Now, world buoys U.S. economy
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Rising demand for US exports has offset the domestic downturn in home-building.
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COLUMN | It still looks like a healthy U.S. economy is a necessary ingredient to global prosperity.
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Global economic growth has reached a turning point with a slowdown now clearly under way, led by the United States, the World Bank said on Wednesday.
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The IMF, World Bank and G7 finance ministers will say that the world economy has a vibrant heartbeat when they meet next week in Singapore, but tremors are present in the form of slowing US growth and high oil prices.
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The world still moves in file with the US, but how badly it suffers in a coming slowdown may depend on how long it lasts
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In one area at least, the new economy is  delivering on its promise.
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US Treasury Secretary Henry Paulson said Wednesday the world's economy was in good shape despite stock market turmoil as he headed to China and talks on reforms and the currency.
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Just at the moment the U.S. economy could use a boost, the recent surge in oil prices is having the opposite effect.
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The United States hit a record deficit of $166.2 billion last quarter in trade and capital flows with the rest of the world.
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Business & money: US will bear brunt of slowdown in economic growth, global stability report says.
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This is going to be the year the world learns to live with a cheaper dollar. How well it does that may have a profound effect on prospects for continued world growth.
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In one area at least, the new economy is delivering on its promise.
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The best of times, or the worst of times. The US economy is the strongest in years, or is mired in the deepest employment crisis in decades.
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Pearlstein | A healthy U.S. economy still looks to be a necessary ingredient in global prosperity.
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By helping improve lives around the world, they rebuild the America's image abroad.
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The US economy is gaining momentum, bolstered by home building, shipping, and even the beleaguered manufacturing sector, the Federal Reserve said yesterday in a newly upbeat assessment.
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WASHINGTON : World finance chiefs meeting in Washington this week will express satisfaction with a rebounding global economy, but also highlight risks from surging oil prices, turmoil in Iraq and other factors.