Weak US 'to hit global growth'
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A slowdown in the US will crimp global economic growth in 2007, a report from the OECD predicts.
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The US home loan crisis will cause just a modest slowdown of the American economy and have a limited impact on the rest of the world, the International Monetary Fund&#39;s chief economist said Wednesday.
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A slowdown in the U.S. economy will likely drag on global growth next year, economists predict, but Asia and Europe are expected to remain fairly resilient amid signs of healthy consumer demand.
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A weak report on retail sales, a key element of US economic activity, fueled nagging doubts about whether a so-called &quot;soft patch&quot; for the US economy is lingering.
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Lack of a big majority may mean the US will be involved longer to support a 'weak' government.
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US News, CHICAGO - US economic growth is expected to slow in 2005 due to rising interest rates and high crude oil prices, according to a forecast of participants at a Federal Reserve Bank of Chicago conference released on Monday.
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Growth in the US economy this year is likely to be 4.3%, the OECD forecast today, lowering an earlier forecast of 4.7%. But the Japanese economy was set to grow by 4.4% instead of 3% forecast earlier and the euro zone by 2% instead of 1.6%.
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US economic growth is set to quicken as a healthy jobs market offsets weakness in the housing sector, a survey predicts.
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A cooling housing market is likely to trigger a slowdown in the U.S. economy next year and could weigh on the global economy as well, the International Monetary Fund said Thursday.
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The UK economy will see its weakest period of growth in 15 years and risks a recession, a report warns.
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US economic growth drops to a weaker-than-expected annual rate of 0.6% in the final quarter of 2007.
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The International Monetary Fund has cut  its forecast for global growth next year slightly amid  expectations that the U.S. and Chinese economies will not  expand as strongly as previously thought.
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The International Monetary Fund warned Wednesday that rising oil prices and interest rates were hampering global economic growth, but the US government said the American economy was stronger than it had estimated earlier.
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The U.S. economy grew at a  weaker-than-expected 3.1 percent annual pace in the final  quarter of 2004, its slowest since the beginning of 2003 as the  country's trade performance deteriorated and inflation picked  up, a government report on Friday showed.
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The U.S. economy grew at a  weaker-than-expected 3.1 percent annual pace in the final  quarter last year, its slowest since the beginning of 2003 as  the country's trade performance deteriorated and inflation  picked up, a government report on Friday showed.
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Some fear that American consumers will pull back from their exuberant spending, cooling demand for goods worldwide and dragging down the global economy.
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The Motley Fool - We're heading into a recession. You've heard about it for months, even years, what with the housing bubble, the war in Iraq, overextended consumer credit -- you name it. A recent Merrill Lynch (NYSE: MER - News) report says that the U.S. economy will grow by only 1.9% next year, down from 3.4% this year, and slower than the global growth rate of 5.2%. Even slowpoke Europe should pass us at 2.1%, though the U.S. is ahead of the average European GDP growth rate of 2.7%.