Top Officials See Bleaker Outlook for the Economy
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Both Ben S. Bernanke and Henry M. Paulson Jr. said they were scaling back their more optimistic forecasts.
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Northern Ireland businesses could face tougher economic conditions in the coming year, an economist  warns.
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WASHINGTON -- Strained by an ailing housing market and credit woes, the economy in 2007 is expected to log its worst growth in five years and should be somewhat sluggish next year.
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High energy prices and interest rates   have dimmed U.S. chief executive officers' view of the economy,   according to a quarterly survey released by the Business   Roundtable on Monday.
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The economies of central Europe face difficult times in coming years owing to a slowdown in the pace of reforms and a labour shortage, a senior OECD official said.
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WASHINGTON -- A string of government reports yesterday offered a mixed picture of the US economy.
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For anyone who is worried about the economy, 2008 is off to a lousy start.
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The U.S. economy will slow sharply this year and fall behind growth rates in most of the world, according to forecasts in a U.N. report released Wednesday.
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A U.S. intelligence report prepared  for President Bush in July offered a gloomy outlook for Iraq  through the end of 2005, with the worst scenario being a  deterioration into civil war, a U.S. government official said  on Thursday.
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The new forecast will reflect the drag from the housing slump and a slightly lower-than-expected unemployment rate.
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The U.S. economy is slowing but the outlook is benign, while Japan is poised for its longest post-war growth spell, OECD chief Angel Gurria said on Thursday.
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WASHINGTON (CBS.MW) -- The global economic outlook that looked strong in April is starting to fray around the edges, according to an International Monetary Fund report released on Wednesday.
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BRUSSELS The European Union&#39;s executive arm issued a bleak economic report on Tuesday, warning that the sharp rise in oil prices would &quot;take its toll&quot; on economic growth next year while the euro&#39;s renewed climb could threaten exports.
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Fordâs president said that the companyâs operations are improving but the outlook for U.S. sales in 2008 is grim.
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The U.S. economy is slowing but the  outlook is benign, while Japan is poised for its longest  post-war growth spell, OECD chief Angel Gurria said on  Thursday.
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Global finance chiefs meet in Washington amid concerns about the world's economic outlook.
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Economists say the stimulus package and other efforts to address the economic slowdown are likely to be cold comfort to incumbent politicians in November.