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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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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Bank of England governor admits that the economy might grind to a halt this year
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Sentiment makes bad economic data look worse.
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The European Union's head office issued a bleak economic report Tuesday, warning that the sharp rise in oil prices will "take its toll" on economic growth next year while the euro's renewed climb could threaten crucial exports.
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U.S. chief executives' outlook on the economy dimmed in the second quarter, though they still expect growth, according to a quarterly survey by the Business Roundtable released on Tuesday.
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Money managers are growing more pessimistic about the economy, corporate profits and US stock market returns, according to a monthly survey by Merrill Lynch released Tuesday.
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Services firms are worried that they are vulnerable to a weakening economy, a CBI report warns.
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Governors are facing up to some harsh realities: Their states' school children aren't ready for the 21st century, their workers aren't trained for the new jobs created every day, and their businesses aren't competing as strongly as they must to keep ahead.
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Don't expect lawmakers and Treasury Secretary Paulson to stave off a downturn, if that's where the economy is headed.
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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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The top executive at General Motors  Corp said Sunday that the woes of the economy were a concern to  the automaker but predicted that the second half of 2008 would  be better than the first.
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Americans have turned markedly gloomier about the economy in recent months, a shift that is reshaping a presidential campaign long dominated by the war in Iraq and national security concerns.
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Don't expect lawmakers to stave off a downturn, if that's where the economy is headed.
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The region is now feeling an autumn chill of slackening economies and warnings of further market upheaval.
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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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A group of economists say mismanagement is inflicting a huge cost on the country's economy.