Economy sends off warning flares
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Crumbling consumer confidence and slumping home sales could prove to be a bad combination for retailers, and for the broader economy going into the holiday shopping season, if the labor market contracts further and chokes off spending, economic data showed Tuesday.
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BusinessWeek Online - The economy is showing some signs of resilience. After a string of weak economic data which led economists to ratchet down growth estimates, the latest figures are beginning to look up and some more positive news is expected in the next batch of figures.
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Frances, the second major hurricane to strike Florida in three weeks, has stung tourism, agriculture and other industries, but the state&#39;s economy is expected to
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Wary employers clamped down on hiring and pushed the unemployment rate to a two-year high of 5 percent in December, an ominous sign that the economy may slide into recession. President Bush explored a rescue package, including a tax cut, with his economic advisers.
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Â· Economist warns of sharp downturn Â· Tory leader attacks Brown over crisis
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Americans are worried about the economy and fear housing woes and war spending could spark a recession, despite the interest rate cut this week that sent stock markets soaring.
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Licking their wounds after stiff losses, jittery investors will be looking for relief this week in the form of reassurance that the U.S. economy will keep growing at a moderate pace.
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When the number of Americans out of work starts to rise sharply, a recession occurs. By that token, the latest figure for unemployed workers is, at the least, a danger sign.
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The mammoth hurricane may give a boost to some businesses, but long-term economic challenges loom. By Richard Luscombe | Contributor to The Christian Science Monitor.
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Data to be released this week was expected to bring more evidence that the consumer side of the economy is faltering amid rising price pressures and a tight job market.
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The eurozone economy got slapped with a wave of bad news that highlighted a third-quarter slowdown, a decline in industrial activity and a stagnant job market.
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Business & money: Â· US economy cools with housing market problemsÂ· Bank rates expected to go in opposite directions
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Euro zone economic indicators for release this week would show that business and consumer confidence was falling and that inflation was on the rise again, economists said.
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A downward spiral of falling house prices and reduced lending threatens the economy, an economist warns.
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Financial markets endured another nervous session on Monday as investors continued to fret about the outlook for the US economy.
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Many of the nation's biggest companies have cut back their sales expectations in recent days and the financial system is showing signs of new stress, evidence that the U.S. economy is more threatened by the sharp downturn in housing than it appeared to be only a few weeks ago.
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The U.S. economyÂs third-quarter slump was not as bad as first estimated, but indicators suggest a steeper decline is coming soon.