The political brinksmanship that left the country hanging in limbo just a few months ago has significantly subsided, and that’s helped with the economic recovery, argue VoxEU’s Scott Baker and Nicholas Bloom. Read full article > >
As President Obama prepares to give his third State of the Union address next week, he faces a dispirited and polarized electorate that is sharply divided over his record, worried about the pace of the economic recovery and deeply pessimistic about the country’s trajectory. Read full article > >
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Electorate is sharply split over Obama, poll finds
The president, trying to contain Iran’s nuclear ambitions, must balance choices that could harm either the economic recovery or his image as a firm leader.
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Faceoff With Iran Complicates Obama’s Re-election Campaign
The unemployment rate dipped to its lowest level in nearly three years last month, good news that on Friday rippled through rival presidential campaigns whose prospects could hinge on the pace of the economic recovery. Unemployment has declined in four consecutive months, to 8.5 percent, its lowest level since the president’s second month in office. However fragile, it is the kind of trend that President Obama is counting on to convince voters that he deserves a second term in the White House. Read full article > >
Japan’s household spending falls while the unemployment rate increases raising concerns about economic recovery.
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Japan households feel the squeeze
U .S. home prices are set to fall further. There is nothing policymakers can do to forestall this, but there are things they can do to mitigate the severity of the decline. With Europe in disarray , the supercommittee struggling to reduce the federal deficit and a payroll tax increase looming next year, help for the housing industry could make the difference between a continued economic recovery and a double-dip recession. Read full article > >
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With home prices headed down, three ideas to soften the fall
IMF chief Christine Lagarde calls for countries to “act now and act together” to keep on the path to economic recovery.
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IMF: Collective action needed now
IMF chief Christine Lagarde calls for countries to “act now and act together” to keep on the path to economic recovery.
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IMF: Collective action needed now
JACKSON, Wyo. — The world economic recovery is in new peril of derailing, the head of the International Monetary Fund said Saturday as she called on leaders in the United States and Europe to take aggressive and immediate action to address new cracks appearing in the global economy. The global economy is in a “dangerous new phase,” said Christine Lagarde , the IMF managing director, speaking at a conference of top central bankers and economists. The world is endangered by “a growing sense that policymakers do not have the conviction, or simply are not willing, to take the decisions that are needed.” Read full article > >
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IMF’s Lagarde: View is growing that policymakers can’t make tough choices
BERLIN — As investors dumped stocks Friday on both sides of the Atlantic, a growing suspicion that Europe’s banks are on shaky ground offered more evidence that the struggling global economic recovery is in trouble. The increasing mistrust of Europe’s banks is threatening to drag down the continent’s already sluggish economy and prompting new worries for American financial firms that do business with their European counterparts. The concerns about the health of Europe’s financial firms are making it harder for them to raise money. In turn, they are under pressure to charge more for loans they offer to businesses and consumers on the continent. The resulting credit crunch, though not nearly as severe, has echoes of three years ago when Wall Street’s meltdown prompted fearful banks and businesses in the United States and elsewhere to stop lending each other money, choking off the economy’s lifeblood. Read full article > >
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Banks, entwined in government debt, contribute to Europe’s dimming outlook
Stock prices plunged in a broad sell-off Thursday amid renewed fears about the finances of countries and banks in Europe in a return of the investor skittishness that led to last week’s wild market swings. While there was no one trigger for the market plunge, a spate of gloomy numbers and the return of panic selling reawakened fears of another recession. Bleak numbers for U.S. jobs, housing and manufacturing compounded the anxiety over European woes , rattling share prices in every industry, and indicated again that the economic recovery remains fragile. Read full article > >
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Stock markets are walloped by another sell-off as fears of recession build
The Federal Reserve chairman Ben Bernanke says the US economic recovery will rebound in the coming months.
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US economy ‘to pick up this year’
Bad news for the economic recovery. Unemployment rose to 9.1 percent in May from 9 percent in April. The Labor Department said last month’s severe weather, high gasoline prices, and vehicle supply disruptions due to Japan’s earthquake are partly to…
The International Energy Agency warns that the economic recovery could be at risk if oil supply is not increased.
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Global recovery at risk says IEA
With home prices headed down, three ideas to soften the fall
Thursday, November 10th, 2011IMF’s Lagarde: View is growing that policymakers can’t make tough choices
Saturday, August 27th, 2011Banks, entwined in government debt, contribute to Europe’s dimming outlook
Friday, August 19th, 2011Stock markets are walloped by another sell-off as fears of recession build
Friday, August 19th, 2011
