Economic Growth

Geithner, Under Fire, Defends Bailout of AIG

Reuters| Markets

… Obama administration had taken to restore financial calm and economic growth . The Treasury chief used his testimony to press his case ..... accountability," Geithner said. Geithner said he expected U.S. economic growth to continue in the fourth quarter and into 2010 but argued …

Story|11/19/2009

Stimulus Driving Recovery, OECD Says

By By William L. Watts| MarketWatch Pulse| Other Stories

… forecast to shrink 4% this year, compared to a previous forecast for a 4.8% fall. In 2010, the euro zone is seen expanding by 0.9%, compared to the OECD's previous call for flat economic growth . Copyright © 2009 MarketWatch, Inc.

Story|11/19/2009

Fed Officials Play Down Impact of Weak Dollar

Reuters| Markets

… not such that I consider them to be threatening or inconsistent with fundamentals," Plosser said. "The prospects for economic growth are stronger in Asia than in the U.S., and you would expect some of those flows." Both Fisher and Plosser pointed …

Story|11/19/2009

U.S. Stocks Finish Lower; Economic Worries Weigh

By By Kate Gibson| MarketWatch Pulse| Other Stories

… stocks finished lower Thursday, continuing a global decline sparked by worries equities' rise had reached beyond likely economic growth . Bank of America's downgrade of chipmakers further dented investor sentiment. Well off its intraday lows, the Dow Jones …

Story|11/19/2009

Obama: Too Much Debt Could Fuel Double-Dip Recession

Reuters| Markets

… was considering ways to accelerate economic growth , with tax measures among the options ..... that," Obama said. "We've seen economic growth (in the third quarter). We anticipate economic growth next quarter as well. I always said …

Story|11/18/2009

Obama's Tough Sell to the Chinese

By By Peter Barnes, Senior Washington Correspondent| FOXBusiness| Markets

… plan is necessary to spur healthy economic growth around the world because the collapse ..... step up their spending to keep global economic growth strong in the future. If they do, he hopes they’ll ..... countries that begin experiencing rapid economic growth that spending on furniture, clothing, motorbikes …

Story|11/17/2009

Weak Spots Can't Keep Fed From Tightening: Lacker

By By Greg Robb| MarketWatch Pulse| Markets

… Robb MarketWatch Pulse WASHINGTON -- The Federal Reserve will have to start tightening monetary policy before economic growth becomes especially vigorous, said Jeffrey Lacker, the president of the Richmond Federal Reserve Bank on Tuesday …

Story|11/17/2009

South Africa Keeps Interest Rates Unchanged At 7%

By By Polya Lesova| MarketWatch Pulse| Markets

… interest rate unchanged at 7% on Tuesday, meeting market expectations. The domestic economy will continue to recover, but economic growth is expected to remain below potential for some time, the South African Reserve Bank said in a statement. "The main threat …

Story|11/17/2009

IMF: Yuan Strengthening Is Part Of Needed Reforms

By By Polya Lesova| MarketWatch Pulse| Other Stories

… now "increasingly well-established and is a source of strength for the rest of Asia and indeed the world." The IMF expects economic growth in China to be in the 8%-9% range this year and next. Copyright © 2009 MarketWatch, Inc.

Story|11/17/2009

IT takes biggest job-cut hit in the back office

By By Galen Gruman| IDG.net| Personal Finance

… see a turnaround for such positions, and instead forecasts an "extended jobless recovery." Reasons include the lack of economic growth , deep cuts in response to budget pressures, improvements in productivity and automation, and the increased use of offshore …

Story|11/17/2009