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EconNews Online is South-Western's service to provide summaries of the latest economics news stories. Review the brief summaries and, for stories of interest, select the full summary. |
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| Title | Brief Summary |
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According to the National
Bureau of Economic Research the U.S. economy has been out of a recession
since November 2001. This report comes at a time when the U.S. economy is
still experiencing slow job growth. With employment numbers dropping over
the past five months, some worry that even though the recession has been
reported as over; there could be another on the horizon. (Updated August 27, 2003) |
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With analysts uncertain
as to the future direction of the economy, the latest data on wholesale
prices and new claims for unemployment insurance provided some hopeful signs
of a continued recovery. (Updated September 1, 2002) |
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The Bush Administration
has proposed a $30 billion relief package for Brazil, but there has been
no reconsideration of our position towards Argentina. (Updated September 1, 2002) |
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To the surprise of many,
the estimate of the GDP for the fourth quarter of 2001 rose 0.2 percent.
GDP figures will be revised next month, but if the revised numbers continue
to show an increase, the current recession will have ended. (Updated March 20, 2002) |
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Gross Domestic Product
(GDP) declined in the third quarter of this year at an annual rate of 1.1
percent. The GDP figures, as reported by the Commerce Department, represent
the worst quarterly performance in a decade. (Updated January 15, 2002) |
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Although most economists
are predicting a mild recession with recovery in the second-quarter of 2002,
some believe it will be the worst in 20 years. A prolonged U.S. recession
could trigger a world-wide recession, further aggravating U.S. problems. (Updated December 1, 2001) |
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The fallout from the
terrorist attacks on the United States has impacted the Canadian economy,
possibly throwing it into recession. The damage and disruptions resulting
from the terrorist attack on September 11 has weakened both the United States
and Canadian economies. (Updated October 1, 2001) |
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Alan Greenspan and Treasury
Secretary Paul H. O'Neil say the government should not rush to adopt measures
to stimulate the economy. The economy is expected to decline for a short
time, in part due to the terrorist attack on September 11. (Updated October 1, 2001) |
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The Index of Leading
Indicators declined in August by 0.3 percent for the first time since March.
The decline illustrates that even before the terrorist attacks of September
11, the U.S. economy was slowing. (Updated October 1, 2001) |
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There is a mounting body
of evidence that the economy is slowing. Stephen Roach, chief economist
at Morgan Stanley Dean Witter, argues that the economy has stalled and that
another shock, perhaps in the form of another decline in the stock market,
could bring a recession both here and abroad. (Updated January 1, 2001) |
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Ups and Downs
Full Summary |
First it was the Asian
financial crisis that sent South Korea's economy into a tailspin. A remarkable
recovery followed, until the second quarter of 2000, when South Korea's
growth slowed. Many fear that incomplete reform efforts, a-not-as-favorable
international climate, and rising oil prices will slow economic growth considerably.
(Updated November 1, 2000) |
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