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London 'leading the UK out of recession'
LONDON is leading the UK out of recession, new economic data has suggested. The Purchasing Managers Index (PMI) shows that the capital was the strongest performer last month.
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Japan Dec current account balance +452.8 pct y/y
Japan's current account surplus rose 452.8 percent in December from a year earlier, Ministry of Finance data showed on Monday, reflecting a pickup in exports led by demand from Asia.
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Economists fear growth too tepid to trim unemployment
The economy’s 5.7 percent growth last quarter – the fastest pace since 2003 – was a step toward shrinking the nation’s 10 percent unemployment rate.
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Bank to cut UK growth forecast
THE Bank of England is set to cut its growth forecasts for the UK economy in 2010 and raise its inflation expectations in the wake of recent economic data.
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US mortgage crisis threatens tenants
The mortgage crisis that helped trigger the US recession is hurting more than just home owners. An increasing number of tenants are being forced out as well. That is because once the banks take possession of a home, they evict whoever is in it –
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RBA's upbeat statement raised GDP and CPI forecast
The Reserve Bank followed its shock decision Tuesday to leave the cash rate steady at 3.75% by today releasing another upbeat assessment of the economy in the Statement on Monetary Policy (SoMP).
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RBA Adjusts Inflation, GDP Forecasts
The Reserve Bank of Australia is forecasting a mild uptick in its gross domestic product forecast, and a slow moderation of inflation.
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Reserve sees stronger growth ahead
The Reserve Bank has forecast the local economy to grow marginally quicker in 2010, while headline inflation is predicted to ease due as a stronger currency takes the edge off imported goods prices.
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Britain must avoid the 'double-dip' recession
A second economic slump could be the result if the Bank of England stops oiling the wheels of recovery.
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U.S., Canada GDP figures turn upbeat
Even as markets fret about the possible fallout from populist-driven banking reforms and extraordinarily high levels of public debt, they would be hard-pressed to ignore GDP data from the United States and Canada that surpassed expectations and o
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Obama unveils budget for tough times
President Barack Obama Monday unveiled a budget pouring billions of dollars into nurturing the economic rebound and battling 10-percent unemployment, while taking aim at record deficits.
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The Deficit and the Dollar
President Obama’s proposed budget for fiscal 2011 includes a projected shortfall of a record $1.56 trillion in fiscal 2010 – a deficit equivalent to about 10.6% of the gross domestic product. 
