Consumer spending is back, thanks to services
Economic indicators have been improving, albeit slowly, since the summer of 2009, confirming that the economy is on the mend. However, most observers likely would agree that full recovery — a return to pre-recession activity levels — won't happen anytime soon.
Will the U.S. stay globally competitive? It depends
Jim Owens, chairman and chief executive officer of Caterpillar Inc., is "concerned that the U.S.
U.S. economy lost steam in Q2, slower growth looms
When the first quarter ended, many analysts projected the subsequent months would bring even stronger gains in Gross Domestic Product. But the high hopes of economy watchers for acceleration in growth were dashed by reality when the U.S.
China's economy now second only to United States: What does the future hold?
On August 16 the Japanese Cabinet Office announced that Japan's second-quarter GDP was for the first time smaller than China's. A media frenzy ensued, and analysis firms raced to predict when China would surpass the U.S.
Will increasingly optimistic younger shoppers buoy holiday sales ... and the economy?
After the turkey trimmings are stowed in the fridge, some 138 million shoppers are expected to hit the mall on Friday — up 4 million from last year.
U.S. economy grew 2.5 percent in Q3
Gross Domestic Product (GDP), the measure of the nation's output of goods and services, grew by 2.5 percent in the third quarter of the year, according to recently revised figures from the U.S. Bureau of Economic Analysis.
States struggle to get back to prior peak employment
The advance report on third quarter economic growth (released October 29) was not really bad news. After all, Gross Domestic Product (GDP) was up by 2.0 percent, not on the decline as it would be in a double-dip recession.
The Economic Minute: Robert Mittelstaedt looks at the sector-driven recovery
The Economic Club of Phoenix opened its new season October 28, 2010. "The Economic Minute" is a monthly thumbnail update that is a regular feature at Economic Club luncheons. This month, W. P. Carey Dean Robert Mittelstaedt talked about the dynamics of the sector-driven recovery.
Top forecaster predicts partly cloudy economy with a chance of showers
With the most accurate economic forecast among Blue Chip survey participants for the years 2006, 2007, 2008, and 2009, Dr. Sherry Cooper of BMO Financial Group is the winner of the 2010 Lawrence R. Klein Award for Blue Chip Forecast Accuracy.
Where will the economy be in five years?
As the fourth quarter begins, most economy-watchers have lost any hope that 2010 will be a year of strong growth. Instead, analysts now are expecting that it may be several years before output expands at a consistent pace that is vigorous enough to make a sizeable dent in unemployment rates.