The world's two economic superpowers — the United States and China — face significant challenges as they confront the future possibilities of trade and a new world economic order.

Although nonresidential building held up longer than residential activity in the current recession, the nonresidential downturn now has started and is expected to continue into 2010. The timing of the rise and fall of these two construction categories differs.

An anemic economic recovery will begin at the end of the year, but don't expect the pain to end anytime soon.

On May 20, the Economic Club of Phoenix presented its annual Economic Outlook Luncheon.

All but three states reported losses in nonfarm employment in March 2009 compared to 12 months earlier, according to figures released by the U.S. Bureau of Labor Statistics. Nationally, the economy lost 4.8 million jobs over-the-year in March, and payroll employment fell by 3.6 percent.

This spring's crop of college graduates are venturing forth into one of the most challenging job markets in decades.

Doing business in China different than doing business anywhere else.

Current economic reports are grim, with indicators such as capacity utilization and housing starts at levels consistent with a deep contraction. Yet, there is a widespread view among analysts that the official end date of this recession is not that far off, sometime in late 2009.

Economy-watchers anticipated poor performance from the economy in the first quarter of 2009, and they got what they expected when the Bureau of Economic Analysis released the advance report on Gross Domestic Product (GDP).

In 2001, China became the first centrally-planned economy admitted to the World Trade Organization (WTO) — the only global international organization designed to facilitate multilateral trade between its member nations.