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Last updated: 12:58:11 Wednesday Nov 25, 2009


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Economic Conditions



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  • Britain is last major nation in recession
    LONDON (AFP) - Britain remains stuck in a record recession, official data showed on Wednesday, but economists forecast a return to growth before the end of the year ahead of a general election.   People:Gordon Brown   Activities:2008 U.K. Recession   Source:(AFP)   2009-11-25

    U.S. consumer spending rises, jobless claims tumble
    WASHINGTON (Reuters) - U.S. consumer spending rose more than expected in October, while new applications for jobless aid last week fell to their lowest level in more than a year, suggesting the economic recovery is gaining traction.   Activities:2008 U.S. Recession   Source:(Reuters)   2009-11-25

    Europe's recovery will be 'gradual': OECD
    PARIS (AFP) - The eurozone has snapped out of recession sooner than expected but recovery will be slow, with annualised growth of 0.6 percent in the fourth quarter, the OECD said on Thursday.   Nations:France Luxembourg Slovakia Portugal Finland Netherlands   Activities:2008 EU Recession   Source:(AFP)   2009-11-19

    China's output, retail sales gather pace in October
    BEIJING (AFP) - China said Wednesday that massive government spending was paying off as a new wave of data showed the world's third-largest economy continued to strengthen following the worst global crisis in decades.   Nations:China Canada   2009-11-10

    Fed officials see choppy recovery for U.S. economy
    AUSTIN/ATLANTA (Reuters) - High unemployment and reluctant consumers will likely make an incipient U.S. economic recovery weak and erratic, top Federal Reserve officials said in a string of speeches across the country on Tuesday.   Nations:U.S.   Activities:2008 U.S. Recession   Source:(Reuters)   2009-11-10

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