The numbers are in and the results are that the economy is growing at a sluggish pace, almost too slow to notice. Although slightly higher than the 1.5 percent that the Commerce Department originally predicted, the April to June quarter growth of 1.7 percent is an omen that the US economy during the last half… Continue Reading
Despite Germany’s stalwart growth, the euro zone’s economy stuttered in the second quarter. According to Reuters.com, the region “contracted by 0.2% on the quarter.” Meanwhile, “Germany eked out growth of 0.3%, marginally beating forecasts, but its forward-looking ZEW sentiment index slid for a fourth month running, undercutting even the lowest estimate in a Reuters poll.”… Continue Reading
Legal & General Group, a UK insurance company, recently stated that although further crises are expected on a global macroeconomic level, their company will persevere. In fact, Tim Breedon’s replacement Mr. Nigel Wilson, chief executive, has plans to further expand the businesses through bolt-on acquisitions. The first half of 2012 saw revenue grow from GBP493… Continue Reading
Throughout the economic concerns and debt crises, Germany has always managed to keep its head above water, and sometimes thrive, despite the area’s hardships. Not anymore. In 2011, German exports increased dramatically while employment levels improved, wages rose and real estate climbed to altogether new heights. Near-balance of the federal budget and other positive signs… Continue Reading
Spain’s gaping economic crisis has pushed stock markets down this week triggering a fresh wave of doubt concerning the Eurozone’s progress and recovery. The Washington Post explains that Spain’s unemployment rate, currently higher than that of the U.S. during the Great Depression, has contributed to the economy’s downfall. “Spain announced that its economy shrank by… Continue Reading
A recent poll of hundreds of economists has revealed that the global economy will continue to struggle throughout 2012, but will begin to see significant growth by 2013. Though many expected 2012 to be a rough year, even experts believed the United States’ resilience would keep the economy above water. Numerous successful emerging markets contributed… Continue Reading
A national survey recently revealed that although 2012 has seen some significant improvement, more than 50% of new college graduates will struggle to find work over the course of the next few months. According to the Birmingham News, “Lack of jobs, not qualifications, is the top reason recent college graduates and post-graduates are unemployed and… Continue Reading
The Council of Competitiveness and the National Association of Manufacturers recently unveiled its list of the top ten ‘business-friendly’ states in the U.S. this year. As mentioned before, Texas ranked #1 in several surveys. The most recent list ranks the states like this: Texas Utah Virginia North Carolina North Dakota Nebraska South Dakota Colorado Georgia… Continue Reading
Stalled trade growth in China has wreaked havoc on the Asian stock market as global demand falters. Chinese imports fell by half this past June to 6.3%, while exports increased 11.3% in comparison to May’s 15.3% growth. Meanwhile, slow demand for China’s oil, iron ore and various other goods has triggered concern in other economies… Continue Reading
A report from the U.S. Labor Department shared that the nation’s economy managed to squeeze out a mere 80,000 new jobs this June, adding to the concern and disappointment as the elections draw nearer. Meanwhile, Canada has revealed that its economy, though struggling, is keeping afloat. The nation’s unemployment rate has fallen to 7.2% this… Continue Reading