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Why the US growth forecast was cut from 2.7% to 0.5%

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The IMF forecasts a downbeat 2008 for the global economy as it deals with the ongoing credit crisis, the economic slowdown and stubbornly high inflation. And significantly, it predicts a recession for the US. ...


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http://www.newinvestment.net/?p=4976

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Vote: Global Recession? Fears of a US recession are nothing new, but is the slowdown spreading overseas? Tell us what you think. Read More. Topics:Federal Reserve | Interest Rates | Ben Bernanke | Economy (US) | Economy (Global) | Recession | Stock Picks ...

Consumer Loan Delinquencies Up Slightly In Second Quarter Despite continued economic stress, economists say the federal economic stimulus payments consumers received in the second quarter helped keep loan delinquencies in check.

(AFX UK Focus) 2008-03-12 05:21 GMT: Australia's Westpac March consumer sentiment index lowest since Sept 93 - UPDATE (Interacti SYDNEY (Thomson Financial) - Consumer sentiment in Australia slumped to its lowest level in March since September 1993, weighed down by rising interest rates and slowing global economic growth.

Big Market Rally, Behind the Fed's New Bailout, Oil to New Highs ... The Shanghai Composite fell 2.3% on rumors the Chinese central bank is planning to hike rates again€¦ and the government is devising more ingenious ways to stymie inflation in their fledgling capitalist economy. Mortgage enablers Fannie ...

What Options Are Left to Boost Economy? What Options Are Left to Boost Economy? posted: 29 MINUTES AGOcomments: 0 First it was a steady stream of interest rate cuts from the Federal Reserve, then a $168 billion economic stimulus plan. And most recently, the government moved ...

Fed poised to cut interest rates again (The State) The Federal Reserve is expected to aggressively lower interest rates in its intensified battle against the credit crisis and spreading economic weakness. The question is whether all of the effort will turn the tide. Federal Reserve Chairman Ben Berna...

S&P/Case-Shiller U.S. Home-Price Index Falls 14.4% (Update3) May 27 (Bloomberg) -- Home prices in 20 U.S. metropolitan areas fell in March by the most in at least seven years, pointing to weakness in the housing market that will constrain economic growth.

Fed says bank loan standards now tighter (Washington Post) WASHINGTON (Reuters) - Banks in the United States tightened their lending standards and terms for businesses and consumers alike amid a deteriorating economic outlook, a Federal Reserve survey showed on Monday.


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