Can China maintain pace of economic growth?
People talk about China’s continued economic growth almost as if it is a foregone conclusion, but not all economists are so sure.
People talk about China’s continued economic growth almost as if it is a foregone conclusion, but not all economists are so sure.
With economic growth in the United States sluggish, Indiana companies are joining the race to capitalize on the fast-growing Chinese economy—even as hundreds of millions of Chinese move into the middle class and adopt a Western-style thirst for goods and services.
Manufacturing growth will continue to lead an economic recovery in the United States, predicted PNC Financial Services Group senior economist Robert Dye, in town Wednesday to deliver his forecast at Meridian Hills Country Club.
Wholesale prices jumped last month by the most in nearly two years due to higher energy costs and the biggest rise in food prices in 36 years.
The unemployment rate has been falling for three months, down from 9.8 percent in November, marking the sharpest three-month decline since 1983.
U.S. manufacturers expanded at the fastest pace in nearly 7 years last month, as factories continue to boost economic growth.
Activity won’t gain much steam until more entrepreneurs become optimistic, and optimism won’t materialize until the economy gets warmer, said John Barnard, managing director of Pearl Street Venture Funds.
The Consumer Confidence Index rose in February to its highest point in three years as consumers are feeling more positive about their income prospects and the direction the economy is headed.
Our influential senior senator, Richard Lugar, and 6th District congressman, Mike Pence, disagree on an outright ban on earmarks. This is a rare case in which the differing concerns of both men are right.
Indiana, where foreign-student enrollment rose in 2010, is 10th in the U.S. in the number of students from other countries.
Factories started producing more as U.S. companies placed more orders to replenish stockpiles that they slashed during the downturn. Then in the final months of 2010, consumers and businesses showed a bigger appetite to spend, encouraged in part by the improving economy.
The nation's economy added 103,000 jobs in December and the unemployment rate dropped to 9.4 percent last month, its lowest level in 19 months. But the job growth fell short of expectations based on a strengthening economy.
The U.S. Labor Department says applications for unemployment aid rose by 18,000 to a seasonally adjusted 409,000 in the week ending Jan. 1. Applications fell to 391,000 in the previous week, the lowest point since July 2008.
Forecasts are primarily used as a tool to begin, not end, conversations about business and government matters.
The latest data confirm that the economy is improving, even though too few jobs are being created to lower the 9.8 percent unemployment rate.
Many of the best minds in the nation are endorsing the latest stimulus package, which retains the Bush tax cuts and reduces workers’ Social Security contributions nearly one-third.
The recession came to an official end 18 months ago, but Indiana’s unemployment rate hovered around 10 percent.
Many analysts think the economy is growing at a 3.5 percent pace or better mainly because consumers are spending more freely again.
Indiana’s jobless rate dropped for the second month in a row and has decreased four-tenths of a point since hitting 10.2 percent this summer.
All economists know that, at its core, inflation is caused solely by too much money chasing too few goods.