WASHINGTON (Reuters) - The U.S. economy likely grew at its slowest pace in nearly two years in the fourth quarter as businesses added less stock to their warehouses and government spending fizzled, setting it up for a difficult start in 2013. Gross domestic product probably expanded at a 1.1 percent annual rate, braking sharply from a 3.1 percent clip in the third quarter, according to a Reuters poll of economists. That would mark the weakest growth pace since the first quarter of 2011 and it would show the economy entering the new year with little momentum.
The wheels seem to have fallen off (job growth), and that might position the housing and consumer markets to face a little bit greater risk
Canada Friday will probably report it added 20,000 jobs in August, economists say, a level that would keep it on track for the weakest annual payroll growth in a non-recession year since 2001.
The rosy eurozone growth estimates of a few months ago have bitten the dust already with the possible exception of Germany. The Markit Flash Eurozone PMI signals slowing growth for second successive month in November, with France leading the way.
A day of fireworks that started with the stunner by Goldman's head of the ECB has just gotten its second wind following the preliminary announcement of Q3 GDP, which roared from 2.5% to 2.84%, far above expectations of a 2.0% annualized number.
By Astrid Wendlandt PARIS (Reuters) - Gucci still has more work to do to become a more exclusive brand, parent Kering said on Thursday after the leather goods maker posted its weakest sales growth in four years. Gucci, which accounts for more than half of Kering's valuation, has been hit like arch-rival LVMH's Louis Vuitton by lower Asian demand and disruptions linked to efforts to reposition itself more upmarket. Gucci's like-for-like third-quarter sales rose 0. ...
India's economic growth slowed to 6.1 percent in the three months to December, the weakest annual pace in almost three years, as high interest rates and rising raw material costs constrained investment ...
NEW DELHI (Reuters) - India's economic growth slowed to 6.1 percent in the three months to December, the weakest annual pace in almost three years, as high interest rates and rising raw material costs constrained investment and manufacturing.