WASHINGTON (AP) -- U.S. job growth slumped in April for a second straight month. It suggested an economy that is growing steadily but still sluggishly, which could further tighten a close presidential race....
OTTAWA – Canada’s Conservative government does not expect to launch a new round of fiscal stimulus despite the possibility of weaker-than-expected growth in the first quarter, Finance Minister Jim Flaherty said on Wednesday.
“I don’t see the need for it, quite frankly. I think we have adequate economic growth, and I think the prospects for stronger economic growth later in the year and next year are good,” Flaherty told a news conference.
I think the prospects for stronger economic growth later in the year and next year are good
OTTAWA — The Prairies will likely lead economic growth in cities again this year, but don’t count out other areas in central and eastern Canada — they’ll be playing a bit of catch-up as the manufacturing sector and other stalled industries start to get back on track.
Those forecasts, delivered Wednesday by the Conference Board of Canada, could shine some welcome light on the national landscape, where the economic recovery is viewed as uneven after a strong initial bounce-back from the 2008-09 recession.
Now that we're well past the statistical anomalies associated with the timing of the Chinese New Year/Spring Festival holiday, the year-over-year growth rates of the value of trade between the U.S. and China indicates that China's economy has likely fallen back into recession, while the U.S. economy is growing, if sluggishly, through May 2013:
Charles Lieberman submits:Household confidence remains low, despite evidence that the economy has been growing for three quarters. Perceptions do not appear to be aligned with the economic outlook.News accounts remain quite mixed, with the usual emphasis on negative interpretations of the data, even when it is positive. This contributes to the sense of concern.
Marc Chandler submits:The US dollar has fully recouped the losses inflicted in the immediate aftermath of the FOMC’s decision to recycle the MBS and Agency bond holding proceeds backing into Treasuries.