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Tag Archives: Economic Planning

IMF cuts global growth outlook, warns of stagnation risk in rich nations


Anna Yukhananov | Reuters WASHINGTON – The International Monetary Fund on Thursday chopped its 2014 forecast for global economic growth to take into account weakness early in the year in the United States and China, the world’s two biggest economies. The IMF warned that only some of the factors leading to the reduction were temporary, and said richer nations in ...

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Bid launched to stop EU/U.S. free trade deal

Philip Blenkinsop | Reuters  BRUSSELS – A broad coalition of European environmental, consumer rights and anti-globalisation groups launched a bid on Tuesday to stop the European Union from negotiating a free trade deal with the United States. The alliance of around 150 groups, ranging from Greenpeace Luxembourg to Germany’s left-wing Die Linke party, say the proposed EU/U.S. trade deal is ...

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US trade deficit drops to $44.4 billion in May

Martin Crutsinger | Associated Press WASHINGTON (AP) — The U.S. trade deficit fell in May as U.S. exports hit an all-time high, helped by a jump in exports of petroleum products. Imports dipped slightly. The trade deficit narrowed 5.6 percent in May to $44.4 billion after hitting a two-year high of $47 billion in April, the Commerce Department reported Thursday. ...

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Energy boom fuels economic growth in Midwest states

 By Patrick Gillespie | McClatchy Washington Bureau WASHINGTON _ While the national business outlook remains tepid, the energy sector is driving fast economic growth in some states. A drilling boom for oil shale and natural gas has spurred prosperity throughout the middle of the United States. Despite having mostly smaller economies compared with coastal states, these states will continue growing for ...

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Rebound in rig count fuels area oil and gas economic growth

Drilling new wells

Mella McEwen for Midland Reporter-Telegram, Texas The Permian Basin’s oil and gas economy remained in record territory as the first quarter of 2014 came to a close, with the Texas Permian Basin Petroleum Index recording its 52nd consecutive month of increase. The March index was 9.4 percent higher than March 2013. Amarillo Economist Karr Ingham, who prepares the index, said ...

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Oil declines after China trade data

The Associated Press The price of oil declined Thursday after China’s monthly trade data showed subdued imports by the world’s largest crude consumer. Benchmark U.S. crude for June delivery was down 39 cents at $100.38 a barrel at 0920 GMT in electronic trading on the New York Mercantile Exchange. The contract rose $1.27 to close at $100.77 on Wednesday. Brent ...

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Oil below $100; gas prices near peak, AAA says

The price of oil fell below $100 a barrel for the first time in three weeks Wednesday as reports showed U.S. economic growth stalled in the first quarter and oil supplies in the U.S. rose to record levels last week. Meanwhile, AAA said U.S. gasoline prices are near their springtime peak and drivers should be paying less at the pump ...

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