Thursday, May 24, 2012

Economy trudges along despite Europe turbulence - Yahoo! Finance

Economy trudges along despite Europe turbulence - Yahoo! Finance: " The number of Americans filing new claims for jobless benefits dipped last week, indicating the economy is plodding along even though headwinds from Europe cut into U.S. factory activity growth this month.
The data on the U.S. economy on Thursday was a bit lackluster, but it showed the recovery remained resilient even with growth in China slowing and the euro zone edging toward recession.
"We are growing at a moderate pace of 2 to 2-1/4 percent, but we have some headwinds that are starting to assert themselves, particularly coming from Europe," said Paul Edelstein, an economist at IHS Global Insight in Lexington, Massachusetts"

'via Blog this'

No comments:

Post a Comment

Featured Post

Dawgen Global Firm Profile

Dawgen Global is an integrated multidisciplinary professional service firm We are integrated as one firm and provide several profession...