U.S. banking industry still faces stiff headwind
Morgan Stanley economists still see stagflation — weak growth and elevated inflation — dogging the global economy for the next several quarters.“We look for a prolonged period of relative economic stagnation in the G-7 countries rather than a deep recession, and we think that persistent underlying inflation pressures will limit the oil price-induced decline in […]
Predictions about the country’s economic fortunes vary considerably
The recent drop in oil prices is allaying fears of inflation. But inflation won’t moderate quickly; it will go down only if oil and other commodity prices stay down. Inflation is measured year over year, and economists expect oil prices for the rest of this year and early 2009 to be above year-earlier levels. Prices […]
U.S. housing slowdown weighs on global economy
Bonds adjusting to lower growth outlook
Officials divided on inflation outlook
Falling energy prices curb inflation
Flaherty cuts growth forecast to 1.1%
Companies must make better use of energy, water and food