Word: gdp
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...faltering presidency, one whose fate interests more than Koreans. Nobody has done more to bring North Korea in from the cold. But Kim's attempts to improve relations with Pyongyang have been stalled for months, an impasse that concerns Washington, Beijing, Tokyo and Moscow. The Korean economy is faltering. GDP growth is expected to fall by more than half this year, to 4%, the rock bottom by Korean standards, and Korea's exports are slowing fast. For the 15 months left in his term, Kim will probably be a lame duck...
...cost in human capital in the world?s financial center is all but incalculable. Insurance companies face staggering claims, and for airlines the unprecedented (and ongoing) total stoppage of all air traffic that began Tuesday will likely be too much for many carriers to recover from. With GDP growth in this August-October third quarter already expected to be at or below zero, the events of Tuesday alone will likely be enough to send the U.S. economy across that line into contraction...
...answer to making this everywhere-but-the-GDP-numbers recession as quick and painless as possible may not lie in trying to tide the consumer over while Wall Street waits and worries for businesses to start investing again. It may be giving those businesses - and the investors that bet on them - a reason to take that leap of optimism as soon as possible...
...Prime Number 0.2 percent is how much the U.S. economy grew in the second quarter. Not a recession, but it's the slowest GDP expansion in the U.S. since...
...percent it hit last October - about the time when the economy was first hitting the skids. Since then, we?ve slipped into what is all but in name a recession - even though we haven't posted the required two consecutive quarters of negative growth, the revised-downward-once-already GDP Q2 growth number of a whopping 0.17 ought to convince you of that. But unemployment numbers tend to rise most on the way out of a recession, and indeed often continue to rise as a recovery gets under...