Davos ends with recovery warning
(ChinaPost.com.tw) – The world economy is recovering but remains fragile and dogged by huge deficits, top officials said Saturday at the end of a Davos summit clouded by divisions over banking reform.
Davos 40th birthday clouded by banks row, recovery doubts
(ChinaPost.com.tw) – Here is a summary of the main talking points at the 40th anniversary World Economic Forum (WEF) meeting in the Swiss ski resort of Davos, which ended Saturday.
Help wanted to sustain the recovery
WASHINGTON (Reuters) – The economic recovery is suddenly looking more robust. If it is going to stay that way, the labor market will need to catch up soon.
Davos forum ends with no agreement on jobs
The world’s foremost gathering of business and government leaders wrapped up a five-day meeting Sunday with widespread agreement that a fragile recovery is under way.
Business – Davos – Government – Employment – Central America
ECRI: Recovery to Keep Going
The Pragmatic Capitalist submits: The ECRI’s leading indicator is undeterred despite the recent market swoon. Their weekly leading indicator continues to point to recovery. The ECRI said its leading index rose to 131.4 versus last week&rsquo…
How Is This Supposed to Be Good Policy?
Brad DeLong submits: There is about a 30% chance that the U.S. economy is about to start growing rapidly, with unemployment declining by a percentage point or two each year. There is about a 40% chance that we are about to start a recovery like or a…
Wages, benefits up a bit more at year end
Wages and benefits paid to U.S. workers posted a modest gain in the fourth quarter, ending a year in which recession-battered workers saw their compensation rise by the smallest amount on records going back more than a quarter-century. The anemic ga…
Policymakers see growth reviving, still fragile
DAVOS, Switzerland (Reuters) – World economic growth may be springing back faster than expected but recovery remains fragile and a better balance is needed between exporting and importing nations, top policymakers said on Saturday.
Indian travellers seeking cheaper flights, hotels
Indian travellers are looking for low cost air travel options and cheap hotel rooms as the domestic tourism industry starts to pick up in the wake of the ongoing economic recovery.
Toyota chief apologizes for huge recall
TOKYO (Reuters) – Toyota Motor Corp President Akio Toyoda apologized for the recall of millions of vehicles around the world, Japanese broadcaster NHK reported, as the deepening recall crisis threatened to further damage its sales and delay an earnings…