Russian Economy May Fall From World’s Top Ten

Russia is the world's seventh largest economy based on gross domestic product (GDP). The CIA World Factbook puts its GDP for 2013 at $2.55 trillion. An even modest contraction would ...
Read Full Story »

The Ukrainian Economy by the Numbers

What does Ukraine's economy look like as it goes through a period of government change and a partial invasion by Russia? Ukraine faces a default on some of its sovereign ...
Read Full Story »

Chicago PMI and Consumer Sentiment Trigger Stock Market Rally to All-Time High

Friday's economic reports should not have made much of a dent, nor should they have created much of a bump in the stock market. Gross domestic product (GDP) was a ...
Read Full Story »
home building

Weak GDP Gets Weaker in Revision

Friday's key economic report was the first revision to fourth-quarter gross domestic product (GDP). The Commerce Department's numbers were expected to be revised down, and they were revised slightly more ...
Read Full Story »

Durable Goods Better Than Headline Data Suggests

The Commerce Department's reading on durable goods is one of the most volatile economic reports issued each month. Then there is the notion that weather in much of the Midwest ...
Read Full Story »

Could California Drought Hurt U.S. Economy?

California has come back from the Great Recession that drove its unemployment to one of the highest among the states. Buoyed by the rise of new technology companies and a ...
Read Full Story »

GDP Growth May Be Better Than the 3.2% Report Looks

The Commerce Department's report on gross domestic product (GDP) has been released for the fourth quarter of 2013. The headline shows growth of 3.2%, which met the Dow Jones estimate ...
Read Full Story »

Durable Goods So Weak They Changed the Name to Dismal Goods

Tuesday's top economic report was the durable goods report for December, and unfortunately it is a very ugly number. The headline durable goods report from the Commerce Department was negative ...
Read Full Story »
global economy

IMF Boosts U.S. and Global Growth Forecasts, Warns of Inflation Risk

The global economy will expand at 3.7% this year, the International Monetary Fund (IMF) forecast in its latest World Economic Outlook, released Tuesday. That is up from a 3.6% forecast ...
Read Full Story »
Old Palace in Kabul

World Unemployment Level Reaches More Than 200 Million

If the global economic recovery has left some things behind, the most important is probably job creation. In 2013, 202 million people were unemployed worldwide, up five million from 2012. ...
Read Full Story »

As China Economy Growth Slows, U.S. Strengthens Grip as Top Economy

Depending on which of the world's global agencies (the International Monetary Funds or the World Bank) does the measurement, the U.S. gross domestic product (GDP) is about $16.5 trillion to ...
Read Full Story »

Extreme Cold to Deal Blow to Economy

Hurricanes, floods, heat waves and snow storms. Any can be powerful enough or widespread enough to actually chip a piece of U.S. GDP improvement in a given quarter. With two-thirds ...
Read Full Story »

U.S. GDP: Boom!

The U.S. Census Bureau reported Friday morning that its third estimate of third-quarter U.S. gross domestic product (GDP) rose at an annual rate of 4.1%. That was sharply higher than ...
Read Full Story »
Chinese flag

Ten Countries Where Salaries Are Soaring

Next year, U.S. wages will increase by about 1.5% after adjusting for inflation, according to ECA International estimates. In some parts of the world, wages will grow at double this ...
Read Full Story »

Merrill Lynch Issues 2014 Economic Outlook: Calmer Seas Ahead

It is that time of the year again when Wall Street starts issuing its forecasts for the coming year. We have seen the 2014 outlook from Merrill Lynch this Monday ...
Read Full Story »