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Economic growth may be feeble in the 2nd half, many economists believe
Summary from United States, from articles in English
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The hoped-for second-half economic rebound is looking to be lethargic, with the country straining under high energy prices and fallout from the housing and credit debacles. (article 1)
Forty-five percent of economists in a survey say the US economy won't log any growth or will clock in at a feeble 1 percent pace in the final six months of this year. (article 1)
" Forecasters are approaching the second half with a lot of caution Ken Simonson, point person on the survey and chief economist for the Associated General Contractors of America, said in an interview. (article 2)
You have heard that Fannie and Freddie, their gentle names notwithstanding, may cripple the financial system without a large infusion of taxpayer money. (article 3)
You have gleaned that jobs are disappearing, housing prices are plummeting, and paychecks are effectively shrinking as food and energy prices soar. (article 3)
Mortgage rates around the country rose for a second straight week, with 30-year mortgages hitting the highest level since late February. (article 4)
In its weekly survey, mortgage giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.22 percent this week. (article 4)
The unemployment rate dipped to 4.4 percent, matching a five-year low, while 180,000 jobs were created, the strongest showing in three months. (article 4)
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Event tracking:
Story keywords
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percent, Prices, economy, mortgages, Growth |
Source articles
- Economists see a sluggish end to '08 (boston.com, 07/21/2008, 463 words)
- Economic growth may be feeble in the 2nd half, many economists believe (msnbc.msn.com, 07/21/2008, 726 words)
- Uncomfortable Answers to Questions on the Economy (nytimes.com, 07/19/2008, 2357 words)
- 30-Year Rate Continues to Climb (Washington Post, 07/18/2008, 471 words)
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blaster@cs.columbia.edu
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