Economy, Economic Growth | featured news

Second-quarter economic growth was revised to an anemic 1.6%, a decline that was slightly less than many economists had predicted. But the report was a sobering cap to a week of bad economic news that has raised fears the nation could plunge into another recession.

President Barack Obama defended his signature Race to the Top education plan before an audience that included critics who say some of his policies may short change low-income and minority ...

On Friday, the government will offer crucial evidence when it reports on second-quarter economic growth. This will be the first in a series of indicators in the coming weeks that could help answer whether the economy has achieved cruising speed, in particular whether the private sector is growing fast enough to put unemployed Americans back to work. Forecasters are expecting that gross domestic product rose at a rate of 2 to 2.5 percent rate in the April-through-June quarter, which would be too slow to drive down the jobless rate.

Economists forecast the pace of U.S. growth will pick up in the year ahead as consumers and businesses accelerate spending, according to a new survey.

The burst of energy the economy showed at the end of last year isn't likely to be repeated anytime soon.

Prime Minister Wen Jiabao said that China could expand social spending and pour money into strategic industries while still meeting its 8 percent economic growth target.

Retail sales posted a better-than-expected increase in January, a welcome development that could mean stronger economic growth in coming months.

At the end of last year, the economy likely grew for the second straight quarter - possibly at the fastest pace in nearly four years....

India's economic growth surged in the third quarter at a much faster pace than expected, increasing odds that the central bank will raise interest rates to head off inflation.

Bernanke said the U.S. economy will continue to grow in 2010 and the underlying strength of the world's largest economy will help ensure the dollar stays firm.