Economy, Economic Growth | featured news

President Barack Obama said Saturday that reports the economy is growing again and that more than 1 million jobs were saved or created by his stimulus plan show "we are moving in the right direction."

The government reported that output of goods and services grew at a 3.5 percent annual rate, which was faster than expected. But it will be months before job-seekers feel the benefits.

Beijing has spent its way to a sugar high. Since last November, Beijing has spent perhaps as much as $900 billion--from its own funds as well as those of the larger state banks--to jump start its $4.3 trillion economy. No government can disburse that amount of cash without creating some economic activity.

The U.S. economy will grow more than expected in the third quarter, but unemployment also will continue to increase and will pass 10 percent, former Federal Reserve Chairman Alan Greenspan said Sunday.

Ben S. Bernanke offered his most hopeful assessment of the economic situation in more than a year.

The country's return to growth is a strong signal that a corner has been turned in the global crisis.

India’s next government will try to balance economic growth with need to address the anxieties of the poor.