Economy, Deflation | featured news

Bernanke says Federal Reserve ready to further stimulate the economy

Bernanke says Federal Reserve ready to further stimulate the economy

Federal Reserve Chairman Ben S. Bernanke on Friday laid out a case for the central bank to take further action to bolster growth, citing the risks of prolonged high unemployment and a U.S. economy slipping into a deflationary spiral.

 

China tops Japan as second biggest economy in Q2

China tops Japan as second biggest economy in Q2

Growth in Japan's economy slowed to a crawl in the second quarter and analysts see more weakness ahead, adding to policymakers' headaches as they grapple with deflation and a rise in the yen that threatens an export-reliant recovery.

Senh: I'm not sure what I should be more impressed with - that China has finally became the second largest economy in the world or that a tiny country like Japan was previously in second place. I guess I'm equally impressed.

 

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