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Economic Indicators


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Dow loses 679.95 as economy, Bernanke revive fear

NEW YORK, Dec. 1, 2008 (Reuters) — Stocks tumbled on Monday as signs of a deepening economic slump around the world erased much of last week's sharp gains, with banks and retailers among Wall Street's biggest casualties. ...  > full story

U.S. in recession, Europe backs spending hikes

WASHINGTON, Dec. 1, 2008 (Reuters) — The U.S. economy has been in a recession for a year, the nation's business cycle arbiter declared on Monday, while European leaders vowed to step up public spending to try to cushion a deepening downturn. ...  > full story

Oil drops 9 percent to $49 as OPEC defers cuts

NEW YORK, Dec. 1, 2008 (Reuters) — Oil plunged more than 9 percent to $49 a barrel on Monday after OPEC deferred a decision on new supply cuts at a meeting over the weekend. ...  > full story

House to push $500 billion stimulus bill

WASHINGTON, Dec. 1, 2008 (Reuters) — U.S. House of Representatives Speaker Nancy Pelosi met leading governors on Monday to discuss the size and shape of an economic stimulus package that one Democratic aide said was likely to cost around $500 billion. ...  > full story

Consumers cut spending

NEW YORK, Nov. 26, 2008 (Reuters) — Housing, consumer spending and business investment all weakened sharply last month as the dizzying downward spiral of the world's largest economy gathered speed, data showed on Wednesday. ...  > full story

Economy shrinks at fastest pace in seven years

WASHINGTON, Nov. 25, 2008 (Reuters) — The U.S. economy contracted at its fastest pace in seven years in the third quarter as consumer spending plunged to a 28-year low, data showed on Tuesday, raising the specter of a deeper recession. ...  > full story

Economy contracting, slow recovery seen: OECD

WASHINGTON, Nov. 25, 2008 (Reuters) — The economy has probably slipped into a recession that will last through the middle of 2009, and recovery will be slow as consumers cut spending to rebuild lost wealth, the OECD said on Tuesday. ...  > full story

Shares fall in Europe and yen rallies broadly

LONDON, Nov. 25, 2008 (Reuters) — European stocks fell more than 1 percent on Tuesday and the low-yielding yen rose broadly as euphoria surrounding the U.S. rescue of Citigroup gave way to concerns about sharply deteriorating major economies. ...  > full story

Pelosi says Congress could back huge stimulus plan

WASHINGTON, Nov. 23, 2008 (Reuters) — Speaker of the U.S. House of Representatives Nancy Pelosi said on Sunday that Congress could put together an economic stimulus package of several hundred billion dollars that should also contain tax cuts. ...  > full story

Bush signs law extending unemployment insurance

WASHINGTON, Nov. 21, 2008 (Reuters) — President George W. Bush on Friday signed into law an extension of unemployment benefits, the White House said. ...  > full story
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