GDP

S&P raises China’s debt rating

Capital inflows to emerging market economies poses risks in the future
Standard & Poor’s upgraded its long-term foreign and local currency sovereign credit ratings on the People’s Republic of China to ‘AA-’ (its fourth-highest ranking) from ‘A+’.

Top political and economic risks for Asia next year

Japan's Foreign Minister Seiji Maehara (L) meets with China's Foreign Minister Yang Jiechi in Hanoi
The Asia-Pacific region will continue to be the fastest-growing region of the world in 2011, according to a forecast by IHS Global Insight. However, the report says the region faces significant risks in the backdrop of the fragile state of some of the largest economies in the world, the raging sovereign debt crisis in the European Union and 'deep-seated structural problems facing Japan.
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Nouriel Roubini, New York University Professor of Economics and co-founder and chairman of Roubini Global Economics.

What Roubini predicts for major global economies in 2011

Roubini Global Economics (RGE) has predicted that global economy's growth next year will be marginally weaker than this year, with eurozone holding the biggest risk to global growth, and that the U.S. will not emerge any time soon from the worst unemployment crisis it has faced in decades.
A worker wipes a crane in Tokyo on Dec. 8, 2010.

Tankan survey shows Japan’s recovery is fading

The Bank of Japan's Tankan business survey showed on Wednesday business confidence among large manufacturers dropped in December, the first decline in seven quarters, and that the prognosis going forward was gloomier.
Britain's Prime Minister David Cameron speaks to India's Trade Minister Anand Sharma during their meeting at number 10 Downing Street in London

What exactly is an emerging market anyway?

Some of the so-called emerging markets have advanced to a point where they might be considered “developed” -- or not, depending on one’s views and criteria. Further complicating this picture is the arrival of “frontier” markets – countries even less developed than the emerging markets, but boasting even greater long-term growth potential.
A worker welds steel pipes at a factory in Suining

Why the Chinese save so much

The rise in income uncertainty and the 1997 pension reform measures have been largely responsible for the recent rise in China's savings rate. Other factors include health care costs and astronomical real estate prices.
Holiday shoppers browse Macy's department store in New York City

US retail sales rose in November

U.S. retail sales continued to rise in November for the fifth month, boosted by holiday shopping as well as fuel prices, the U.S. Commerce Department said.
A photographer takes a picture of a Chevy Malibu hybrid car on display on West Executive Drive at the White House in Washington April 22, 2009.

Push to make R&D credit permanent

As Congress considers a broad tax deal proposed by President Barack Obama and Republicans, high tech and manufacturing businesses are particularly favorable to a provision that would extend research and development tax credits.
Analysis: China to world: yuan is for trade, not investment

Who wins if Yuan is significantly revalued?

China has stubbornly refused to cede to U.S demands to let the yuan rise against the dollar. The question is, among the US and China who will gain and who will lose if China ever agreed to appreciate its currency?
U.S. President Barack Obama meets with China's President Hu as part of the G20 Summit in Seoul

The economic advantages of dictatorship

Dictatorships are faster and more efficient than democracies, which can be bogged down by long-drawn out debates among deeply polarized political parties who can't seem to agree on anything.
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US consumer sentiment up in December: Survey

Consumer sentiment in the U.S. rose more than expected during December, and an index of current conditions touched its highest level since January 2008, the Thomson Reuters/ University of Michigan Survey said.

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