A U.S. government report released Friday shows that output in the U.S. economy fell at a faster pace in the October to December quarter than previously reported. Gross domestic product fell at more than a six percent rate. Hand-lettered sign stands...
President Barack Obama says he will be held accountable for turning around the nation's ailing economy, and making sure that federal funds used to rescue financial institutions and spur growth are well spent. President Barack Obama talks to reporter...
After five years of runaway growth, India's economy is slowing down, as the global financial crisis begins to take a toll on emerging economies. The economic meltdown is affecting everyone - from young people waiting to enter the work force, to inve...
The Global Financial Crisis will take center stage at the annual World Economic Forum in Davos, Switzerland. More than 2,500 participants from 96 countries will convene in this small Alpine village from January 28 to February 1 to search for ways to...
World markets were mixed Tuesday amid confirmation that the U.S. economy shrank in the third quarter of the year. The Bush administration says it believes fourth quarter numbers will be even worse. The U.S. Commerce Department says the U.S. economy...
New government figures show a rise in U.S. unemployment last month, with U.S. employers cutting some 533,000 jobs - the most in 34 years. President George Bush says his administration is taking action to help strengthen the economy. Professional rec...
The British government presented its legislative agenda to parliament Wednesday, and dealing with the financial crisis and stabilizing the economy are the top priorities. It's the government's program, but, as every year, it is Queen Elizabeth II, w...
How much will it cost to spend the U.S. economy back to health? And who will pay the bill? VOA's Kent Klein in Washington asked economists for their insights on those questions. The U.S. government is spending an unprecedented amount of money to res...
World markets were mostly lower, amid news that Japan is the latest nation to slip into recession and projections of continued negative economic growth and higher unemployment in the United States. From Washington, VOA's Michael Bowman reports. Pede...
A new report says the German economy shrank half a percent in July, August and September, which was the second straight quarter of decline. Falling exports are blamed for the contraction. A separate report from the Organization for Economic Cooperat...