Swiss Re Ltd., the world’s second- biggest reinsurer, said the role of the insurance industry in Italy will grow as the government cuts spending on social benefits.
Federal Reserve policy makers are almost certain to fulfill their plan to buy $600 billion in Treasuries, a survey of economists shows. How they finish the purchases and what they do next is a matter of disagreement.
Swiss Reinsurance Co. , the world’s second-biggest reinsurer, said the economic recovery may be “derailed” by a deterioration in Europe’s debt crisis.
Americans spent at the fastest pace in three years during the first quarter, indicating they are becoming less dependent on government stimulus that’s waning as the world’s largest economy recovers.
Global financial strains, government fiscal austerity and a lack of jobs will hurt U.S. growth over the next couple of years, according to economists surveyed this month by Bloomberg News.
Payrolls dropped in 34 U.S. states in September, led by California and New York, showing job losses were dispersed throughout the country.
Canadian government bond yields are rising past long-term barriers, indicating further losses may be in store as investors favor stocks amid U.S. stimulus measures, trading patterns show.
The U.S. economy grew in the third quarter at the fastest pace in a year as Americans reduced savings to boost purchases and companies stepped up investment in equipment and software.
The value of goods and services produced in the U.S. surpassed its pre-recession level after 15 quarters, taking three times longer than the average for 10 previous recoveries since World War II.
Employment probably picked up in March and factory assembly lines kept humming, showing that the jump in fuel costs has yet to hamper the U.S. expansion, economists said before reports this week.
"The financial crisis has resulted in fiscal tightening and spending cuts which are accelerating the reduction and rebalancing of the welfare system in Italy, leaving a significant protection gap not only in health care and old-age provision, but also in natural catastrophe coverage."
- Kurt Karl on Aug 27, 2012
Swiss Re’s Karl Says Deficits Threaten Global Growth