Nigel Gault News
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Orders placed with U.S. factories increased in February, boosted by a pickup in demand for motor vehicles and commercial aircraft.
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Consumer spending probably increased in February by the most in five months as incomes rebounded, providing a kick for the U.S. economy at the start of the year, economists project a report to show this week.
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The Obama administration’s latest economic proposals of infrastructure spending and tax relief for businesses will take time to bring down the unemployment rate , said Nigel Gault , chief economist at IHS Global Insight in Lexington, Massachusetts.
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The “R” word that economists were using after yesterday’s news that U.S. gross domestic product contracted in the fourth quarter was rebound, not recession.
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To listen to President Barack Obama, the recession is either a current condition or a historical event.
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Atlantic superstorm Sandy may cut U.S. economic growth as it keeps millions of employees away from work and shuts businesses from restaurants to refineries in one of the nation’s most populated and productive regions.
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John Lutz is following the debate in Washington over the so-called fiscal cliff with more than academic interest.
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Orders for business equipment such as computers and communications gear stalled in September, signaling a slowdown in investment that may curb U.S. economic growth.
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Companies in the U.S. are relying on existing workers and temporary employees instead of hiring, helping to explain why payrolls grew less than forecast in June.
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Mitt Romney routinely asks voters whether they’re better off than they were four years ago. He’d be better off asking another question: What has the president done for you lately?
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