Economy in Brief: November 2008

German GDP drops -German GDP drops by 2.1% saar in 2008-Q3. As has been the case in Germany for sometime, the Bundesbank continues to blame the thrust of events on outside forces. Germany's Bundesbank said that the global growth [...]

To start Fiscal Year 2009, the U.S. government's budget deficit for October reflected the duel of effects from a U.S. recession and the War in Iraq.The monthly deficit jumped to $237.2B, more than four times last year's deficit of [...]

The weakening job market pushed initial claims for jobless insurance above 500,000 for the first time since they were briefly there; late during the recession of 2001 and just after the 9/11 terrorist attacks. At 516,000, claims rose [...]

The U.S. foreign trade deficit narrowed in September somewhat more than expected. At $56.5B versus an unrevised $59.1B during August, the deficit was its smallest since last October. So far this year the monthly trade deficit has [...]

The U.S. foreign trade deficit narrowed in September somewhat more than expected. At $56.5B versus an unrevised $59.1B during August, the deficit was its smallest since last October. So far this year the monthly trade deficit has [...]

Euro Area industrial output (IP) fell sharply in October dropping by its largest amount in over five years. In Sept MFG IP is dropping across all major product groupings just as it did in August and nearly did so in July. In the EMU [...]

Weakening economic growth in the U.S. as well as in other industrial countries has sapped what had been, until early this past summer, pronounced strength in commodity prices. Since then, copper prices, corn prices, crude oil and [...]

Weakening economic growth in the U.S. as well as in other industrial countries has sapped what had been, until early this past summer, pronounced strength in commodity prices. Since then, copper prices, corn prices, crude oil and [...]