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A top panel of economists has further slashed its forecast for US economic growth this year, saying the threat of war with Iraq is dampening consumer spending and business activity.
Stocks closed slightly higher on Friday, as a March 17 deadline for Iraq to meet disarmament demands or face war fed investor hopes for resolution to a crisis that has depressed markets for months.
The outlook for global industry is subdued at best with manufacturing surveys from the United States, Europe and Japan showing either the barest evidence of growth or outright contraction.
SINGAPORE#8217;S export-driven economy grew a slim 0.4% in the fourth quarter of 2002, led by strong factory output which helped the city-state narrowly avoid recession.
Concern about the economic effects of a possible war with Iraq has led a top-notch panel of forecasters to trim its outlook for US growth during 2003.
A cloud of uncertainty from the prospect of a US war with Iraq is casting a dark shadow on the world#8217;s richest economy, which entered the new year with a worrying lack of momentum.
OUTSOURCING in Malaysia has advanced roughly midway between buzzword status and accepted business practice.
IT#8217;S going to get worse before it gets better for job-seekers.
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