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NEW YORK: More plans to build homes, higher stock prices and fewer people filing first-time claims for jobless aid sent a private-sector forecast of U.S. economic activity higher than expected in June.
WASHINGTON: The Federal Reserve expects the U.S. economy this year will sink at a slower pace than it previously thought, but that unemployment will top 10 percent and remain high for the next few years, according to a new forecast released Wednesday.
WELLINGTON: New Zealand's economy is on track to begin growing before year's end but the recovery from recession is likely to be slow, the nation's central bank chief said Wednesday.
WASHINGTON: Evidence is piling up that the worst part of the recession has ended. But that doesn't mean the pain is over.
A NEW survey by the Association of Chartered Certified Accountants (ACCA) shows that finance professionals are forecasting a slow recovery in the world economy.