Straining at the seams
Article Abstract:
The US economy has achieved low inflation and strong economic growth, but is under pressure due to a tight labor market which appears to be leading to higher wage costs. Consumer and producer prices do not show evidence of inflation, but interest rates may be raised. Interest rates take effect after a time lag, so decisions to raise rates are linked to forecasts for future inflation. Firmer commodity prices, higher petroleum prices, and a drop in the value of the US dollar may also lead to inflationary pressure. There are uncertainties related to the stock market, and how it will react to higher interest rates.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
A spanner in the productivity miracle
Article Abstract:
Revised figures on US productivity show that the US 'new economy' is not as strong as many believe. Productivity growth for the five years to 2000 has been cut to 2.5%, and even this has been exaggerated by several factors.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Turning bookworms into geeks. Return of the prophet: Oracle. The property of the mind
- Abstracts: My night at the opera. The vision thing. Full speed ahead: Northern Ireland
- Abstracts: Flash of the Titans: astronomy. A moon in the affairs of tide
- Abstracts: In tune with the weather. Touch entry technology update. Display platform
- Abstracts: Civil traffic accelerates. Intermodal video