Advertisement
YOU ARE HERE: LAT HomeCollectionsGlobal Economy
IN THE NEWS

Global Economy

FEATURED ARTICLES
BUSINESS
January 21, 2014 | By Don Lee
WASHINGTON -- The global economy is gaining momentum and should post its best growth in three years, thanks largely to a strengthening U.S. economy, says the International Monetary Fund. Joining others such as the World Bank that have recently upgraded forecasts for global growth, the IMF's latest outlook, issued Tuesday, projects the U.S. economy expanding at a healthy 2.8% rate this year. That's up from an estimated 1.9% growth pace in 2013 and 0.2 percentage point higher than its last forecast in October.
ARTICLES BY DATE
CALIFORNIA | LOCAL
January 25, 2014 | By Dan Weikel
Bolstered by an improving economy, Los Angeles International Airport handled more than 17.8 million foreign travelers in 2013, a record for the West Coast gateway that struggled for years to recover that portion of its market. The previous peak for the nation's third-busiest airport was about 17.5 million international passengers in 2005, but a global economic slowdown triggered a steep decline in air travel and hampered further growth. Gina Marie Lindsey, executive director of Los Angeles World Airports, the operator of LAX that announced the passenger figures, attributed the record to an improving worldwide economy, especially in Asia, and a modest strengthening of the Southern California economy.
Advertisement
CALIFORNIA | LOCAL
February 13, 1996
Who would have thought that the euphemism for the dreaded "one-world government" would be "the global economy." PHIL V. BITTLE San Gabriel
BUSINESS
January 21, 2014 | By Don Lee
WASHINGTON -- The global economy is gaining momentum and should post its best growth in three years, thanks largely to a strengthening U.S. economy, says the International Monetary Fund. Joining others such as the World Bank that have recently upgraded forecasts for global growth, the IMF's latest outlook, issued Tuesday, projects the U.S. economy expanding at a healthy 2.8% rate this year. That's up from an estimated 1.9% growth pace in 2013 and 0.2 percentage point higher than its last forecast in October.
BUSINESS
December 21, 2012 | By Tiffany Hsu
Looking for evidence of China's economic prowess, Europe's malaise and consumer ennui in the U.S.? Use the international restaurant industry as a barometer, according to a report this week. China's economy, coming off a period of blistering growth, is expanding at its slowest rate in years. But the Asian superpower is still projected to account for 40% of this year's global growth, according to the World Bank. That increase is evident in China's restaurants, according to research firm NPD Group.
BUSINESS
April 25, 2009 | Bloomberg News
Treasury Secretary Timothy F. Geithner said Friday that the contraction in the global economy might have eased and some financial markets were showing signs of improvement. "Without underestimating the challenges we see, there are signs that the pace of deterioration in economic activity and trade flows has eased," Geithner said after a meeting of Group of 7 finance ministers and central bankers in Washington.
BUSINESS
January 15, 2014 | By Jim Puzzanghera
WASHINGTON -- The global economy is at a turning point this year as it shows signs of strengthening, with the U.S. and other developed countries expected to see stronger growth, the World Bank said. "Most of the acceleration is expected to come from high-income countries, as the drag on growth from fiscal consolidation and policy uncertainty eases and private sector recoveries gain firmer footing," the organization said in its latest Global Economic Prospects report, released Tuesday.
ENTERTAINMENT
December 3, 2013 | By Meg James
The improving global economy has given media executives confidence for fiscal improvement in 2014 -- a year that could be punctuated by mergers and acquisitions in the media and entertainment sectors, according to a new report. Consulting firm Ernst & Young on Tuesday released its 9th Capital Confidence Barometer for the media and entertainment industry. The report -- a survey of senior executives of large media companies -- is intended to glean corporate concerns and boardroom trends.
OPINION
October 11, 2013 | By J. Peter Pham
The Tom Hanks movie "Captain Phillips," which opens Friday, will focus attention - again - on piracy off the coast of Somalia. The movie, in which (spoiler alert) the bad guys get caught, unfortunately might lead you to think that this is a problem that's been solved. After all, since the April 2009 seizure of the cargo ship Maersk Alabama, recounted in "Captain Phillips," there has been only one hijacking of a U.S.-flagged vessel by Somali pirates, the February 2011 seizure of a U.S. yacht in which the Americans were killed.
WORLD
September 6, 2013 | By Don Lee
ST. PETERSBURG, Russia -- There's been a lot of passionate talk and chatter here among G-20 leaders, but it seems to have been mostly about the conflict in Syria and whether they were willing to back President Obama's call for a military strike on the Syrian regime. Indeed, this year's G-20 meeting, which wasn't expected to produce a lot of concrete commitments in the first place, is likely to be remembered as the summit on Syria. Yet there's been no breakthrough on the Syria question, and neither were the leaders of the Group of 20 major economies likely to agree on a lot of new substantive actions or statements to strengthen the global economy, the group's main purpose.
BUSINESS
September 6, 2013 | By Don Lee
ST. PETERSBURG, Russia - After two days of summit meetings here, President Obama and other world leaders signed a lengthy declaration of prescriptions for the global economy, including pledges that placed a renewed emphasis on creating jobs as opposed to curbing deficits. The so-called Group of 20 major economies also took further steps to crack down on multinational companies that avoid paying taxes. The 27-page joint statement from the G-20, which concluded its meetings Friday, underscored the shifting momentum in growth toward the U.S. and other advanced economies.
BUSINESS
September 3, 2013 | By Jim Puzzanghera
WASHINGTON -- Growth picked up in the second quarter in the U.S., Europe and other major advanced economies but has slowed in China and other key emerging nations, which will lead to sluggish global output, the Organization for Economic Development and Cooperation said Tuesday. Concerns about a pullback on stimulus efforts by the Federal Reserve has triggered financial market turbulence in emerging economies such as India and Indonesia and fueled currency depreciation and an outflow of capital because of rising borrowing costs, the group said in a new report .  Consequently, the boost that emerging nations have given to the global economy will be reduced in coming months and growth will be uneven, the report said.
BUSINESS
August 21, 2013 | By David Lazarus
Edward is a bit flummoxed by the notion of "securitized" mortgages. That's when lots of people's mortgages are bundled together and sold to investors. Is that legal? Moreover, Edward wants to know if the practice contributes to housing bubbles. These are fair questions. Securitized mortgages are one reason the global economy got knocked for a loop during the Great Recession. Once the housing market started collapsing, it threatened to take Wall Street with it. ASK LAZ: Smart answers to consumer questions The answers depend on your point of view.
BUSINESS
May 29, 2013 | By Jim Puzzanghera
WASHINGTON -- The global economic recovery remains weak and growth this year will be lower than projected six months ago but will pick up in 2014, the Organization for Economic Cooperation and Development said Wednesday. World economic output is expected to increase 3.1% this year, down from a forecast of 3.4% in November, according to the group's semi-annual Economic Outlook report. The forecast for growth in the U.S. also was downgraded, to 1.8% in the latest report from 2% six months ago. QUIZ: How much do you know about sequestration?
Los Angeles Times Articles
|