Word: economisters
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...sinking faster than most experts thought a month ago. Just this week, Germany's three-year job boom came to a screeching halt when the labor office reported that in December unemployment rose by a seasonally adjusted 18,000, nearly twice the level predicted in a poll of 30 economists by the news agency Bloomberg. It was the first increase in joblessness since February 2006. "The economic crisis has reached the labor market," said Frank-Juergen Weise, head of the Labor Agency. On Thursday, the government reported that German exports, the main driver of the country's economy, plunged...
...Every recession sows the seeds for its own recovery," says Ford economist Emily Kulinski-Morris. "Sales are actually below the natural replacement [rate], so there is pent up demand for new vehicles," she notes. That, of course, assumes American drivers don't grow complacent with their clunkers...
...answer will depend on how demand in China holds up over the next few months. But even if growth slows further, most of the biggest players in shipping are likely to survive. According to Oliviero Baccelli, a transportation economist at Bocconi University in Milan, that's because shippers have cut costs far faster and deeper than many of their counterparts in other industries. Shipping also enjoys a certain stability during tough times thanks to the enduring presence of family-run companies, and gradual consolidation over the past couple of decades has winnowed out the weak. "You have families who have...
...critic of the E.U. for years and says the Czech presidency is an insignificant event. He regularly criticizes major E.U. policies, has refused to sign the Lisbon Treaty and dismisses E.U. climate-change legislation as a "silly luxury" that will exacerbate the international financial crisis. A 67-year-old economist who helped build the Czechs' postcommunist democracy, Klaus likens bank bailouts to "old socialism...
...Frank Badillo, an economist at TNS Retail Forward, had projected December sales at some stores to rise slightly, by 1.5%, from the previous year. Now, he expects sales to rise only between .5% and 1%. "In some ways," he says, "the current situation is even worse than...