by Mark Thoma, University of Oregon (Department of Economics)

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FRB Dallas: International Economic Update

Posted on August 12, 2008

Enrique Martinez-Garcia and Janet Koech of the Dallas Fed give the outlook for the international economy:Challenging Times..., International Economic Update, by Enrique Martinez-Garcia and Janet Koech, FRB Dallas: Weakening Growth Global economic activity continues to expand, but at a slower pace (Chart 1). Sluggish growth in the advanced economies is expected to continue at least until the first half of 2009. The rapid growth in the emerging markets is likely to soften.According to advance estimates released by the Bureau of Economic Analysis, U.S. real GDP growth was 1.9 percent in the secon...

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commodity , currencies , deficit , economy , euro , exchange rate , fed , gdp , housing , housing sector , inflation , interest rates , oil