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30-Year Mortgage Rates Remain Low for Second Week

added: 02-04-2009

The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for thirty-year mortgages remained relatively steady for the second consecutive week at 5.09 percent, up slightly from 5.06 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate Web site Zillow.com®.

As Global Economy Deteriorates, World Bank Predicts Sharply Slower Growth in Developing World In 2009

added: 01-04-2009

GDP growth in the developing world will slow to a projected 2.1 percent in 2009 from 5.8 percent in 2008, according to World Bank estimates. The Bank has more than halved its November 2008 projection of 4.4 percent growth in developing countries in 2009, reflecting the rapid deterioration of global financial and economic conditions.

Massive Rise in Unemployment Needs Fast, Decisive Response, says OECD’s Gurria

added: 01-04-2009

Crisis Hurting Developing World, G-20 Must Restore Confidence

added: 01-04-2009

World Bank Group President Robert B. Zoellick said there would be a sharp slowdown in economic growth in the developing world this year, putting more poor people at risk, and the Group of 20 must not shrink from combining ideas and actions to restore confidence in the world economy.

GDP to Plummet 4.3 Percent Across OECD Countries in 2009 as Unemployment Climbs Sharply

added: 01-04-2009

Economic activity is expected to plummet by an average 4.3 percent in the OECD area in 2009 while by the end of 2010 unemployment rates in many countries will reach double figures for the first time since the early 1990s, according to the OECD’s Economic Outlook Interim Report.

World Bank Supports Refocusing Anti-Crisis Policy On Households In Russia

added: 01-04-2009

Russia is better positioned to weather the worldwide recession than many countries given its prudent fiscal policies, and should now focus increasingly on protecting poor and vulnerable people as growth decelerates more rapidly than expected, according to the Russian Economic Report 18.

Development Aid at its Highest Level Ever in 2008

added: 01-04-2009

In 2008, total net official development assistance (ODA) from members of the OECD’s Development Assistance Committee (DAC) rose by 10.2% in real terms to USD 119.8 billion. This is the highest dollar figure ever recorded. It represents 0.30% of members’ combined gross national income.

Americans Continue to Decrease Spending on Entertainment and Eating Out

added: 31-03-2009

The Obama Administration is focused on trying to stimulate the economy and is actively encouraging spending. Americans, however, are not that inclined to spend and are still decreasing the amount they will be spending on eating out and entertainment.

China: Economic Expansion Will Slow, Rebalancing Key to PRC's Future Growth Prospects

added: 31-03-2009

Economic expansion in the People's Republic of China (PRC) will slow to 7% in 2009, but decisive action by the government to support faltering growth through expansionary fiscal and monetary policies should allow the economy to recover to 8% in 2010, says the Asian Development Bank (ADB) in a major new report.

Public Favors 36% Cap On Consumer Loans

added: 31-03-2009

A CRL survey published today finds high levels of support for an annual interest rate cap on consumer loans of no higher than 36 percent. Three out of four Americans with an opinion think that Congress should cap interest rates at some level, and 72 percent think that level should be no higher than 36 percent.

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