The economic news has turned mixed lately, with several indicators flashing fresh signs of stress. The sharp downshift in job creation last month is surely the most-distressing evidence that the economy has taken a turn for the worse. But it’s too soon to give up on expecting the expansion, which is two years old next month, to muddle through. True, growth has clearly slowed, but that’s not yet a guarantee that a new recession is near. Indeed, there are still some encouraging signs to review. Let’s start by stepping back and considering a broad spectrum of the economic trends.
Daily Archives: June 6, 2011
Strategic Briefing | 6.2.2011 | OPEC’s June 8 Meeting
Oil prices slide ahead of OPEC meeting
AFP | June 6
Oil prices fell on Monday as traders took profits and geared up for this week’s key OPEC meeting in Vienna… Oil had fallen sharply on Friday after publication of dismal US jobs figures for May but recovered by the end of the day for a modest loss… The 12-nation Organisation of the Petroleum Exporting Countries (OPEC) will meet Wednesday in Vienna amid growing fears that high prices could further dent faltering world economic growth and energy demand.