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economists see slower growth for u.s. than trump does


a survey of economists suggests the u.s. economy won't hit the 3% growth rate president trump hopes for until at least 2019.        






survey: economists expect slower us growth


detroit (ap) — forecasts for u.s. economic growth are coming in slightly lower after a weak first quarter, according to a survey of business economists.the national association for business economists says in a survey released monday that it’s expecting gross domestic product growth of 2.2 percent this year and 2.4 percent in 2018. those forecasts are down 0.1 percentage points from a survey in march. the survey is based on responses from 52 professional forecasters.the gross domestic product — the broadest gauge of the economy — expanded in the january-march quarter at a 1.2 percent annual rate. that was better than initially forecast, but still weak. unseasonably warm weather was one reason for the slow growth, since it limited spending on utilities.economists forecast gdp growth will ri






survey: economists expect slower us growth


detroit — forecasts for u.s. economic growth are coming in slightly lower after a weak first quarter, according to a survey of business economists released monday.the national association for business economists says it's expecting gross domestic product growth of 2.2 percent this year and 2.4 percent in 2018. those forecasts are down 0.1 percentage points from a survey in march. the survey is based on responses from 52 professional forecasters.the gross domestic product — the broadest gauge of the economy — expanded in the january-march quarter at a 1.2 percent annual rate. that was better than initially forecast, but still weak. unseasonably warm weather was one reason for the slow growth, since it limited spending on utilities.economists forecast gdp growth will rise 3.1 percent in the






survey: economists expect slower us growth


detroit (ap) — forecasts for u.s. economic growth are coming in slightly lower after a weak first quarter, according to a survey of business economists released monday.the national association for business economists says it’s expecting gross domestic product growth of 2.2 percent this year and 2.4 percent in 2018. those forecasts are down 0.1 percentage points from a survey in march. the survey is based on responses from 52 professional forecasters.the gross domestic product — the broadest gauge of the economy — expanded in the january-march quarter at a 1.2 percent annual rate. that was better than initially forecast, but still weak. unseasonably warm weather was one reason for the slow growth, since it limited spending on utilities.economists forecast gdp growth will rise 3.1 percent in






survey: economists expect slower us growth


detroit — forecasts for u.s. economic growth are coming in slightly lower after a weak first quarter, according to a survey of business economists.the national association for business economists says in a survey released monday that it's expecting gross domestic product growth of 2.2 percent this year and 2.4 percent in 2018. those forecasts are down 0.1 percentage points from a survey in march. the survey is based on responses from 52 professional forecasters.the gross domestic product — the broadest gauge of the economy — expanded in the january-march quarter at a 1.2 percent annual rate. that was better than initially forecast, but still weak. unseasonably warm weather was one reason for the slow growth, since it limited spending on utilities.economists forecast gdp growth will rise 3.






expert economists are 94 percent sure trump’s tax cuts for the rich will balloon


a panel of expert economists have agreed with 94 percent certainty that president donald trump’s tax cut plan will never spur enough economic growth to pay for itself.in a survey published this week by the university of chicago, a panel of expert economists were asked to weigh in on trump’s plan, which largely benefits businesses and people with significant investment income.treasury secretary steven mnuchin has promised that the trump administration will pay for the tax cuts “through economic growth, and through eliminating a lot of deductions.”but economists surveyed by the university of chicago said that cutting taxes has not historically spurred economic growth. in fact, there was not a single economist who claimed that there was any precedent for a tax cut paying for itself through gr






us economy to grow slower than trump pledges, survey finds


washington (ap) — u.s. economic growth is expected to accelerate this year and next, yet remain modest, even if president trump’s promised tax cuts and infrastructure spending are implemented, a survey found.the economy will grow a solid 2.3 percent this year and 2.5 percent in 2018, according to 50 economists surveyed by the national association for business economics. those rates would be up from 2016’s anemic pace of 1.6 percent.still, those rates are below the 3 percent to 4 percent growth that trump has promised to bring about through steep corporate and individual tax cuts and more spending on roads, airports and tunnels. most of the economists surveyed assume that a tax reform package will be approved by congress this year. about two-fifths expect an infrastructure spending proposal






us economy to grow slower than trump pledges, survey finds


washington (ap) — u.s. economic growth is expected to accelerate this year and next, yet remain modest, even if president trump’s promised tax cuts and infrastructure spending are implemented, a survey found.the economy will grow a solid 2.3 percent this year and 2.5 percent in 2018, according to 50 economists surveyed by the national association for business economics. those rates would be up from 2016’s anemic pace of 1.6 percent.still, those rates are below the 3 percent to 4 percent growth that trump has promised to bring about through steep corporate and individual tax cuts and more spending on roads, airports and tunnels. most of the economists surveyed assume that a tax reform package will be approved by congress this year. about two-fifths expect an infrastructure spending proposal






chinese export, import growth slow in april as rebound cools


hong kong — china has reported its exports expanded for a second straight month in april but at a slower pace while import growth also decelerated as demand cooled both at home and overseas.customs figures released monday show exports rose to $180 billion last month, up 8 percent from a year earlier. they grew 16.4 percent in march.imports rose 11.9 percent to $1.4 billion, slowing from 20.4 percent growth the previous month.both were below economists' forecasts.that left china's politically sensitive global trade surplus at $38 billion.economists said weaker commodity prices also contributed to the weaker growth in trade.






survey of economists finds optimism about growth prospects


washington (ap) — business economists are generally optimistic about the u.s. economy with most expecting stronger growth than last year’s poor performance.economists surveyed by the national association for business economics also expect improved or unchanged sales and profits at their companies in the second quarter, with most reporting no changes in hiring or investment in response to policy changes expected after the november election.nearly two-thirds of economists in the poll released monday expect gross domestic product growth of 2.1 percent to 3 percent in the next four quarters. that would be a significant improvement from anemic growth of 1.6 percent in 2016, the weakest showing in five years. since the great recession ended in june 2009, the economy has averaged annual gdp growt






survey of economists finds optimism about growth prospects


washington (ap) — business economists are generally optimistic about the u.s. economy with most expecting stronger growth than last year’s poor performance.economists surveyed by the national association for business economics also expect improved or unchanged sales and profits at their companies in the second quarter, with most reporting no changes in hiring or investment in response to policy changes expected after the november election.nearly two-thirds of economists in the poll released monday expect gross domestic product growth of 2.1 percent to 3 percent in the next four quarters. that would be a significant improvement from anemic growth of 1.6 percent in 2016, the weakest showing in five years. since the great recession ended in june 2009, the economy has averaged annual gdp growt






us services firms expanded at solid but slower pace in may


washington — u.s. services companies expanded at a slightly slower pace in may compared with the previous month, a sign that modest economic growth is likely to continue.the institute for supply management, a trade group of purchasing managers, says its services index slipped last month to 56.9 from 57.5 in april. any reading above 50 indicates expansion. sales and new orders grew more slowly, while a measure of employment showed companies stepped up hiring.growth has likely picked up in the april-june quarter after a sluggish start to the year. americans are spending a bit more, which boosts services firms, such as retailers, restaurants and hotels. economists forecast growth will reach an annual pace of 3 percent, up from just 1.2 percent in the january-march quarter.






why trump's budget plan wouldn't likely accelerate growth


washington — the trump administration’s budget plan for 2018 assumes that a mix of sharp spending and tax cuts can both shrink the deficit and fuel economic growth of 3 percent a year — a level it hasn’t achieved in more than a dozen years.most economists and budget experts dismiss that promise as fancifully unrealistic.they say there are multiple flaws with the numbers unveiled by president donald trump’s budget director, mick mulvaney. they range from improbable growth projections that appear to disregard an aging population to proposed cuts to education, research and social programs that have helped sustain the productivity of u.s. workers.there also appears to be a dubious calculation regarding how the tax cuts are counted: the plan seems to use the lower taxes championed by trump to p






us services firms expanded at solid but slower pace in may


washington (ap) — u.s. services companies expanded at a slightly slower pace in may compared with the previous month, a sign that modest economic growth is likely to continue.the institute for supply management, a trade group of purchasing managers, says its services index slipped last month to 56.9 from 57.5 in april. any reading above 50 indicates expansion. sales and new orders grew more slowly, while a measure of employment showed companies stepped up hiring.growth has likely picked up in the april-june quarter after a sluggish start to the year. americans are spending a bit more, which boosts services firms, such as retailers, restaurants and hotels. economists forecast growth will reach an annual pace of 3 percent, up from just 1.2 percent in the january-march quarter.christopher s.






why trump's budget plan wouldn't likely accelerate growth


washington — the trump administration's budget plan for 2018 assumes that a mix of sharp spending and tax cuts can both shrink the deficit and fuel economic growth of 3 percent a year — a level it hasn't achieved in more than a dozen years.most economists and budget experts dismiss that promise as fancifully unrealistic.they say there are multiple flaws with the numbers unveiled by president donald trump's budget director, mick mulvaney. they range from improbable growth projections that appear to disregard an aging population to proposed cuts to education, research and social programs that have helped sustain the productivity of u.s. workers.there also appears to be a dubious calculation regarding how the tax cuts are counted: the plan seems to use the lower taxes championed by trump to p






chinese export, import growth slow in april as rebound cools


hong kong (ap) — china’s exports expanded at a slower pace in april while import growth also decelerated as demand cooled both at home and overseas, according to data released monday.exports rose to $180 billion last month, up 8 percent from a year earlier, according to chinese customs data. they grew 16.4 percent in march.imports rose 11.9 percent to $142 billion, slowing from 20.4 percent growth the previous month.both were below forecasts by economists, who said lower commodity prices also contributed to the weaker growth in trade.most read storiesunlimited digital access. $1 for 4 weeks.economists said the latest numbers, which follow softer readings in the most recent china and u.s. factory activity indexes, indicate slowing trade momentum.“we think these may signal a softening moment






chinese export, import growth slow in april as rebound cools


hong kong — china's exports expanded at a slower pace in april while import growth also decelerated as demand cooled both at home and overseas, according to data released monday.exports rose to $180 billion last month, up 8 percent from a year earlier, according to chinese customs data. they grew 16.4 percent in march.imports rose 11.9 percent to $142 billion, slowing from 20.4 percent growth the previous month.both were below forecasts by economists, who said lower commodity prices also contributed to the weaker growth in trade.economists said the latest numbers, which follow softer readings in the most recent china and u.s. factory activity indexes, indicate slowing trade momentum."we think these may signal a softening momentum in china's export growth in the second quarter although the






can trump deliver 4% economic growth?


many economists say it's a long shot.        






trump fans say they’re confident in the economy — but they’re not buying anythin


economist paul krugman revealed in his new york timescolumn monday that the only people that are confident about the economy are republicans. even those who are confident are still not acting on it to spur economic growth. citing a series of interviews with corporate owners and ceos, krugman wondered if their economic experience was more about their feelings than actual business decisions. “were those reporting a huge increase in optimism really feeling that much better about their economic prospects, or were they simply using the survey as an opportunity to affirm the rightness of their vote?” krugman asked. “if consumers really are feeling super-confident, they’re not acting on those feelings.”the first quarter of gdp growth has revealed that the president barack obama’s longest streak o






trump's budget is unrealistic, economists say


what are the odds that the trump administration will meet its annual economic growth goal of 3 percent? to find out, a noted think tank ran 10 million different simulations to answer this question, with variables ranging from population increases to productivity improvements. the answer: the chance of reaching that level is a mere 4 percent.if that's right, achieving 3 percent gdp growth is highly unlikely, according to the analysis, which was done by the peterson institute for international economics. here's the problem that conclusion brings up: the white house's just-released budget -- which envisions a surge in fresh tax receipts and slashes domestic spending -- is predicated on hitting that 3 percent growth level. but attaining that target pace, wrote study author and petersen fellow






us factories expand again in march but at slower pace


washington — american factories expanded for the seventh straight month in march but at a slightly slower pace than they did in february.the institute for supply management says its manufacturing index slipped to 57.2 last month from 57.7 in february. but anything above 50 signals growth, and the march reading was slightly better than economists expected.new orders and production grew more slowly last month, but hiring and new export orders grew faster.seventeen of 18 manufacturing industries grew in march, led by makers of electrical equipment and appliances.american factories have bounced back after being hurt in early 2016 and late 2015 by cutbacks in the energy industry, a reaction to low oil prices and a strong dollar, which makes u.s. products costlier in foreign markets.






uk growth estimate revised down


image copyrightpathe uk's economy grew more slowly than first estimated in the first three months of the year, according to official figures.the office for national statistics (ons) now says the economy expanded by 0.2% in the quarter - slower than its original estimate of 0.3%.it said the change was due to downward revisions for growth in the uk's dominant services sector.in the last quarter of 2016, the uk economy had expanded by 0.7%.the ons now estimates that the services sector, which accounts for about 80% of the uk economy, grew by 0.2% in the first quarter of the year, down from its initial estimate of 0.3%.at the end of 2016, this sector had been growing by 0.8%.the ons noted that growth in the services industries had been "more subdued" than in recent periods, with a slowdown "in






u.s. businesses added solid 177,000 jobs in april


washington — u.s. businesses added 177,000 jobs last month, a private survey found, a solid gain that suggests the economy is still expanding despite recent signs of slower growth.april’s hiring is down from a revised 255,000 in the previous month, adp said wednesday . the figure is the lowest in six months and comes after three strong gains in adp’s data.yet the adp figure covers only businesses and doesn’t include government payrolls. it often diverges from official data. last month, the government said employers added only 98,000 jobs, far below the robust hiring in adp’s report.the report comes after other recent signs the economy has slowed. growth was just 0.7 percent at an annual rate in the first quarter, and auto sales slumped last month.most of the hiring was in services business






survey: us businesses added solid 177,000 jobs in april


washington — u.s. businesses added 177,000 jobs last month, a private survey found, a solid gain that suggests the economy is still expanding despite recent signs of slower growth.april's hiring is down from a revised 255,000 in the previous month, adp said wednesday . the figure is the lowest in six months and comes after three strong gains in adp's data.yet the adp figure covers only businesses and doesn't include government payrolls. it often diverges from official data. last month, the government said employers added only 98,000 jobs, far below the robust hiring in adp's report.the report comes after other recent signs the economy has slowed. growth was just 0.7 percent at an annual rate in the first quarter, and auto sales slumped last month.most of the hiring was in services business






u.s. job market weak in may, adding just 138,000 jobs – the denver post


washington – u.s. job growth came in below expectations in may, with employers adding just 138,000 jobs as the unemployment rate ticked down to 4.3 percent, federal economists reported friday morning.average hourly earnings were up by 2.5 percent from the previous year to $26.22.economists surveyed by bloomberg had expected an increase of 180,000 in non-farm payrolls.as the economy continues to expand and reaches a point where nearly everybody who wants a job can find one – what economists call full employment – companies should have to start raising wages to attract new workers.but although the u.s. economy has been adding jobs at a furious pace, workers still aren’t seeing very rapid wage growth.economists are divided about what exactly is causing this, said mark zandi, chief economist a






1,470 economists send trump a letter to support immigrants


washington (ap) — almost 1,500 economists have addressed a letter to president donald trump and top congressional leaders stressing the importance of immigrants for economic growth.the letter sent wednesday notes that immigrants start businesses, are clustered in math, science and engineering and can offset any economic drag from baby boomer retirements.it notes that “the benefits that immigration brings to society far outweigh their costs, and smart immigration policy could better maximize the benefits of immigration while reducing the costs.”six nobel laureates were among the 1,470 economists who signed the letter.most read stories3-course dinners for $32 starting april 2.the signees come from across the political spectrum, including austan goolsbee, an economic adviser to former preside






us economic growth weakened to 0.7 percent in first quarter


washington — the u.s. economy turned in the weakest performance in three years in the january-march quarter as consumers sharply slowed their spending. the result repeats a pattern that has characterized the recovery: lackluster beginnings to the year.the gross domestic product, the total output of goods and services, grew by just 0.7 percent in the first quarter following a gain of 2.1 percent in the fourth quarter, the commerce department reported friday.the slowdown primarily reflected slower consumer spending, which grew by just 0.3 percent after a 3.5 percent gain in the fourth quarter. it was the poorest showing in more than seven years. analysts blame in part the unusually warm winter, which meant less spending on utility bills.economists believe the slowdown will be temporary. they






us services firms expanded at solid but slower pace in may


washington (ap) — u.s. services companies expanded at a slightly slower pace in may compared with the previous month, a sign that modest economic growth is likely to continue.the institute for supply management, a trade group of purchasing managers, said monday that its services index slipped last month to 56.9 from 57.5 in april. any reading above 50 indicates expansion. sales and new orders grew more slowly, while a measure of employment showed companies stepped up hiring.growth has likely picked up in the april-june quarter after a sluggish start to the year. americans are spending a bit more, which boosts services firms, such as retailers, restaurants and hotels. economists forecast growth will reach an annual pace of 3 percent, up from just 1.2 percent in the january-march quarter.las






ahead of the bell: economy-gdp


washington (ap) — the commerce department issues its second look at the performance of the overall economy for the april-june quarter. the report will be released at 8:30 a.m. edt wednesday.what’s expected: the expectation is that the overall economy, as measured by the gross domestic product, grew at an annual rate of 2.7 percent in the second quarter, according to the consensus of economists surveyed by data firm factset.what’s the trend: the government’s first estimate of gdp in the second quarter, issued a month ago, was growth at a 2.6 percent annual rate. that was an improvement from the lackluster 1.2 percent rate in the first quarter.while the consensus view was for a slight upward boost to gdp, some private economists were even more optimistic, forecasting growth would climb to ar






u.s. economic growth weakened to 0.7% in first quarter – the denver post


washington — the u.s. economy turned in the weakest performance in three years in the january-march quarter as consumers sharply slowed their spending. the result repeats a pattern that has characterized the recovery: lackluster beginnings to the year.the gross domestic product, the total output of goods and services, grew by just 0.7 percent in the first quarter following a gain of 2.1 percent in the fourth quarter, the commerce department reported friday.the slowdown primarily reflected slower consumer spending, which grew by just 0.3 percent after a 3.5 percent gain in the fourth quarter. it was the poorest showing in more than seven years. analysts blame in part the unusually warm winter, which meant less spending on utility bills.economists believe the slowdown will be temporary. they






adp says small business hiring slows dramatically in june


new york (ap) — small business hiring slowed significantly in june, with companies adding just 17,000 jobs. that report comes from payroll provider adp, which counted the number of jobs at its small business customers.adp also revised lower its count of new jobs for april and may combined; it now says 95,000 were added, down from the 151,000 originally reported. the drop in small business hiring reflects a trend toward slower job growth at companies regardless of size.economists believe overall hiring may be weakening because the number of available workers has declined as more people have gotten jobs; the unemployment rate stood at 4.3 percent in may.the adp’s report on june employment at businesses of all sizes also showed modest growth, with 158,000 jobs added.most read storiessave over






us economic growth weakened to 0.7 percent in first quarter


washington — the u.s. economy turned in the weakest performance in three years in the january-march quarter as consumers sharply slowed their spending. the result underscores the challenge facing president donald trump in achieving his ambitious economic growth targets.the gross domestic product, the total output of goods and services, grew by just 0.7 percent in the first quarter following a gain of 2.1 percent in the fourth quarter, the commerce department reported friday.the slowdown primarily reflected slower consumer spending, which grew by just 0.3 percent after a 3.5 percent gain in the fourth quarter. it was the poorest showing in more than seven years.economists attributed the sharp slowdown in consumer spending to shrinking utility bills due to warmer weather, a drop-off in auto






consumer spending posts smallest gain in six months


washington — rising incomes and confidence haven’t accelerated consumer spending, which posted its smallest gain in six months in february, the commerce department said friday. personal consumption expenditures increased just 0.1 percent, below economists’ expectations and down from 0.2 percent in january. spending increased 0.6 percent in december. the slower spending growth came as incomes continued…






economists say trump's budget proposal doesn't add up


president trump’s inaugural budget proposal claims to eliminate the nation’s deficit in 10 years, thanks largely to faster economic growth that it projects will come from the president’s sweeping tax cuts.never mind the overly optimistic projections on economic growth. or that trump’s tax overhaul has not happened yet. even allowing for both, economists say trump’s budget still does not add up.the administration is counting on generating $2.1 trillion in additional revenue over 10 years from better economic growth. but trump’s budget proposal leaves out the cost, or the revenue lost, from the massive tax cuts. in other words, the economic gains that the administration has said it would use to pay for tax reform is apparently also being counted on to pay for deficit reduction. some people c






japan economy expands at 2.2 percent annual pace in jan-mar


tokyo (ap) — japan reports that its economy grew at a faster-than-expected 2.2 percent annual pace in january-march.economists had forecast a strong expansion in the first quarter for the world’s third-largest economy, helped by a recovery in exports and consumer spending. but most estimates had not topped 2 percent.the figures released thursday are preliminary and likely to be revised.the economy grew at a 1.2 percent pace in the last quarter of 2016.most read storiesunlimited digital access. $1 for 4 weeks.recent data suggest a weakening of corporate spending on factory equipment that may pull growth lower in the current quarter.“japan’s economy is on its longest streak of expansion in more than a decade,” marcel thieliant of capital economics said in a commentary. “however we expect a s






trump’s jobs statistics look like obama’s from 2016


the bureau of labor statistics announced friday that the u.s. economy gained more than the expected number of jobs in june — 222,000, outshining the forecasted 178,000 by economists and giving a boost to the trump administration. the growth in june, however, mirrors a similar job growth in june 2016 under the obama administration. in june…






5 tips to learn languages by reading foreign books


if you are going to read a foreign language book, get a dictionary. it won’t be much good if you skip all the words you don’t understand. underline them, find their meanings in a dictionary, write them down and learn. it is the only way foreign literature helps you improve your target language level.in case you like to read on your way to work, you need a pocket dictionary which won’t take up much space in your bag. it is practical so you can use it wherever you are.furthermore, get a notebook where you can write down all unfamiliar words. it will be easier to learn when they can all be found in one place. writing them down on different pieces of paper will only result in a mess.besides, repetition is important in the learning process. that is why a small notebook is a helpful means to rem