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Credit storm sinking global trade
International trade flourished in the booming global economy. But just as the rising tide of global trade lifted all ships, the worldwide recession has forced some governments to finance the trade that private enterprise had funded in more prosperous times.
International trade: a larger piece of the U.S. economic pie
Accounting for nearly a third of domestic economic activity, imports and exports have become key ingredients of U.S. prosperity as American firms specialize in goods and services that meet the needs of growing economies worldwide.
Global economies anticipate a tepid 2009
The long global economic expansion hit the wall in 2008 as financial markets worldwide slumped and many advanced and developing economies experienced slower growth or recession. Few expect a recovery to be swift, and 2009 could see slow growth persist.
Building a better world: infrastructure's role in economic growth
Infrastructures everywhere face strain from globalization, population growth, and urbanization. Infrastructure needs among countries vary, but infrastructure's importance to economic growth, improved public health, and poverty reduction is universal.
Despite increased risks, global growth to remain solid in 2008
The world economy will continue to enjoy one of the better performances in recent decades, led by economic growth in developing countries. Economies in developed countries, however, will see slower growth rates next year.
Global outlook generally bright in '07
Economic expansion among industrialized countries, strong growth in developing ones, and solid global trade patterns point to the ongoing growth of economies around the world.