News

The rest of the world is due some cyclical catch-up with the U.S., but talk of a structural change in the global economic ...
I believe the slowdown is more structural than cyclical and that it calls for significant ... the importance of social spending. On fiscal deficit, the target is 4.9 per cent this year.
(The Center Square) – Standard & Poor's 500 downgraded its credit rating of city of Los Angeles general obligation bonds, citing its “weakening financial position and an emerging structural imbalance.
Some commentators' concerns show a failure to distinguish between the cyclical budget deficit and the structural budget deficit.