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  • Declining Import Demand and Global Slowdown

    At News N Economics , Rebecca Wilder shares this chart to show that any global economic recovery that was underway earlier this year has slowed down: Wilder: The chart illustrates the growth of import demand for manufactured goods from the US (12.8% of world import demand in 2011) and China (9.7% of world import demand in 2011) on a 3-month over 3-month annualized and seasonally adjusted basis. Spanning April through June 2011 compared to January through March 2011, US imports for manufactured goods slowed to a 4.9% annualized clip, while Chinese manufacturing imports contracted at a 22.9% annualized pace. US import demand growth peaked at 36.9% in March 2011 (again, on the same 3M/3M SAAR basis), while Chinese import demand growth peaked a bit earlier at 108.2% in January 2011. So could this be the result of the Japanese earthquake and tsunami? Wilder does not think so. Read Global slowdown underway - it's more than the Japanese supply chain disruptions here .

  • Carlyle Group's Rubenstein on Unemployment and Slow Growth

    David Rubenstein , Co-founder and Managing Director of The Carlyle Group , told Charlie Rose that we need to be satisfied with a relatively flat economy through at least the rest of the year. With unemployment so high, and Congress showing little will to do anything significant before fall elections, he is expecting things to stay pretty much the same. As for the long term prospects of the US economy, Rubenstein seems to think the days of 5-6% growth—at least for extended periods—are a thing of the past. Here is an excerpt of the interview: Watch the full interview here .

  • 'Finding New Shoots of Growth' at World Economic Forum's Annual Meeting of New Champions

    With the economic landscape decidedly different from a year ago, many economists and policy leaders are trying to determine where the sectors of growth will be moving forward. Jeffrey Sachs is among those who believes that sustainable technology and "green" investments are the best hope. He writes in today's Guardian that the recession and the slow recovery ahead gives us "the historic opportunity – and need – to compensate for low consumer spending with increased investment spending on sustainable technologies": The crisis can yet be an opportunity to turn from a path of financial bubbles and excessive consumption to a path of sustainable development. In fact, seizing this opportunity is the only recipe for genuine growth that we have left. At the World Economic Forum 's Annual Meeting of New Champions in Dalian, China, the search for new engines of growth became a central theme, and many of the panels--video for which is now available here --focused on business in the new economic climate. The panel titled Finding the New Shoots of Growth included Marwan M. Boodai, Chief Executive Officer, Boodai Corporation, Kuwait; Liu Jiren, Chairman and Chief Executive Officer, Neusoft Corporation, People's Republic of China; Deepak Puri, Chairman and Managing Director, Moser Baer, India; Iqbal Survé, Executive Chairman, Sekunjalo Investments, South Africa; James S. Turley, Chairman and Chief Executive Officer, Ernst & Young; and Wan Gang, Minister of Science and Technology of the People's Republic of China. Wan set the tone by discussing sustainable technologies--along with other areas like biotechnology and information technology. So the Chinese minister appears to be on the same page as Sachs. Here's the panel discussion: