Artesia News

Local news for Artesia New Mexico and the surrounding Pecos Valley

Posts Tagged Economic growth

Slower Chinese growth adds to pressure on leaders

May 16

Posted by admin in Business | Comments off

In this Tuesday, May 14, 2013 photo, workers are silhouetted at a construction site of a residential project in Rizhao city in east China's Shandong province. President Xi Jinping and other leaders have pledged to make the economy more productive but have yet to make clear how far they will go in curbing the dominance of state industry and making other changes reform advocates say are required. It is a politically thorny challenge but reform might be driven by slowing growth and concern about tensions due to a lack of new jobs. (AP Photo) CHINA OUT

BEIJING (AP) — Global economic malaise has knocked the stuffing out of Luo Yan’s business making toy animals.

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Eurozone recession is now longest in currency bloc

May 15

Posted by admin in International | Comments off

A man holds a ten Euro note on as he walks through a market in Paris, Wednesday, May 15, 2013. France's economy has fallen back into recession, spelling trouble for the region. The national statistics agency, Insee, said Wednesday that gross domestic product fell 0.2 per cent in the first quarter of the year. The agency also revised its data for the fourth quarter of last year, saying GDP fell 0.2 per cent, up from a 0.3-per cent retraction. (AP Photo/Michel Euler)

PARIS (AP) — The eurozone is now in its longest ever recession — a stubborn slump that has surpassed even the calamity that hit the region in the financial crisis of 2008-2009.

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US boom transforming global oil trade

May 14

Posted by admin in United States | Comments off

NEW YORK (AP) — The surge in oil production in the U.S. and Canada and shrinking oil consumption in the developed world is transforming the global oil market.

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