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The great crash of 2008

The UK economy is expected to contract in the second half of 2008, with a forecasted GDP decline of 0.9% in 2009 and consumer spending declining by 3.4%. The financial sector crisis will spread to the wider economy through credit rationing, caution among firms and consumers, and reduced equity prices.

SourceSAGE Publications UK·JournalNational Institute Economic Review·DateOct 22, 2008

Gambling on Russian economic forecasting

The Russian economy is experiencing rapid growth driven by a thriving middle class, but this has led to widening income disparities and growing poverty. Forecasting growth or recession beyond 2011 is hazardous, as the country faces challenges in increasing energy production and exports.

SourceInderscience Publishers·JournalInternational Journal of Economic Policy in Emerging Economies·DateNov 1, 2007

US EDA awards $1.5 mill to grow Rutgers incubator

The US Economic Development Administration has awarded $1.5 million to the Rutgers-Camden Technology Campus to develop wet labs for a new Biotech-Life Science Business Incubator. The grant will create 255 jobs and generate over $17 million in private investment, supporting the growth of New Jersey's biotechnology industry.

Disabled left behind by economic expansion

A Cornell University study reveals a significant decline in employment among working-age Americans with disabilities, with most experiencing a loss of economic ground despite receiving higher Social Security disability payments. The researchers argue that new national policies are needed to reintegrate young people with disabilities in...