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The Congressional Budget Office (CBO) new budget outlook indicates that the U.S. economy is not expected to return to its full potential until 2017.
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This bodes well for the near-term outlook, indicating that despite an expected GDP growth rate of only roughly 0.5% this year, the labour market should remain stable.
However, a private survey of the sector showed a much dimmer outlook, indicating that activity had contracted this month.
The largest U.S. mortgage lender's negative outlook indicated that the housing industry is unlikely to pick up soon.
Standard & Poor's affirmed its rating of AA– on the state's general obligation debt and A+ on the state's appropriation debt, but the lowering of the outlook indicates a likelihood that those ratings will be downgraded in the next two years.
The supply outlook also indicates that there is more than enough to meet demand well into the future.
A separate analysis, published as part of the Asian Development Bank's (ADB) latest "Asian Development Outlook", also indicates that Asia's exports may be less sensitive to exchange-rate movements than a study of history may suggest.
But they saved less and consumed and imported more, contributing more to global demand.A separate analysis, published as part of the Asian Development Bank's (ADB) latest "Asian Development Outlook", also indicates that Asia's exports may be less sensitive to exchange-rate movements than a study of history may suggest.
Still, she cautioned that the county's recent placement on the agency's "watch list," coupled with a "negative outlook," indicated growing concern.
"The current trends, together with the medium-term economic outlook, now indicate that this assumption needs to be reassessed," the company added.
On June 5, World Environment Day, the UN Environment Programme released the report Global Deserts Outlook, which indicated that deserts might be among the ecosystems most affected by climate change.
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