US: GDP GROWTH SLOWED IN FIRST QUARTER 2000
Article Abstract:
US GDP growth for the first three months of 2000 was 5.4%, compared with 7.3% previously, although domestic demand rose from 5.9% at end-1999 to 8%, according to figures released on 27 April 2000. The consumer price deflator rose by 3.2%, the largest increase on over six years and due entirely to the vast trade deficit. Economists responded to the disappointing inflation figures by projecting that the US economy would not enjoy a soft landing. The indications are that the Federal Reserve Board may raise interest rates in May 2000 by 0.5%, the sixth increase in almost a year. Meanwhile, the employment cost index of the US Labor Department increased by 1.4%, the largest rise over a three-month period in 11 years. The figures are regarded as an indication that wage growth is being boosted by the tight employment market.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2000
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US: NEW ECONOMY DEVELOPING
Article Abstract:
The absence of any signs of inflation in the US, despite the low level of unemployment, excess in demand versus supply and rising trade deficit, signals the development of a new economic pattern, according to Alan Greenspan, the chairman of the US Federal Reserve. As a result, a different type of monetary policy needs to evolve to ensure economic stability, he believes. Statistics will also need to be calculated differently.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2000
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US: DIAGEO AMENDS BURGER KING PLAN
Article Abstract:
UK-based food and drinks group, Diageo, hinted on 7 September 2000 that it may defer the partial flotation of its US-based fast food chain, Burger King. The indications are that Burger King may enter the market sometime in 2001 with a valuation of up to GB[pound] 3bn. Diageo plans to concentrate on its alcoholic beverages operations and had intended to list Burger King in the opening half of 2001.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2000
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