MENU

Asian stocks rebound on the heels of US rally

April 16, 2013 • Business


FILE – In this Feb. 8, 2013, file photo, Trader Peter Costa, left, works on the floor of the New York Stock Exchange in New York. The U.S. economy is recovering from the Great Recession but at a modest, uneven pace. Many scars remain visible, particularly an unemployment rate of 7.6 percent. The U.S. has 2.8 million fewer jobs than in December 2007, when the recession began. And average hourly wages have trailed inflation in the past three years. Meanwhile, the federal budget deficit has ballooned, topping $1 trillion each year in President Barack Obama’s first term. It is forecast to fall to $845 billion this year. Obama faces the challenge of reducing that gap without cutting it so quickly that it slows growth. (AP Photo/Richard Drew, File)

BANGKOK (AP) — Login to read more

Related Posts

Comments are closed.

« »