CSX thinks demand has hit its worst point, but recovery may be down the line

October 1st, 2009 WASHINGTON - As the global economy recovers from its worst crisis in decades, India and China will lead the expansion this year and will grow at rates of 5.4 and 8.5 percent, respectively, according to the International Monetary Fund (IMF). Boosted by large policy stimulus that is increasing demand from domestic sources and a turn in the global manufacturing cycle, the two Asian giants are leading the rebound in emerging and other developing economies, it said in the October 2009 World Economic Outlook (WEO).

September 18th, 2009 Suntech to perform in line with peers-analystNEW YORK — Suntech Power Holdings Co. Ltd. is positioned to perform in line with its peers, as the Chinese solar energy company similarly suggests that demand will be stronger than normal in the coming quarters, an analyst said on Friday.

September 15th, 2009 WASHINGTON - Federal Reserve Chairman Ben Bernanke said Tuesday that the worst US recession in seven decades has "very likely" come to an end, but warned the country's economy will remain weak for some time. The US central bank head said there was general agreement among economists that the United States would return to growth in the third quarter of this year and continue to pick up in 2010.

August 3rd, 2009 Oil jumps above $70 on optimism demand to recoverLONDON — Oil prices leapt above $71 a barrel Monday on mounting investor hopes that a recovering global economy will boost crude demand. Benchmark crude for September delivery was up $1.86 to $71.31 a barrel by late morning London time in electronic trading on the New York Mercantile Exchange.

July 29th, 2009 Norfolk Southern thinks worst of recession is overNEW YORK — The last of the major U.S. railroads to report second-quarter earnings agrees with the others: It appears the worst of the recession is over.

July 23rd, 2009 Union Pacific 2Q profit falls 12 percentOMAHA, Neb. — Railroad Union Pacific says its second-quarter earnings fell 12 percent, as stringent cost cutting partially offset major shipping declines across its business.

July 22nd, 2009 TORONTO - The Bank of Canada, the central bank of the most robust of the G8 economies, has said that global recovery from the financial crisis has begun. In its economic outlook report released Tuesday, the bank said: "There are now increasing signs that economic activity has begun to expand in many countries in response to monetary and fiscal policy stimulus and measures to stabilize the global financial system.

July 10th, 2009 IEA forecasts strong rebound in oil demandPARIS — Global oil demand will rebound 1.7 percent next year as recovery in developing countries helps counter a two-year drop in oil usage sparked by the global recession, the International Energy Agency said Friday. The Paris-based agency predicted Friday in its closely watched monthly survey that global oil demand will increase by 1.4 million barrels a day in 2010 to 85.2 million barrels a day.

July 8th, 2009 IMF expects slow recovery from global recessionWASHINGTON — The global economy is beginning a sluggish recovery from its worst recession since World War II, the International Monetary Fund said Wednesday. The IMF increased its estimate for global economic growth in 2010 to 2.5 percent, from an April projection of 1.9 percent.

July 2nd, 2009 ADB: Asia set for mild economic recovery in 2010MANILA, Philippines — Asia is set for a mild economic recovery from the global financial crisis in 2010 after bottoming out this year, the Asian Development Bank's chief economist said Thursday. "Clearly now we are in the transition from recession to recovery," Jong-Wha Lee said.

June 23rd, 2009 Russian economy continues to slideMOSCOW — Russia's economic downturn showed no signs of slowing in May, with preliminary figures released Tuesday revealing an 11 percent annual contraction in the economy during the month. The slide in gross domestic product was worse than the 10.5 percent annual drop in April.

May 14th, 2009 Oil demand seen dropping at fastest pace since '81PARIS — Oil consumption will this year fall at the sharpest pace since 1981 due to the crisis afflicting world economies, the International Energy Agency said Thursday as it made new cuts to its forecast for crude demand. In its closely watched monthly survey, the Paris-based agency said it now expects global oil demand to fall 3 percent to 83.2 million barrels a day this year, or 2.6 million barrels a day less than in 2008.

April 29th, 2009 Central bank: Singapore recession likely bottomedSINGAPORE — Singapore's central bank says the city-state's worst recession likely bottomed in the first quarter, but faces a tepid recovery amid weak export demand. The economy could shrink as much as 9 percent this year as a "deep and prolonged" global downturn batters exports, which account for about 60 percent of GDP, the Monetary Authority of Singapore said in a quarterly report Wednesday.

April 22nd, 2009 IMF says Asia could see 'modest recovery' in 2010BEIJING — The International Monetary Fund says Asian economies could see a modest recovery next year, boosted by stronger export demand and stimulus spending. Trade-driven Asia has been hit harder than expected by the worst global downturn since the 1930s.

April 22nd, 2009 IMF: Asia could see 'modest recovery' in 2010BEIJING — Asian economies could see a modest recovery next year, boosted by stronger export demand and stimulus spending, the International Monetary Fund said Wednesday. Trade-driven Asia has been hit harder than expected by the worst global downturn since the 1930s, though many economies are stronger than they were during the region's 1997 financial crisis, the Washington-based IMF said in a report.