China’s economy continues to rev, but certainly slower than many had anticipated this past quarter. Growth came in at 7.7 percent, down two tenths from the previous quarter.
Diane Swonk, chief economist with Mesirow Financial, joins Marketplace Morning Report host Jeremy Hobson to discuss whether the crisis in Cyprus will spread and how the U.S. economy is faring.
High debt equals low growth, right? That's a widely-held belief among the political class, supported by well-funded bipartisan PR campaigns. But many economists just don't agree.
China's National People's Congress convenes today as it concludes its once-in-a-decade transition of power. In his final address to the Congress, outgoing Premier Wen Jiabao set an ambitious economic growth target of 7.5 percent.
The government has revised its latest GDP figures, saying the economy grew at a rate of 0.1 percent during the last three months of 2012. The increase was the weakest GDP performance in two years.
A Commerce Department report out today shows that GDP fell 0.1 percent last quarter, but consumer spending, business investment and employment continue to rise.
