Emerging markets like China and Brazil, as well as US, are urging European ministers to address its sovereign debt woes. But emerging markets, US lack consensus on solution.
$3 trillion is the cost of Obama's plan that would help put America on sounder footing, many finance experts say. But such fiscal adjustments can be tricky for the economy, IMF report warns.
American consumers can no longer borrow madly to buy so many goods from abroad. Shoppers in emerging nations must be the next engine of growth, some argue.
The Leading Economic Index rose for the fourth straight month, according to data released Thursday. It indicates that the recession is fading, but some analysts say the recovery will be weak.