IMF warns Asia crisis to spread globally in 1998
The IMF updated its World Economic Outlook predicting a worldwide slowdown in 1998 with growth at 3.5 percent, a drop from prior forecasts. It says the crisis in Asia will affect all nations, boosting unemployment and widening the US trade deficit as global markets reel. The US is seen expanding at about 2.4 percent next year, down from 3.8 percent this year.
MENTIONED IN THIS ARTICLE
Washington
Asia
United States
International Monetary Fund
Thaiand
Indonesia
South Korea
IMF
Creativity keeps jobs filled amid tight labor market
As unemployment sits at 4.6 percent the lowest in 24 years firms push creative strategies to hire and retain workers. Fel-Pro Inc in Skokie Illinois uses benefits internships and team projects to attract 2000 local staff and 3000 globally while facing high wage costs and slower labor-force growth ahead.
MENTIONED IN THIS ARTICLE
Washington
America
Skokie
Ill
Fel-Pro Inc
Dennis Kessler
Labor Department
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