President-elect Barack Obama describes the economy as "bad and getting worse."

Jan. 6 (Bloomberg) -- The Bank of Japan is likely to cut its outlook for the economy and prices at this month’s policy meeting ending on Jan. 22, the Nikkei newspaper reported.

Jan. 5 (Bloomberg) -- Ecuador’s gross domestic product will probably grow about 3 percent this year, Economy Minister Diego Borja said, citing estimates by the central bank and the United Nations’ Economic Commission for Latin America and the Caribbean.

Jan. 5 (Bloomberg) -- Chile’s economy expanded at the slowest pace since 2002 in November, adding pressure on central bank policy makers to cut interest rates for the first time in two years this week.

A UBS analyst lowered his fiscal 2009 estimates for Motorola Inc. to reflect a slowdown due to the weakening economy. Maynard J. Um, who has a "Neutral" rating on Motorola, cut his 12-month target price slightly to $4.75 from $4.95.

Jan. 5 (Bloomberg) -- President-elect Barack Obama said the nation faces an “extraordinary challenge” in getting the economy back on track, as he met with congressional leaders about a package of stimulus measures.

President-elect Barack Obama describes the economy as "bad and getting worse." He's been on Capitol Hill today, meeting with House and Senate leaders to talk about an economic stimulus plan. Before meeting with Senate Majority Leader Harry Reid, Obama told...

Jan. 5 (Bloomberg) -- Chile’s economy expanded at the slowest pace since 2002 in November, adding pressure on policy makers to cut interest rates for the first time in two years this week.

Jan. 5 (Bloomberg) -- Brazil’s real rose, erasing a loss, as investor appetite for riskier, higher-yielding Brazilian assets climbed on speculation that U.S. President-elect Barack Obama ’s fiscal stimulus plan will help the global economy.

As travel gurus try to forecast what's going to happen in 2009, only one word is clear: uncertainty. That's no surprise, given all the “ifs” in the US recession-mired economy. If credit star