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International Monetary Fund cuts growth forecasts, citing sluggish EU, Japan

...this year in emerging markets such as China before rebounding to expand 6.1 percent in 2016.- Weaker oil prices will drag on inflation, with consumer prices rising only 1.0 percent in the advanced economies and 5.7 percent in emerging markets...

http://chronicle.augusta.com/news/business/2015-01-20/imf-cuts-growth-forecasts-
High dollar dents company earnings

...the picture will likely get uglier as companies report earnings for the final three months of 2014."It's clearly a drag on corporate profits," said David Kelly, the chief market strategist at J.P. Morgan Funds.A few months ago, Kelly...

http://chronicle.augusta.com/news/business/2015-01-16/high-dollar-dents-company-
Gauge of US economy posts 0.9 percent October gain

...eight showed strength in October, led by favorable interest rates and gains in manufacturing orders.Stock prices were a drag on the index in October and average weekly manufacturing hours held steady.The overall economy grew at a solid 3.5 percent...

http://chronicle.augusta.com/news/business/2014-11-20/gauge-us-economy-posts-09-
Target sees higher profit in third quarter

...fashions and home decor.Cornell must also salvage Target's botched entry into Canada in 2013, which has been a big drag on profits.Target is still playing catch-up, particularly with Amazon.com, and has rolled out a service that allows...

http://chronicle.augusta.com/news/business/2014-11-19/target-sees-higher-profit-
US trade deficit expands in September

...deficit will rise slightly in 2014, as a stronger U.S. economy is drawing in more imports.The trade deficit is a drag on overall growth. That's because U.S. producers are selling less abroad compared to foreign companies, while imports...

http://chronicle.augusta.com/news/business/2014-11-04/us-trade-deficit-expands-s
US economy grew at 3.5 percent rate in third quarter

...the appreciation in the U.S. dollar and slow growth in Europe and Asia are likely to once again make trade a net-drag on American economic growth," said James Marple, senior economist at TD Bank Group.For the third quarter, consumer spending...

http://chronicle.augusta.com/news/business/2014-10-30/us-economy-grew-35-percent
Economists fear future drag on economy from Iraq war costs

...will make next year's budget deficit look worse and after a short-term economic boost could contribute to a serious drag on future economic growth, many economists believe. In two to three years, according to their forecasts, huge and lingering...

http://chronicle.augusta.com/stories/2003/09/10/bus_386123.shtml
Business
U.S. existing home sales rise for fourth consecutive month

...latest evidence Thursday that the U.S. housing market is rebounding from a weak start to the year.Housing has been a drag on an otherwise strengthening economy, in part because a harsh winter delayed many sales. But Americans are stepping up...

http://chronicle.augusta.com/news/business/2014-08-21/us-existing-home-sales-ris
Bank of America settlement likely to benefit few

...Only a fraction of homeowners would be eligible for refinancing under the settlement. And the qualification process could drag on for years, with payouts set to be completed as late as 2018."It is certainly better than nothing," said Bruce Marks...

http://chronicle.augusta.com/news/business/2014-08-21/bank-america-settlement-li
US trade deficit drops to $40.1 billion in August

...than the same period in 2013. A larger deficit acts as a drag on the economy because it means more money going to foreign...imports. They are forecasting the deficit will be a modest drag on overall growth.The decline in the deficit in 2013 reflected...

http://chronicle.augusta.com/news/business/2014-10-03/us-trade-deficit-drops-401