Economy: Steven C. Johnson

Steven C. Johnson: LONDON/NEW YORK - Factory output in China weakened to a nine-month low in June while U.S. manufacturing closed out its worst quarter in the last four, suggesting the road to recovery for the world economy remained an uneven one. , according to Reuters. Other major economies are lagging America's, however, which could limit the strength of global growth. China, the world's second largest economy, grew at its slowest pace in 13 years in 2012 and incoming data this year has been weaker than expected. By Jonathan Cable and Steven C. Johnson A day earlier, the Federal Reserve said the U.S. economy was expanding strongly enough for the central bank to begin slowing the pace of its stimulative bond purchases later this year. (www.immigrantscanada.com). As reported in the news.