2015 Event The U.S. Federal Reserve has cut its 2015 inflation and economic growth predictions for the U.S. and will likely wait until at least June of this year to raise interest rates 2014 Event India has put the INS Kolkata into service; the battleship, built locally, is the second to be commissioned this year and signals the nation's intent to update its military in response to concern regarding China's growth 2014 Event While the world economy is growing, forecasts have been reduced due to weak global investment spending and risks to U.S. growth stemming from potential Federal Reserve attempts to end stimulus efforts 2014 Event Spain will increase spending in an $8.2 billion program aimed to stimulate economic growth; the country has been working to overcome an unemployment rate of 25%, but recent reports have shown an encouraging decline in jobless claims 2014 Event China updates its environmental laws, providing more legal framework for addressing violations; the laws were last changed in 1989, prior to the nation's accelerated growth and rate of environmental degradation 2014 Event Rising Asian demand for Champagne will represent increasing export growth, with Japan currently the fourth-largest export market after the U.K., the U.S. and Germany 2014 Event U.S. payrolls show growth, with 129,000 jobs added in January and 175,000 jobs added in February in spite of difficult winter weather 2014 Event The Brazilian government plans to cut its spending by almost $19 billion this year in an effort to reduce the country's debt and inflation growth; economists have revised current year GDP and next year's growth forecast downward in recent weeks 2014 Event G-20 nations discuss ending stimulus efforts in economically advanced nations while planning ways to increase global trade and employment opportunities to achieve global GDP growth 2014 Event China's slowing growth and plans for tapering by the Fed cause investors to withdraw money from emerging markets; as a result, the Dow Jones loses over 300 points, ending its worst week since 2011 2014 Event The World Bank global forecast predicts an increase in growth to 3.2 percent, from 2.4 percent in 2013 2013 Event Ahead of its IPO , Twitter Inc. publicly files disclosure documents posting strong revenue growth 2013 Event As part of a strategy to focus on growth products, thrombosis drug brands manufactured by the GlaxoSmithKline pharmaceutical company is sold to Aspen Pharmacare for $1.13 billion 2013 Event Concerned over weakening growth in the economy, the U.S. Federal Reserve announces plans to continue its stimulus program, which injects $85 billion a month into the the U.S. economy 2013 Event The Eurozone moves out of 18 months of recession in the June quarter after it records a growth rate of .03% 2013 Event In the midst of an increasing industrial slowdown, China institutes business tax breaks and export liberalization in an effort to boost its economic growth 2013 Event U.S. growth in imports outpaces its growth in exports, causing the U.S. trade deficit to widen 8.5% during the month of April 2013 Event The sixth straight quarter of recession is announced by the Eurozone; Germany reports weak growth and negative growth is recorded in Spain, Italy and France 2013 Event In China, Premier Wen Jiabao addresses the National People's Congress announcing the country's 2013 goal of a 7.5% growth rate in GDP 2012 Event The 2012 Summer Olympics is credited with helping the UK economy emerge from recession; official GDP figures show 1 percent growth from July to September 2012 Event The People's Republic of China economic growth rate experiences to its lowest level in three years, 7.6 per cent 2011 Event Australia's economy achieves 1.2% second quarter growth after floods initially let to a .9% contraction in the second quarter 2011 Event In an effort to stop the growth of household debt, South Korean banks temporarily stop making household loans 2011 Event Concerns about the European economy are heightened as Germany reports second quarter growth of only 0.1% 2011 Event The U.S. National Football League ratifies a new collective bargaining agreement which includes provisions for human growth hormone tests 2010 Event The German economy reports 2.2 percent quarterly growth, the fastest quarterly growth in over 20 years 2010 Event U.S. Treasury Secretary Tim Geithner declares his interest in allowing the set of tax cuts in the Jobs and Growth Tax Relief Reconciliation Act of 2003 to expire at the end of 2010 1992 Death Vernon Howard, spiritual teacher, speaker, philosopher, author, wrote humor books, children's books, spoke and wrote about self-development, self-awareness, spiritual, psychological growth, dies 1987 Death Choh Hao Li, bio-chemist professor (isolated growth hormones), dies at 74 1985 Event Doctors discover a cancerous growth in President Reagan's colon 1972 Event Club of Rome publishes report "Boundaries on the Growth" 1971 Event Berkeley chemists announces 1st synthetic growth hormones 1935 Event Amsterdam city council accept city growth plan through the year 2000 1918 Birthday Vernon Howard, born in Haverhill, Massachusetts, spiritual teacher, speaker, philosopher, author, wrote humor books, children's books, spoke and wrote about self-development, self-awareness, spiritual, psychological growth 1916 Birthday Walt W. Rostow, New York City, economist, Politics and Stages of Growth 1913 Birthday Choh Hao Li, bio-chemist professor, isolated growth hormones 1860 Birthday D'Arcy Thompson, zoologist/classicist, On Growth and Form
