Washington: Foreign students from India, China and South Korea are the major contributors to the US economy with the host country earning USD 21.8 billion in tuition fees and USD 12.8 billion in living costs from them.
Asserting that the American economy is back on track with the creation of 7.8 million jobs in the last 44 months, and reduction in its dependence on foreign oil, US President Barack Obama has said United States is in a good position to compete around the world in the 21st century.
The global economic slowdown has brought emerging Asia`s rate-hiking cycle to a premature pause and the next step could be easing if the United States slides into a recession or Europe`s debt troubles spawn a full-blown financial crisis.
Friday`s jobs report that showed hiring in the United States unexpectedly ground to a halt in August is increasing speculation the US Federal Reserve will move to stimulate the economy. But will it help stocks?