- The global economy was estimated at $79 trillion in 2011, with the U.S. the second largest at $15.1 trillion behind the EU at $15.9 trillion. - The U.S. faces economic challenges from the "fiscal cliff" in 2013 if Congress fails to address spending cuts and tax increases scheduled to take effect. - In Ohio, the jobless rate has fallen to 7% from 8.6% a year ago, new business filings are up, and state revenues are exceeding estimates despite expenditures being under estimates. - The Utica Shale in Ohio is estimated to contain 38 trillion cubic feet of natural gas and 940 million barrels of oil worth a combined $