"Markets starting to price in recession, but policymakers yet to price in recession," argued the BAML strategists.
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" • "In other words: Housing is in recession already.
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"When people say the U.S. economy can't continue to grow when the world is in recession, what's happening in Germany is indicative of the fact that the world is in recession," Ezrati said.
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The economy has been in recession almost continuously since 2006.
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Things look grim in Nigeria, which is mired in recession.
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It tends to do better in recession than in recovery.
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Why, then, should an economy ever find itself in recession?
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The city was in recession and reeling from the Sept.
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And fixing an economy in recession became the predominant concern.
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The island's economy has been in recession for a decade.
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He noted the Mexican economy was not "yet" in recession.
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If not, the economy could be in recession next year.
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Within six months, the economy would again be in recession.
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It has been in recession for the past 10 years.
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"There isn't a single major economy that is in recession."
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Since 2008 Italy has been in recession as often as not.
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But the economy has not been in recession for 27 years.
|
|
Its economy has been in recession for three years and counting.
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Deep in recession, the country suffers the world's highest inflation rate.
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|
Russia's economy, which depends heavily on oil revenues, is in recession.
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In developing markets, Brazil is in recession and China is slowing.
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|
An economy in recession could prove insurmountable for his reelection prospects.
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|
In the past, even smaller moves often have resulted in recession.
|
|
But Puerto Rico was not in recession: it was in decline.
|
|
There is at least one bull market underway: in recession fears.
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|
There is at least one bull market underway: in recession fears.
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|
Argentina is in recession and Brazil is emerging slowly from one.
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JF: It seems to be that the losses are concentrated in recession.
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When the PD took office in 2013, Italy was deep in recession.
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|
Brazil has been in recession five times in the past 21 years.
|
|
Instead, firms are busy cutting back investment as if mired in recession.
|
|
Meanwhile 18% of companies believe that their country is already in recession.
|
|
The economy's decelerating, but it's not going to end up in recession.
|
|
It has been in recession for five of the past eight years.
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|
The island has spent most of the last ten years in recession.
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|
That includes 503 and 2009, when the U.S. economy was in recession.
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|
Further, China and Japan are either close to, or persistently in, recession.
|
|
Games-related works boosted the local economy while Brazil was in recession.
|
|
But labour-intensive industries, such as construction and manufacturing, are in recession.
|
|
But the promised recovery has not materialized and Argentina is in recession.
|
|
Mr Rajoy became prime minister in 2011 with Spain deep in recession.
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"In short, the Saudi economy is now officially in recession," said Tuvey.
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|
ON AUGUST 19TH the Bundesbank warned that Germany could soon be in recession.
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|
Argentina has been in recession for the past year; inflation is over 50%.
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|
But with the country in recession, voters may now turn to an archrival.
|
|
AIDS was an international catastrophe, the economy was in recession — things were dark.
|
|
"Brazil is not in recession any more: that's what is important" he said.
|
|
Wage growth is muted, inflation is below target and Italy is in recession.
|
|
Consumer prices rose about 40 percent in 2016 with the economy in recession.
|
|
President George W. Bush's 2001 tax cut helped stimulate an economy in recession.
|
|
The result is an economy that has been in recession for two years.
|
|
Our economic GDP may be booming, but our moral GDP is in recession.
|
|
Hong Kong is in recession and Singapore could soon suffer a similar fate.
|
|
Argentina has been in recession for the past year; inflation is over 225%.
|
|
He said austerity was never a good idea for an economy in recession.
|
|
Nigeria, Africa's biggest economy, is in recession, and in danger of a currency crisis.
|
|
Short-term economy: The economy is not in recession during the election campaign. 18603.
|
|
Almaty in Kazakhstan was the least expensive, followed by Lagos in recession-hit Nigeria.
|
|
Germany's manufacturing sector is in recession as exporters bear the brunt of weaker demand.
|
|
THIS WEEK the Bundesbank warned that Germany's economy will probably soon be in recession.
|
|
Its manufacturing sector is in recession as exporters bear the brunt of weaker demand.
|
|
Nevertheless, the underlying assets are tied to the local economy, which is in recession.
|
|
However, the industrial sector remains in recession and is likely to continue shedding jobs.
|
|
The campaign to keep Britain in Europe has said leaving would result in recession.
|
|
But this year, with the economy in recession, agricultural export tax revenue is crucial.
|
|
It was in recession in 2016 and 2017, and its recovery has been slow.
|
|
Latest figures argue that the industrial sector in the U.S. is already in recession.
|
|
So, this is going to mean global GDP numbers are clearly in recession territory.
|
|
By most definitions, the economy is not a mess, nor is it in recession.
|
|
The only time you get a lower, lower deficit is when we're in recession.
|
|
The economy keels in recession, worsening an official unemployment rate reaching nearly 28 percent.
|
|
If the economy shrinks again this quarter the country will officially be in recession.
|
|
Fast forward to today, and outside the U.S., the entire world is effectively in recession.
|
|
Downward revisions appear likely, given that heavyweight Germany is struggling and Italy is in recession.
|
|
The economy is likely to remain in recession until the end of 22, he added.
|
|
Once on every economist's short list of most promising nations, Brazil is now in recession.
|
|
"I don't think there's any meaningful economy in the world that's in recession right now."
|
|
Africa's biggest economy is in recession for the first time in quarter of a century.
|
|
Combined, the cutbacks gave Tabasco Mexico's highest unemployment rate and mired the state in recession.
|
|
Any payments above a (low-dollar value in recession world) threshold — the CEO should approve.
|
|
Some analysts have questioned whether economies that are not in recession really need the stimulus.
|
|
The economy has been mired in recession and annual inflation is running at above 50%.
|
|
Germany, where manufacturing is mired in recession, can scarcely afford new taxes on its products.
|
|
That's somewhat larger than the multiplier estimated in places like the US when in recession.
|
|
But in recession-hit Venezuela, recouping outstanding debt is a bigger issue, the executive said.
|
|
Volcker's tightening slowed economic activity enough that by January 24, the US was in recession.
|
|
"Brick-and-mortar retailers are already in recession," said Mark Zandi, chief economist for Moody's Analytics.
|
|
If the broader economy is in recession, there is going to be blood in the streets.
|
|
But Nigeria is mired in recession and struggling with dollar shortages due to low oil prices.
|
|
It will go a long way toward boosting GDP and putting a dent in recession dread.
|
|
Brazil's central bank has kept interest rates high, even though its economy is deep in recession.
|
|
The slowdown in services growth was worrisome, given that the manufacturing sector has been in recession.
|
|
Now Brazil and Russia are in recession, while China and other Asian economies are losing momentum.
|
|
Its economy is in recession, inflation is over 50% and the poverty rate is over 35%.
|
|
At Sharon's first follow-up scan, the tumors were in recession; within months, they were gone.
|
|
And a survey showed Germany's manufacturers remained stuck in recession in October as new orders fell.
|
|
Argentina is also stuck in recession with sky-high interest rates sapping growth and hitting jobs.
|
|
Nigeria's economy was last in recession, for less than a year, in 1991, NBS data shows.
|
|
There's no way Japan could avoid a recession if all those other countries were in recession.
|
|
However, much of the economy remains moribund and analysts expect this year to end in recession.
|
|
Because of the fiscal irresponsibility of their populist leaders, Venezuela, Argentina and Ecuador are all in recession.
|
|
If he cuts further toward zero, he deprives himself of weapons for when we're actually in recession.
|
|
Consumer prices are estimated to have risen about 40 percent in 2016 with the economy in recession.
|
|
Argentina is in recession with inflation at over 55% after more than three years of Macri's policies.
|
|
But the promised recovery has not materialized and Argentina is in recession with inflation at over 55%.
|
|
S. manufacturing sector is already in recession territory and that the non-manufacturing sector continues to decelerate.
|
|
At best, it will be hard for the U.S. to grow with the entire world in recession.
|
|
The incumbent party has the largest number of seats and the British economy is not in recession.
|
|
Latin America's No. 3 economy is mired in recession while inflation rages at more than 50 percent.
|
|
" Cohn said the U.S. is "in recession," adding that "we've got a big issue on our hands.
|
|
In his speech on Monday, Mr. Buhari made only passing reference to the economy, now in recession.
|
|
But there are no signs now that the United States is in recession or close to one.
|
|
These policies would not only create severe headwinds to growth but could result in recession or worse.
|
|
Triunfo's restructuring is the latest out-of-court workout among builders and banks in recession-hit Brazil.
|
|
In particular, it has said that any recovery is dependent on a rebound in recession-hit Brazil.
|
|
Nigeria has officially been in recession since the second quarter of 2016, its first in 25 years.
|
|
Unemployment is at a 14-year high of 27.7 percent and the economy is back in recession.
|
|
Certain countries are propping up Europe's economic figures, while others are still stagnant or practically in recession.
|
|
It was the highest monthly trade deficit since 21.5, when the American economy was mired in recession.
|
|
"It's not as big an effect as flipping a growing economy to one in recession," Masket said.
|
|
Yet for the past two years Belarus has been in recession; the economy shrank by 2.6% in 2016.
|
|
Now, oil is at $40 and Russia is in recession, with the economy shrinking 3.7 percent last year.
|
|
STEVE LIESMAN: When you look at the risks, global economies are weak and some are even in recession.
|
|
South Africa's economy is also in recession, not least thanks to worries about corruption under President Jacob Zuma.
|
|
The economy also remains mired in recession, with GDP shrinking 2.1 percent in the second quarter of 2016.
|
|
AND THE TRUMP PLAN, IF IMPLEMENTED, WE WOULD BE IN RECESSION AND WE WOULD LOSE 3.5 MILLION JOBS.
|
|
Stuck in recession for four years, Finland's own finance minister has called it "the sick man of Europe".
|
|
Financial markets and commodity prices show a high probability the economy is in recession or will be soon.
|
|
"Just remember that 10 of the last 13 Fed hiking cycles have been miscalculations that ended in recession."
|
|
Some analysts have even predicted that the U.S. could be in recession by the middle of next year.
|
|
Are they not seeing how China is slowing down, how Brazil is in recession, how Russia is spluttering?
|
|
That may have helped the PP. Mr Rajoy became prime minister in 2011 with Spain deep in recession.
|
|
In the meantime Angola, the region's third-biggest economy, remained stuck in recession, as oil production remained weak.
|
|
"European policy impotence not yet visible in EU investment-grade credit spreads despite Germany in recession," it said.
|
|
Data pointed to a fast-slowing economy that analysts said signaled the United States already was in recession.
|
|
Deutsche Bank, the country's biggest lender, said this month that it believes the economy is already in recession.
|
|
Economists say the economy is already in recession and the jobless claims report would offer proof of that.
|
|
Overall output and employment are still growing, but around a fifth of the economy is effectively in recession.
|
|
They would have to be really dramatically off for either country to have been in recession in 2019.
|
|
At the time, the global economy was already in recession, thanks to the bursting of the housing bubble.
|
|
He pointed to your business model in that you're at risk in recession by owning so many jets.
|
|
Emerging markets in general were in a funk; two of the largest, Brazil and Russia, were deep in recession.
|
|
The economy may already be in recession, a government assessment of its own economic indicators showed early this week.
|
|
Manufacturing has had a tough few months, with indexes registering a contraction and the sector possibly being in recession.
|
|
This is the first time corporate taxes have taken such a hit when the economy is not in recession.
|
|
Lagos (CNN)It was supposed to be a rallying cry for unity in a nation deep in recession crisis.
|
|
The economy has been in recession for 23 years; gross national product has fallen by 15% in that time.
|
|
Macri still has many challenges to confront, with Argentina's economy mired in recession and facing double-digit annual inflation.
|
|
"Of the 13 cycles of rate increases since World War II, 10 landed the economy in recession," he noted.
|
|
A drop in profit in Romania outweighed growth in Greece, where the economy is recovering after years in recession.
|
|
Nigeria is in recession due to a slump in oil prices, which has hurt its currency and government revenues.
|
|
London (CNN Business)Europe's largest economy may be in recession for the first time since the region's debt crisis.
|
|
"It's rarely been higher except in recession, when earnings tend to decline significantly, pushing the denominator down," Samana said.
|
|
Job cuts would be the last shoe to drop to show that the U.S. housing market is in recession.
|
|
That part of the economy may well be in recession and it's definitely growing at a dramatically slower rate.
|
|
Gary Cohn, another former Trump administration economic official, told CNN last week the United States is already in recession.
|
|
The economy had been in recession for six months on 9/11, and emerged from it two months later.
|
|
Argentina, the No. 4 destination for Venezuelan migrants, has been in recession and firefighting economic crises since last year.
|
|
South Africa's economy is smaller today than it was in 2010, and now the country is ensnared in recession.
|
|
But so far, the Fund has not challenged Argentina's refusal to impose fiscal austerity on an economy in recession.
|
|
The U.S. economy was already in recession by that point — it started in March 2001 and ended in November.
|
|
Other warning signs: U.S. manufacturing is in recession, as is transportation across all sectors — air, rail, freight and passenger.
|
|
He said on Friday that trade policy remains uncertain, and that US manufacturing already appears to be in recession.
|
|
"The economy is not in recession today, so these policies should not be viewed as countercyclical measures," he said.
|
|
The island has spent most of the last decade in recession and its poverty rate is over 40 percent.
|
|
Nigeria's economy remains in recession and we think it will be difficult for banks to contain the escalation of NPLs.
|
|
"If he puts in these 232 tariffs [on foreign automobiles] we will be in recession within a year," Randle said.
|
|
That would mean the euro zone's biggest economy is now in recession following the second quarter's decline reported last week.
|
|
The big picture: In addition to the currency controls, Erdogan is manipulating credit markets and the country is in recession.
|
|
The lack of wage gains and sluggish overall growth still have many Americans feeling like the nation remains in recession.
|
|
Bill Clinton won because the US was in recession under Republican President George H.W. Bush, and voters wanted a change.
|
|
In any given year, the economy has a random chance of being in recession about 20 percent of the time.
|
|
In 2016, its economy is expected to remain in recession, contracting by 1 percent according to the International Monetary Fund.
|
|
Government funding has become less reliable for science research in recession-hit Argentina amid rampant inflation and a tumbling peso.
|
|
The move comes as Nigeria, Africa's biggest economy, is in recession for the first time in more than 20 years.
|
|
That leaves the stock market on track for its worst year since 2008, when the U.S. economy was in recession.
|
|
A $12.5 billion deal from Saudi Arabia - in recession and struggling with huge budget deficits - enjoyed bids around $40 billion .
|
|
Unemployment is at a 14-year high, key sectors of the economy are struggling as the country reels in recession.
|
|
Africa's biggest economy is in recession for the first time in 25 years, largely brought on by low oil prices.
|
|
Now, with the economy possibly in recession and set to grow by less than 1.0% this year, no-one does.
|
|
Greece, which has been on international financial life support since 2010, has been in recession on and off for years.
|
|
For Jane Foley, a currency strategist at Rabobank, dollar/yen at 100 is an indicator of a U.S. economy in recession.
|
|
Data for the first half of 2017 showed the overall economy in recession, partly because of cut-backs in oil output.
|
|
With Argentina in recession and inflation clocked at more than 47 percent last year, the economy is the main election issue.
|
|
Congress doesn't normally add stimulus to the economy during an expansion — that more typically happens when the economy is in recession.
|
|
Risk appetite was broadly cautious despite some early gains in European stocks, with bond yields firmly entrenched in recession warning territory.
|
|
The euro zone economy barely grew in the second quarter and Germany, its biggest single economy, may already be in recession.
|
|
Canada was briefly in recession last year and is still struggling to regain momentum as it grapples with cheap oil prices.
|
|
Greece is still struggling to emerge from a debt crisis that began in 2010, plunging its economy in recession for years.
|
|
With the sharp fall in oil revenues, the economy in recession and real incomes dropping, this is no longer the case.
|
|
Trump, meanwhile, has approval ratings that are historically the kind of numbers you expect when the country is mired in recession.
|
|
The corporate outlook in Texas is at its lowest since the state was in recession, the Dallas Federal Reserve said Monday.
|
|
However, growth is projected to slow further in China, while Russia and Brazil are expected to remain in recession in 2016.
|
|
EISEN: THERE'S ALSO NEW CHALLENGES IN BRAZIL, THE ECONOMY IS IN RECESSION, THERE'S POLITICAL UPHEAVAL AND THERE'S AN OUTBREAK OF ZIKA.
|
|
Emerging earnings overall are headed for a fifth year in recession, Morgan Stanley says, predicting a 7 percent drop in 2016.
|
|
The island's economy has been in recession for nearly a decade, and has a current unemployment rate of about 11 percent.
|
|
But the promised recovery has not materialized and Argentina is in recession with inflation running at 55% on an annual basis.
|
|
The island has been mired in recession for over 10 years, causing many Puerto Ricans to migrate to the 50 states.
|
|
The U.S. is probably already in recession thanks to the fear-induced slowdown from the coronavirus, economist Alan Blinder said Wednesday.
|
|
" The relief package moved through Congress as Federal Reserve Chair Jerome Powell said the United States "may well be in recession.
|
|
The economy is in recession, and there is virtually no way Greece can dig itself out of such a deep hole.
|
|
Roughly two-thirds of economists say the U.S. manufacturing sector is in recession, according to a new Wall Street Journal poll.
|
|
Its economy has been in recession for 15 years, its population continues to decline, and it is attracting little new investment.
|
|
It's the largest two-month drop in recession jitters since May 22007, the next-to-last month of the Great Recession.
|
|
Of those episodes, five ended in recession, according to research from Michael Darda, chief economist and market strategist at MKM Partners.
|
|
They figure the current boom will begin petering out as soon as mid-2019 and possibly end in recession in 33.
|
|
They figure the current boom will begin petering out as soon as mid-2019 and possibly end in recession in 2020.
|
|
The Fed normally holds its fire on rate cuts until the economy is on the verge of or already in recession.
|
|
But their factory sectors have held up better than Germany's, which is more dependent on exports and appears to be in recession.
|
|
Business investment in Canada has been hit by the slump in oil prices that briefly put the country in recession last year.
|
|
"The coronavirus outbreak will probably keep the city in recession for a while longer," said Martin Rasmussen, China economist at Capital Economics.
|
|
Western Australia would be in recession, if it weren't for high iron ore exports giving the impression that state economy is expanding.
|
|
"The coronavirus outbreak will probably keep the city in recession for a while longer," said Martin Rasmussen, China economist at Capital Economics.
|
|
Business leaders and some politicians believe increased farming investment will help reduce poverty in the region, boosting growth in recession-hit Brazil.
|
|
It has since slowed to 18.71%, but rates have been left unchanged, with the economy in recession and the lira still weak.
|
|
Motor vehicle and parts production tumbled 20.3 percent last month, the largest drop since May 20.1, when the economy was in recession.
|
|
The global financial crisis triggered by a U.S. housing meltdown was the last time Mexico was in recession, contracting for three quarters.
|
|
If that happens, it could create a spiral ending in recession, both in Britain and across Europe, adding to pressure on banks.
|
|
Dire data on German industrial output stoked concerns Europe might already be in recession and pushed bund yields deeper into negative territory.
|
|
Recent governments controlling the island believed that Puerto Rico was in recession, and sought to remedy the situation with increased government spending.
|
|
Industrial production during the January to June interval has been in recession, and retail sales barely eked out a 23.14 percent growth.
|
|
"That is very restrictive in an economy that is in recession and with high rates, with economic activity hit hard," he said.
|
|
"The consumer is the bright spot of the U.S. economy, but capex and the manufacturing sector are already in recession," Roman added.
|
|
Sixty-nine percent of US CFOs surveyed by Duke University expect the United States will be in recession before the end of 2020.
|
|
"Unless you're in recession, you don't peak a bull market until when you combine the operating earnings P/E and inflation," said Dwyer.
|
|
Brazil is not officially in recession, but with the economy likely having contracted in the first quarter, it may be half way there.
|
|
Poor ticket sales have compounded existing financial challenges in recession-battered Brazil which have already impacted operations at the Olympics, which close Sunday.
|
|
Under the scheme, countries that accumulate surpluses in economic good times could spend the money to help cover deficits in countries in recession.
|
|
Italy's back-to-back economic contractions to end 2018 put the country in recession and its stock market, like most of Europe, suffered.
|
|
The economy, mired in recession since mid-2014, is not expected to stir before the end of the year—and then only sluggishly.
|
|
Industrial production has slowed even more sharply in Germany than in Italy, which is in recession, note economists at Goldman Sachs, a bank.
|
|
THE last time Australia was in recession, Mikhail Gorbachev led the Soviet Union and Donald Trump had filed for Chapter 11 only once.
|
|
That view was boosted by data showing Germany's manufacturing sector remained stuck in recession and euro zone factory activity contracted sharply in October.
|
|
Puerto Rico, with a 45 percent poverty rate, has been in recession for nearly a decade and is losing population to the mainland.
|
|
"Manufacturing will likely remain in recession, while services will be supported by the financial sector, tourism-related services and business services," she said.
|
|
But given the warning signs, Democrats must also prepare for the likelihood that the next president will preside over an economy in recession.
|
|
The economy he inherits from his centre-right predecessor, Mauricio Macri, is in recession and has an inflation rate of more than 50%.
|
|
Some $400 billion in undeclared funds was being held outside Argentina, the economy was in recession and the government badly needed to boost revenues.
|
|
But the economy has remained in recession as inflation reduces purchasing power and a promised flurry of foreign investment has largely failed to materialize.
|
|
Its economy had been in recession for a decade, pushing the island into bankruptcy to restructure about $103 billion in bond and pension debt.
|
|
The big picture: The country is now in recession, having completely reversed an incredible economic expansion that had seen significant growth and plummeting unemployment.
|
|
He noted that Macri remains politically vulnerable if he cannot revive an economy that is still in recession a year after he took office.
|
|
It has not helped that growth is stalling in China, Kazakhstan's second largest trading partner, while Russia, its largest, is now deep in recession.
|
|
Britain had been forced to abandon its currency peg with Germany, in 1992, because it was in recession even as Germany enjoyed a boom.
|
|
With the Brazilian economy in recession, and many large firms heavily in debt, Oi's troubles might be a grim portent of things to come.
|
|
Puerto Rico, with 225.5 million U.S. citizens, has spent the last ten years in recession with debt piling up to pay for basic services.
|
|
Eighty-two percent of US CFOs surveyed by Duke University believe that the United States will be in recession by the end of 2020.
|
|
Africa's most industrialised economy is mired in recession, and faces revenue shortfalls, ballooning debt, cash-strapped state firms and a rising public wage bill.
|
|
This time around, while the economy is not in recession, it is not particularly strong either, using the main criterion favored by Professor Fair.
|
|
The problem, however, is that government stimulus programs were conceived as a way to revive economies in recession, not to keep growth alive indefinitely.
|
|
Growth in the European Union, Turkey's most important market, has slowed to a crawl while Italy is in recession and Germany close to one.
|
|
The labour-market effects of the slowdown are, unsurprisingly, most evident in Germany's manufacturing sector, which has been in recession for over a year.
|
|
Trade policy uncertainty remains elevated, U.S. manufacturing already appears in recession, and many estimates of recession probabilities have risen from low to moderate levels.
|
|
With growing evidence of the corporate damage from paralysed supply chains and consumer spending, analysts have suggested the global economy was already in recession.
|
|
Since 2014, the year of its disputed annexation of Crimea, which spurred Western reprisals, Russia has languished in recession or realized only minuscule growth.
|
|
But, with the economy in recession, the wave of foreign investment he promised for the second half of this year has been slow to arrive.
|
|
The assessment on the index by the government says the economy is worsening, which suggests there is a high possibility the economy is in recession.
|
|
"This recovery was about cheap money, not economic fundamentals," said Schiff, suggesting that the non-service sector in the United States is already in recession.
|
|
Should the U.K. suffer a further contraction in the three months to the end of September, then the U.K. economy will officially be in recession.
|
|
Up is down, down is up, the bull is a bear, the bear is a bull and an economy in recovery is really in recession.
|
|
That could further damage the Turkish defense industry, deal another blow to an economy in recession and accelerate Turkey's drift away from its Western allies.
|
|
Puerto Rico, home to 3.5 million U.S. citizens, has spent the last ten years in recession with debt piling up to pay for basic services.
|
|
Zandi, the Moody's economist, said the current jobs market is strong enough that it suggests an economy that is "struggling" rather than one in recession.
|
|
But with China fears growing and Brazil and Russia in recession for a second straight year, investment returns are unlikely to recover soon, many fear .
|
|
Despite Trump's pledge to bring back manufacturing jobs, the sector is now in recession, she wrote, and wages for the industry lag the national average.
|
|
The new result marked the biggest proportion of lenders planning to tighten consumer lending since the end of 2008 - when Britain was mired in recession.
|
|
The hurricane hit as Puerto Rico entered its 11th year in recession and struggles to restructure a portion of its $73 billion public debt load.
|
|
South Africa's credit rating was downgraded by Moody's on Friday, citing a recent cabinet reshuffle and reduced growth prospects for an economy mired in recession.
|
|
Trump has cited the negative yield on Germanys 10-year bond approvingly, but it is a product of an economy nearing or perhaps in recession.
|
|
Another term for a shrinking economy would be an economy in recession, and there is no reason to believe that a recession is currently underway.
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The labour dispute comes as the South African economy is in recession for the first time since 2009 because of weakness in manufacturing and trade.
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The most recent is Alaska, which was in recession from Q2 2016–Q2 2017, Lending Tree chief economist Tendayi Kapfidze notes in a recent post.
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In the last quarter, production was nearly a point below inventories, a phenomena that has happened only when the economy was in recession, said LaVorgna.
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His position on stimulating an economy in recession echoes his signature proposal, the freedom dividend policy, which promises $1,000 a month to every American adult.
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Hong Kong leader Carrie Lam, now mired in recession, might not last past March, and Iraqi Prime Minister Abdul Mahdi announced his resignation on Thursday.
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During his presidency, inflation has skyrocketed, poverty has increased and the economy has been mired in recession for 3 of his 4 years in office.
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But Buhari's critics say the administration has made little headway, with the economy in recession, corruption still endemic and Boko Haram continuing to carry out attacks.
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Fitch expects the economy to remain in recession in 2017, but the pace of contraction to decelerate due to a relative improvement in consumption and investment.
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Employers in recession-hit Brazil expect to shed more workers in the second quarter, but the labour market is stronger than it was a year ago.
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But consumption growth is decelerating even more quickly, with most major advanced economies and emerging markets now either in recession or on the brink of it.
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"Project cancellations, deferrals and canceled exploration mean lower supplies; a positive in a world that is not in recession," Fidelity Investments portfolio manager Joe Wickwire said.
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Inheriting an economy languishing in recession and with double-digit unemployment and inflation, Hawke embraced economic deregulation that belied his connections with Australia's largest trade unions.
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Africa's largest economy is in recession as oil revenues have fallen and hard currency reserves dwindled, forcing the closure of plants unable to import raw materials.
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Turkey's economy is in recession and the United States, its NATO ally, has threatened sanctions if Erdogan goes ahead with plans to install Russian missile defenses.
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Moody's rating agency is scheduled to review its stance on South Africa on Friday, with Mboweni's appointment seen restoring stability for an economy now in recession.
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When Renzi took office in 2014, he was a youthful, new force nicknamed "Demolition Man", promising to revitalize a country mired in recession, bureaucracy and corruption.
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Private equity firms' shares have underperformed market benchmarks to begin the year as investors price in recession fears and the rising cost of credit for deals.
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And then again, it's kind of known that in recession or economic downturns, a category like snacking is usually not that much affected as other categories.
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Greece has received about 260 billion euros in bailout aid since 2010 in exchange for reforms and deep spending cuts that plunged the economy in recession.
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It will take signs that the global economy (or at least America's) is actually in recession for investors to succumb to outright panic. Economist.com/blogs/buttonwood
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CNBC's Jim Cramer remembers the days when the market declined and traders would flock to safety in "recession-proof" stocks like General Mills and Kimberly-Clark.
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A government assessment this week showed Japan may already be in recession due to the impact of a U.S.-China trade war and weak external demand.
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However, investor sentiment is near rock bottom for Brazil, which is deep in recession and political crisis, while Turkey is troubled by security and economic problems.
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As the coronavirus crisis wreaks destruction across the US economy, business leaders are dialing up the investment bankers who specialize in recession tactics, defaults, and distress.
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Manufacturing was already in recession when the virus hit and will likely fall further into negative territory as factories are shuttered and workers kept at home.
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Whereas the US had been in recession for nearly a year in November 22008, the 47.43 election came long after the recession ended in March 247.4.
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Many economists expect Germany, Europe's powerhouse, to be in recession in the first half of 2020 and some predict a similar outturn for the entire bloc.
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Even before the coronavirus, South Africa was mired in recession and falling industrial output caused mostly by power cuts at its dysfunctional state-run utility, Eskom.
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What's happening: Bearish investors appear to have seized control of stock markets and are now pricing in the effect of the already-in-recession manufacturing sector.
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Tokmanni's plans come amid weak consumer demand in recession-hit Finland, but the company says it expects to benefit as from customers turning increasingly price-conscious.
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BERLIN (Reuters) - Germany is not in recession, a spokeswoman for the Economy Ministry said on Friday, after Europe's largest economy contracted by 0.1% in the second quarter.
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Maria was a vicious blow to an already struggling island that has been in recession for more than a decade, with a poverty rate near 50 percent.
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The U.S. territory's economy already was in recession before Hurricane Maria and its government had filed for bankruptcy in the face of a $72 billion debt load.
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The 28-member bloc is facing widespread growth declines (Italy is in recession, Sweden just avoided one) and political instability from Brexit and growing anti-euro populism.
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With unemployment at 9.3% and the economy in recession, union-organised protests brought tens of thousands of demonstrators onto the streets of Buenos Aires on September 2nd.
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But that same poll showed a median forecast of 20 percent inflation in 2017, when the economy, currently mired in recession, is expected to return to growth.
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Puerto Rico's economy was already in recession before Maria landed and its government filed for bankruptcy in the face of $120 billion in debt and pension liabilities.
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Virtually all of the world's major countries except China and Mexico are in recession, whether led by a contraction in manufacturing, or by the bust in commodities.
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Now, with the economy in recession and oil revenues in decline, regional authorities are getting "sticks instead of carrots", says Nikolai Petrov, an expert on regional politics.
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It almost went under in 1981 when America was in recession and Japanese makers of motorcycles dumped unsold inventory onto the American market at extremely low prices.
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The U.S. economy ground to a virtual standstill in the fourth quarter of last year, according to many estimates, and the manufacturing sector is already in recession.
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Lasso expects the economy to remain mired in recession this year but grow 1.8 percent next year before reaching 5 percent in 2021 if he is elected.
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Eskom implemented a fifth day of controlled power cuts on Monday, putting more strain on an economy already mired in recession only months before a national election.
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Puerto Rico's creaky power grid was wiped out in the storm, a loss expected to further cripple the island's economy, which has long been mired in recession.
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"We're expecting a 0.5% quarter-on-quarter contraction this quarter so the economy is probably now in recession," said Marcel Thieliant, Senior Japan Economist at Capital Economics.
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"We're expecting a 0.5% quarter-on-quarter contraction this quarter so the economy is probably now in recession," said Marcel Thieliant, Senior Japan Economist at Capital Economics.
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According to our analysis, the economy has always entered or has been in recession when the unemployment rate increased 22019 basis points from its trailing cyclical low.
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But if the strike drags on for months, states such as Michigan, Ohio and Indiana could end up in recession later this year or early next year.
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BERLIN (Reuters) - Germany's Ifo institute on Monday said that although its headline business climate index rose slightly in November, Germany's manufacturing sector is still stuck in recession.
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South Africa's rand ZAR= is forecast to remain weak at 15.40 per U.S. dollar in 12 months after its economy was confirmed to already be in recession.
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Puerto Rico's economy was already in recession before Maria landed and its government filed for bankruptcy in the face of $120 billion in debt and pension liabilities.
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The British Chambers of Commerce forecast on Tuesday that economic growth this year and next would be the slowest since the country was last in recession in 2009.
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The general business activity and company outlook indexes came in at their lowest readings since April 2009, the report said — a time period that saw Texas in recession.
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But June manufacturing data was also unexpectedly poor and factory output for the quarter contracted at the fastest rate since early 2009, when Britain was mired in recession.
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Greece remains in recession with the highest jobless rate in Europe and a stalled creditor review has interrupted payouts under its international bailout programme, its third since 2010.
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Hardly an example of an economy America should emulate, China is facing its own looming debt crisis and several sectors, such as steel and cement, are in recession.
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Hurricane Maria dealt a vicious blow to an already struggling island that has been in recession for more than a decade, with a poverty rate near 50 percent.
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Even if Mr Kuczynski's reform plans flounder, however, Peru looks rather good relative to its Latin American peers, many of which are mired in recession and political strife.
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January's reading had been the weakest for that month since 2009, when the economy was deep in recession, and February's data remains weaker than the euro zone PMI.
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The move has trimmed government spending but contributed to inflation that economists say ended 22015 at 21 percent, eating into purchasing power as the economy remains in recession.
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The economy has now been in recession for the past decade, with its gross national product (GNP) declining by around 1 percent a year on a consistent basis.
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Tokmanni's plans come at a time of weak consumer demand in recession-hit Finland, but the company says it expects to benefit from customers becoming increasingly price conscious.
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Nose-to-tail and farm-to-table became key market principles in recession food culture, part of a "fantasy of rustic or peasant-style cooking," in Stanek's words.
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While our economy is rebounding, unemployment is decreasing, housing is strong and the stock market is at an all-time high, Russia has been in recession since 22019.
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Greece remains in recession with the highest jobless rate in Europe and a stalled creditor review has interrupted payouts under its international bailout program, its third since 2010.
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It's the job of the National Bureau of Economic Research to determine when the economy is in recession -- not the stock market, and certainly not stock market prognosticators.
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"This scenario would put Japan and Europe in recession, and the U.S. close to zero," Laurence Boone, the organization's chief economist, told reporters during a conference call Monday.
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Turkey's economy, the largest in the Middle East, is in recession after a currency crisis last year chopped 30% from the lira and sent inflation and unemployment soaring.
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"There is a diverging economic development: the export-oriented manufacturing sector, which accounts for about a quarter of economic output, is in recession," Ifo economist Timo Wollmershaeuser said.
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Major economies like those of Germany, Italy and Japan were all in recession, while major emerging market economies like those of China and India were experiencing abrupt slowdowns.
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After nearly six months of escalating protests, Hong Kong is a mess, its reputation for efficiency in tatters, its economy in recession, its roads and rails often blocked.
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Weakness in recession-hit Brazil, its second-largest market after France, however weighed on the overall performance and group operating profit fell 18.2 percent in the first-half.
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South Africa's unemployment is at a 14-year high, and key sectors of the economy, such as trade and manufacturing, are struggling as the country reels in recession.
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The jump was the first such increase the survey reported since 6900, when the U.S. economy was in recession and shortly before major provisions of ObamaCare took effect.
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But the sultan has had to whittle back some of those benefits — Brunei has been in recession for three straight years — and tighten up the ship of state.
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Germany may be in recession, economists said, after they trawled through an unexpectedly horrible set of industrial and manufacturing data published on Wednesday's from the world's fourth-largest economy.
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Manufacturing production is down over the past year; combined with weakness in shipping and very hard times in agriculture, around a fifth of the economy is effectively in recession.
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"Argentina and Paraguay are in recession, Mexico and Brazil in stagnation, Peru and Ecuador in deep political crisis and in this context Chile looks like an oasis," said Pinera.
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"The German and French indicators are consistent with very slow growth while the Italian indices are clearly in recession territory," a note from Capital Economics said earlier this week.
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"German industry is now in recession, and this is now also impacting the service providers catering to those companies," said Claus Michelsen of the German Institute for Economic Research.
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But while Macri has also floated the peso, removed capital curbs and brought Argentina back to the global bond market, it remains mired in recession with 40 percent inflation.
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Some estimate that the cost of hosting the Games may top $20 billion, a sum that an almost bankrupt city in a country deep in recession can ill afford.
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"This is an economy in recession, and every dimension of the report confirms that," Ethan S. Harris, an economist at Barclays Capital, told The New York Times in 2008.
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One of those who echoed the president's concerns was Boockvar, who told CNBC's "Futures Now " on Thursday, that 10 of the last 13 rate hike cycles ended in recession.
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Mired in recession, Nigeria is grappling with a currency crisis and dollar shortage brought on in part by the low price of oil, the cornerstone of Africa's largest economy.
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A government index measuring current economic conditions showed Japan may already be in recession, while first-quarter gross domestic product (GDP) data showed weakness in consumption and capital expenditure.
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Brazil is also deep in recession and the International Monetary Fund believes its economy will shrink by 3.5% this year, on the back of a 3.8% fall last year.
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The country remains in recession with the highest unemployment rate in Europe, and a stalled creditor review has interrupted payouts under its international bailout program, its third since 2010.
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January's weak sales pace means it would take wholesalers 1.35 months to clear shelves, the highest inventory-to-sales ratio since April 2009, when the economy was in recession.
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Monthly data showed the economy expanded by 0.1% in April and was flat in May, so June's economic performance may be decisive in determining whether Mexico is in recession.
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"We already know the manufacturing sector is in recession for three reasons—trade tensions, the Boeing MAX, and the GM strike," said Ward McCarthy, chief financial economist at Jefferies.
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Add to this a repressed employment market and an economy that has been in recession since the third quarter of 2005, and the problems that we face doubled exponentially.
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Brexit worries weighed on consumer and business morale, according to the surveys, while car production is falling at its fastest rate since Britain was last in recession in 2009.
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The U.S. commonwealth also suffers from a near-insolvent public health system, having spent the last 10 years in recession with debt piling up to pay for basic services.
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Beyond the turmoil in Brasília, Brazil's financial markets surged Thursday amid speculation that an impeachment could lead to a retreat from policies that have mired the economy in recession.
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Temer has vowed to erase the deficit in coming years in a bid to regain confidence of investors in a once-booming economy that is now mired in recession.
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The spike in recession fears in August seemed to bring a more conciliatory tone from the Trump administration, even if concrete progress in trade negotiations isn't really in evidence.
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China is dealing with a sharp slowdown, Germany's annual growth is at a five-year low, Brexit continues to weigh on the United Kingdom and Italy is in recession.
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BERLIN, Nov 25 (Reuters) - Germany's Ifo institute on Monday said that although its headline business climate index rose slightly in November, Germany's manufacturing sector is still stuck in recession.
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But with inflation at over 50%, real wages falling and the economy in recession, Mr Macri's chances of winning a second term in an election on October 27th waned.
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The tariffs would shatter previous agreements with the two, South America's biggest economies, at a time when Argentina is in recession and Brazil confronts high unemployment and anemic growth.
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The Federal Reserve Bank of New Yorks yield curve model implies there is a probability of well over 30% that the economy will be in recession in August 2020.
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If the global economy is growing slowly, or even in recession, there will be more slack in the distillates market, making fuel switching easier, and muting the price impact.
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But in both cases, during the initial election campaigns the economy was in recession and the CAPE ratio was extremely low — around 5 in 1920 and 9 in 1980.
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That would put the economy in recession - usually defined as a period of at least two consecutive quarters of contraction - after it shrank by 0.1% in the second quarter.
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If the economy grows too fast it could lead to higher inflation, which could force the Fed to raise rates more quickly — a course that often ends in recession.
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The partial government shutdown at the start of the year also had a negative impact on the economy, but that's probably not enough to put the US in recession territory.
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Brazil's economy is stagnating and may even be in recession, the global outlook is deteriorating and there are signs that inflation is drifting back toward the central bank's 4.25% target.
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But Argentina's economy remains mired in recession and its Supreme Court dealt Macri's government a setback in August, ruling that home heating subsidies could not be cut without public hearings.
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He thinks the government's spending commitments and a stagnant economy (which ended 2018 in recession), could push next year's budget deficit above the European Union's limit of 3% of GDP.
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Europe's largest hotel group posted higher underlying sales on Tuesday as robust demand for hotel rooms in most markets overcame a weaker performance in France and in recession-hit Brazil.
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In most cases, when non-commercial traders have switched to a substantial net short or bearish position the economy has been experiencing a sharp slowdown or is already in recession.
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"The data is telling us that EM's exernal sector is effectively still in recession - that is one factor that will keep currencies volatile and equity markets quite choppy," said Narain.
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But this has come at a high cost to the economy: data last week showed Saudi Arabia in recession during the second quarter, and unemployment among Saudis at 12.8 percent.
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The economy may not be in recession but corporate earnings are, and what is forecast to be the worst reporting season in more than six years is about to begin.
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Russia—mired in recession, criticised over its invasion of Ukraine and at the centre of a doping scandal—could at least point to football hooliganism as something it exports well.
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With Africa's biggest economy mired in recession, delegations including Acting President Yemi Osinbajo have held talks since late last year with leaders in the oil-producing states in the southeast.
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CARACAS (Reuters) - Vehicle production in recession-hit Venezuela has plunged 86 percent in the first half to less than 10 units a day, national automakers organization Cavenez said on Monday.
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Almost half of US chief financial officers believe the United States will be in recession by the end of next year, according to a Duke University survey released last week.
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"We think that the consumer is the bright spot in the US economy, but that capex and the manufacturing sector is obviously already in recession, and it's difficult," he added.
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It has been in recession since 2015 due to a slump in oil prices and contagion from an economic crisis in neighbouring Russia, with which its economy is closely tied.
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He's now on track to face the more broadly popular Joe Biden with the economy "in recession right now," as his former economic adviser Gary Cohn told CNN on Thursday.
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New Zealand reported the economy grew 0.5% in the December quarter and 1.8% for the year, but again analysts assume it will soon be in recession as the coronavirus spreads.
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The best solution is for Congress to actually manage the budget in a responsible way, enacting stimulus if the economy is in recession but aiming for deficit-neutral tax reform.
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And the Fed slowly raised rates after it slashed rates to near zero in response to the financial crisis, as it tried to prop up an economy mired in recession.
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Russian media reported on a draft decree to dissolve the FSKN last year, and with the economy in recession, the government announced it would cut its budget by 10 percent.
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When the governor took office, the state was in recession, with unemployment near double digits, jitters about exiting businesses and thousands of families tossed out of their homes by foreclosure.
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The Argentine government ordered a mandatory quarantine from last Friday until March 31, dealing a significant blow to an economy already in recession, with high rates of inflation and poverty.
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"This year, the industrial sector is likely to remain in recession, which will stretch to the longest since reunification (in 1990)," the BDI industry group wrote in a quarterly report.
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Tensions within the alliance have coincided with an extended sales slump in China that threatens to keep the global car industry in recession for a third consecutive year in 2020.
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But with China fears on the rise and Brazil and Russia in recession for the second straight year, investment returns across the sector are unlikely to recover soon, many fear.
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Argentina's inflation is running at an annual rate of above 50%, interest rates are sky-high and the economy has been mired in recession for most of the last year.
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Japan is now battling to prevent the coronavirus from disrupting the summer Olympic Games in Tokyo — even if it means locking down an economy that is already technically in recession.
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"While the performance of domestically oriented service providers and construction companies continues to improve, industry remains caught in recession," Timo Wollmershaeuser, head of forecasting at Ifo, said in a statement.
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If they are imposed, the tariffs stand to do considerable damage to South America's two biggest economies as Argentina is in recession and Brazil confronts high unemployment and anemic growth.
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"This year, the industial sector is likely to remain in recession, which will stretch to the longest since reunification (in 1990)," the BDI industry group wrote in a quarterly report.
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Many economists would agree that in, say, 2009, when unemployment is surging and the economy's in recession, it makes sense to do big deficit spending to get demand up again.
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Some analysts say the economy is already in recession and rating agency Standard & Poor's, which last week cut Kazakhstan's rating to just one notch above junk, forecasts zero growth this year.
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That has been downgraded to junk by two of the top three rating agencies, unemployment is at a 14-year high of 27.7 percent and the economy is back in recession.
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Argentina has some of the world's most generous labor laws and they are making it more difficult for small business owners like Meloni to adapt to an economy now in recession.
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Russia and Brazil, however, are mired in recession with both economies contracting by more than 3 percent last year and forecast to shrink again in 2016 by the International Monetary Fund.
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Last quarter, for instance, the government initially said the economy was in recession, having contracted for two straight quarters, only to declare a few weeks later that output had actually grown.
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Nigeria, which relies on crude sales for around 70 percent of its national income, is in recession for the first time in 25 years largely due to low global oil prices.
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Nigeria, Africa's biggest economy, is in recession with a slump in the oil revenues that make up the bulk of its foreign earnings having hammered public finances and the naira currency.
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According to the Congressional Budget Office, nearly one in six young men is either jobless or incarcerated, up from about one in 10 in 1980, when the economy was in recession.
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The subdued European data though, which also saw Italy confirmed in recession, pushed long-term market inflation expectations to new lows, while putting downward pressure on bond yields in the bloc.
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He said the regulator eased rates due to weak growth and an improved inflation outlook, but said monetary policy alone would not be enough to spur an economy languishing in recession.
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Oil exporters have been hit by the falling price of crude: the OECD expects growth to remain subdued in Angola and Nigeria while Equatorial Guinea is forecast to remain in recession.
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Additionally, Bank of America also believes that many indicators of America economy now is with yellow alarm, next year, there is a 30% probability that the US economy is in recession.
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The deficit, which hit $98 billion in 2015, is shrinking but at a high cost to the economy - data in late September showed Saudi Arabia in recession during the second quarter.
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Global economic health has never been more robust, as the number of countries in recession has fallen to the lowest level in decades, according to a new report from Deutsche Bank.
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It's by far the freshest, coolest… and also in these difficult times, with the economy in recession, it is a beer that can easily be bought and have some fun with.
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The weak sales pace in January means it would take wholesalers 1.35 months to clear shelves, the highest inventory-to-sales ratio since April 0.13, when the economy was in recession.
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Announcing a reform package meant to revive an economy in recession, he said the government will take structural measures to counter food inflation and would secure a permanent decline in inflation.
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WASHINGTON (Reuters) - Mexico's economy is not in recession yet but the federal government is trying to counter an economic slowdown with targeted infrastructure spending, Finance Minister Arturo Herrera said on Tuesday.
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The progressive inversion of the U.S. Treasury yield curve suggests there is now a probability of 30 percent or more that the U.S. economy will be in recession by March 26.
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The progressive inversion of the U.S. Treasury yield curve suggests there is now a probability of 30 percent or more that the U.S. economy will be in recession by March 2020.
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However, after the city state's economy contracted sharply in the third quarter, with its services sector in recession and manufacturers hit by weak global demand, many analysts are hedging their bets.
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The survey's outlook reinforces the growing view that Japan's economy may already be in recession after having likely peaked out last autumn, said Yasunari Ueno, chief market economist at Mizuho Securities.
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The economy remained in recession in 2016 contracting by 2.6% in 2016 due to weak growth in trade partners, real wage contraction, tighter policy stance and the gas price dispute with Russia.
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Brent crude oil futures gained 0.68% to $59.04 per barrel, following in the tracks of improved equity markets, with an ebb in recession concerns curbing fears of weak global demand for commodities.
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RIO DE JANEIRO — The billionaire and prominent Silicon Valley financier Peter Thiel has returned to investing in Brazil, even as the country remains mired in recession and faces almost weekly political upheavals.
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Brent crude oil futures gained 1% to $59.22 per barrel, following in the tracks of improved equity markets, with an ebb in recession concerns curbing fears of weak global demand for commodities.
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Claudia Sahm of the Federal Reserve argued in favour of a payment to all Americans, to be triggered by a historically accurate and timely gauge of whether the economy is in recession.
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Temer, who is serving in the place of impeached President Dilma Rousseff, has been replacing her appointments with more market-friendly candidates in an effort to kick-start an economy in recession.
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But that has all fizzled, with Brazil in recession, Rousseff scrambling for political survival and millions of Brazilians lamenting a lost chance for their country to enter the ranks of developed nations.
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The island's economy has been in recession for nearly 10 years, with an unemployment rate of about 11.0 percent, and the population has fallen by about 10 percent in the past decade.
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With its economy already in recession and with both a public debt mountain and a shaky banking system, the last thing that Italy can afford is another period of irresponsible budget policies.
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Their demands are almost triple the current inflation rate of 5.3 percent and come against the backdrop of an economy mired in recession with the unemployment rate at a 14-year high.
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But the migrants, like those in Idomeni, who arrived before that date now find themselves stuck in recession-hit Greece, unable to make their way to their preferred destinations in Northern Europe.
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EARNINGS: Even though the U.S. economy is continuing to grow as evidenced by recent figures on auto sales and jobs growth, albeit at a slowing pace, public company earnings are in recession.
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Among Mr. Brinkley's other books were "John F. Kennedy" (2012), "Franklin D. Roosevelt" (2009), "Liberalism and Its Discontents" (1998) and "The End of Reform: New Deal Liberalism in Recession and War" (1995).
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Goldfajn's predecessor, Alexandre Tombini, repeatedly failed to lower inflation the center of the target, raising doubts about the credibility of the bank amid growing political pressure to safeguard an economy mired in recession.
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Belying his trade union connections before being elected to parliament, Hawke ushered in a wave of economic deregulation that turned around an economy languishing in recession and with double-digit unemployment and inflation.
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ALREADY PEAKED The survey's outlook reinforces the growing view that Japan's economy may already be in recession after having likely peaked out last autumn, said Yasunari Ueno, chief market economist at Mizuho Securities.
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Unemployment is set to surpass 25% this year, according to the IMF, and the economy is expected to remain in recession this year and the next after shrinking a massive 18% last year.
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Nigeria, which has Africa's largest economy, is in recession for the first time in 25 years, largely due to a fall global oil prices, which has slashed the state's main source of income.
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During the debt crisis, when many euro zone economies were hardly growing or in recession, the Commission emphasised the structural balance of government books, because it was not dependent on the economic cycle.
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The IHS Markit services Purchasing Managers' Index (PMI) edged up to 50.0 -- which represents zero growth -- from 49.5 in September, one of the lowest readings since Britain was last in recession in 2009.
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SANTIAGO, March 9 (Reuters) - LATAM Airlines, Latin America's largest airline, said on Wednesday it did not foresee demand recovering soon in recession-hit Brazil, but sales were still strong elsewhere in the region.
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That means if the administration appeals the court ruling and wins, the expanded work requirements could be leveled as soon as the coronavirus outbreak ends, even if the economy is still in recession.
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The German economy has weakened as its export-dependent manufacturing sector languishes in recession due to trade conflicts and uncertainty linked to Britain's planned departure from the European Union which have stifled demand.
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Nigeria, which has Africa's largest economy, is in recession for the first time in 25 years, largely due to a fall global oil prices that has slashed the state's main source of income.
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Political unrest has taken a wrecking ball to the economy, which is in recession, and hammered local outfits like MTR Corp, manager of the subway system, which has been repeatedly vandalised by demonstrators.
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The Europeans are nowhere near making up for the cost and dislocation caused by US sanctions, the $15 billion line of credit has gone nowhere and the Iranian economy is deep in recession.
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Already mired in recession, Turkey stands to lose access to its second-largest export market for years to come if Brexit goes wrong, with its autos, textiles and appliances facing the biggest risk.
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BERLIN (Reuters) - The German industry remains in recession but is no longer in free-fall and an improvement in the sector's prospects is coming into view, the Ifo economic institute said on Thursday.
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"Our various models do see an uptick in recession probability but are flashing yellow versus red," said Dan Ivascyn, group chief investment officer at Pacific Investment Management Co (Pimco) in Newport Beach, California.
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"Lower oil prices and needed fiscal adjustment will keep the economy in recession in 2016 with an expected decline in real GDP of 1.2 percent," the IMF said in report on Russia's economic outlook.
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It is also developing products such as fuel cards, a sector that is growing faster than other employee benefit schemes, notably in recession-hit Brazil, as companies seek to control business expenses more effectively.
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Prat-Gay's departure is part of a reorganization under which the Finance Ministry will be split in two as the economy remains in recession with a wide fiscal deficit a year into Macri's term.
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The stakes are higher for Turkey, which is mired in recession after a separate U.S. diplomatic dispute last year sparked a currency crisis that has echoed in recent weeks as ties have again frayed.
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On Monday, Mexican President Andres Manuel Lopez Obrador said the country was not in recession and that the economy was performing increasingly well, rejecting concerns that it may have contracted for two consecutive quarters.
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But the PCE deflators also reveal the awkward dilemma in which rate-setters find themselves about whether to cut rates, and if so how aggressively, given that the economy is not currently in recession.
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The government's response at the weekend, including threatening bankers and investigating their foreign exchange operations, rattled investors in a way that could spell trouble for an economy in recession and reliant on foreign funding.
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Rio has also been expecting more than 380,000 tourists for the Games, which come as Brazil's economy is mired in recession and its government reels from a corruption scandal at state oil company Petrobras.
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The differences come amid a deep rift between Athens, its European partners and the International Monetary Fund (IMF) over the reforms needed to get the Greek economy, in recession since 2009, back on track.
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At some point something will happen and we'll be back in recession, and by almost any reckoning we will not have much that we can do in the way of lowering our policy rate.
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Morgan Stanley forecast that if the U.S. lifts tariffs on all imports from China to 251.2 percent for 22016-2500 months and China takes countermeasures, the U.S. would be in recession in three quarters.
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Morgan Stanley forecast that if the U.S. lifts tariffs on all imports from China to 25 percent for 4-6 months and China takes countermeasures, the U.S. would be in recession in three quarters.
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The fact that Germany's manufacturing sector remained stuck in recession and that factory activity across the euro zone contracted sharply in October failed to dent the optimism, with the euro staying unchanged after data.
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"We've never seen a Congress in history serve up tax cuts on a platter to businesses and individuals unless the economy was in recession," said Chris Rupkey, chief economist at MUFG in New York.
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BUENOS AIRES (Reuters) - Argentina's government ended a required holding period for foreign capital in a decree published in the official gazette on Thursday, in order to attract investment with the country mired in recession.
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"At Thursday's low of 2500,22, the S&P 2300 was down 210% from peak, telling us that stocks have started to bake in recession," wrote Lori Calvasina, head of U.S. equity strategy at RBC.
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BRASILIA, Aug 31 (Reuters) - Brazilian President Michel Temer said it was time to unite the country after the impeachment of Dilma Rousseff on Wednesday, vowing to work to rescue an economy mired in recession.
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Accor rose 5.3 percent after the company posted higher underlying sales late on Tuesday, as robust demand for hotel rooms in most markets overcame a weaker performance in France and in recession-hit Brazil.
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Latest official data showed the economy in recession during the second quarter, with gross domestic product shrinking from the previous quarter and the non-oil sector expanding only 0.6 percent from a year earlier.
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"Given that the economy is not in recession, and it's unlikely to enter into recession, at some point the Fed is going to stop cutting rates," said Gus Faucher, chief economist at PNC Financial.
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Even if the market meltdown in December was an apparent over-anticipation of a sudden rise in recession risk, nothing has liberated Wall Street from concerns over the wind-down of this long economic expansion.
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The troubling signs in the stock market — rallies in recession-era favorites like utilities and retailers and breakdowns in economically sensitive stocks tied to construction and housing — are all but lost on , Cramer argued Monday.
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BRASILIA, April 12 (Reuters) - Brazil's embattled President Dilma Rousseff is considering reducing banks' reserve requirements to bolster credit and breathe new life into an economy mired in recession, a presidential aide told Reuters on Tuesday.
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For instance, starting a chart of American GDP growth in 2009, when the country was in recession, tricks the reader into thinking that over the long term the economy is stronger than it really is.
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This was in spite of the fact that the US economy was in recession for that entire period, which saw the collapse of Lehman Brothers and the downturn's explosion into a full-on financial crisis.
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But in recession-hit Brazil, where Casino makes around 40 percent of its sales, food retail sales grew 8.3 percent, driven by the cash and carry Assai stores and promotional activity at the Extra hypermarkets.
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In the nearer term, the violent moves in global markets present a clear and present danger to an emerging recovery in the European economy while leading to deepening economic weakness in places already in recession.
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For eight years, until October 2017, the group was chaired by Wolfgang Schäuble, Germany's former finance minister who oversaw the Greek debacle and the long years of fiscal austerity in recession-ridden euro area economies.
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It's sometimes argued that at 2.5 percent GDP growth, which is what we are at now, the world could be called in recession as per capita income growth rates may go negative in many countries.
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BUENOS AIRES (Reuters) - Argentina's economy shrank in the third quarter, remaining in recession as inflation ate into consumer purchasing power and weak activity in top trading partner Brazil hurt manufacturing, government data showed on Thursday.
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Puerto Rico: 11 years in recession and now no electricity Radars knocked out Maria became the first hurricane of Category 4 strength or higher in 85 years to make a direct landfall on Puerto Rico.
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The IHS Markit services Purchasing Managers' Index (PMI) edged up to 50.0 -- which represents zero growth -- from 49.5 in September, which was one of the lowest readings since Britain was last in recession in 0.23.
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Almost half (48.6%) of US chief financial officers believe the United States will be in recession by the end of next year, according to the Duke University/CFO Global Business Outlook survey released on Wednesday.
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Tens of thousands of people took part in marches in April calling for Zuma, 75, to step down over a string of graft scandals and missteps as the economy is in recession and unemployment rising.
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But with wages stagnant and scant job prospects in an economy mired in recession, many Argentines say they cannot afford to pay utility bills that in some cases have jumped by more than 1,000 percent.
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Several economies in Latin America are either in recession or sputtering, which prompted the International Monetary Fund in July to cut its growth projection for the region from a meager 1.6 percent to a dismal .
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The overall picture is one in which the most cyclically volatile parts of the economy are already contracting, and arguably in recession, while the more stable parts of the economy show continued but slowing growth.
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The Island's economy, which have been in recession since the last quarter of Fiscal Year 220006, would receive a devastating blow, sure to plunge it into an historic collapse never seen in any U.S. jurisdiction.
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Lacunza predicted that the country, which has been in recession for much of the last year, would be in a position to revive growth towards the second quarter of next year, likely driven by exports.
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The country's credit rating has been downgraded to junk by two of the top three credit rating agencies, unemployment is at a 14-year high of 27.7 percent and the economy is back in recession.
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The Society of Motor Manufacturers and Traders (SMMT) said car production fell 44.5% year-on-year to 70,971 units in April, the sharpest fall since exactly 10 years ago, when Britain was mired in recession.
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Venezuela ended the year in recession with triple digit inflation and a budget for 2016 calculated on an oil price of 50 dollars a barrel when Venezuelan oil is currently valued at around 30 dollars.
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JOHANNESBURG, Aug 2083 (Reuters) - South Africa's rand inched weaker on Wednesday as traders anticipated further weakness as the unit broke through successive technical levels in an economy in recession with possible ratings downgrades on the horizon.
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In December, central bank governor Ilan Goldfajn announced measures to reduce credit costs for companies and consumers in the medium- to long-term as part of the government's push to revive an economy mired in recession.
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The world's largest brewer, Anheuser-Busch InBev, reported better-than-expected profit growth on Thursday, citing signs of a turnaround in recession-racked Brazil, its second-biggest market, which has struggled to grow alcoholic beverage sales.
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"Private sector deleveraging will need to continue, Russia and Brazil are likely to remain in recession, and we expect China's growth to slow even more sharply in 2016 than it did in 2015," the note said.
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Retailer Casino posted forecast-beating first-quarter sales on Thursday that reflected an improved performance in its core French market thanks to cost cuts, while a decline in consumer electronics demand in recession-hit Brazil slowed.
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An industrial recession may be engulfing America "Seldom is the manufacturing sector in recession and the broader economy is robust," Deutsche Bank's Joseph LaVorgna wrote in a Thursday note, referring to continued concern over manufacturing data.
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Unemployment is at a 14-year high, key sectors of the economy are struggling as the country reels in recession and Fitch has warned that new rules on mine ownership introduced last week could deter investment.
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Twelve months into his presidency, the Dow Jones Industrial Average had soared 21625 percent, more than any other president, and nearly 2900 percentage points better than Obama's first year, when the economy was still in recession.
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The bank had cut the reference rate every week for more than two months, signaling confidence that inflation was cooling and helping make brick-and-mortar investments more attractive as the country remains mired in recession.
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BUENOS AIRES, Jan 24 (Reuters) - Economic activity in recession-hit Argentina fell 7.5 percent in November versus the same month in 2017, government data showed on Thursday, marking eight straight months of year-on-year losses.
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But in recent days, Trump has chafed at the dramatic economic fallout of those restrictions, which have rocked stock market indexes, and threatened to leave the U.S. in recession when he stands for reelection in November.
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As Axios' Dion Rabouin notes: The U.S. manufacturing sector has been in recession all year, and the latest reading showed the industry falling into an outright contraction and at its weakest point since the financial crisis.
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"German industry is in recession, and this is now also impacting the service providers catering to those companies," said Claus Michelsen, head of forecasting and economic policy at the German Institute for Economic Research (DIW Berlin).
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JOHANNESBURG (Reuters) - South Africa's main stock index scaled a record high on Monday, underscoring the market's disconnect from an economy mired in recession, hobbled by damaging ratings downgrades, and still largely defined by apartheid's income inequalities.
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Russia also has vast natural resources — it's the world's largest petroleum producer — and is not a significant debtor nation despite the fact its been mired in recession due to the oil price collapse and international sanctions.
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At a time that the European economy is already stuttering, with Italy in recession and the German economy on the cusp of a recession, the last thing that Europe now needs is a sclerotic U.K. economy.
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JOHANNESBURG (Reuters) - South Africa's economy is not in "recession territory" and there is a more than 50 percent chance ratings agencies will not downgrade it to "junk" status this year, Finance Minister Pravin Gordhan said on Tuesday.
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Turkey, whose economy is in recession, is likely to suffer from a no-deal British exit from the EU because it is part of an EU customs union and would lose open access to the British market.
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BUENOS AIRES, Jan 18 (Reuters) - Argentina's named economist Javier Gonzalez Fraga as president of Banco de la Nacion, the country's biggest financial institution, on Wednesday as President Mauricio Macri looks to jumpstart an economy mired in recession.
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The festival—a key contributor to the Swiss economy, bringing in an estimated $60 million in direct revenue for the town of Montreux—could be a welcome source of income for Brazil, which is currently in recession.
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"For the Bank of Japan and for policymakers, the message is very, very clear: the industrial part of the Japanese economy is in recession, " Jesper Koll, senior adviser at WisdomTree Investments, told CNBC's "Squawk Box" on Wednesday.
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Neither China nor India ever fell into recession in 2008-20183; indeed, I have struggled to identify the last time either of them was in recession, as it appears to have never happened in the 21st century.
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"Our view is that the U.S. will be in recession, or close to recession, by the middle of 2020," Paul Kitney, chief equity strategist in Asia Pacific at Daiwa Capital Markets, told CNBC's "Squawk Box" on Thursday.
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Temer, the former vice president who replaced President Dilma Rousseff this month while she stands trial for allegedly breaking fiscal rules, has vowed a shift toward more market-friendly policies to revive an economy mired in recession.
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MEXICO CITY (Reuters) - Mexican President Andres Manuel Lopez Obrador said on Monday the country was not in recession and that the economy was performing increasingly well, rejecting concerns that it may have contracted for two consecutive quarters.
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Macri, a member of one of Argentina's wealthiest families, had promised voters to kick-start the commodities-rich economy via a liberalization wave but four years later inflation is at 240% and the country is in recession.
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FRANKFURT (Reuters) - Europe must stop stalling and agree on debt relief measures for Greece on June 15 to revive the only euro zone economy still in recession, European Central Bank board member Benoit Coeure said on Tuesday.
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Both would be welcome in an economy that remains in recession one year after market-friendly President Mauricio Macri took office after more than a decade of populist rule led to a slowdown in real estate activity.
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First, the country has been in recession for two years, and with parliamentary elections coming up Mr. Putin wants to show that his administration is looking out for the general welfare with fresh blood and fresh ideas.
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Addressing the nation in a live television broadcast after a special cabinet meeting, Ramphosa said the outbreak, first detected on March 5, could have a significant and "potentially lasting" impact on a struggling economy already in recession.
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Despite all the cuts, the governor did not manage to completely close the state's budget gap, which has grown in recent years as oil prices and revenues have declined and the state's economy has been in recession.
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RECESSION RISK The overall picture is one in which the most cyclically volatile parts of the economy are already contracting, and arguably in recession, while the more stable parts of the economy show continued but slowing growth.
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The plan may help Chancellor Angela Merkel's conservatives and their Social Democrat (SPD) partners stem the Greens' surge, but it risks piling more pressure onto industry at a time when the economy may already be in recession.
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The balance sheet trend mirrors what has happened much of the time when the Fed has tried to raise rates over a prolonged period of time, with 10 of the last 13 tightening cycles ending in recession.
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The figures suggest that the German economy grew by 0.2% in the fourth quarter, Ifo economist Klaus Wohlrabe told Reuters, adding that the industrial sector nonetheless remained in recession and would emerge only slowly from that downturn.
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BERLIN, March 5 (Reuters) - The coronavirus is exposing the export-orientated German economy's vulnerability to disruptions in global trade that will likely keep the industrial sector mired in recession this year, business association BDI said on Thursday.
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Speaking to reporters on the sidelines of the World Economic Forum in Davos, Meirelles said the appreciation of the Brazilian real is due to the improving prospects of the economy, which has been in recession for two years.
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"Germany in recession would generate a strong buzz, and there is no doubt that economic conditions in the zone would force the ECB to take its next policy steps," said Daisuke Karakama, chief market economist at Mizuho Bank.
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Macri's government has generally been praised by investors after more than a decade of leftist rule, but investment has lagged as Argentina's economy remains mired in recession with inflation expected to have ended 2016 at around 40 percent.
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Fernandez faces a major challenge to revive Argentina's economy, mired in recession for much of the last year, while fending off a rising mountain of debt payments amid concerns the country may be forced into a damaging default.
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Many of the hundreds of thousands of Tajiks working in recession-hit Russia have been forced to return home, either because they lost their jobs or because their wages were no longer sufficient following the Russian ruble's devaluation.
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Turkey's economy is already in recession, rocked last year after fears over government interference into central bank independence, over-leveraged banks, a large current account deficit and a diplomatic spat with the U.S. triggered investor and capital flight.
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BRASILIA (Reuters) - The corruption-tainted speaker of the lower house of Brazil's Congress announced his resignation on Thursday, ending months of political bickering that threatened to deepen a legislative stalemate blamed for keeping the economy mired in recession.
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TOKYO (Reuters) - Japan's coincident indicator index declined in March and the government cut its assessment of the economy, a sign it may already be in recession as the U.S.-China trade war and weak external demand hurt activity.
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Macri, a member of one of Argentina's wealthiest families, came to power in 2015 on promises to kick-start Latin America's third-largest economy via a liberalization wave but inflation is at 210%, the country is in recession.
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Rural Thailand accounts for half of the population and has been in recession for over a year, adding to the problems the junta is facing reviving Southeast Asia's second-largest economy as exports and domestic demand remain weak.
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A Reuters poll of economists suggested the global economy was already in recession, while analysts at U.S. stock market index operator S&P Global said volatility in financial markets across geographies and asset classes was at record highs.
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The sharp jump in local coronavirus infections, which saw Ramaphosa announce a nationwide lockdown for 21 days starting on Thursday, is set to pile further pressure on an economy already in recession and suffering intense financial market volatility.
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Flashback: The current situation is a direct contrast to 10 years ago, when Wall Street bonuses were grandiose — despite an economy mired in recession (largely of the banks' making) and massive government bailouts of the financial services industry.
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"Its important to think about the potential for runs on commercial real estate stemming from a situation where short-term leases might not be renewed in recession, and long-term leases are no longer economically viable," Rosengren said.
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BRASILIA (Reuters) - Brazilian Foreign Minister Jose Serra warned against the excessive appreciation of the country's currency as it could hurt exporters, revealing concerns in the interim government that a stronger real could further sink an economy mired in recession.
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The troubling signs in the stock market — rallies in recession-era favorites like utilities and retailers and breakdowns in economically sensitive stocks tied to construction and housing — are all but lost on the Federal Reserve, Jim Cramer argued Monday.
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Nearly half (269%) of chief financial officers in the United States are predicting the American economy will be in recession by the middle of next year, according to the Duke University/CFO Global Business Outlook survey released on Wednesday.
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And at a time when many luxury Swiss watch brands are stuck in recession, Mille's sales rose 20 percent last year to more than $220 million, according to industry data — boosted by their extreme technological advances and limited production.
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The market took a dive in late 252, igniting fears about an economic downturn — search interest in "recession" was higher during the week of December 265 than in the past five years, according to data from Google News Lab.
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TOKYO, May 13 (Reuters) - Japan's coincident indicator index worsened in March and the government cut its view, signaling the economy may be in recession as the U.S.-China trade war and weak external demand hurt the export-reliant economy.
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"The Nigerian economy, in response to both external and internal economic pressures, inevitably contracted and is currently in recession with a projected growth of -1.54 percent for 2016," the document released to Reuters by the ministry on Saturday said.
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Wall Street and Asia both rallied and Europe ran up as much as 254.39 percent until news that Italy was back in recession and other poor data took the wind out of the sails of most markets bar London .
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French retailer Casino on Wednesday confirmed its profit growth and cash flow goals for France this year as weakness in recession-hit Brazil and the cost of price cuts in France helped set 2015 operating profit back 35 percent.
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Macri's decision to slash subsidies for utilities has hurt the middle class, Fernandez added, and the deal he brokered with hedge funds that had sued Argentina over its unpaid debt had yet to revive an economy mired in recession.
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With Africa's largest economy in recession for the first time in 25 years, the letter reflects growing anger directed at Emefiele, whose insistence on keeping the naira artificially high is believed to have worsened Nigeria's oil-price induced slump.
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Brighter German and French data had initially lifted Europe's STOXX 214.6 index, though with Italy also confirmed back in recession and new money laundering woes weighing on the banking sector, there was little in the way of fresh energy.
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In 503, with the economies of most oil-exporting countries now mired in recession, government finances under strain, and no sign of the expected recovery in prices, the incentives to do a deal are sharper than in 250/22016.
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In their March Global Economic Forecast Flash, IHS Markit chief economist Nariman Behravesh and executive director of global economics Sara Johnson projected that Japan is already in recession, while the U.S. and Europe will follow in the second quarter.
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"Manufacturing has been in recession in this country for ages," he said, advising investors not to worry too much about August data, out earlier this week, that showed U.S. manufacturing in contraction for the first time in three years.
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Westpac economists said that the extraordinary measures in place to counter the spread of the disease would push the unemployment rate above 11%, which would be the highest since the country was last in recession in the early 1990s.
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The jobless blowout was announced shortly after Federal Reserve Chairman Jerome Powell said that the U.S. economy "may well be in recession" but progress in controlling the spread of the coronavirus will dictate when the economy can fully reopen.
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It also comes at a bad time for the European economy, which already is having to cope with a German economy that is now in recession and an Italy which is in the throes of yet another political crisis.
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He said comparisons to the Watergate-era bear market of 1973-74 were off base, because then the country was in recession, the Arab oil crisis sent gasoline prices surging, inflation was raging and interest rates hit record highs.
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Joao Lourenco, who has pledged to boost growth and fight corruption, would inherit an economy mired in recession as gaping inequality, soaring inflation and high unemployment squeeze poor Angolans who have benefited little from a decades-long oil boom.
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BUENOS AIRES, March 10 (Reuters) - Argentina's economy was "clearly in recession" toward the end of last year with gross domestic product contracting 3.5 percent in the fourth quarter, Cabinet chief Marcos Pena said late on Wednesday in a television appearance.
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You can't just compare Alaska after the policy was implemented in 1982 to Alaska before that, as there are plenty of other differences between the Alaskan economy in, say, 1981 versus 1983 (the US was in recession in 1981, for instance).
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While Zuma is unpopular with investors and citizens alike, it would add political turmoil to the mix for South Africa, which is in recession and has suffered a ratings downgrade to junk and seen joblessness soar to 14-year highs.
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Central bankers globally are grappling with the fact that interest rates in general may be lower than they have been in the past, meaning policy rates may hit zero more often and erode the influence of monetary policy in recession fighting.
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The president-elect faces a major challenge to revive Argentina's economy, mired in recession for much of the last year, while fending off a rising mountain of debt payments amid concerns the country may be forced into a damaging default.
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Avoiding a more protracted dispute reduces risks to the balance of payments, government revenues from customs duty, and overall economic activity from reduced Russian oil supply to Belarus's refineries, although we still expect the economy to remain in recession in 2017.
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The restoration is a big step toward normalizing an economy that is still in recession, weighed down by capital controls and adjustments related to Greece's third bailout since 2010, agreed last year and worth up to 86 billion euros ($97 billion).
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BUENOS AIRES, Dec 22 (Reuters) - Argentina said on Thursday that the economy shrank 0.2 percent in the third quarter versus the second quarter of 2016, as the economy remained mired in recession during the first year of President Mauricio Macri's administration.
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The economic and fiscal crisis facing the almost 3.6 million American citizens on this Caribbean Island requires identifying a specific set of initiatives that would jump start our economy, which has been in recession since the third quarter of 2005.
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BUENOS AIRES, Sept 22 (Reuters) - Argentina said on Thursday the economy shrank 2.1 percent in the second quarter versus the first quarter of 2016, as the economy remained mired in recession during the first year of President Mauricio Macri's administration.
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Buhari has said that as an ex-general he is no expert in economics, and yet he long rejected a devaluation of the naira - just as he did as military ruler in the 20143s when Nigeria was also in recession.
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On Tuesday, the IMF cut its 2019 growth forecast for Britain to 1.2 percent, bringing it in line with the BoE's own outlook and pointing to the weakest outturn since the world's fifth-largest economy was last in recession in 2009.
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Half-year figures released this week show a healthy 13% increase in foreign arrivals to Turkey, while a 10% jump in revenue for the sector to $12.6 billion has given a valuable boost to an economy still stuck in recession.
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So if the market is looking for less economic growth down the road (10-year bond) relative to today (3-month bill), that is a forecast for a weakening economy — precisely the sort of environment that can culminate in recession.
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Using forecasts produced last month, it said growth in the central channel from Poland down to Turkey would remain as healthy as 3-4 percent this year, whereas Russia and most of its former Soviet neighbors would stay in recession.
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PARIS, April 14 (Reuters) - Retailer Casino posted forecast-beating first-quarter sales on Thursday that reflected an improved performance in its core French market thanks to cost cuts, while a decline in consumer electronics demand in recession-hit Brazil slowed.
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Participation in the ECB's massive quantitative easing (QE) scheme would mark another key step toward normalizing Greece's battered economy, which remains in recession, weighed down by capital controls and austerity measures linked to its third multi-billion euro bailout program.
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"One thing is clear now: growth will not go into freefall for the time being," said Thomas Gitzel, economist at VP Bank, but he said Ifo's warning that the manufacturing sector is "still stuck in recession" was cause for concern.
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The Solomon R. Guggenheim Foundation raised the idea for the museum in 2011 but the project faced strong resistance from the start as many Finns coping with an economy in recession and austerity measures considered it a waste of money.
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Martin Guzman told reporters at a press conference in Buenos Aires the country would channel an additional 100 billion pesos ($1.58 billion) towards public works to help bolster the economy that has been mired in recession over the last two years.
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The euro zone barely grew in the second quarter and Germany, the bloc's power house, may already be in recession as a global trade war, China's slowdown and Brexit uncertainty reduce export demand and sap confidence in the manufacturing sector.
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The jobless blowout was announced shortly after Federal Reserve Chairman Jerome Powell said that the United States "may well be in recession," an unusual acknowledgement by a Fed chair that the economy may be contracting even before data confirms it.
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The jobless blowout was announced shortly after Federal Reserve Chairman said on NBC's Today Show that the U.S. "may well be in recession" but progress in controlling the spread of the coronavirus will dictate when the economy can fully reopen.
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ASSET QUALITY The biggest impact on asset quality in Hong Kong will come from retail, hotels and property as the city's economy, already in recession after months of anti-government protests, faces increased headwinds due to the coronavirus, the banker added.
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The economy has been in recession for at least three quarters and many companies in tourism and retail are struggling to survive as a partial closure of the border reduces visitors to a trickle and keeps residents away from public areas.
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Yes, John Maynard Keynes had offered a theory of stagnation, demonstrating the need for government spending to stimulate an economy mired in recession, and Austrian political economist Joseph Schumpeter had studied creative destruction, highlighting the importance of entrepreneurs and innovation.
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The country's economy has been mired in recession for much of the last year, with annual inflation above 50%, sky-high benchmark interest rates and the central bank forced to drain dollar reserves to prop up a tumbling peso currency.
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German and French services data helped Europe's STOXX 20.20 index towards a fourth day of gains, though with Italy confirmed back in recession and after a 20.7072 percent surge this year, there was a little in the way of fresh energy.
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WASHINGTON (Reuters) - Nearly half the U.S. counties carried by President Donald Trump in the 2016 election were arguably in recession at the time, with local economic output shrinking during a campaign that focused on the declining fortunes of blue-collar America.
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"The probability that the economy stays in recession are now much greater," said former Cuban central bank economist Pavel Vidal, now a professor at Universidad Javeriana Cali in Colombia, of chances for a second straight full-year contraction in 2017.
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Oh, and this is all happening prior to a potential tax cut that one rarely observes late in the business cycle, whose size is appropriate for an economy in recession, not one in the late stages of the business cycle.
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The Kremlin appears to be sending a message that, with the Belarus economy in recession and propped up by subsidized Russian oil and gas, Lukashenko will pay a heavy price if he wants to turn his back on his old friends in Moscow.
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The euro zone barely grew in the second quarter and Germany, the bloc's biggest economy may already be in recession as a global trade war, China's slowdown and Brexit uncertainty holds back export demand and saps confidence in its vast manufacturing sector.
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Deutsche Bank chief U.S. economist Joseph LaVorgna has said the economy would be in recession without an unusual, and perhaps unsustainable, boost from consumer spending, while Bank of America Merrill Lynch on Thursday increased its 2016 GDP forecast — to only 1.5 percent.
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SAO PAULO (Reuters) - Brazilian President Michel Temer plans to allow workers to make an early withdrawal from their severance fund, known as FGTS, a government official said on Wednesday, in the latest of several measures aimed at stoking an economy mired in recession.
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Russia's economy is expected to shrink 0.6 percent in 2016 (instead of a previously mooted contraction of 0.2 percent), the Economic Development Ministry said earlier this month, TASS reported, showing that despite remaining in recession, the economy is heading in the right direction.
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Market participants said focus had shifted to the Moody's decision due later on Friday and the fate of an economy stuck in recession, with traders short-selling the rand and adopting a wait-and-see approach while eyeing policy and political developments.
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BUENOS AIRES, Dec 15 (Reuters) - As Argentina's economy remains mired in recession and high inflation one year into President Mauricio Macri's term, economists have begun to doubt the central bank can reach its inflation targets after rate cuts some have called unjustified.
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PARIS, March 9 (Reuters) - French retailer Casino on Wednesday confirmed its profit growth and cash flow goals for France this year as weakness in recession-hit Brazil and the cost of price cuts in France helped set 13 operating profit back 35 percent.
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The underlying cause of the summer surge in recession fears was a trade war between the United States and China that seemed locked in a hopeless cycle of escalation; a major slump in the European economy; and manufacturing indexes in free fall worldwide.
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The country has been in recession since 2015 due to a slump in oil prices and contagion from an economic crisis in neighboring Russia, with which its economy is closely tied and where many Belarussians work in order to send money home.
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The Corker plan guarantees that when the revenue shortfall inevitably occurs and his tax increase is triggered a growing economy will slow, a slow economy will sink into recession, and an economy in recession will collapse and cause the next great financial crash.
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The economy, which isn't strong, is at least not in recession, he said, and the Fed's monetary policy is expansionary, while fiscal policy is looser than it was during Mr. Obama's first term, which was bedeviled by the "fiscal cliff" budget impasse.
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Nigeria is in recession for the first time in over 20 years due to low oil prices and militant attacks on energy facilities in its Niger Delta region that cut crude production, which provides 70 percent of government revenues, by around a third.
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Largely as a result of the sanctions imposed after North Korean nuclear and missile tests three years ago, the North Korean economy remains in recession, with estimates by the South Korean central bank showing annual contractions of up to 4 percent a year.
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The percentage of millionaire investors who said recession was the biggest risk to their portfolio rose from 249% to 23% in the Q252 survey, while the percentage of the wealthy who said the economy currently is in recession increased from 9% to 19%.
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BANGKOK (Reuters) - Thailand is not in recession but growing below potential and the central bank is ready to take action if needed, while there are also plans for further measures to curb the baht's strength, central bank and government officials said on Thursday.
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A newer, more real-time economic indicator known as the "Sahm Rule" which posits that when the 21970-month average jobless rate rises half a percentage point above the low of the previous 113 months, the economy is in recession, or near one.
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BERLIN, Dec 18 (Reuters) - The German economy likely grew by 0.2% in the fourth quarter, an economist at the Ifo institute said on Wednesday, adding that the industrial sector nonetheless remained in recession and would take a while to emerge from that downturn.
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WASHINGTON, Dec 18 (Reuters) - Nearly half the U.S. counties carried by President Donald Trump in the 2016 election were arguably in recession at the time, with local economic output shrinking during a campaign that focused on the declining fortunes of blue-collar America.
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WASHINGTON, March 26 (Reuters) - The U.S. "may well be in recession" but progress in controlling the spread of the coronavirus will dictate when the economy can fully reopen, Federal Reserve chair Jerome Powell said Thursday in an interview on NBC's Today Show.
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Whether it's this year or next year, the odds of another economic downturn are high — and growing," Warren (D-Mass.) wrote in a Medium post entitled "The Coming Economic Crash--And How to Stop It." "I see a manufacturing sector in recession.
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Taylor Sheridan is one of Hollywood's buzziest screenwriters, with a reputation for serious, violent dramas set in America's overlooked places: on the US–Mexico border in Sicario, and in recession-plagued West Texas in Hell or High Water, for which he received an Oscar nomination.
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But the Peterson study shows that if he delivered on his trade policy promises and America's trading partners responded in kind, as would be likely, the US economy would end up in recession within two years as consumption, investment and government spending all contracted.
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Growth in Nigeria - an OPEC member whose economy, the largest in Africa, is in recession for the first time in more than 20 years due to low oil prices - has been stunted for decades by a lack of investment in its road and rail network.
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CAC 40 futures up 0.21 pct at 0616 GMT The French retailer posted forecast-beating first-quarter sales that reflected an improved performance in its core French market thanks to cost cuts, while the decline in consumer electronics demand in recession-hit Brazil slowed.
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Macri, a member of one of Argentina's wealthiest families, came to power in 266 on promises to kick-start Latin America's third-largest economy via a liberalization wave but inflation is at 220%, the country is in recession and the peso's value is crumbling.
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HONG KONG, March 17 (Reuters) - Hong Kong's seasonally adjusted unemployment rate rose to 3.7% in the December to February period, the highest in more than nine years, as the coronavirus dealt a severe blow to an economy already in recession, the government said on Tuesday.
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But Germany did agree to a proposal to coordinate its corporate tax rate with France and to an overhaul of the European Stability Mechanism, the eurozone's bailout fund, which would expand its mission and allow it to provide emergency loans to countries in recession.
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The market could have seen this coming: The economy has been in recession for 3 of the 4 years Macri has been president, record inflation has increased and the government has slashed subsidies for the poor and implemented sky-high interest rates, choking off business.
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But growth slowed in the last quarter to 2.1 percent, half as much as Mr. Trump promised, manufacturing is in recession and investors are worried that the suspension of travel to China because of the coronavirus outbreak could take a toll on the economy.
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But growth slowed in the last quarter to 2.1 percent, half as much as Mr. Trump promised, manufacturing is in recession and investors are worried that the suspension of travel to China because of the coronavirus outbreak could take a toll on the economy.
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Still, KKR thinks there are opportunities elsewhere as U.S. investors already have priced in a "robust economic recovery" while KKR's models suggest "only a modest recovery" for corporate earnings that have been in recession for what could be the fourth straight quarter to start 2020.
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Add to that fears of a recession, the new federal cap on state and local tax deductions — which has hurt real estate in high-tax states — and New York's new mansion tax, and you have a luxury market that feels like it's in recession.
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The city's Financial Secretary Paul Chan said in a blog post on Sunday, according to a Reuters report, that Hong Kong is now in recession and it is "extremely difficult" to achieve the government's original forecast of 0% to 1% annual growth made before the protests.
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One of the most vocal advocates of austerity in the EU, Finland had been mired in recession for much of 2011-15, hit by a cocktail of problems from the decline of Nokia and the forestry industry to sanctions on neighbouring Russia and a rapidly ageing population.
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Against this backdrop, the peso lost 21% of its value against the greenback in the first days of the week before finding support in the neighborhood of 57 per dollar - making it significantly harder for Argentina, with its economy mired in recession, to pay its dollar debts.
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In his criticism of the Fed, for example, Trump has encouraged rate cuts to try to keep the value of the dollar down - a troubling argument for Europe, in particular, with Germany perhaps already in recession and hoping to maintain the trade surplus that drives its economy.
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But as the expansion reaches the decade mark and becomes the longest on record — a milestone reached Monday, assuming the economy doesn't turn out to already be in recession — the disconnect between the consumer side of the economy and the corporate side will eventually end in convergence.
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In his criticism of the Fed, for example, Trump has encouraged rate cuts to try to keep the value of the dollar down - a troubling argument for Europe, in particular, with Germany perhaps already in recession and hoping to maintain the trade surplus that drives its economy.
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With Brazil swamped in recession, President Michel Temer's government reeling from one graft scandal after another, and a wave of seemingly uncontrollable prison violence, many Brazilians feel they are going back to a darker recent past when crime, corruption and the economy were out of control.
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With global demand sagging due to a trade war between China and the United States, the euro zone's vast industrial sector has been in recession for most of the past year and a half, forcing the ECB to unleash even more stimulus to prop up the bloc.
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The current action in the markets—the pound and shares falling, and bond yields pricing in recession—show that this is not merely the assertion of "experts" but what people who have to stake real money think will happen to the United Kingdom in the event of Brexit.
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New Edenred chairman and chief executive Bertrand Dumazy has been in place since October 2015, with the group moving into new areas such as fuel cards, a sector growing faster than other employee benefit schemes - notably in recession-hit Brazil - as companies seek to control business expenses more effectively.
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The state of play: With consumer confidence falling, leading economic indicators turning negative, the systemically important repo market in disrepair, major European economies likely in recession, the outlook for the trade war deteriorating and stock market volatility popping, Powell is doing his best to infuse confidence into the market.
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Private equity giant KKR recently wrote that there are opportunities elsewhere as U.S. investors already have priced in a "robust economic recovery" while its models suggest "only a modest recovery" for corporate earnings that have been in recession for what could be the fourth straight quarter to start 2020.
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"The fact that Germany is down 20 percent, China is down 20 percent, and now the U.S. has joined the downturn ... that's what suggests to us that the global economy is in recession or on the verge of recession," Bruce Bittles, Baird & Co. chief investment strategist, told CNBC last week.
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Read More Market reacts to sharp decline in durable goods orders "The manufacturing sector may not yet be officially in recession, but that is beginning to feel like merely an academic distinction when durable goods orders have fallen in four out of the past five months," Wells Fargo economists write.
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Caracas has struggled to refinance its debt because U.S. banks cannot buy new Venezuelan bonds due to sanctions imposed by U.S. The Venezuelan economy has been in recession for four years, where food shortages, the lack of U.S. dollars and the depreciation of its own currency, has sent inflation soaring.
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President Donald Trump's decision to withdraw the U.S. from the Iran nuclear deal just over a week ago — and the expected re-imposition of sanctions on the country — coupled with political and economic disorder in recession-hit Venezuela has cast the supply of Iran and the Latin American country into doubt.
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The currency was vulnerable because it had been pegged at what seemed an unsustainably high rate against the German mark; with Britain in recession, Soros reasoned, the British government would ultimately choose to see the pound devalued rather than maintain the high interest rates needed to defend it from speculative investors.
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Most economists believe that deficits are helpful when economies are in recession, but some say that when they are near full employment, as the United States economy is now, deficits should be kept below 3 percent of the economy to avoid a drag on investment — or worse, a financial crisis.
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The current account deficit narrowed more than expected in the second quarter, supporting Gordhan's view that the economy was not in "recession territory".. South Africa has a better than 50 percent chance of avoiding a downgrade of its credit rating to "junk" status this year, Gordhan told business leaders in Johannesburg on Tuesday.
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The current account deficit narrowed more than expected in the second quarter, supporting Gordhan's view that the economy was not in "recession territory".. South Africa has a better than 50 percent chance of avoiding a downgrade of its credit rating to "junk" status this year, Gordhan told business leaders in Johannesburg on Tuesday.
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Caracas has struggled to refinance its debt because U.S. banks cannot buy new Venezuelan bonds due to sanctions imposed by U.S. At the same time, the Venezuelan economy has been in recession for four years, where food shortages, the lack of U.S. dollars and the depreciation of its own currency, has sent inflation soaring.
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With PROMESA comes a Task Force that will have, among its many duties, the oversight of the development, by the local government, of a viable, tactical and strategic economic plan that could jump start our economy, which have been in recession, the longest in the history of the U.S., since the third quarter of 2004.
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When the economy is in recession, both conservative and liberal economists have argued that tax rebates (like one supported by George W. Bush in 2001) or reductions in the payroll tax (which were a part of Barack Obama's stimulus efforts in 2009) can help support demand in the economy and promote short-term growth.
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For the past decade in particular, production in shale formations across the country has moved the nation from its reliance on foreign energy, allowed the United States to become a net exporter for the first time since the Eisenhower administration, and continues to bring prosperity to regions of the country that otherwise would still be in recession.
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This would seem to be especially the case at a time that a highly indebted Italian economy is already, yet again, in recession; the French economy is on the cusp of recession in the wake of the disruptive "yellow-vest movement"; and the U.K. economy could soon be dealt a major body blow by a hard-Brexit.
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International lenders — in this case, a creditors' cartel headed by the IMF — often succeed in getting a settlement that keeps the country trapped in recession, depression or very low growth with an unsustainable debt burden; the settlement also entails numerous conditions (cuts to social spending, public pensions, public employment) that harm the majority of the debtor country's citizens.
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Investors have enjoyed 11 bull markets — defined as a period without a pullback of 20 percent or more — since the end of World War II. Usually driven by a strengthening economy that fuels corporate profits, bull markets often end in recession after the Federal Reserve begins to raise rates to slow rising prices and cool the economy.
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Earlier this year, Zuma dismissed a respected finance minister; the country's economy is in recession; unemployment is near 30 percent; poverty among the black majority remains endemic and schools are wretched – in part a legacy of low spending on black education during apartheid, in part a reflection of a continued lack of trained teachers and good schools in black areas.
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If Democrats regain power, and assuming the economy is not in recession at that point, they will have some limited room to pay for new initiatives, because the Trump tax cuts remain enormously unpopular, and the cuts that most overtly benefit the wealthy, such as the lower rates on pass-through business income, can be so easily severed from the rest.
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Additionally: There's one thing that's saving the restaurant industry from becoming a disaster YOU are the only thing not yet in recession A huge part of the economy is hitting a wall You have one group to thank for the record stock market highs Why finance should say goodbye to spreadsheets forever Wall Street can't stop talking about this potential 'baby Valeant'
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"What we don't know at this stage is how long it will take to contain the virus that is still spreading exponentially, and what kind of damage that will do to both populations and economies across the globe," said Andy Scott, associate director at Chatham Financial in London Data on Monday showed U.S. business activity hit a record low in March, bolstering economists' views that the economy was already in recession.
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All three major indexes registered their biggest weekly declines since October 2008, although the Cboe Volatility index - Wall Street's fear gauge - ended the day down at 66.04, in what some investors saw as a sign that selling may subside A Reuters poll of economists suggested the global economy was already in recession, while analysts at U.S. stock market index operator S&P Global said volatility across geographies and asset classes was at record highs.
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He has less than three weeks to prepare for the next rate-setting meeting, under pressure from President Tayyip Erdogan's calls for lower rates to kick-start an economy in recession.. A fall in inflation last month had added to expectations of a rate cut on July 25, but likely U.S. sanctions over Turkey's purchase of Russian air defense systems, combined with investor jitters over Erdogan's sacking of the bank governor, could put the lira under renewed pressure and make it harder to cut rates.
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