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Friday 28 September 2012

Japan Data Show Recession Risk Growing


Japan Data Show Recession Risk Growing
Wall Street Journal
"Find someone who is optimistic about the economy and ask them how they can be," said Masamichi Adachi, senior economist at JPMorgan Securities Japan Co., adding that the possibility of the Japanese economy moving into a recession would increase if ...
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UK recession is over, economists claim
The Guardian
The UK's double dip recession is over, according to economists who say official figures on Friday from the services sector show the economy rebounded during the second half of the summer. But they warn that the economy is likely to continue its ...
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The Guardian
Greek retail sales plunge amid deep recession
Sacramento Bee
ATHENS, Greece -- Greece's statistical authority says domestic retail sales dropped eight percent in July compared with a year earlier, highlighting the painful impact of a four-year recession. The fall was worst in the clothing and footwear sector ...
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Greece's 2013 budget to deepens cuts, sustain recession
Chicago Tribune
"It's going to be a tough budget, projecting a sixth year of recession," a senior government official told Reuters. "It will focus on further savings, incorporating measures agreed by the political leaders." "This budget will be another step to get the ...
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Data Point to Euro-Zone Recession
Wall Street Journal
The euro-zone economy has probably entered recession, while a jump in the inflation rate for the currency bloc is likely to limit European Central Bank President Mario Draghi's scope for further monetary policy easing. The London-based Centre for ...
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Spain presents budget, sees mild 2013 recession
MarketWatch
During the same news conference, Budget Minister Cristóbal Montoro Romero predicted Spain would experience a mild recession in 2013. The announcements come at a critical moment for Spain, with Prime Minister Mariano Rajoy under intense pressure to ...
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EU, US Recession Risks May Put the Brakes on Emerging-Market Expansion
Wall Street Journal (blog)
By Ian Talley. The euro-zone debt crisis, U.S. budget problems and potential domestic credit bubbles could wreak havoc in emerging markets if authorities don't act now to bolster their crisis buffers. So warns the International Monetary Fund Thursday ...
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Comparing current recession to the Great Depression (Letter)
MLive.com
We often hear the current recession being compared to the Great Depression of the 1930's. The Depression was preceded by a financial system in the decade prior to the 1930's that just went out of control with speculation in the markets and stocks being ...
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MLive.com
World stock markets rise after recession-hit Spain pledges to cut spending by ...
Newser
World stock markets rise after recession-hit Spain pledges to cut spending by $51 billion. World stocks up after Spain pledges to cut budget. By PAMELA SAMPSON | Associated Press | 3 hours, 48 minutes ago in. World stock markets rose Friday after Spain ...
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UPDATE 1-Serbia Q2 recession deeper than initial forecast -data
Reuters
BELGRADE, Sept 28 (Reuters) - The Serbian economy shrank 0.8 percent in the second quarter, sinking deeper into recession than the initial government forecast, hit by rising debt, a heavy fiscal deficit and the crisis in euro zone, its main trading ...
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