NEW YORK (MarketWatch) -- Standard & Poor's Rating Services on Tuesday pared down its economic forecast for the euro zone in 2012 and 2013 in response to indicators that "paint a bleak picture" for the region. "The data are confirming our view that the region is entering a new period of recession, after three quarters of negative or flat growth since the final quarter of 2010," according to Jean-Michel Six, the rating agency's chief economist for Europe, the Middle East and Africa. "But prospects continue to vary from country to country." S&P said it now expects a drop of 0.8% in euro-zone GDP in 2012 and flat growth in 2013, compared to its July projection of a 0.7% GDP dip in 2012 and 0.3% growth in 2013.
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The Great Recession In Comparative Context
Slate Magazine (blog)
This is an important comparative perspective. Similarly, when you're assessing the performance of the Bush and Obama administrations and the Ben Bernanke Fed it's important to not just compare them to some theoretical ideal but to policymakers in the...
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Slate Magazine (blog)S&P says new recession hitting euro zone
MarketWatch
NEW YORK (MarketWatch) -- Standard & Poor's Rating Services on Tuesday pared down its economic forecast for the euro zone in 2012 and 2013 in response to indicators that "paint a bleak picture" for the region. "The data are confirming our view that the ...
See all stories on this topic »Recession, drought help Interstate 69 project as highway makes its slow creep ...
Greenfield Daily Reporter
WASHINGTON, Ind. — Parallel concrete strips stretched to the horizon in front and behind, recently laid by a "paving train," the huge pieces of linked equipment that continuously pour, settle and smooth a two-lane strip of roadway at a time. Workers ...
See all stories on this topic »Lafayette banks prosper despite recession
The Daily Advertiser
insured banks based in Lafayette -- IberiaBank, MidSouth Bank and Home Bank -- all more than doubled their assets from December 2007, the beginning of the recession, to June 2012, according to data from FDIC. "We're doing extremely well. We are big on ...
See all stories on this topic »Study: Recession punishes West Virginia workers
World Socialist Web Site
The recession wiped out 21,300 jobs in West Virginia, of which 18,000 of which have been recouped during the so-called economic “recovery” since 2010. However, due to population growth over this period some 27,000 new jobs would still need to be ...
See all stories on this topic »During recession, some Aspen-area nonprofit leaders saw pay cuts
Aspen Times
The following chart reflects both the pay increases and decreases CEOs and executive directors of Aspen-Snowmass nonprofits have received, based on the most recent tax returns available for the organizations. The seven nonprofit directors are included ...
See all stories on this topic »Germany to Avoid Recession in 2nd Half, Grow in 2013, Industry Chief Says
NASDAQ
BERLIN--Germany's economy will skirt recession in the second half of 2012 and continue growing next year, amid higher exports to the U.S. and improvements in the euro zone, the head of German industry lobbying group BDI forecast Tuesday.
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