Recession
in sentence
2506 examples of Recession in a sentence
With a more sophisticated export base, however, the risks of protracted
recession
will be significantly diminished.
The 2008 crisis was followed by a long, hard recession; we should not expect a different scenario now.
The dollar is already down 25% over the past five years, and if the US tips into
recession
– a 50/50 chance right now -- the dollar is going to drop a lot more.
The only other way to achieve depreciation in real terms is through massive deflation of domestic prices, coupled with a severe
recession.
Alvin Hansen (and many others) worried that, without the stimulation provided by the war, the economy would return to
recession
or depression.
Of course, it is not easy to legislate financial reform in a stagnant global economy, for fear of impeding credit and turning a sluggish recovery into a full-blown
recession.
The
recession
exacerbated such views, and in 2009 half of Americans favored reducing legal immigration, up from 39% in 2008.
Even as the risk of
recession
looms, the country has been forced to implement a drastic austerity program.
Airy talk about science and manufacturing as ladders out of
recession
(a favorite image of former British Prime Minister Gordon Brown) is just that – empty words.
The deep
recession
that followed the near-collapse of the global financial system in 2008 caught nearly everyone by surprise – including the experts who were presumably the best equipped to see it coming.
It is common nowadays for people to conclude contracts that are so long and convoluted that signatories do not know what they entail (this was a major factor contributing to the subprime mortgage crisis in the United States, which fueled the global economic crisis and subsequent Great Recession).
In their exhaustive historical review of financial crises, Carmen Reinhart and Kenneth Rogoff write: “Again and again, countries, banks, individuals, and firms take on excessive debt in good times without enough awareness of the risks that will follow when the inevitable
recession
hits.”
Furthermore, the Trump administration will need to avoid actually pushing other countries (especially China) too hard too soon, thereby threatening the entire global economy with a possible
recession
and markets with disorderly declines.
Proponents of the post-American view point to the 2008 financial crisis, the prolonged
recession
that followed, and China’s steady rise.
Since coming to power in January, Syriza has struggled to balance the need to strike a deal on Greece’s debt with its campaign promise not to sign any agreement that would thrust the country deeper into
recession.
Indeed, deficit cuts would court a reprise of 1937, when Franklin D. Roosevelt prematurely reduced the New Deal stimulus and thereby threw the United States back into
recession.
Yet, rather than a new recession, or an ongoing depression, the US unemployment rate has fallen from 8.6% in November 2011 to 5.8% in November 2014.
But the next
recession
– and there is always another
recession
– could be very bad.
As a result, when the next
recession
comes, the US will lack fiscal space to respond.
In 2003-2007, the US government pursued fiscal expansion and financial deregulation – an approach that, even at the time, was recognized as likely to constrain the government’s ability to respond to a
recession.
Instead, Burns, understandably worried that fighting inflation would bring a deep recession, decided to kick the can down the road.
And as we now know, that set the stage for 1979, when Paul Volcker succeeded Burns as Fed Chair, hiked up the federal funds rate (a move now known as the “Volcker disinflation”), and brought on the Near-Great
Recession
of 1979-1982.
In selling massive stimulus packages and bank bailouts, Western leaders told their people, “We must do this or we will end up like Japan, mired in
recession
and deflation for a decade or more.”
I suspect, however, that fears of an outright
recession
in China are vastly overblown.
But a shift toward policies to promote growth, supported by the easing of deficit targets and the issuance of Eurobonds, is essential to bring Europe back from the brink of sustained recession, to stabilize Europe’s financial markets, and to prevent another significant disruption to global capital markets.
Recession
and depression can lead to exclusion and, at worst, persecution of societies’ most vulnerable groups.
Fed chairman Ben Bernanke is now extremely concerned that the economy’s housing market and mortgage problems will cause a
recession
unless interest rates are aggressively cut even if this means taking some risks with inflation.
This new “no recession” Fed policy has started the US dollar down the path to new lows.
In Japan, “Abenomics” is running out of steam, with the economy slowing since mid-2015 and now close to
recession.
Among the five BRICS countries, two (Brazil and Russia) are in recession, one (South Africa) is barely growing, another (China) is experiencing a sharp structural slowdown, and India is doing well only because – in the words of its central bank governor, Raghuram Rajan – in the kingdom of the blind, the one-eyed man is king.
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