Recession
in sentence
2506 examples of Recession in a sentence
The Congressional Budget Office (CBO) projects that real per capita GDP growth will slow from an annual rate of 2.1% in the 40 years before the start of the recent
recession
to just 1.6% between 2023 and 2088.
In a demand-driven recession, actual output falls below potential, which results in a rise in unemployment.
Only a major
recession
could break this cycle; otherwise, we are headed for an energy crisis.
The alternative to monetary and fiscal expansion is recession, at which point oil prices would stop rising.
A depressing aspect of Ferguson’s interpretation is his failure to acknowledge the impact of the Great
Recession
on government performance and business expectations.
In fact, Labour’s most recent governments were determinedly non-Keynesian; monetary policy was geared to hitting a 2% inflation target, and fiscal policy aimed at balancing the budget over the business cycle: standard macro-economic fare before the
recession
struck.
But when I pointed out that the theory does not unequivocally support fiscal expansion as the appropriate response to a recession, he became disinterested in my work.
Fiscal crisis and default reduce the value of the former, while the ensuing
recession
undermines the value of the latter.
These mutually reinforcing forces can work themselves out in a lengthy process of
recession
and deleveraging.
Moreover, Rouhani has pursued a tight fiscal policy that deepened the
recession
and delayed the recovery.
A mild
recession
is expected in Europe this year, and unemployment is on the rise.
CAMBRIDGE: With the remarkable financial turbulence of recent months, many people are asking whether the world could somehow blunder into global
recession
or even global depression.
This reflects not only the Great Recession, but also an unusually anemic recovery.
Italy’s Downward SpiralMUNICH – Italy is now in a triple-dip
recession.
The problem in the advanced countries is not a jobless recovery, but an anemic recovery – or worse, the possibility of a double-dip
recession.
The only reason the US trade deficit is falling is that the country remains in a severe recession, causing US imports and exports to collapse in parallel.
If this view is correct, we can expect to see global imbalances re-emerge once the
recession
is over and to unwind only slowly thereafter.
This interpretation again implies the re-emergence of global imbalances once the
recession
ends, and their very gradual unwinding thereafter.
At that point, China would pull the plug, the dollar would crash, and the Fed would be forced to raise interest rates, plunging the US back into
recession.
The other is for the Obama administration and the Fed to provide details about how they will eliminate the budget deficit and avoid inflation once the
recession
ends.
Failure to do so would significantly increase the risk of an outright American
recession.
Asians need not be pessimistic; the perfect storm of a hard landing in China, a double-dip
recession
in the United States, and a collapse of the eurozone is unlikely.
Debtors worldwide face a risk of bankruptcy which, if widespread, could lead to a dangerous
recession.
Indeed, should stagflation emerge, there is a serious risk of a double-dip
recession
for a global economy that has barely emerged from its worst crisis in decades.
The Iranian revolution in 1979 led to a similar stagflationary increase in oil prices, which culminated in the
recession
of 1980-1981.
And Iraq’s invasion of Kuwait in August 1990 led to a spike in oil prices at a time when a US banking crisis was already tipping America into
recession.
Oil prices also played a role in the recent finance-driven global
recession.
Indeed, the second risk posed by higher oil prices – a terms-of-trade and disposable income shock to all energy and commodity importers – will hit advanced economies especially hard, as they have barely emerged from
recession
and are still experiencing an anemic recovery.
If oil prices rise much further – towards the peaks of 2008 – the advanced economies will slow sharply; many might even slip back into
recession.
In the US, the issue was whether a government that could borrow at record-low interest rates, in the middle of a recession, should do so.
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