Recession
in sentence
2506 examples of Recession in a sentence
Over the 256 quarters in the 16 post-war presidential terms, the US economy was in
recession
for an average of 1.1 quarters during Democratic presidencies and 4.6 quarters during the Republican terms.
Take the
recession
record.
If the chances of a
recession
starting during a Democratic or a Republican president’s term were equal, the odds of four successive recessions beginning under Republicans would be 16 to one – the same as getting “heads” on four out of four coin-flips.
If one were to go back ten business cycles assuming an equal chance of a
recession
starting under a Democratic or a Republican president, the odds become even longer.
But the ECB’s policies also mean that it has no ammunition left to fight the next recession, which could be caused by a collapse of asset prices, starting with the price of long-term bonds.
Signs abound of an impending slowdown, even of
recession.
President-elect Bush talks about his $1.3 trillion tax cut proposal as an “insurance policy” against
recession.
Prolonged
recession
or a financial crisis in Europe and slower growth in emerging markets are the main external sources of potential danger.
But the loss of jobs in the most recent
recession
was more than twice as large as in previous recessions, so a slow recovery has meant a much higher unemployment rate for a much longer period.
The 2008
recession
was triggered by a financial crisis that erupted after the collapse of a credit-fueled asset bubble decimated the housing market.
Indeed, since the recession’s onset, state and local governments have cut nearly 600,000 jobs and reduced spending for infrastructure projects by 20%.
While large deficits are usually undesirable, sometimes they can be benign or even desirable, such as in recession, wartime, or when used to finance productive public investment.
By contrast, in a deep, long-lasting recession, with the central bank’s policy rate at the zero lower bound (ZLB), a well-timed, sensible fiscal response can, in principle, be helpful.
Nobody should underestimate the difficulty of rebuilding Sri Lanka’s war-ravaged north and reconciling the Tamils at a time of global
recession.
Others, concerned about problems in Europe and the United States, remain more pessimistic, with growth projections closer to 4% – and some are even inclined to see a possible “double dip”
recession.
For example, if the US hadn’t provided essentially unconditional support to Citigroup in 2008 (under President George W. Bush) and again in 2009 (under President Barack Obama), the resulting financial collapse would have deepened the global
recession
and worsened job losses around the world.
The Makings of a 2020
Recession
and Financial CrisisNEW YORK – As we mark the decennial of the collapse of Lehman Brothers, there are still ongoing debates about the causes and consequences of the financial crisis, and whether the lessons needed to prepare for the next one have been absorbed.
But looking ahead, the more relevant question is what actually will trigger the next global
recession
and crisis, and when.
But by 2020, the conditions will be ripe for a financial crisis, followed by a global
recession.
Needless to say, that would make the oncoming global
recession
even more severe.
When it comes, the next crisis and
recession
could be even more severe and prolonged than the last.
So it was good news for everyone when the US economy began expanding in the summer of 2009, 19 months after falling into the
recession
that officially started in December 2007.
Now, 15 months into the expansion, the level of real GDP is still lower than it was when the
recession
started.
This
recession
was caused by a mispricing of risk, leading to excessive leverage and high prices for a wide range of assets.
Because the downturn was not caused by high interest rates, lowering them could not lift the economy out of
recession.
And, now that those stimulus programs are coming to an end, there is a danger that the economy will slide back into slow growth or even
recession.
If inflation has succeeded
recession
as today’s main problem, governments should withdraw their stimulus policies (money out of the economy) as soon as possible.
If
recession
remains the problem, the stimulus policies should stay in place, or even be strengthened.
Inflation was on the rise before the
recession
of 2008 struck, mainly because of spiking commodity prices.
After all, when economies recover from recession, they usually grow above trend.
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