Recession
in sentence
2506 examples of Recession in a sentence
Otherwise, their economies risk remaining stuck in
recession.
So that is where the US is now: in the middle of a financial crisis, with the economy sliding into recession, monetary policy already at maximum easing, and fiscal transfers impotent.
Resilient ChinaBEIJING – Today’s financial crisis and looming global
recession
are challenging China’s export-driven economic model as never before in the 30 years since Deng Xiaoping opened the economy.
First, there was robust demand in the US, which was recovering from its 1948-1949
recession.
This is clearly the case with labor markets and unemployment: American companies have reacted to
recession
with massive layoffs, whereas European companies – with the exception of Spanish firms, but not of British companies – have been doing their best to hoard labor.
Americans, on the other hand, are convinced that whatever was lost during the recent
recession
will eventually be regained.
Trapped in the aftermath of a wrenching balance-sheet recession, US families remain fixated on deleveraging – paying down debt and rebuilding their income-based saving balances.
Second, the idea that emerging-market economies could fully decouple from economic weakness in advanced economies was far-fetched:
recession
in the eurozone, near-recession in the United Kingdom and Japan in 2011-2012, and slow economic growth in the United States were always likely to affect emerging-market performance negatively – via trade, financial links, and investor confidence.
But now we see that austerity has plunged Greece, Portugal, and especially Spain and Italy deeply into
recession.
Spain’s financial exposure to Portugal and its housing-led
recession
don’t help matters.
With no signs of inflation, and growth still tepid and fragile, many anticipate chronic slow growth, with some even fearing another global
recession.
And the policy challenges are daunting: the eurozone’s
recession
is deepening as front-loaded fiscal consolidation and severe credit rationing continues.
So the recent slowdown of growth in emerging markets is not just cyclical, owing to weak growth or outright
recession
in advanced economies; it is also structural.
It would either have to tighten sanctions on Russia, potentially tipping Western Europe into
recession
as Russia responds with counter-sanctions, or accommodate the Kremlin’s expansionist ambitions and jeopardize other countries with Russian-speaking minorities (including the EU’s Baltic members).
Given the EU’s fundamental interconnectedness – in economic, financial, geopolitical, and social terms – the disruptive impact of each shock would amplify the others, overwhelming the region’s circuit breakers, leading to recession, reviving financial instability, and creating pockets of social tension.
The last option – deflation of wages and prices – to reduce costs, achieve a real depreciation, and restore competitiveness is associated with ever-deepening
recession.
Will the spirit of hope that brought Obama to power triumph over the winds of economic and social despair, or will fear in the West of the looming global
recession
spread to Asia and destabilize its giants, China and India?
(Shiller bonds, in theory, pay more when a country’s economy is growing and less when it is in recession.)
The necessary transfers are not being made to make the common currency bearable to regions that lose out and are already in
recession
when the ECB tightens policy.
In 2009, China was justly proud of its success in emerging from the global
recession
with a high rate of economic growth.
Many policymakers seem to be under the impression that surging profits are a purely cyclical phenomenon, as economies continue to grow out from the depths of the 2001
recession.
While the US no longer suffers from rising unemployment, the current 9.5% jobless rate is very high for the US, roughly double its level before the
recession.
The former boom countries – Greece, Ireland, and Spain – remain in recession, and their GDPs will continue to shrink.
Interest rates high enough to curb stock market speculation would also have curbed construction and other forms of investment, raised unemployment, and sent the economy into
recession.
Even before the recent global financial crisis and subsequent recession, governments around the world provided support to the private sector through direct subsidies, tax credits, or loans from development banks in order to bolster growth and support job creation.
A weaker economy calls for a larger deficit, and the appropriate size of the deficit in the face of a
recession
depends on the precise circumstances.
But if these forecasts are right, then a premature “exit” from deficit spending risks pushing the economy back into
recession.
What other part of the corporate world has the ability to drive the global economy into recession, as banks did in the fall of 2008?
The slow recovery from the
recession
may be even worse.
Since the beginning of the recession, in the third quarter of 2008, the European Union has lost five million jobs among those under 40 years old.
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