Recession
in sentence
2506 examples of Recession in a sentence
Aging countries seeking to recover the ground lost in the current
recession
quickly cannot afford to lose entire generations.
Neglecting the problem of entry into the labor market could backfire by increasing pressure for more public expenditure just when governments should start reducing the huge public debts accumulated during the
recession.
The current
recession
will be truly over only when new cohorts of workers are able to enter the labor market quickly and through the main door.
Europe needs, first and foremost, to break the vicious circle of recession, unemployment, and austerity that now has it in its grip.
The financial sector pontificated not only about how to create a dynamic economy, but also about what to do in the event of a
recession
(which, according to their ideology, could be caused only by a failure of government, not of markets).
Whenever an economy enters recession, revenues fall, and expenditures – say, for unemployment benefits – increase.
Growth will slow, with Europe and/or America possibly even slipping back into
recession.
Keynesian economics worked: if not for stimulus measures and automatic stabilizers, the
recession
would have been far deeper and longer, and unemployment much higher.
For example, the 2007-2009 global financial crisis is called the “Great Recession” because the traumatic tales of the Great Depression persist in our collective memory.
Yet the financial crisis will eventually end, as will the global
recession.
If the handoff fails, the financial volatility experienced earlier this year will not only return; it could also turn out to have been a prologue for a notable risk of recession, greater inequality, and enduring financial instability.
Volcker took radical steps to deal with it, hiking short-term interest rates so high that he created a major
recession.
The rise of the Front National can be interpreted as a series of protests: against the long
recession
from which France is only now emerging; against open markets and trade liberalisation in Europe; against Europe’s upcoming single currency, and the fiscal belt-tightening that has gone with it; and against global markets and economic restructuring, which have contributed to the rise in unemployment, now standing around 122% of workers.
Similarly, when a state such as Michigan is hit by
recession
in its key economic sector (the auto industry), Washington collects less federal tax but maintains – if not increases – local spending, which partially offsets the shock to state income.
LONDON – Europe’s emerging markets have this year experienced their worst output collapse since the great “transitional recession” that followed the end of communism.
Thus, while the global
recession
plunged the transition region into crisis, at the same time it demonstrated the resilience of the reforms and economic integration achieved over the last 15 to 20 years.
During the acute phase of the euro crisis,
recession
was concentrated in peripheral economies such as Greece, Portugal, and Spain.
If, for some reason, financial markets and/or China’s central bank were suddenly to reject US Treasury bonds, interest rates would soar, sending the American economy into
recession.
Thus, it is ironic that many of this year’s leaders in competitiveness, such as the U S and Singapore, are in recession, while countries further down the list, like China (39th), will escape the global
recession.
Part of the slowdown relates to the terrorist attacks of September 11th, but it is becoming clear that America’s economy, and other economies linked to the US through trade and production networks, were sliding into
recession
before September.
After all, no politician would wish to go down in history as being responsible for pushing the country back into
recession
at a time when unemployment is already too high, income and wealth inequalities are increasing, and a record number of Americans live in relative poverty.
Such a mini-bargain would go a long way toward reducing the risk of a serious US
recession.
Recession
will become depression.
And, though state revenues have fallen with recession, forcing a few countries to hike value-added taxes, none has increased income taxes, and none of the seven countries that had in place a flat-rate income tax has abandoned it.
The announcement of the OMT scheme in July 2012 reduced interest rates for companies and governments alike and returned much-needed private capital to crisis-hit countries, thereby helping to soften the blow of the deep
recession
on Europe’s periphery.
These complaints are all the more peculiar given that Germany is a major beneficiary of the OMT announcement: its direct financial risks, via balances in the eurozone’s Target2 system and the size of the ECB’s balance sheet, have shrunk, despite the eurozone
recession.
The Chinese economy still roared ahead in the midst of a worldwide
recession.
The Great
Recession
of 2008-2009 suggests that China can no longer afford to treat the Four Uns as theoretical conjecture.
With the eurozone banks also deeply implicated in the subprime mortgage mess and desperately short of US dollars, America and much of Europe began a remorseless slide into
recession.
The US economy began to emerge from its
recession
in the second half of 2009, thanks largely to aggressive monetary policy and steps to stabilize the financial system.
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