Recession
in sentence
2506 examples of Recession in a sentence
The eurozone thus pushed the world into a second global
recession.
Just when that
recession
seemed to have run its course, emerging economies began to unravel.
After a sharp downturn during the 2008-2009 recession, this proportion has now recovered to nearly 50%, a high point relative to historical averages.
During periods of
recession
or stagnation, additional interest payments by banks would burden the economy, whereas public debt may enable the economy to reach full employment.
The
recession
was inevitable.
The first eleven months of the
recession
that followed were as severe as the first eleven months of the Great Depression that started in 1929.
They stopped the decline in the spring and early summer of this year, bringing the
recession
to what one hopes is more than a temporary halt.
Fragile and Unbalanced in 2012NEW YORK – The outlook for the global economy in 2012 is clear, but it isn’t pretty:
recession
in Europe, anemic growth at best in the United States, and a sharp slowdown in China and in most emerging-market economies.
At this point, a eurozone
recession
is certain.
For starters, the global financial meltdown and subsequent
recession
laid bare the consequences of free-market fundamentalism, thereby undercutting popular and ideological support for the neoliberal view that markets are best at shaping societal outcomes.
Given fiscal drag and private deleveraging, lack of sufficient monetary easing in recent years would have led to double and triple dip
recession
(as occurred, for example, in the eurozone).
Alternatively, rising interest rates and a downturn in the real estate market could so weaken consumer demand that the economy slips into recession, squeezing exporters in other countries that depend on the US market.
Some even suggest that capitalism needs wars, that without them,
recession
would always lurk on the horizon.
That conflict contributed mightily to the onset of the
recession
of 1991 (which, it should be remembered, was probably the key factor in denying the first President Bush re-election in 1992).
The US has run deficits that high only during World War II and the Great
Recession
of 2008-2009, when a huge stimulus package was implemented to spur recovery.
My argument rested on my view that the global economy was entering a major recession, and I had the benefit of my quantitative work, with Carmen Reinhart, on the history of financial crises.
It has been ten years since the global financial crisis and the start of the “Great Recession” in the global North.
Indeed, just as microeconomic problems in the financial sector triggered a credit crunch and fueled a global recession, so microeconomic factors hold the key to recovery.
In Europe, the
recession
has lasted six years and counting; in Chile, it lasted ten months.
Indeed, in Greece’s recent elections, after five years of
recession
and 20% unemployment, extremist parties from both ends of the political spectrum made substantial electoral gains.
A
recession
at some point during Trump’s presidency is probable, judging from Republican presidents’ remarkable historical track record.
Instead of remaining on the German-led path of orthodoxy – which, through counter-productive austerity and deflation (forcing down domestic wages and prices), has turned stabilization into
recession
– Europe must develop a growth-based strategy to overcome the crisis once and for all.
Italy’s increasingly assertive resistance to German economic dogmas may not be surprising: The country has suffered from almost continuous
recession
since joining the euro.
Most Asian countries are recovering strongly from the global
recession
that set in following the collapse of Lehman Brothers in 2008.
As the British economy sinks into recession, trade deals prove illusory, and legal and constitutional obstacles proliferate, May will find it hard to maintain the parliamentary discipline needed to deliver Brexit.
If the central bank is serious about floating, it will hike local interest rates to limit price increases, causing a painful
recession.
The trouble is that this is no ordinary recession, and a lot people have not had any punch yet, let alone too much.
But if nominal interest rates stay positive, while inflation is negative, then real interest rates may become too high for an economy in recession, causing
recession
to become more severe and prolonged.
Ironically, that policy response helped to fuel the credit and housing bubble, whose collapse has triggered the current recession, which may actually bring about deflation.
The extreme rise in real oil prices was a major cause of the current recession, and its reversal will be a major factor in recovery.
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