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Recession in sentence

2506 examples of Recession in a sentence

Carmen Reinhart and I proposed this moniker in our 2009 book This Time is Different, based on our diagnosis of the crisis as a typical deep financial crisis, not a typical deep recession.
The contraction applies not only to output and employment, as in a normal recession, but to debt and credit, and the deleveraging that typically takes many years to complete.
In a conventional recession, the resumption of growth implies a reasonably brisk return to normalcy.
So far, across a broad range of macroeconomic variables, including output, employment, debt, housing prices, and even equity, our quantitative benchmarks based on previous deep post-war financial crises have proved far more accurate than conventional recession logic.
Many commentators have argued that fiscal stimulus has largely failed not because it was misguided, but because it was not large enough to fight a “Great Recession.”
The big rush to jump on the “Great Recession” bandwagon happened because most analysts and policymakers simply had the wrong framework in mind.
Perhaps today the smoke will clear a bit faster if we dump the “Great Recession” label immediately and replace it with something more apt, like “Great Contraction.”
In Germany, the still-fragile democratic order was shaken by radicalism on both the left (communists) and the right (nationalists), which reflected external challenges, such as the Cold War, and internal pressures, including the first post-war recession and rising unemployment.
The European Commission has few powers of its own with which to confront the recession as it spreads throughout the European Union; most powers belong to the European Central Bank.
Even before the clouds of recession began to gather, Euroskepticism was on the rise, with the Commission blamed, rightly or wrongly, for the EU’s failure “to reach out to the citizen.”
Confidence is seldom restored as an economy goes into a deep recession and double-digit unemployment.
One seldom restores economic strength - or confidence - with policies that force an economy into a deep recession.
During the global recession in 2009, Africa and Asia were the only two regions where GDP rose.
But the EU’s critics do not like the idea of coordinated foreign policies any more than they liked the idea of fiscal and monetary discipline being imposed in the middle of a recession.
Unlike the Great Recession of 2008-2009, today there is widespread hope that America has the capacity to stay the course and provide a backstop for the rest of the world in the midst of the euro crisis.
Since the first quarter of 2009, when the US economy was bottoming out after its worst postwar recession, exports have accounted for fully 41% of the subsequent rebound.
Unfortunately, economists’ responsibility for the 2008 global financial crisis and the subsequent recession extends beyond forecasting mistakes.
From 2000 to 2008, these four countries’ share of global output rose rapidly, from 16% to 22% (in purchasing power parity terms), and their economies performed better than average in the subsequent global recession.
When the Fed dramatically cut interest rates to fight recession, so did the ECB.
In the middle of a recession, it also looked like the cause of unemployment in France.
When things get tough in politics, as will happen in most of the world as we struggle with the impact of the global recession, every sensible government will try to hang on to the benefit of doubt.
America’s financial crisis has triggered a severe credit crunch that is making the US recession worse, while the deepening recession is leading to larger losses in financial markets – thus undermining the wider economy.
The housing recession – the worst in US history and worsening every day – will eventually see house prices fall by more than 20%, with millions of Americans losing their homes.
In addition to the downturn in real estate, a broader bubble in consumer credit is now collapsing: as the US economy slips into recession, defaults on credit cards, auto loans, and student loans will increase sharply.
With private consumption representing more than 70% of aggregate US demand, cutbacks in household spending will deepen the recession.
With a worsening recession, many LBOs that were loaded with too much debt and not enough equity will fail as firms with lower profits or higher losses become unable to service their loans.
Given all this, the recession will lead to a sharp increase in corporate defaults, which had been very low over the last two years, averaging 0.6% per year, compared to an historic average of 3.8%.
During a typical recession, the default rate among corporations may rise to 10-15%, threatening massive losses for those holding risky corporate bonds.
Now that a recession is underway, US and global stock markets are beginning to fall: in a typical US recession, the S&P 500 index falls by an average of 28% as corporate revenues and profits sink.
The risk that a systemic financial crisis will drive a more pronounced US and global recession has quickly gone from being a theoretical possibility to becoming an increasingly plausible scenario.
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