Recession
in sentence
2506 examples of Recession in a sentence
And Japan is already slipping back into
recession
because of the earthquake.
If that happens, the risk of stall speed or an outright double-dip
recession
would rise sharply in many advanced economies.
He lost the 1992 election, in part because of the
recession
of 1990-1991.
The move to fiscal discipline coincided with the onset of a recession, probably made the downturn worse than it otherwise would have been, and slowed the subsequent recovery.
They engaged in fiscal expansion during the recovery of 2001-2007 and then fought President Barack Obama’s attempts to respond to the 2007-2009
recession
with fiscal stimulus.
As a result, the recovery from the Great
Recession
was slower than it had to be, just as had been the case with the 1990-1991
recession.
Yet it is clear that a bold move to a currency board in, say Brazil, would immediately create a wave of confidence throughout Latin America, restoring capital inflows and avoiding the deep
recession
now building up.
If a country’s terms of trade (the price of its exports) deteriorate and a large
recession
persists for a long time, its government’s revenue base may shrink and its debt burden may become excessive.
People can be happy with a stable 2% target (which is too low to notice), but 5% annual inflation would eventually become 10%, and 10% would eventually become 20%, and then the US would face another deep recession, like in 1982, or even more unpleasant alternatives.
Unfortunately, this is proving extremely difficult for many advanced-country governments, partly because the failure to recover fully from the recent crisis and
recession
has undermined their credibility and functioning.
For some European economies, this prescription has caused a needlessly long
recession.
A modern Keynesian government does not hesitate to increase spending in the face of a
recession.
The immediate risk is continuing stagnation, or recession, in Europe.
It took the courage – or recklessness, depending on your point of view – of US Federal Reserve Chairman Paul Volcker to send the world into
recession
in 1981-2 in order to break the back of inflation.
That
recession
was destructive, but it had one silver lining: an inspiration to the world that an independent central bank can take tough measures to ensure price stability.
But, while the worldwide
recession
of 1981-2 brought inflation down rapidly, nominal long-term interest rates did not fall immediately, for the world’s markets were still not convinced.
Holders of long-term bonds, for example, must have thought that inflation would come roaring back after the effects of the 1981-2 global
recession
had passed.
The optimal way to do this is by increasing the production of exportable goods, rather than through a
recession
that depresses imports.
It’s modest at a time when the world is in
recession.
More than a decade of
recession
has made the public debt unsustainable and is fueling migration outflows to the United States mainland, affecting the lives of thousands of families and imposing a higher burden on those who stay.
And, because Puerto Rico is not in any ordinary recession, it is not enough (or even appropriate) to analyze what to expect in the best-case scenario.
A deeper
recession
– as anticipated by the Board’s plan – will further decrease opportunities in the island, fueling more migration to the mainland.
Brazil is now facing its worst economic
recession
in 80 years; unemployment stands at almost 10%; annual inflation exceeds 10%; and living standards have collapsed.
The consensus is now that Brazil will fall into
recession.
Second, the overvaluation together with the resulting high interest rates is causing Brazil to fall into
recession.
If the exchange rate is held constant, and budget spending is cut sharply, Brazil will be thrown into a deep
recession.
Moreover, as a second-term, lame-duck President, presiding over a recession, and in a complicated Federal system with powerful state Governors, President Cardoso is unlikely to maintain much political power and support for his austerity policies.
Absent alternative options, ultra-easy monetary policy has helped to mitigate the depth of the post-crisis
recession.
Indeed, when today’s Europeans peer into the future, they see only prolonged
recession
and austerity.
This was the cause of America’s
recession
in the early 1990’s.
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