Recession
in sentence
2506 examples of Recession in a sentence
Even official figures indicate that several provinces outside the more dynamic coastal regions are in outright
recession.
Whereas premature consolidation of public budgets was largely responsible for causing a double-dip
recession
five years ago, fiscal policy has been broadly neutral since 2015.
A third question must therefore be asked: What could the eurozone do if confronted with a severe deterioration in the global environment – for example, a precipitous interest-rate hike in the United States or an outright
recession
in China?
But to let a new
recession
happen after a short and feeble recovery would be regarded by citizens as a major policy failure, which would further weaken support for the euro.
A sort of beefed-up Juncker plan (the European Commission president’s scheme to invest €315 billion over three years), based on preselected projects to be activated when the time is right, would provide a significant hedge against the risk of
recession.
This strategy is unlikely to work in the eurozone, because the unemployment rate is still nearly 12%, about five percentage points higher than it was before the
recession
began.
One extreme is the simplistic Keynesian remedy that assumes that government deficits don’t matter when the economy is in deep recession; indeed, the bigger the better.
The trigger may have been outgoing Prime Minister George Papandreou’s ill-advised decision to call for a referendum on the EU’s rescue package (which implies further severe austerity measures); but the fundamental problem is that a brutal
recession
made the government’s demise all but inevitable.
With Europe headed for recession, the danger of rising inflation is nil.
The disease is a protracted balance-sheet
recession
that has turned a generation of America’s consumers into zombies – the economic walking dead.
There is nothing cyclical about the lasting aftershocks of a balance-sheet
recession
that have now been evident for nearly five years.
The Trouble with China’s Troubled-Asset ReliefBEIJING – Back in 2009, in the midst of the global recession, China’s government launched a massive economic-stimulus package that bolstered GDP growth by fueling a surge in bank lending.
It is up to the G20 to deal with the global inequality crisis with the same urgency it showed during the Great
Recession
of 2008-2009.
Given the low base, and the Fed’s obvious caution, nominal interest rates are unlikely to climb too far by the next US
recession.
But with Brazil just beginning to emerge from its deepest
recession
in decades, Brazilian businesses are eagerly seeking new customers.
Unaffordable tax cuts and wars, a major recession, and soaring health-care costs – fueled in part by the commitment of George W. Bush’s administration to giving drug companies free rein in setting prices, even with government money at stake – quickly transformed a huge surplus into record peacetime deficits.
In the aftermath of the great recession, there are many ways in which these economies could put additional public spending to good use: to increase demand and employment, restore crumbling infrastructure, and boost research and development, particularly in green technologies.
The eurozone technically emerged from recession, the unemployment rate in the United States was lower than in previous years, and Japan began to stir after a long slumber and the negative shock of the earthquake and tsunami in 2011.
The reason is not hard to fathom: A
recession
is a time when we tend to become cautious and stick to familiar territory, steering clear of new projects.
Central banks are better at restraining markets’ irrational exuberance in a bubble – restricting the availability of credit or raising interest rates to rein in the economy – than at promoting investment in a
recession.
Germany’s fiscal deficit temporarily increased by about 2.5 percentage points of GDP during the global
recession
of 2009; subsequent rapid deficit reduction had no significant negative impact on growth.
How to Avoid a Double-Dip Global RecessionNEW YORK -- There is an ongoing debate among global policymakers about when and how fast to exit from the strong monetary and fiscal stimulus that prevented the Great
Recession
of 2008-2009 from turning into a new Great Depression.
If they take away the monetary and fiscal stimulus too soon – when private demand remains shaky – there is a risk of falling back into
recession
and deflation.
While fiscal austerity may be necessary in countries with large deficits and debt, raising taxes and cutting government spending may make the
recession
and deflation worse.
Finally, the International Monetary Fund, the European Union, and other multilateral institutions should provide generous lender-of-last-resort support in order to prevent a severe deflationary
recession
in countries that need private and public deleveraging.
In general, deleveraging by households, governments, and financial institutions should be gradual – and supported by currency weakening – if we are to avoid a double-dip
recession
and a worsening of deflation.
Failure to implement such coordinated policy measures – to sustain global aggregate demand at a time when deflationary trends are still severe in advanced economies – could lead to a very dangerous and damaging double-dip
recession
in advanced economies.
In that case, the forced adjustment of the current account would tip the economy into
recession.
Once the
recession
ends and recovery begins, a “stock-adjustment” response takes hold, as households compensate for foregone replacement and update their aging durable goods.
The worst consumer
recession
in modern history, featuring a record collapse in durable-goods expenditures in 2008-2009, should have triggered an outsize surge of pent-up demand.
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