Recession
in sentence
2506 examples of Recession in a sentence
Governments’ efforts to promote wage cuts, or to engineer them by driving their countries into recession, cannot substitute for exchange-rate devaluation.
If the gumbo industry goes into decline, driving the US state of Louisiana into a recession, residents will pay fewer federal taxes and receive more fiscal transfers.
Today, many blame today's alarming economic conditions in the world's industrial core--more than a decade of stagnation in Japan, deflation there and in Germany,
recession
in Germany--on other bad decisions.
The report also highlights the importance of unlocking capital for “Main Street” entrepreneurs, who struggle to find the funding they need to launch, sustain, or scale up their operations, particularly as the recent
recession
drove out many of the community banks on which they had traditionally relied for credit.
At a time when most of Europe was starting to recover from the 2008-09 recession, Belarus was going in the opposite direction.
Viewed in these terms, austerity has been an utter and unmitigated disaster, which has become increasingly apparent as European Union economies once again face stagnation, if not a triple-dip recession, with unemployment persisting at record highs and per capita real (inflation-adjusted) GDP in many countries remaining below pre-recession levels.
Simply put, the long
recession
is lowering Europe’s potential growth.
In addition to the one-time increase in the IMF’s resources, there ought to be substantial annual SDR issues, say, $250 billion, as long as the global
recession
lasts.
Each further round of budget cuts has worsened the recession, increased social tension, and further reduced confidence… Neither the IMF nor anybody else would advise any developed country to adopt such masochistic and self-destructive policies….
The risk of drifting into a
recession
is larger in Europe than it is in the United States.
A lower valuation for the euro diminishes the risk of
recession
in Europe.
To stabilize the euro's rate at this stage would be equivalent to a European Central Bank's announcement that it prefers stabilizing the euro at a higher value to avoiding
recession.
Fortunately, China’s leaders recognize that, if the world remains mired in a balance-sheet recession, the lack of aggregate demand, by continuing to weaken trade, will drag down their own country’s growth.
This problem is highly relevant for the eurozone, which is emerging from a long recession, with GDP still below its 2007 level and the recovery, though real, still lacking momentum.
As a result of deflation and recession, GDP (in current euro prices) in Greece, Ireland, Portugal, and Spain is at the same level today as in 2005 or 2006.
A little closer to the US than to the rest of Europe, though still a relatively weak rebound from a deep
recession.
During the brief but deep
recession
of 1949, the financial commentator Silvia Porter reflected on the attitudes that led to the 1929 crash: “We saw nothing wrong – in fact, we saw everything right – with the wild speculative boom and credit inflation that…culminated in the now almost unbelievable gambling orgy of 1929.”
Instead, they often acted as if the crisis was merely a cyclical – albeit dramatic – shock, and assumed that the economy would bounce back in a V-like fashion, as it had typically done after a
recession.
For starters, Europe will exit recession, with the peripheral economies benefiting from the strongest relative improvement in growth prospects.
This physical assertiveness followed often-violent anti-Japanese protests in China in September, while a continuing informal boycott of Japanese goods has led to a sharp fall in Japan’s exports to China, raising the risk of another Japanese
recession.
The supposed evidence was wrong because 50 is the PMI’s dividing line not between growth and recession, but between accelerating and slowing growth.
But one vital caveat was lost in the commotion: What works during a crisis will not necessarily provide sufficient traction for the post-crisis recovery – especially if the crisis has left the real economy mired in a balance-sheet
recession.
The current crisis has come to be called a “balance-sheet recession” of global scope and tremendous depth and destructive power because of its origins in the balance sheets of the financial and household sectors.
Suddenly, doubts have arisen, and the cumulative effect of them could to turn a boom into slowdown, or even into
recession.
Depending on how rapidly and deeply such a swing occurs, America could merely slow down (the so-called “soft landing”), or fall into
recession
(the increasingly feared “hard landing”).
The second pathology was decisive in turning a bad
recession
into the Great Depression.
Austrian and German bank collapses would not have driven the entire world from
recession
into depression if those countries had simply been isolated or self-contained economies.
And, second, after nine years of economic expansion, most experts expect the US to enter
recession
sometime in the next five years.
According to the International Monetary Fund, the rate of real (inflation-adjusted) world GDP growth averaged 3.7% in 2000-2010, and would have been close to 4% if not for the so-called Great
Recession.
Only a couple – notably governance-challenged Venezuela – are in outright collapse; but many are teetering on the brink of
recession.
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