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Recession in sentence

2506 examples of Recession in a sentence

NEW YORK – The question I am asked most often nowadays is this: Are we back to 2008 and another global financial crisis and recession?
Europe’s Doom Loop in ReverseBRUSSELS – During the 2011-2012 euro crisis, the currency area became mired in a “doom loop,” in which weak banks in financially distressed countries rationed credit, causing a recession that intensified pressure on government finances, which were already burdened by the need to cover banks’ losses.
But this positive credit cycle is less visible than the doom loop, because it takes a lot less time to cut the number of borrowers and push the economy into a recession than to foster a recovery when credit becomes available again.
Back in 2009, Europe faced a widely shared imperative to rescue distressed banks, fight recession, and contain a sharp rise in unemployment.
The employment-to-population ratio in the US remains flat – mired at the very low levels to which it fell during the recession.
Prices in glamour cities are likely to drop sharply the next time there is a serious recession, or if the local economy suffers a severe shock, or if interest rates rise too fast.
A recession twice as deep as the one we have had would have cost the US roughly $2 trillion – and cost the world as a whole four times as much.
The crisis spread around the world, but there was no recession.
Those front-loaded tax increases and government-spending cuts plunged the economy deeper into recession, making a farce of claims that the public debt was sustainable – and forcing the inevitable debt restructuring after two more agonizing years.
Suppose that southern Europe is hit much harder by today’s recession than northern Europe.
In the early 1990’s, when California had a more severe recession, people sought jobs in neighboring states.
This has led some economists to question whether the euro zone is a good idea at all, and to predict that, when confronted with a test of a severe differential recession, it will break apart.
The financial crisis and deepening recession have created many challenges.
Avoiding a New American RecessionCAMBRIDGE – The United States may be headed for a recession in 2013.
Even if the country avoids going over the “fiscal cliff,” a poorly designed political compromise that cuts the deficit too quickly could push an already weak economy into recession.
But a gradual phase-in of an overall cap on tax deductions and exclusions (so-called tax expenditures), combined with reform of entitlement spending, could achieve the long-run fiscal consolidation that America needs without risking a new recession.
The Congressional Budget Office and the Federal Reserve predict that going over the fiscal cliff would cause a recession in 2013, with Fed Chairman Ben Bernanke recently saying that the Fed would be unable to offset the adverse effect on the economy.
The potential recession risk of a budget deal can be avoided by phasing in the base-broadening that is used to raise revenue.
But, together with debt restructuring, accommodative monetary policy, liquidity support from the European Central Bank, and much-required structural reforms, they can help to put these troubled economies on a sound footing without a euro breakup or a major austerity-induced recession.
Trump’s belief that US tariffs would act as a tax on Chinese exporters, while creating jobs in America, might have been valid at a time of recession and mass unemployment.
And the Iraq invasion of Kuwait in 1990 led to another spike in oil prices that triggered the US and global recession of 1990-1991.
But, while no one disputes that things have gone wrong in Greece, the argument that fiscal consolidation necessarily leads to never-ending recession is not borne out by the facts.
While Greece was having two rounds of elections, its recession deepened and policy action stalled.
Most of the public-debt increase in the US and elsewhere is not due to any kind of discretionary fiscal stimulus; it’s all about the loss of tax revenue that comes with a deep recession.
Approving a long-run deficit-reduction plan now but deferring its starting date until the economy is near full employment would prevent premature fiscal contraction from tipping the economy back into recession.
Many on the left, on both sides of the Atlantic, argue that more, not less, government spending is required to lift their economies out of recession.
Thus, a debt overhang cumulatively costs more in lost income than a deep recession does.
The adverse short-term growth effects of a spending cut are likely to be largest when the economy is already in a recession, trade partners are also cutting spending or raising taxes, the central bank’s interest rate is already near zero, and markets have no particular worries about the state’s ability to repay its debt.
The global economy currently is slowing; several European countries – and the eurozone as a whole – are in recession; central banks’ interest rates are exceptionally low, and unlikely to rise soon; and most advanced countries are cutting public spending.
The Political Economy of 2013NEWPORT BEACH – Watching America’s leaders scramble in the closing days of 2012 to avoid a “fiscal cliff” that would plunge the economy into recession was yet another illustration of an inconvenient truth: messy politics remains a major driver of economic developments.
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