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Recession in sentence

2506 examples of Recession in a sentence

As the ongoing recession exhausts the traditional instruments of monetary policy, central banks are opting for new rounds of quantitative easing (QE).
They used this knowledge in the autumn of 2008 and 2009, which is why we had only a Great Recession.
Recent research also reveals that in OECD countries since World War II, successful fiscal consolidation – defined as stabilizing the budget while avoiding recession – averaged $5-$6 of actual spending cuts per dollar of tax hikes.
While consolidation may imply some short-term costs, especially in a recession, the long-term costs of delay are large.
This time, China’s current-account surplus has been shrinking significantly, owing to the global recession caused by the collapse of the US financial bubble.
The Greek state has thus been offered easy repayments until 2033 in exchange for continuing harsh austerity ad infinitum (a primary budget surplus target of 3.5% of national income until 2022, and 2.2% during 2023-2060); impossible annual debt repayments from 2033 to 2060 (around 60% of the state’s tax revenues); and a debt-to-national income ratio above 230% by 2060 if the next global recession puts the plan’s over-ambitious growth targets out of reach, as it surely will.
Having reduced the risk of a relapse into recession, the US economy is able now to move on its own power, though gingerly.
To accomplish that, the political class must avoid the bickering that almost sent America back into recession in 2011, and that raised major questions about the quality of the country’s economic governance.
In most countries, they amount to only about 2-3% of GDP, even during a major recession.
The bursting of the Greenspan housing bubble triggered a financial crisis and recession the likes of which had not been seen since the 1930s.
Nevertheless, it is the Great Recession that keeps Labour in contention, particularly in the light of the Conservatives’ pledge to start cutting public spending the moment they take power.
Some 40% of the unemployed have been out of work for six months or more, which, as US Federal Reserve Board Chairman Ben Bernanke noted in a recent speech, is far higher than in any other post-World War II recession.
Flooding their economies with liquidity, maintaining export-friendly exchange rates, and spending to employ workers directly and boost the supply of safe savings vehicles have made the Great Recession in East Asia less dire than it has been elsewhere.
And the rapid reductions in budget deficits that European governments are now pledged to undertake can only increase the likelihood of a full double-dip recession.
Of course, his supporters argue that he had to adapt to two ongoing wars and the worst recession since the 1930’s.
Europe’s Surplus of StagnationLONDON – While the rest of the world recovers from the Great Recession of 2008-2009, Europe is stagnating.
And, although the “Great Recession” that started in 2007 contributed to the decline, the average had been falling well before the financial crisis began.
It is afflicted by a very different disease: a protracted balance-sheet recession that continues to hobble American households, whose consumption accounts for roughly 70% of GDP.
The first flaw is that the spending reductions are badly timed: coming as they do when the US economy is weak, they risk triggering another recession.
Moreover, recession on the periphery is now spreading to the eurozone core, with French output contracting and even Germany stalling as growth in its two main export markets is either falling (the rest of the eurozone) or slowing (China and elsewhere in Asia).
In the eurozone, the debt crisis triggered a sharp turn to fiscal contraction – and, with it, a return to recession.
For countries like China or India, the scaling down of growth from 8% to 5% is nearly the equivalent of a recession in the West.
Short of default and inflation, most countries are forced to accept big tax hikes and spending cuts, often triggering or deepening a recession.
It will be very tough – not only for Greece, but for all the other overextended countries of Europe – to tighten fiscal policy in the midst of recession without risking a deepening spiral.
After all, the previous hike, implemented in April 2014, quickly drove the economy back into recession.
This is especially so because America has exported not just its recession, but its failed deregulatory philosophy and toxic mortgages, so financial institutions in Europe and elsewhere are also confronting many of the same problems.ampnbsp;
The question is not only how long the recession will last, but what the economy will look like when it emerges.
In response to the global recession of 2008, the United Kingdom embarked on an austerity program while the United States enacted an $800 billion fiscal stimulus.
The 2008 recession was triggered by the collapse of a real-estate bubble.
The decline in per capita income from its peak at the onset of the crisis to its trough at the recession’s bottom averaged about 9.6% for this group.
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