Recession
in sentence
2506 examples of Recession in a sentence
In that case, rather than bringing the hoped-for end of the Great
Recession
of 2008, a downturn that has lasted too long and caused too much suffering, 2012 may mark the beginning of a new and more frightening phase of the world’s worst economic calamity in three-quarters of a century.
In the absence of mitigation measures, a
recession
cannot be ruled out.
The United States will certainly experience its worst
recession
in decades, a deep and protracted contraction lasting about 24 months through the end of 2009.
There will be
recession
in the euro zone, the United Kingdom, Continental Europe, Canada, Japan, and the other advanced economies.
In the advanced economies,
recession
had brought back earlier in 2008 fears of 1970’s-style stagflation (a combination of economic stagnation and inflation).
So 2009 will be a painful year of global
recession
and further financial stresses, losses, and bankruptcies.
Unfortunately, that bubble also led to the 2008 global financial crisis and the subsequent Great
Recession.
If demonization of government by market fundamentalists is to be overcome, there must be a greater purpose than simply avoiding another financial crisis or deep
recession
– as Keynes learned during the Great Depression.
Given this, it seems clear that Bolsonaro’s rise is the direct result of Brazil’s particular circumstances, which include a devastating economic
recession
and revelations of massive corruption scandals that have tainted the PT and the country’s entire political class.
As we now know, that led to a period of easy monetary conditions, which, together with financial deregulation and technological developments, sowed the seeds of the 2007 financial crisis and the ensuing
recession.
The IMF’s New DirectionWASHINGTON, DC – Roughly one year ago, the global economic situation looked grim: a severe global recession, sizeable wealth destruction, and declines in trade and employment.
Indeed, a country affected by a world
recession
or by falling export prices is much more vulnerable if its external debt is 40% or 50% of the value of its net exports than if it has little or no net foreign debt.
Starting with the advanced countries, the eurozone
recession
has spread from the periphery to the core, with France entering
recession
and Germany facing a double whammy of slowing growth in one major export market (China/Asia) and outright contraction in others (southern Europe).
Economic growth in the United States has remained anemic, at 1.5-2% for most of the year, and Japan is lapsing into a new
recession.
The United Kingdom, like the eurozone, has already endured a double-dip recession, and now even strong commodity exporters – Canada, the Nordic countries, and Australia – are slowing in the face of headwinds from the US, Europe, and China.
If the shocks are sharp enough – and if they hit a weakened global economy that is approaching its “stall speed” of around 3% annual growth – the relapse could turn into the dreaded double-dip
recession.
But because these gains follow the massive contraction that occurred during the Great
Recession
of 2008-2009, they are a far cry from the trajectory of a classic V-shaped recovery.
Most pundits dismiss the possibility of a double-dip
recession.
But in the aftermath of the worst crisis and
recession
of modern times – when shocks can push an already weakened global economy to its tipping point a lot faster than would be the case under a stronger growth scenario – the escape velocity of self-sustaining recovery is much harder to achieve.
Yet, in the aftermath of a balance-sheet
recession
in the US, and in the midst of a debt trap in Europe, that approach is doomed to failure.
A collapse of 11 percent of national income in investment finance is catastrophic: it has thrown these countries into deep
recession.
Even as the world has faced an unprecedented global economic crisis and recession, with most countries suffering negative growth rates in at least one quarter in the last four years, India remains the world’s second-fastest-growing major economy, after China.
Not only does India have considerable resources of its own to put towards investment; as the persistence of global
recession
drives down returns in the West, foreign investors will look anew at India.
Putting China aside, India’s economy grew by 6.5% in 2011-2012, with services up by 9% and accounting for 58% of India’s GDP growth – a stabilizing factor when a world in
recession
cannot afford to buy more manufactured goods.
Just as that earlier gradualism set the stage for a devastating financial crisis and a horrific
recession
in 2008-2009, there is mounting risk of yet another accident on what promises to be an even longer road to normalization.
But when the sharp run-up in equity prices turned into a bubble that subsequently burst with a vengeance in 2000, the Fed moved aggressively to avoid a Japan-like outcome – a prolonged period of asset deflation that might trigger a lasting balance-sheet
recession.
The crisis and
recession
of 2008-2009 was far worse than its predecessors, and the aftershocks were far more wrenching.
The characteristics of a Chinese hard landing are well known from the Great
Recession
of 2008-2009.
From a peak of 11.9% in the first quarter of 2010, China’s annual GDP growth slowed to 7.6% in the second quarter of 2012 – only about half the outsize 8.2-percentage-point deceleration experienced during the Great
Recession.
The leading economies are entering a
recession.
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