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Recession in sentence

2506 examples of Recession in a sentence

First, overall demand for goods and services is much weaker, both in Europe and the United States, than it was in the go-go years before the recession.
This emphasis on anti-worker, pro-rich policies as the recession’s primary cause fits less well with events in Europe.
Yet ten years later, the same Signor Cavallo is trying to fend off recession and government default.
Since then, the economy has confronted prolonged recession, and the government is having trouble refinancing the public debt.
By contrast, when President Barack Obama took over in 2009, he inherited from George W. Bush an economy sinking into a deep recession.
As a result, Japan never fully recovered from its recession.
Not surprisingly, when global recession hit in 2008, most countries had little or no “fiscal space” to implement countercyclical policy.
Thus, unlike many countries in the North, Chile took advantage of the 2002-2007 expansion to run substantial budget surpluses, which enabled it to loosen fiscal policy in the 2008-2009 recession.
The big southern European countries, Spain and Italy, battered by austerity, are spiraling into recession.
But it should also worry about meltdown risk – about the danger that its own failure to act, by leading to a deep recession, will undermine political leaders’ ability to take the steps needed to put their economies on a sound footing.
The progressive economist says that stimulus worked, staving off a much deeper recession – if not worse – but that the measures were too timid to generate a robust recovery.
From the trough of the recession, the economy recovered the lost jobs in eight months on average.
Matters were exacerbated by firms’ postponement until a recession of hard choices about closing unviable plants and shedding workers.
Policymakers should remember that the housing boom was fueled by easy monetary policy, which sought to expand job growth as the US recovered from the last recession.
On the real economic side, all the advanced economies – representing 55% of global GDP – entered a recession even before the massive financial shocks that started in late summer.
So we now have recession, a severe financial crisis, and a severe banking crisis in the advanced economies.
The delusion that economic contraction in the US and other advanced economies would be short and shallow – a V-shaped six-month recession – has been replaced by certainty that this will be a long and protracted U-shaped recession, possibly lasting at least two years in the US and close to two years in most of the rest of the world.
And, given the rising risk of a global systemic financial meltdown, the prospect of a decade-long L-shaped recession – like the one experienced by Japan after the collapse of its real estate and equity bubble – cannot be ruled out.
It is an argument for temporary transfers to countries like Spain, which balanced its budgets prior to the crisis but then was hit by the housing slump and recession.
They are instead pursuing fiscal consolidation, following the immense explosion of public deficits and debt in the 2008-09 recession, and have called for cutting deficits in half by 2013 and stabilizing the government debt-to-GDP ratio by 2016.
Certainly not his effusive cheerleaders for the costly, ineffective February 2009 stimulus bill, a vast array of social engineering and pork that was ill suited to deal with the sharp contraction in private employment in the recession.
The recession exacerbated such views: in 2009, one-half of the US public favored allowing fewer immigrants, up from 39% in 2008.
But the windfall was mismanaged, fueling fiscal profligacy, and the end of the boom left economies in recession and voters with broken dreams.
There is an old saying about monetary policy being useless in recession because the effect of lowering interest rates is like “pushing on a string.”
He was bequeathed an economy in recession and an unemployment rate destined to rise.
To be sure, it was based on unrealistically optimistic assumptions about the depth of the recession, the strength of the recovery, and the level at which unemployment would peak.
Given all of this, the ECB was entirely justified in responding (belatedly) to the 2008-2009 global recession by lowering interest rates and undertaking quantitative easing, regardless of those efforts’ contribution to a depreciation of the euro.
Given economic insecurity within China in the wake of the financial crisis and global recession, China’s government finds insecurity in neighbouring territories more threatening than ever.
The 2012-2014 period was especially difficult, with a deep and prolonged recession resulting in a 2.1% drop in real GDP and 4.3% drop in real per capita income.
Given the headwinds of a sluggish world economy and the legacy of a long recession, however, reforms will be difficult to implement.
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