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Recessions in sentence

327 examples of Recessions in a sentence

Rudd’s stimulus worked: Australia had the shortest and shallowest of recessions of the advanced industrial countries.
Deep, systemic financial crises lead to deep, prolonged recessions.
After all, because financial crises and deep recessions are deflationary, they, too, jeopardize price stability.
And, finally, higher inflation causes distortions to relative prices and to the tax system – distortions that have potentially significant costs, and not just in recessions.
Moreover, Poland avoided extreme booms and the deep recessions that follow.
As the American economist Paul Samuelson famously quipped, “The stock market has called nine of the last five recessions.”
It restrains excessive credit expansion during booms, while reducing the risk of bank failure or a much diminished capital base in recessions, thereby enabling bank lending to kick-start a sustainable recovery.
For a variety of reasons – hangovers from balance-sheet recessions in Japan and the US, fear-driven precautionary saving in China, and anemic consumption in productivity-constrained Europe – the demand side of most major economies remains severely impaired.
Its stagnation and spasmodic recessions result from incredible incompetence in macroeconomic policy.
True, such reforms are particularly difficult during bad times, but a large number of them have been carried in the European Union precisely during recessions.
But Medicare spending, which is not affected by recessions, has slowed along with private health-care spending.
Moreover, the number of long-term unemployed (27 weeks or longer) is about 40% of the total – thelowest share since 2009, but still far higher than in the previous recessions since the Great Depression, and about double what it would be in a normal labor market.
That is partly because the job losses during the Great Recessionwere so large – twice as large as those of previous recessions since the Great Depression.
Consistent with recoveries from such recessions, demand has grown slowly, despite unprecedented fiscal and monetary stimulus, and that explains why the unemployment rate remains high.
Such industrial mismatches become larger during recessions, reflecting greater churn in the labor market as workers move between shrinking and expanding sectors; but they decline as the economy recovers.
Rising risk premia undermine the expansionary effect of fiscal deficits even during recessions.
This, together with external shocks and severe recessions, made fixed exchange-rate regimes untenable, first in Mexico, later in Brazil, and then, spectacularly, in Argentina.
Anchoring the exchange rate is likely to result in disproportionate real appreciation, loss of competitiveness, external and financial crises, and disastrous recessions.
True, most recessions are reversed, just as most booms end.
It would last only eight months, like the two previous recessions of 1990-1991 and 2001, and the world would decouple from the US contraction.
In the short run, this restructuring could lead to localized balance-sheet recessions, despite the authorities’ efforts to create a more accommodating macroeconomic environment.
With an understanding of this process, policymakers can take steps to avert future banking crises and resolve post-crisis recessions more effectively.
In his masterpiece A Monetary History of the United States, 1867-1960 (written with Anna Schwartz), he famously attributed recessions, including the Great Depression of the 1930’s, to a decline in the money supply.
With construction activity and investment spending grinding to a halt, sharp recessions – which cause tax revenues to fall, even as surging unemployment demands increased social spending – are unavoidable.
Adjustment policies have helped, no doubt at the cost of significant growth slowdowns and even recessions.
That provides fiscal space when recessions materialize, without jeopardizing long-run debt sustainability.
And yet, immediately after his election, I pointed out that, “This recession is the real thing, far worse than the two brief, mild recessions of the last quarter-century.”
Depressions, recessions, contractions – call them what you will – occur because the private-sector spends less than it did previously.
To see why, it is worth recalling that the SGP’s original rules were judged “stupid” by one former Commission president (Romano Prodi), because the single-minded pursuit of a deficit below 3 % of GDP could be inappropriate during recessions.
If these markets now contract – and austerity has thus far led to severe recessions in Greece and Ireland, with Portugal expected to follow next year – so will the German economy.
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