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Recession

Recession 25/05/2012

13:37 : UK economy could shrink by 2pc if Greece exits euro - The UK economy could be plunged even deeper into recession with a GDP contraction of up to 2pc if Greece is forced into a disorderly exit from the eurozone.
Source : telegraph-co-uk
12:24 : Storm clouds hang over global economy as bleak news from U.S. and China ... - Recession in parts of Europe and the slowdown in China hurt American exports, while China's once booming factories suffered a seventh straight month of decline.

Recession 24/05/2012

18:46 : QinetiQ fires on all cylinders as FTSE flies - London's leading shares were back on the offensive, marching ahead despite Britain sinking deeper into recession and the latest eurozone summit failing to provide any concrete solutions to the region's debt ...
Source : telegraph-co-uk
16:28 : Markets rally despite gloomy GDP data - Investors shrug off concerns about the recession to go bargain huntingThe FTSE has bounced 1.8% despite news that the UK has fallen into a deeper recession. Miners led the charge, with gold miner ...
Source : guardian-co-uk
10:15 : UK falls deeper into recession: analyst reaction - UK GDP has been revised down to -0.3pc after a sharp drop in construction output, putting pressure on the Bank of England to restart its quantitative easing programme. We look at the reaction from analysts.
Source : telegraph-co-uk

Recession 22/05/2012

21:32 : A new role for the ILO in the world economy | Mark Weisbrot - Poised to elect a new director general, the International Labor Organization needs to challenge the pro-austerity consensusThe Troika – the European Central Bank (ECB), the European Commission, and the International Monetary ...
Source : guardian-co-uk
13:48 : Euro Falls as Eurobond Debate Begins - Euro is dropping today as eurozone leaders meet to discuss growth options for the 17-nation currency zone. Eurozone growth has been sluggish, verging on recession, and that is impacting the ability of member ...
Source : topforexnews-com
13:32 : IMF backs tax and interest rate cuts to dig UK out of recession - International Monetary Fund head Christine Lagarde says, 'policies to bolster demand before low growth becomes entrenched are needed' The chancellor George Osborne was under pressure on Tuesday after the International Monetary Fund warned that Britain ...
Source : guardian-co-uk
11:58 : Irish people still saving for a rainy day - Despite the doom and gloom of the recession Irish people are still managing to put money away for a rainy day, according to the latest KBC Bank Ireland savings barometer.
Source : irishtimes-com

Recession 21/05/2012

20:39 : Letters: No easy solutions for Greece and the euro - Britain may well fall into a bad recession if Greece leaves the single currency, as Office for Budget Responsibility boss Robert Chote says (Interview, 19 May). But the costs of Greece staying in would be even ...
Source : guardian-co-uk
13:17 : Spain to sink further into recession but says will hit deficit goal - Spain said it would meet its deficit targets this year despite the economy shrinking again in the second quarter and another slippage in its regions' accounts.
Source : telegraph-co-uk

Recession 18/05/2012

22:08 : SUNDERLAND on SATURDAY: Banks letting down UK businesswomen - If the UK is to recover from the recession and compete with emerging markets such as China, we need a banking system smart enough to see the potential of women in business.
20:36 : UK 'may never recover' if Greece exits euro - Top forecaster says Britain would face long recession as key Greek politician frames crisis as people v capitalismA Greek exit from the single currency threatens to plunge Britain into a second recession equal in ferocity ...
Source : guardian-co-uk
14:00 : Away from Europe, some countries have more cash than they can spend - Hong Kong, China, Australia and Saudi Arabia still enjoy enviable bank balances, but they may not be entirely insulatedWhile much of Europe is mired in debt and recession, some countries ...
Source : guardian-co-uk
01:28 : Barack Obama tells EU: boost growth now or face a global crisis - Germany to be urged to ease austerity during G8 talks as fears of global recession growBarack Obama is to put pressure on Germany to ease the pain of austerity with policies to boost growth, as he uses two ...
Source : guardian-co-uk

Recession 17/05/2012

22:01 : TV review: The Great Euro Crash with Robert Peston; Tales of Television ... - Whatever happens, Europe is ruined – but Robert Peston couldn't look happierThe recession has been very good to Robert Peston. While the rest of us have been rapidly getting greyer, grumpier and more broke, the BBC's business editor has ...
Source : guardian-co-uk
13:47 : Spain borrowing costs rise on bank crisis and recession - Spain's borrowing costs shot up at a bond auction today, after economic data confirmed the country is back in recession and it was reported that deposits were being taken out of part-nationalised Bankia.
Source : telegraph-co-uk
12:14 : Spain beset by bank crisis, recession, bond pressure - MADRID (Reuters) - Spain's borrowing costs shot up at a bond auction on Thursday, after economic data confirmed the country is back in recession and reports that nationalised Bankia SA had suffered an outflow of deposits hammered its ...
Source : reuters-com

Recession 16/05/2012

08:46 : John Lewis ups sales guidance, sees UK recovering - LONDON (Reuters) - John Lewis, Britain's biggest department store group, has raised its sales guidance after outperforming a flat retail market in its first quarter and believes the economy is on course for a slow recovery, despite a ...
Source : reuters-com
03:58 : Germany's growth pulls eurozone back from brink of second recession - GERMANY pulled the eurozone's economy back from the brink of recession at the start of 2012 but stagnation in France and contraction in southern Europe underlined sharply differing fortunes in a bloc labouring ...
Source : independent-ie

Recession 15/05/2012

19:27 : Bankers call Moody's mass downgrade attack on Italy - ROME/MILAN (Reuters) - Italy's banking and business leaders attacked Moody's mass downgrade of Italian banks on Tuesday, branding the move as an irresponsible blow to the economically-strapped country while it battles euro zone debt woes and economic ...
Source : reuters-com
16:13 : EUR/USD Gains on Germany’s GDP, Falls on Greece’s Elections - EUR/USD rose today after a report showed that the German economy grew last quarter, avoiding recession. (Event A on the chart.) The currency pair erased its gains and fell to the lowest level since January as Greece ...
Source : earnforex-com
13:46 : Strong German economic growth helps eurozone to avoid double-dip recession - Germany easily avoided its own double dip recession, with GDP bouncing after a 0.2 per cent fall in the final quarter of 2011. It was in contrast to 0 per cent growth for France.
10:11 : German first quarter growth 'robust' - Germany's economy confounded expectations by posting robust growth in the first quarter of the year while France could summon up none at all and Italy slid further into recession, data showed today.
Source : irishtimes-com
09:56 : Euro zone economy avoids recession but split grows - BRUSSELS (Reuters) - The euro zone just avoided recession in early 2012 but the region's debt crisis sapped the life out of the French and Italian economies and widened a split with paymaster Germany.
Source : reuters-com
09:09 : German GDP powers ahead but France treading water as Merkel and Hollande ... - Germany easily avoided its own double dip recession, with GDP bouncing after a 0.2 per cent fall in the final quarter of 2011. It was in contrast to 0 per cent growth for France.
08:45 : Recession hits EU states in the east, outlook grim - PRAGUE (Reuters) - The Czech Republic's economy shrank for the third consecutive quarter and Romania fell back into recession in the first three months of the year, as the euro crisis and government austerity ...
Source : reuters-com

Recession 14/05/2012

11:53 : Wall Street to slide, S&P 500 faces key test - U.S. stock index futures fell sharply on Monday, tracking global equity markets lower as a political impasse in Greece heightened concerns about the Europe's debt crisis as the region struggles to avoid a deepening recession.
Source : ibtimes-co-uk

Recession 12/05/2012

23:40 : How Greece could leave the eurozone – in five difficult steps - Two years ago, the prospect of a state falling out of the single currency area was unthinkable. But as the Greek electorate turns against austerity, it is becoming all too easy to picture how breakup might happenMass unemployment in ...
Source : guardian-co-uk
08:03 : Brussels says growth to miss 0.7pc target of Government - IRELAND has managed to shirk the double-dip recession gripping the eurozone, with the economy set to expand by 0.5pc this year, according to the European Commission's latest economic forecast.
Source : independent-ie
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