Archive for 2009 Recession
2009 – will the current recession turn into a depression? Which countries are most affected by the global financial crisis?
When Will The Recession End In Iceland?
The United States economy has hit a rough patch to be sure. With the economy in turmoil, Americans losing jobs, homes and taking advantage of credit counseling, there’s no dispute that times are tough. A comparably unthinkable economic disaster has similarly devastated Iceland, even more so than America.
One Icelandic blogger, Hjorter Smarason, describes how the [...]
Japanese Recession Hits Hard as 2009 Exports Plummet
On November 18th 2008, the world’s second largest economy, Japan, announced that it had officially entered a period of recession. A drop in GDP of 0.1% in the second quarter marked the first recessionary phase for the Japanese economy since 2001, when the country was feeling the after effects of the dot-com bubble in the [...]
Winners And Losers In The UK Credit Crunch
It’s not just the U.S. that’s facing an economic downturn. According to the British Chamber of Commerce, the United Kingdom could be facing a major recession within as little as three months. The BCC carried out a survey amongst it’s 5000 members across all industry sectors. It’s economic advisor, David Kern, said the results showed [...]
BBC News Coverage of U.S. Recession and Downturns
A look at the current causes of economic recession in the USA from a UK persepective.
Banks are worried about lending. Ben Bernanke the Chairman of the Federal considers a stimulus package to re-invigorate the economy.
BBC News Coverage of The US Economic Recession
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Bush: Tough times ahead , but no recession.
Bush: Tough times ahead , but no recession.
The President once again denied that America is facing an economic recession. In an interview with Susie Gharib of PBS Nightly Business Report he admitted:”We’re in a tough patch, having a tough time, it’s bad – times are rough…” were some of the words used by Bush although [...]
2008 Recession Is Unstoppable!
A recession in the US appears unavoidable
From the International Herald Tribune
If history is a reliable guide, the recession of 2008 is now unavoidable.
The dismal jobs report released Friday showed overall employment to be lower than it was three months ago. Every time such a slump has occurred since the early 1970s, a recession has [...]
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