Tag: recession

• Thursday, August 18th 2011 - 20:57 UTC

  US and Euro zone “dangerously close to recession” warns Morgan Stanley

  

  The United States and Euro zone are “dangerously close to recession,” Morgan Stanley said on Thursday, criticizing policymakers and predicting the European Central Bank will have to reverse its rates policy.

• Thursday, May 19th 2011 - 17:28 UTC

  Japan falls into recession following March’s triple blow

  

  Japan's economy shrank much more than expected in the first quarter and slipped into recession after the triple blow of the March earthquake, tsunami and nuclear crisis hit business and consumer spending and tore apart supply chains.

• Thursday, July 15th 2010 - 06:23 UTC

  Recession-hit Britons cut back on overseas travel in 2009

  

  Recession-hit Britons cut back on overseas travel last year, with business trips down by almost a quarter, the UK Office for National Statistics announced this week.

• Wednesday, April 21st 2010 - 16:13 UTC

  IMF warns about asset bubbles in developing powers in Latam and Asia

  

  The International Monetary Fund (IMF) has urged developing powers in Asia and Latin America to guard against the kinds of asset bubbles that caused wealthier economies to plunge into recession in the last two years.

• Tuesday, April 20th 2010 - 14:42 UTC

  UK economy recovery forecasted towards the end of 2011

  

  Prospects for the UK's economic recovery remain poor this year with output growth of 1% or less predicted in 2010, a leading forecaster has warned. It also suggested that although consumer spending is on the rise, it will remain too weak to sustain a recovery this year as consumers try to pay off debts as quickly as possible.