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Articles for Recessions

Turning Three Recessions Into a Policy Win
4 months, 1 week ago

Turning Three Recessions Into a Policy Win

Live Mint  

-- Monetary policy, all going well, isn’t supposed to be a spectator sport. The authority went from projecting a very hawkish view of the world in May to executing a surprise quarter-point trim in its main interest rate — and intimating a meatier cut was contemplated. Far from ideal, but a long way from global shocks like the 2007-2009 financial …

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UK recession ‘weak’ and rates may be cut before inflation hits 2% – Bailey
10 months ago

UK recession ‘weak’ and rates may be cut before inflation hits 2% – Bailey

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Bank of England Governor Andrew …

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If the US is in a recession, It’s a very strange one
2 years, 5 months ago

If the US is in a recession, It’s a very strange one

Live Mint  

The U.S. economy has experienced 12 recessions since World War II, and each one included two features: Economic output contracted and unemployment rose. “I would be surprised if there were a recession without much job loss," said Gregory Mankiw, a Harvard University economics professor. Robert Gordon, a Northwestern University economics professor and member of the NBER’s business cycle dating committee, …

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What is a recession? When is the next one going to begin? – Firstpost
2 years, 5 months ago

What is a recession? When is the next one going to begin? – Firstpost

Firstpost  

According to America’s National Bureau of Economic Research, a recession is ‘a significant decline in economic activity’ that is widespread and lasts several months. That means not only shrinking GDP but also declining incomes, employment, industrial production and retail sales Chaotic stock markets, sky-high interest rates and the pain of inflation have left one question at the top of Americans’ …

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Not all recessions are the same. Here’s what could happen to the economy and markets
2 years, 7 months ago

Not all recessions are the same. Here’s what could happen to the economy and markets

CNN  

New York CNN Business — Economists, CEOs, Wall Street and Main Street are sounding the recession alarm bell. The component of this potential downturn that’s unlike others is “the psychological impact on the workforce from Covid and the enormous amount of subsidies that were introduced into the economy,” said Tell. U-shaped “I think we’re going to have a U-shaped recovery, …

Economy Tell Lowest Lebovitz Recession Recovery
‘Localised’ recessions? China’s economy teeters amid lockdowns
2 years, 7 months ago

‘Localised’ recessions? China’s economy teeters amid lockdowns

Al Jazeera  

Economists warn of negative economic growth in certain sectors and regions if ‘zero COVID’ policy continues. ‘Worst set of numbers’ “The takeaway of what we’re seeing in China right now is hands down the worst set of numbers that we have seen in terms of economic performance since the initial downturn that took place in 2020,” Shehzad Qazi, managing director …

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Some media outlets say the recession caused by COVID-19 is over, but they're wrong
4 years, 1 month ago

Some media outlets say the recession caused by COVID-19 is over, but they're wrong

ABC  

The recession hasn't ended. Because economists use a range of definitions to pinpoint a recession, and one definition says if your economy experiences two consecutive quarters of shrinking activity then it's in recession. Photo shows Paul Keating It's close to 30 years since Australia's last recession, which saw vast numbers of people lose their jobs or struggle to break into …

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World experiencing one of the deepest recessions since Great Depression due to COVID-19: World Bank
4 years, 2 months ago

World experiencing one of the deepest recessions since Great Depression due to COVID-19: World Bank

The Hindu  

The world is experiencing one of the deepest recessions since the Great Depression in the 1930s owing to the novel coronavirus, World Bank President David Malpass has said, terming the COVID-19 pandemic a “catastrophic event” for many developing and the poorest countries. For the developing countries, and especially the poorest developing countries, that downward leg in the K is an …

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Global economy to plunge to deepest recessions post-COVID since Great Depression: World Bank
4 years, 2 months ago

Global economy to plunge to deepest recessions post-COVID since Great Depression: World Bank

Firstpost  

On Wednesday, the World Bank approved the extension of health emergency programmes to up to $12 billion for vaccines and therapeutics in developing countries Washington: The world is experiencing one of the deepest recessions since the Great Depression in the 1930s owing to the novel coronavirus, World Bank President David Malpass has said, terming the COVID-19 pandemic a “catastrophic event” …

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World experiencing one of the deepest recessions due to COVID-19: World Bank
4 years, 2 months ago

World experiencing one of the deepest recessions due to COVID-19: World Bank

India TV News  

The world is experiencing one of the deepest recessions since the Great Depression in the 1930s owing to the novel coronavirus, World Bank President David Malpass has said, terming the COVID-19 pandemic a "catastrophic event" for many developing and the poorest countries. For the developing countries, and especially the poorest developing countries, that downward leg in the K is an …

Infrastructure World Bank World Bank Countries Covid Provide
Recessions punish our youth and the coronavirus downturn is no different
4 years, 5 months ago

Recessions punish our youth and the coronavirus downturn is no different

ABC  

What exactly is a recession? While economic growth bounced back relatively quickly, it took years — decades even — for the jobs market to recover, to finally return to the level it was before the recession hit. While we could see a small lift when the latest jobs numbers land this Thursday, all the indications are that — despite the …

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Recessions have a nasty habit of lingering — just ask those who lived through the last one we had
4 years, 5 months ago

Recessions have a nasty habit of lingering — just ask those who lived through the last one we had

ABC  

Australia is in recession for the first time since 1991. "Massive interest rates in double digit terms, at one stage just prior to the recession as high as 17 per cent," he says, shaking his head. "The most important thing that I learned is there's a huge amount of uncertainty about what's happening," Professor Gregory explains. "When the recovery starts …

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