Recession

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Spain will sink deeper into a recession in the second quarter, the Bank of Spain said, as data showed retail sales fell by a record annual rate in April. Recent indicators suggest output will keep falling in the quarter through June, the central ...
May 29, 2012 at 11:41 | Source: Bloomberg
For most of us, it isn't really news that the economy is struggling: new figures from the Office of National Statistics (ONS) have recently confirmed that Britain went back into recession at the end of last year and we're still in a double dip.
May 25, 2012 at 20:57 | Source: The Guardian
U.S. lawmakers must take steps to address $7 trillion in “economic events” next year or the economy may go into recession, the co-chairmen of President Barack Obama’s fiscal commission said on CNN. Automatic tax changes and cutbacks to ...
May 27, 2012 at 07:33 | Source: Bloomberg
In an interview to CNBC-TV18, Kevin Logan, US economist at HSBC says, investors are worried that the situation in Europe is going to deteriorate further. “The problem is there could be a very deep and serious recession in Europe. That in-turn ...
May 29, 2012 at 08:21 | Source: MoneyControl.com
LONDON — When the British economy fell back into a recession at the beginning of the year, the government put part of the blame on the turmoil in the euro zone. That claim lost some credibility Thursday, with the release of official statistics ...
May 24, 2012 at 13:13 | Source: New York Times
PARIS (AP) -- The 17-country eurozone risks falling into a "severe recession," the Organization for Economic Cooperation and Development warned on Tuesday, as it called on governments and Europe's central bank to act quickly to stop the slowdown ...
May 29, 2012 at 11:41 | Source: Yahoo Finance
The Weekly Leading Index (WLI) of the Economic Cycle Research Institute (ECRI) dropped to 123.1 from a slight downward revision of 124.4 (see the fifth chart below). The WLI growth indicator also slipped, now at 0.1 as reported in Friday's public release ...
May 28, 2012 at 08:36 | Source: Seekingalpha.com
LONDON (AP) — Britain is in a deeper recession than previously thought, official figures showed Thursday, in another downbeat development that will likely heap the pressure on the government and the central bank to do more to boost the flagging economy.
May 24, 2012 at 10:35 | Source: YAHOO!
The recession put the brakes on many franchise chains’ expansion — but not all. For instance, the top fast-food chain by number of locations, Subway, added close to 6,000 restaurants from 2008-2010, the Milford, Conn.-based company reports.
May 23, 2012 at 12:10 | Source: msnbc.com
Spain's battered economy will be stuck in recession in the second quarter of 2012, throwing more people out of work, the central bank predicted in a report Tuesday. Spain posted a 24.4-percent unemployment rate in the first three months of the year as the ...
May 29, 2012 at 10:44 | Source: Bangkok Post