Archive for September, 2012

Investors eye the 'cliff' as Obama gains in polls
Boston Herald
1 and start pulling the country into another recession. The higher taxes and lower spending would total $600 billion over one year. They take effect automatically unless Congress and the White House reach a deal before then. There is reason to expect a

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Telegraph.co.uk (blog)

As Spain's recession worsens its tradesmen are swallowing their pride
Telegraph.co.uk (blog)
Who would have thought it? When I first set foot in my golden valley if I'd needed a plumber, electrician or builder to pop round to fix something at the house, I'd have expected to wait. And wait. Now, if so much as a whisper goes round that I need a

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Greek Economy to Shrink More Than Expected Next Year
Wall Street Journal
ATHENS—Greece's economy is expected to contract more than projected in 2013, its sixth year of recession, under the weight of the next round of austerity measures demanded by international creditors, according to a draft budget the government will

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Global Economic Intersection

Economic Forecast October 2012: Huge Decline, Fundamentals Degrading
Global Economic Intersection
These economic pulses cause some to believe the economy is heading towards a recession – as forecasts use growth rate-of-change to assess economic trends. Further, these cycles are out of phase with the calendar – and the commonly used seasonal

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The Guardian

UK recession shallower than expected
Reuters
LONDON (Reuters) – Britain's economy contracted less than thought during the second quarter, offering a higher base for an expected return to tepid growth and lifting the pound while supporting share prices. Other data showed Britain's financial
In Britain, Revised Figures Show a Smaller Economic ContractionNew York Times
UK recession is over, economists claimThe Guardian
UK recession not as bad _ but only marginallyBusinessweek
Sydney Morning Herald
all 231 news articles »

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Economic Times

Global economy: Chances of prolonged recession are high?
Economic Times
Final September surveys of purchasing managers are likely to confirm the euro zone is mired in recession. But Berenberg Bank said that, thanks to the ECB, the 17-nation bloc was close to an inflection point; rebounding growth in narrow money pointed to

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Recessionary outlook
Oman Daily Observer
At Credit Agricole bank, economist Frederik Ducrozet commented that "the question which stalks the market is not the recession — a recessionary outlook would hit risky assets such as shares, but would have far less effect on the government bonds." He

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