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| | | ... would save 20 billion euros ($A26.29 billion) but warning that it would not prevent the economy from slipping back into recession next year. He warned on Monday that Italy would "collapse" like Greece if it does not adopt harsh austerity measures. Dublin ... |
| | | | ... increased of 6000 to 402K in the week ended 26 November. Oh-em-gee! Europe might be headed for a greater than "mild" recession. Oh-em-gee! China could be in for a hard landing. Oh-em-gee, improvement in the US labour market remains painfully slow. Yeah ... |
| | | | ... declines induced by the financial crisis and natural disasters". Stating that the euro now appeared to be in a "mild recession", the think tank noted that growth forecast for OECD economies had been dramatically cut since May, revised down to 1.8 per ... |
| | | | ... May) and 1.6% in 2012 (down from May's prediction of 2.8%). It also mentioned that the Eurozone "appears to be in mild recession" and that it could turn "into deep recession with large negative effects for the global economy" if left unchecked. Moody's ... |
| | | | ... indicators, including steady drops in the number of applications for unemployment, that suggest the US is far from the second recession economists had begun to fear in August. Markets in Europe also rose sharply as leaders there discuss new approaches ... |
| | | | Could it be? Not long after US President Obama has departed this land that's girt by sea, Americans are now picking on Australians for their woes. Blaming it on our "recessionary mindset" and our "despondent consumer confidence". According to theage.com.au ... |
| | | | ... everywhere. Remember Chinese Vice-Premier Wang Qishan statement that, "An unbalanced recovery would be better than a balanced recession" the other day? Well, yesterday's surprisingly negative PMI data has spurred speculation that China could join the ... |
| | | | ... Qishan warned that, "The one thing that we can be certain of, among all the uncertainties, is that the global economic recession caused by the international financial crisis will be chronic." But that, "An unbalanced recovery would be better than a balanced ... |
| | | | ... assets and found that it was too soon to tell if the European and the US debt crises would result in another global recession. "The risks are elevated and the pivotal role politics is playing makes predictions difficult," said David Stuart, head of Mercer's ... |
| | | | ... a crisis in sovereign bonds! Seems to me that the contagion stops at Germany. Or it could be a harbinger of a German recession. Nah. The German yield curve remains positively-sloped. The German economy went into a recession in the third quarter of 2008 ... |
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