Economic Recession
Georgian President Mikheil Saakashvili gestures while delivering his state of the nation address to parliament in Tbilisi on February 26, 2010. Georgia's pro-Western President Mikheil Saakashvili vowed to pursue reforms to bolster the country's image as 'European, civilised and democratic' and improve its battered economy. In a state of the nation speech before parliament, Saakashvili promised to improve media freedoms as well as return Georgia's economy to growth after a recession sparked by the global economic downturn and war with Russia.
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The outlook for the global economy has deteriorated and uncertainty has increased since the bank released its October Monetary Policy Report ... The sovereign debt crisis has intensifies, conditions in the international financial markets have tightened and risk aversion has risen. The recession in Europe is now expected to be deeper and longer than the bank anticipated in October.
Contrary to repeatedly expressed fears of a recession, the assessment of the financial-market experts gives reason for cautious optimism that Germany will only experience a dent in economic activity
The fourth consecutive decline of the LEI for the United Kingdom in November highlights the growing risk of the British economy following the lead of the Euro Area into a recession. However, if the economy begins to contract, the relative strength of services industries may counterbalance the gloom of the manufacturing sector and limit the magnitude and duration of the contraction.More quotes »
Newsday's coverage
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Economy toughest on young adults, study finds
As the nation climbs slowly out of the Great Recession , young adults appear to be having the toughest time of any age group gaining a foothold in the recovering economy. Those difficulties, in turn, are shaping their decisions about careers, schooling, Read more »
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McMahon: National recovery leaves NY behind
January's stronger-than-expected employment numbers, released by the U.S. Labor Department last week, are fueling hopes that the economic recovery may finally be picking up steam. But even if the national jobs data keep improving, New York State has a ro Read more »
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Dow on track for some new records
It was just last summer that the Dow Jones industrial average shed 2,000 points in three terrifying weeks. Investors had a host of things to worry about, including the possibility of another recession .Now the Dow is within reach of the rarefied 13,000 m Read more »
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Goldmark: Diversify with fuels from U.S.
Ever notice that when the price of oil goes way up, we usually have a recession in the United States? I don't think anyone knows for sure whether that is causation or correlation.The present deep economic crisis was not triggered by oil price increases - Read more »
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Poll: more confident in LI, less in U.S.
economy Confidence in the Long Island economy rose slightly in 2011, according to a poll sponsored by the Hauppauge Industrial Association, but 61 percent of the respondents feel the nation is headed for a double-dip recession ."It's absolutely a conflic Read more »
Around the web
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Minimum-Wage Rolls Drive Albany Debate
Joseph De Avila The number of workers in New York state earning minimum wage has increased sharply since the start of the recession, one of the driving factors underlying a debate in Albany over whether to raise the hourly rate. In 2011, the number of minimum-wage 2/12/12 from Wall Street Journal Read more »
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Big Money, Small Business
would be delighted if the Congress passed the proposal. “All of the stores on Commonwealth Avenue have been affected by the recession,” said Chan. “Business is not as good as before. It would be a relief if the proposal becomes real. But I think it’s too late 2/12/12 from Daily Free Press Read more »
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Mining deal frenzy set to continue with BHP spree
Kloppers has so far failed to pull off a game-changing acquisition after a hostile bid for Rio Tinto was thwarted by global recession in 2008 and competition authorities scuppered a $40bn move for Canada's Potash Corporation in 2010. Prospects for the Glencore 2/12/12 from The Independent Read more »
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2011 market losers may be 2012 winners
also eased fears, says Nicholas Sargen, chief investment strategist at Fort Washington Investment Advisors. "Fears of global recession 'Round Two' have faded," he says. "Now, the trade is risk on." But it is too early to rule out a shift back to risk off or 2/12/12 from ABC News Read more »
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CBI Set to Rule Out A Recession in U.K.
The CBI said the main drivers of growth this year would be net trade and business investment. Ian McCafferty, CBI chief economic adviser, said exports were expected to grow by 4.3% and 6.4% in 2012 and 2013, respectively, due to a pickup in global economic 2/12/12 from Wall Street Journal Read more »
