Sentences with phrase «already out of recession»

While I'm not persuaded by the argument that Canada needs countercyclical Keynesian deficit spending (I think we're already out of recession), I do know what fiscal policy I would consider worse: arbitrarily cutting spending in a weak economy to balance the budget in light of a revenue shortfall stemming from lower than expected nominal GDP.

Not exact matches

The trend has already taken a sizeable bite out of Canada's resource - heavy economy, possibly tipping it into recession during the first half of this year, and comes as Europe is still struggling with the fallout of the last crisis in Greece.

As usual, I don't place too much emphasis on this sort of forecast, but to the extent that I make any comments at all about the outlook for 2006, the bottom line is this: 1) we can't rule out modest potential for stock appreciation, which would require the maintenance or expansion of already high price / peak earnings multiples; 2) we also should recognize an uncomfortably large potential for market losses, particularly given that the current bull market has now outlived the median and average bull, yet at higher valuations than most bulls have achieved, a flat yield curve with rising interest rate pressures, an extended period of internal divergence as measured by breadth and other market action, and complacency at best and excessive bullishness at worst, as measured by various sentiment indicators; 3) there is a moderate but still not compelling risk of an oncoming recession, which would become more of a factor if we observe a substantial widening of credit spreads and weakness in the ISM Purchasing Managers Index in the months ahead, and; 4) there remains substantial potential for U.S. dollar weakness coupled with «unexpectedly» persistent inflation pressures, particularly if we do observe economic weakness.

Brett Arends of MarketWatch (who himself was trying to figure out if we were already in a recession in late - 2012) showed why it can be so difficult to predict recessions in real - time:

I also pointed out that Nigerian manufacturing was already in recession by then and noted that «all major macroeconomic indices are trending negative» including inflation, FX and capital markets, and jobs and warned that «the Nigerian economy exhibits recessionary conditions with Q2 growth approaching one - third of the level just one year earlier» and counselled that «the slide to an actual recession may still be averted with a strong economic team and sound policy».

In fact, as Steve Malanga of the Manhattan Institute think tank points out, there was already a nationwide glut of convention - center capacity even before the recession put a big dampener on the entire sector.