Sentences with phrase «of the deepest recession of»

Not exact matches

In 2009, state - sponsored bank bailouts led to widespread panic; despite deep budget cuts, Ireland plunged into the deepest recession of any EU country.

The economy had slowed and was on the verge of a deep recession.

«Deep recessions will occur, but the majority of episodes of recessions of sequential negative growth are likely to be shallow, and less painful.»

Hilary Stout illustrated this problem in The New York Times in June: «After all, the millennial generation has less wealth and more debt than other generations did at the same age, thanks to student loans and the lingering effects of the deep recession,» she wrote.

«2015 was hardly the best of times for Alberta and Saskatchewan, but the underlying strength of Ontario and Quebec helped prevent Canada's economy from sinking into a deeper recession.

On that note, let's look at the report released by the Bureau of Economic Analysis last week highlighting the fact that our recession ran deeper then and, in my opinion, continues to significantly impact us now:

Russian markets, in recovery mode following a deep recession after the global oil price collapse in 2015, have been ravaged since Friday over fears of U.S. sanctions.

«The 2017 stress test shows the UK banking system is resilient to deep simultaneous recessions in the UK and global economies, large falls in asset prices and a separate stress of misconduct costs,» the BoE said.

The head of the World Trade Organization warned of a real risk of triggering an escalation of global trade barriers and a deep recession, even as financial markets and many economists started to discount the risk of a global crisis.

Things start out looking pretty dire, as the economy fell into its deep recession through mid-2009, with the S&P 500 reaching a minimum in March of that year.

The first Obama term coincided with the onset of a deep recession caused by a financial meltdown.

It was also the deepest Canada's real GDP plunged into negative territory in nearly six years, when it fell by 3.6 per cent during the recession - battered second quarter of 2009, Statistics Canada said.

Whatever the arguments about fiscal policy's effectiveness in countering deep and lasting recessions, of a kind the world faced in 2008, it was never envisaged that it should be wheeled out the minute economic growth fell below two per cent.

The province may finally be crawling out of its deepest recession since the dreadful 1980s, but it's a slow crawl, and years will pass before the economy makes up the ground it lost.

And though economic recovery has begun, Albertans still feel the scars of the deep recession and oil - price plunge.

For example, in the first year of recovery following the deep recessions of 1973 - 1975 and 1981 - 1982, real consumer spending increased an average of 6.5 percent and residential investment rose an average of 38 percent.

In this new normal, recessions will tend to be longer and deeper, recoveries slower, and the risks of unacceptably low inflation and the ultimate loss of the nominal anchor will be higher (Reifschneider and Williams 2000).

Much of the shortfall through the first year of President Obama's second term dates back to the deep hole he inherited from George W. Bush as the economy plunged into the Great Recession at the end of 2007.

It was a world characterised by massive swings in our terms of trade, and a very serious international financial crisis followed by a deep global recession, not to mention the effects of the adoption of «non-conventional» policies in the major jurisdictions.

«My children were teenagers when I first opened CMIT Solutions in 2009, during the deepest part of the recession.

The economy would have been thrown into a much deeper and longer recession than actually occurred; a temporary stimulus program would not have been permitted; departmental operating budgets would have been frozen beginning in 2009 - 10 and continuing to long past 2015 - 16; the salaries of all Cabinet Ministers and Deputy Ministers would have been frozen beginning in 2009 and lasting long past 2015.

The paper says the global economy is now «almost certainly headed for a deep and prolonged recession,» and notes that global markets have already fallen as far as they did in the Great Crash of 1929.

Not only did he want continuity at the Fed, but the president said he needed Summers by his side in the White House as he tried to lift the economy out of a deep recession, according to people familiar with the conversation.

Their final «stylised fact» provides an accurate description of the subsequent Asian problems: «The «over-borrowing» episode culminates in a financial crisis, capital flight and recession — often forcing an uncontrolled deep devaluation of the currency, with a resurgence of inflation.»

Two years before the 2008 Wall Street crash that toppled the global economy into deep recession, Harper's Magazine published a dark prophecy of what was to come.

Most recessions are punctuated by at least one quarter of positive GDP growth, followed by a deeper downturn.

Under the more adverse scenario of a longer and deeper recession, the two - year loss rates on average across the 19 banks were projected to be as high as experienced during the Great Depression.

But at the same time, there is always a recession out in front of us; and that fact of life is what makes for long and difficult recoveries, not to mention very deep bear markets.

One of them is that deep into an expansion, higher economic confidence reduces the likelihood that many markets will panic at the same time, and means market - specific stories are often bigger drivers than the more binary question of «recession, or not?»

I've made no secret of the fact that the independent data I follow suggested the 3Q GDP figure is around -2 % and that the 4th quarter is likely to show we're deeper yet into a recession.

But even though these periods shared deep recessions, the direction of inflation during these periods differed.

With stocks at currently high multiples on normalized earnings, that type of scenario would probably increase the odds off a deep recession and induce a much larger decline in stock prices.

A consensus on the need for FTAAP to defend and facilitate open and deeper economic ties has evolved amid the recession and threats of global protectionism.

Vanguard's doing something right to find companies that have grown dividends at a compound annual rate of 7.2 % per year through one of the deepest recessions in history.

«The Fed is making it appear they are compassionate when really they are the architect of the coming deep recession,» contended Michael Bolser, the author of an investment analysis newsletter published daily in conjunction with his website InterventionalAnalysis.com.

It's one thing to have trillion - dollar deficits during a deep recession, but to create permanent trillion - dollar deficits projected during a time of economic expansion is the definition of irresponsibility.

As we know, the materialisation of some of the risks that had built up in the financial system, followed by a financial crisis, deep recessions and slow recoveries, has meant that much more has been demanded of central banks in recent years, especially those in the major jurisdictions.

This comparison points to the deeper imbalances that brought on the US recession in the first place — namely, the equity market correction, balance - sheet stress in the US corporate sector, low profitability, and an investment overhang, particularly in Information Technology (IT) and communications, all of which weighed on the ability of US businesses to invest.

Six years after the start of a deep recession and a growing call for more middle - class manufacturing jobs, one American industry is tackling workforce development in a unique way.

Then in 2006, after 30 years, those tax breaks expired, companies pulled out of the island, taking with them well - paying jobs and tourism, and the island fell into a deep recession.

The large rise in real wages at this time explains why the unemployment rate indicates a deeper and longer recession than the other indicators of the cycle.

The totality of the developed capitalist countries enters then in a deep recession.

The economic crisis, previously viewed as an indispensable ally in helping the President enact the agenda, now appears as a malevolent agent, and a perversely ill - timed one at that, since, as Hendrik Hertzberg of The New Yorker explained, «the longest and deepest mass suffering» of the Great Recession, in contrast to the Great Depression, «has occurred with Obama in the White House.»

In 1982, Yoshida — then a karate instructor for the Oregon State Police Academy and other police training programs — lost many of his clients to training budget and hiring cutbacks caused by the deep recession of the early 1980s.

Critics hammered McDonald's executives not only for offering unhealthful menu items but also for marketing fast food to kids with its Ronald McDonald character and Happy Meal toys, all while the company boasts of eight straight years of sales growth despite a deep economic recession.

At Westminster, the government is dealing with the implications of ONS figures released this week which suggest that the UK economy's fall into recession is deeper than expected.

It appears that at a time of deep - set recession and duck houses, the country has become all too serious.

I have seen hordes of American poor whites packed in single houses begging the landlord for mercy month after month, while legions of Indians strolled down gleaming Seattle streets, patronizing malls and coffee shops and enjoying the fruits of high civilization in the deep of a recession.

The business secretary raised eyebrows on Newsnight when he said he would «probably» do a good job of being chancellor, just hours after official figures showed the UK was in an even deeper recession that previously thought.

In his first Budget Geoffrey Howe raised VAT and cut income tax, and during the deep recession of 1981 he cut government expenditure.