Sentences with phrase «recession in»

Cameron said Brown had often lauded his own economic stewardship but despite his claim to have ended boom and bust, Brown had presided over the «longest, deepest recession in recent memory».

He wrote that Portman's policies under Bush cost Ohioans jobs and helped spark «the worst economic recession in our lifetimes.

He said: «Perhaps its important for us to understand the nature of this recession in which we have found ourselves.

I wonder if you understand, my Tory Friends, that you are popular ONLY because David Cameron is not Gordon Brown, the Tories are not New Labour and it is obvious now, even to the most complacent, that we are heading for a deep recession in spite of the oft repeated boast that Gordon Brown was the best Chancellor of the Exchequer since King Alfred burnt the cakes?

Many have blamed the current recession in low productivity arising from harsh operating environments for manufacturers.

Governments of other countries also enjoy a firmer vote of confidence than in the UK, despite Gordon Brown's flurry of initiatives to halt the recession in the shape of bank interventions and fiscal stimulus.

According to Reuters, the West African nation emerged from its first recession in 25 years in the second quarter of 2017 as oil revenues rose, although the slow pace of growth suggests the recovery remains fragile.

Investors are awaiting fourth quarter GDP figures, which are expected to show the UK entered recession in the second half of the year.

Mr Williamson warned that although the likelihood of a double - dip recession in terms of economic growth was low, trends that the labour market is retreating to recession - like characteristics was «already becoming evident».

But now the country has been running short of dollars as oil revenues have fallen along with the price of crude, pushing the economy into its first recession in a quarter of a century.

The government need to recognise that putting hard working civil and public servants on the dole at a time of economic uncertainty will only prolong the recession in the communities affected.»

He advised the wealthy in the society to make it mandatory upon themselves to always assist the poor and the needy in order to cushion the effect of the recession in their social and economic lives.

As Business Secretary, he has a crucial role in overseeing our recovery from the sharpest recession in living memory.

The import of the release is that Nigeria has come out of its longest recession in almost three decades.

We remain of the view that, on balance, Mr Brown remains the best leader to tackle the difficulties posed by what may be the deepest recession in 60 years.

Even before the onset of the UK's deepest recession in a generation, official figures showed that only the better - off families were spared from a squeeze on living standards that saw median income virtually unchanged and fresh cuts in real pay for those on the lowest salaries.

The General Superintendent, Deeper Christian Life Ministry, Pastor William Kumuyi, on Wednesday, urged Nigerians to support President Muhammadu Buhari in his efforts to end recession in the country.

Nigeria, the continent's most populous country, had been in recession since late 2015 while South Africa confirmed a technical recession in the first quarter of this year.

The industry has never fully recovered from the recession in the 90's, particularly at the management and senior management level.

The figure showed the second consecutive positive growth since the emergence of the economy from recession in the second quarter.

Africa's two biggest economies likely emerged from recession in the second quarter but strong growth won't show up until business confidence is restored, a Reuters poll suggested on Friday.

His speech also saw him deliver a troubled assessment of the «big problems» facing Britain's economy, which has struggled to begin a convincing recovery from recession in the last 12 months.

The state's unemployment insurance fund was more than $ 3.5 billion in deficit during the recession in 2008 and 2009, but has slowly climbed out of the hole, leading to a drop in the rate paid by employers.

«To the extent that it is better for individuals to stay in work, albeit with lower wages, than to become unemployed, the long - term consequences of this recession in terms of labour market performance may be less severe than following the high unemployment recessions of the 1980s and 1990s.»

Some left the UK during the recession in the early 90s, others moved to cities like Berlin where they can actually afford the rent.

The number of $ 1 million earners in New York dropped for the first time since the recession in 2009, state records show.

«That's why you see people asking whether there was a recession in Lagos and where are they are getting money to do all those construction?

«Ironically, the recession in the country is not facing people in the villages.

Our historical trends across the last recession in the early 1990's suggest that some displacement may be occurring and that as concern around the economy subsides then we might expect crime to become a more prominent issue again.

12:33 - The central forecast from the OBR does not predict a recession in the UK, Osborne says, but they have revised down growth prospects for the UK.

Following the Great Recession in 2008, many states decreased the amount of appropriations set aside for higher education, with many states» budget cuts tending to focus largely on education spending, according to a Center on Budget and Policy Priorities report.

The Gap Elimination Adjustment (GEA) has created a widening gap between Syracuse and the wealthier school districts in New York, even though was implemented in the 2010 - 11 school year during the recession in order to alleviate the hole in the New York state budget, according to New York State United Teachers, a teachers» union in the state.

Prior to the recession in 2008, public sector current spending was 38 % of GDP — that's below the level of spend in 8 of Thatcher's 11 years.

All agreed in the wake of the recession in 2008 that raises would be inappropriate.

Such a policy also plays down the much bigger contribution that higher taxes on the bankers and super-rich should play, not least because basically they caused this deep recession in the first place.

The soaring costs have been largely triggered by stock market losses during the depths of the recession in 2007 and 2008.

Following the ballot delivery, Obama for America New York State Director Robert Diamond said, «The election in November represents a clear choice for the American people, between continuing the progress the Obama Administration has begun creating jobs and restoring economic security for hard working Americans or the Republican candidates who continue to fight to protect tax breaks for only the wealthiest corporations and individuals, and propose returning to the same failed policies that created the current economic recession in the first place.

Speaking on «The Capitol Pressroom» recently, Comptroller Thomas DiNapoli said government jobs are suffering now because they were shielded from the recession in the beginning with federal stimulus money.

«Don't believe me, believe Paul Krugman, who says that her plan is the one that will actually address the problems of wall street today and how we avoid, best avoid another great recession in the future,» de Blasio said.

By way of comfort, Treasury Secretary Timothy Geithner says there is no double - dip recession in sight.

Governor Wike had recently blamed the current economic recession in the country for his administration's failure to live up to expectation and the INEC and Police for the misfortunes of PDP in the elections of the state.

Central bank governor Godwin Emefiele described Nigeria's recovery from its worst recession in over two decades as «fragile», warning the country «could relapse in a more protracted recession» if the right policies aren't put in place.

Interestingly, Nana Addo and the NPP, who hailed the election of Nigerian President Buhari, as signifying their expected change in Ghana, has been keeping away from Nigeria's Buhari in recent times, following a recession in the Nigerian economy.

Also speaking on UBA's financial performance and position, the Group CFO, Ugo Nwaghodoh said that the Bank had «a strong start in the year, despite protracted recession in Nigeria, our largest market.

Britain emerged from recession in the final quarter of 2009 with positive growth of 0.3 %, after 15 consecutive months of contraction.

This prime minister inflicted on us the deepest and longest recession in modern history.»

POUGHKEEPSIE — Dutchess County government's financial picture is better than last year's, but not as good as it was prior to the recession in 2007.

«As you are aware, Nigeria just exited its worst recession in more than two decades.

The world economy is set to rally from the worst recession in post-war history, but UK growth will flatline in 2010 according to an influential think - tank.

Nine states defaulted during a major recession in the 1840s.