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  • April 20, 2014
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  1. Business - Economy

    Global debt tops US$100tr as recession hits

    Posted Mar 11th 2014, 01:13am by BLOOM

    ... cent to US$100 trillion since the first signs of the financial crisis as governments borrowed to pull their economies out of recession and companies took advantage of record-low interest rates. ... to austerity measures of reduced spending and increased taxes, sacrificing their economies as they tried to restore the fiscal order they abandoned to fight the worldwide recession. Adjusting budgets ...

  2. Business - Economy - ECONOMY

    Why a recession would be good for China

    Posted Jan 24th 2014, 10:51am by JOE ZHANG

    ... be a welcome change – despite the economic recession that such action would likely contribute to. Second, in most of the past 35 years, China’s interest rates on bank deposits have not reflected ...

  3. Business - Economy

    Spain slips out of recession as exports drive recovery

    Posted Oct 30th 2013, 06:24pm by AFP

    ... Agence France-Presse in Madrid Spain escaped from a two-year recession in the third quarter of this year with growth of 0.1 per cent, though unemployment remained extremely high, official ... The growth figure meant a technical end to the recession as measured in terms of contraction in output. But economists warn of continuing challenges to recovery and expect unemployment to remain ...

  4. Business - Banking & Finance

    Euro gains in Asia on Spain recession exit

    Posted Oct 24th 2013, 03:32pm by Agence France-Presse in Tokyo

    ... Agence France-Presse in Tokyo The euro responded positively in Asia to news Spain had emerged from recession and speculation over the US Federal Reserve winding down monetary easing The euro rose on Thursday as news that Spain exited recession boosted hopes for the battered euro zone, while the dollar faced headwinds over speculation the Federal Reserve would delay its ...

  5. Business - Economy

    Euro-zone recession finally comes to an end

    Posted Aug 14th 2013, 11:07am by Reuters

    ... Reuters in Brussels Euro-zone recession finally comes to an end The economies of Germany and France grew faster than expected in the second quarter, bettering a widely heralded expansion in the United States and pulling the euro zone out of a 1½ year recession. The increased pace was primarily driven by renewed business and consumer spending in the 17-country bloc's two largest ...

  6. Business - Economy

    Recession over, but Europe still weak

    Posted Aug 17th 2013, 12:00am by Reuters

    ... Reuters in London High unemployment and debt cloud euro zone's 0.3pc growth in quarter after 18-month slump Recession over, but Europe still weak The cheery freeze frame ... is easing as China stabilises and faster growth looms in the US. "This is what is allowing the region to exit recession," said Greg Fuzesi, an economist with JP Morgan. Ebrahim Rahbari, ...

  7. Business - Economy

    Ireland in recession as bailout exit approaches

    Posted Jun 28th 2013, 02:32pm by Reuters

    ... Ireland’s economy slid into recession late last year and continued to contract sharply in early this year, new and revised figures showed on Thursday, just months before it is due to exit ... cent in the fourth quarter of last year, meaning Ireland’s economy has shrunk for three successive quarters and is in its first recession since 2009. The Irish government is targeting growth ...

  8. Business - Economy

    Greek budget targets on track, recession pushes down prices

    Posted Jun 11th 2013, 10:29am by Reuters

    ... payments, in the first five months of the year, as it chopped public spending and investment. Recession pushed consumer prices down for a third straight month in May, in a sign that an internal ... the economy is in its sixth year of recession and unemployment is nearly 27 per cent. Some recovery is expected next year but the central bank expects a 4.6 per cent contraction this year ...

  9. Business - Comment - JAKE'S VIEW

    Recession, high property prices not signs of market failure

    Posted Feb 28th 2013, 12:00am by Jake Van Der Kamp

    ... Jake van der Kamp A pause in growth is the market's self-correcting mechanism that points economic efforts into new directions when binge investing has failed Recession, high property ... It won't do to say that an economic recession represents a breakdown in the workings of the market. Recession is a natural phenomenon that serves the vital role of pointing economic effort into new ...

  10. Business - Economy - EURO ZONE ECONOMY

    Euro zone recession to continue until year-end

    Posted Feb 23rd 2013, 12:00am by AFP

    ... Agence France-Presse in Brussels Economic output across the 17-state currency area set to shrink by 0.3pc this year after a 0.6pc contraction in 2012 The euro zone faces another full year of recession this year with unemployment likely to surge above the 20-million mark and French and Spanish state spending badly overshooting targets, the EU said on Friday. Economic output across ...




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