Recession
France and Germany out of recession
Analysts taken by surprise as data show eurozone’s two largest economies returned to growth in the second quarter
Bank of Canada sees end to recession
Central bank brings forecast forward with positive third quarter predicted
Fed's Hoenig: regulatory reform can wait
The re-establishment and proper enforcement of rules that have proven effective over time will do more to enhance regulation than a major revamp of the regulatory code, said Thomas Hoenig, the president of the Kansas City Federal Reserve.
SARB cuts in face of recession
The South African Reserve Bank (SARB) has cut interest rates by 100 basis points to 7.5% as Africa's leading economy enters it first recession in over a decade.
Fed's Rosengren bets on slow recovery
The unusual features of the current recession point to a slow recovery, Eric Rosengren, the president of the Boston Federal Reserve, has said.
Banking crises bring longer downturns
Financial turmoil characterised by banking distress is more likely to result in severe and protracted downturns than crises caused by volatility in securities or foreign exchange markets, new research from the International Monetary Fund posits.
Minneapolis Fed puts downturn in perspective
The Minneapolis Federal Reserve has produced a series of charts comparing the current recession with other downturns in the United States in the post-war period.
Fed's Yellen: recovery will not be V-shaped
The recession will end in the second half of this year, but it will not be a V-shaped recovery, said Janet Yellen, the president of the San Francisco Federal Reserve.
Norway cuts to a record low
Norges Bank on Wednesday cut its key rate by half a point to an all-time low of 1.5% on signs that the global recession was having an adverse impact on the domestic economy.
Fed's Lacker sees end of year recovery
Jeffrey Lacker, the president of the Richmond Federal Reserve, expects the recession to end later this year.
Canada suffers record contraction
Canada's GDP contracted by an annualised rate of 7.3% in the first quarter of 2009, the fastest rate on record, according to the Bank of Canada.
World economy in deep recession: IMF
The global economy will contract by 1.3% in 2009, the International Monetary Fund (IMF) has said, even with determined efforts by governments to restore national financial sectors to health.
More easing needed in New Zealand: OECD
The Reserve Bank of New Zealand should cut its policy rate by a further percentage point to 2% in order to stimulate the domestic economy, said the Organisation for Economic Cooperation and Development (OECD) on Thursday. The views contrast with those…
IMF sees severe recession, slow recovery ahead
The International Monetary Fund (IMF) has predicted the world is in for a long and severe recession, though the global policy response could help spur a recovery.
Fed's Warsh: panic may have long-run impact
The panic that has marked the current financial and economic turmoil may also have long-run implications, said Kevin Warsh, a governor at the Federal Reserve.
Morgan Stanley economist new MPC member
Alistair Darling, the chancellor of the exchequer, announced on Thursday that David Miles will replace David Blanchflower as an external member of the Bank of England's Monetary Policy Committee (MPC) on 1 June.
Basel II procyclical: Norges Bank
Basel II introduces an additional source of procyclicality into the banking sector, a new paper from Norges Bank finds.
Barbados' Williams warns storm brewing offshore
The chances that Barbados's economy will shrink in 2009 have intensified with the declining economic fortunes abroad, admitted Marion Williams, the governor of the country's central bank.
Bank of England's January minutes
The minutes from the January meeting of the Bank of England's Monetary Policy Committee show most members judged cutting bank rate by 50 basis points would provide a significant stimulus to the economy.
SNB's Jordan: recession unavoidable
A recession appears unavoidable for the Swiss economy in 2009, said Thomas Jordan, a member of the governing board of the Swiss National Bank.
ECB got it wrong on de-coupling: ex-research head
The European Central Bank was wrong to think the eurozone economies could defy the past and avoid the ill-effects of a recession in the United States, its former head of research has said.
Japan slides into recession, lends IMF $100bn
Japan's economy shrank by 0.4% in the third quarter, surprising analysts who had predicted the country to narrowly avoid a technical recession and grow by 0.1%.
Eurozone in recession
The eurozone is in recession following the release of official statistics on Friday that showed that its economy contracted for the second quarter in a row.
EU says eurozone in recession
A European Central Bank (ECB) rate cut on Thursday - already a strong possibility - now looks a near certainty after the European Commission said the eurozone was likely in recession and predicted the economy would stagnate in the coming years.