Recession

Fed's Lacker: US may avoid recession

Growth has been slow for 2008, but the US has avoided a recession and the odds of a severe downturn appear to have fallen, said Jeffrey Lacker, the president of Richmond Fed.

Greenspan lays odds of 2-1 against US recession

Following comments earlier in the year that gave financial markets a wobble, former Federal Reserve chairman Alan Greenspan said Friday 11 May the odds are two to one that the US will avoid a recession this year.

Is Bernanke wrong on inflation?

According to this article from Bloomberg on Monday 30 April, a housing slump in the US may drive the US economy into recession, prompting the Federal Reserve to cut interest rates.

No recession coming says St Louis Fed chief

St. Louis Fed president William Poole on Friday 2 March rejected fears that the U.S. economy was heading into a recession, saying that while there "could be a recession," one isn't likely, echoing comments this week by former Fed chairman Alan Greenspan.

Germany, France confirm euro zone rebound

Data released on Thursday 13 November showed that both Germany and France grew in the third quarter of this year, according to Reuters, with Germany pulling out of its second recession in two years, expanding 0.2 percent and France seeing growth of 0.4…

Italian economy dips into recession

The Italian statistics agency Istat said gross domestic product in the euro zone's third-largest economy shrank for the second quarter in a row, putting Italy into a recession, according to Reuters.

US signals formal end to recession

The business-cycle dating committee of the National Bureau of Economic Research on Thursday declared that the US recession ended in November 2001. The committee said GDP suggested the economy began recovering in late 2001 and has since risen above its…

Speech by Robert Parry, San Francisco Fed, 12 Sep

SPEECH - In the speech titled 'The Economic Outlook for the Nation and the Region: A Monetary Policymakers View' Parry said "my basic view is that we're now in the midst of a modest expansion". While the recession hasn't been officially declared over yet…

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