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Recession

Canada cuts rates further

Canada's central bank cut its key interest rate by a quarter-point on Tuesday, saying the country's economy needs the stimulus to ward off the effects of a recession in the United States.

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.

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…

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