Topic / Global Recession

Global Recession

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Global Recession stories:

Malaysia Economic Contraction Eases as Asia Recovers
Nov 20th, 2009 - Bloomberg
Nov. 20 (Bloomberg) -- Malaysia’s economy shrank the leastin three quarters as government stimulus boosted consumption andthe global recession eased, strengthening an Asian recovery.
Canada Inflation Rises for First Time in Five Months
Nov 18th, 2009 - Bloomberg
Nov. 18 (Bloomberg) -- Canada’s inflation rate rose abovezero for the first time five months, ending the longest periodof falling prices since 1953, as a drop in gasoline priceslinked to a global recession ebbed.
More Americans Than Ever Experiencing Food Insecurity
Nov 17th, 2009 - VOA News
With world leaders meeting in Rome to discuss ways to tackle global hunger, a new report by the U.S. Department of Agriculture finds more Americans than ever before are experiencing food insecurity.
Canada's Factory Sales Gain Less Than Expected on Automobiles
Nov 16th, 2009 - Bloomberg
Nov. 16 (Bloomberg) -- Canadian factory sales increased lessthan expected in September, as automobile orders rose andaerospace continued to decline. Sales increased 1.4 percent from a month earlier to C$41.7billion ($39.8 billion)...
GLOBAL ECONOMY WEEKAHEAD-Governments tug hard on growth levers
Nov 15th, 2009 - Forbes
WASHINGTON, Nov 15 (Reuters) - If the global recession is over, consumers must have missed the memo. High and rising unemployment, low confidence and blown savings have...

Global Recession videos from YouTube:

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U.S., China and the Global Recession
The talks between China and the US will focus heavily on the current economic climate, as the two nations discuss the impact of the global recession and avenues for rebounding from the downturn, Kenneth Lieberthal, director of the John L ...
2:00
UN Secretary General on Global Recession
Secretary-General Ban Ki-moon said today (19 November) that the current global recession is hitting every society, threatening achievement of the Millennium Development Goals and undermining security ...
6:47
In-Depth Look - Deeper Global Recession - Bloomberg
Analysis and discussion with Martin Feldstein from Harvard University with his outlook on inflation going forward after IMF says the global recession is deeper and recovery slower. (Bloomberg News)
2:23
Stocks Fall on Belief Global Recession Is Near
Wall Street has ended the week with another sharp loss, joining stock markets around the world that fell on the growing belief that a punishing economic recession is at hand. (Oct. 24)

Global Recession from WikiPedia:

A global recession is a period of global economic slowdown. The International Monetary Fund (IMF) takes many factors into account when defining a global recession, but it states that global economic growth of 3 percent or less is "equivalent to a global recession". By this measure, three periods since 1985 qualify: 1990-1993, 1998 and 2001-2002.

Informally, a national recession is a period of declining productivity. In a 1974 New York Times article, Julius Shiskin suggested several rules of thumb to identify a recession, which included two successive quarterly declines in gross domestic product (GDP), a measure of the nation's output. This two-quarter metric is now a commonly held definition of a recession. In the United States, the National Bureau of Economic Research (NBER) is regarded as the authority which identifies a recession and which takes into account several measures in addition to GDP growth before making an assessment. In many developed nations other than USA, the two-quarter rule is also used for identifying a recession.