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Recession

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  • *Gazprom writes off 71.3 bln roubles over Ukraine debt. MOSCOW, Sept 11- Russia's Gazprom reported a 41 percent fall in first-quarter net profit after cutting prices for gas deliveries to Ukraine, and has lowered projections for exports and gas prices in Europe, its main source of revenue.

  • SYDNEY, Sept 11- Australian employment surged by the most on record in August and far beyond the most optimistic forecast, on the face of it a stunningly strong report that should calm recent concerns about the health of the economy.

  • Economic forecast in much of world: Dim to gloomy Tuesday, 9 Sep 2014 | 11:10 AM ET

    WASHINGTON— The Great Recession officially ended more than five years ago. In a survey of 48,643 people in 44 countries out Tuesday, the Pew Research Center found that 60 percent say their own country's economy is performing poorly. Unemployment rates are extraordinarily high in all three: 27 percent in Greece, 13 percent in Italy, 25 percent in Spain.

  • Russia sees oil output edging down in 2015 Monday, 8 Sep 2014 | 8:43 AM ET

    MOSCOW, Sept 8- Russian oil production, a major source of government revenue, may decline slightly next year, having risen steadily since 2009, the Energy Ministry said on Monday. With Russia's $2 trillion economy heavily dependent on crude exports and on the brink of recession, oil production and prices are closely monitored by the Kremlin.

  • BANGKOK, Aug 27- Thai exports unexpectedly slipped in July, showing that a key pillar of the country's economy remains weak at a time the military government is trying to rev up growth.

  • BANGKOK, Aug 27- Thai exports unexpectedly slipped in July, showing that a key pillar of the country's economy remains weak at a time the military government is trying to rev up growth.

  • MOSCOW, Aug 26- Russia's Economy Ministry has ramped up its inflation forecasts and halved its 2015 economic growth forecast, adding to signs that tit-for-tat sanctions over Ukraine are seriously harming its economy. It cited the impact of a ban on Western food imports that Russia introduced in retaliation for Western sanctions.

  • ROME, Aug 24- The euro zone's growing fears of deflation will be stirred again on Friday when preliminary consumer price data for August is issued, with signs the European Central Bank could be looking at bolder steps to help the region's stagnant economy.

  • NEW YORK/ LONDON, Aug 22- Gold prices edged up on Friday as U.S. equities slipped, but gains were limited by fears over deflation after Federal Reserve Chair Janet Yellen said U.S. labor markets remain hampered by the effects of the Great Recession. Gold prices continued to hover just above a two-month low reached on Thursday.

  • NEW YORK, Aug 22- U.S. Treasury prices slid modestly on Friday with investors caught between the cautious message over labor markets from Fed Chair Janet Yellen and geopolitical risks from Ukraine crisis that is hampering euro zone economic growth.

  • WRAPUP 2-U.S. housing, jobs data bolster economic outlook Thursday, 21 Aug 2014 | 11:05 AM ET

    WASHINGTON, Aug 21- U.S. home resales rose to a 10- month high in July and the number of Americans filing new claims for unemployment benefits fell last week, signaling strength in the economy early in the third quarter.

  • WASHINGTON, Aug 21- The number of Americans filing new claims for unemployment benefits fell slightly more than expected last week, pointing to a sustained improvement in labor market conditions. Initial claims for state unemployment benefits declined 14,000 to a seasonally adjusted 298,000 for the week ended Aug. 16, the Labor Department said on Thursday.

  • BERLIN, Aug 14- Germany's Chambers of Commerce cut its 2014 estimate for exports from Europe's biggest economy on Thursday due to the Ukraine crisis, but said even its lower forecast would not be achievable if the standoff between Russia and the West worsened.

  • *Germany surprises by slipping into contraction. BERLIN/ BRUSSELS, Aug 14- The euro zone economy ground to a halt in the second quarter of the year, drained of vigor by contraction in Germany and stagnancy in France.

  • *Germany surprises by slipping into contraction. BERLIN/ BRUSSELS, Aug 14- The euro zone economy ground to a halt in the second quarter of the year, drained of vigour by surprisingly shrinking growth in Germany and stagnancy in France.

  • *Outlook for Q3 bleak due to Russia- Ukraine tensions. BERLIN, Aug 14- Europe's largest economy Germany suffered a surprise contraction in the second quarter, raising doubts about whether it can prop up growth across a continent where tougher sanctions against Russia are already fueling business anxiety.

  • *Germany surprises by slipping into contraction. *France flatlines, government rips up growth forecast. BERLIN/ PARIS, Aug 14- Germany's economy shrank in the second quarter and France again failed to conjure up any growth, snuffing out any signs of a recovery in the euro zone which is now also weighed down by tit-for-tat sanctions with Russia.

  • Russian growth data masks likely recession to come Tuesday, 12 Aug 2014 | 7:31 AM ET

    MOSCOW, Aug 12- Russia appears for now to have escaped an economic contraction, but recession is still likely in the second half of the year as western sanctions over Ukraine bite, analysts warn.

  • Russia in technical recession: Economist     Tuesday, 12 Aug 2014 | 4:15 AM ET

    Craig Botham, emerging market economist at Schroders, discusses the Russian economy and says that consumer purchasing power should continue to diminish as the Western sanctions hit.

  • KIEV, Aug 8- Ukraine expects that a decision on disbursement of a second $1.4 billion tranche of aid by the International Monetary Fund under a $17 billion loan programme will be adopted on Aug. 29, Central Bank chief Valeria Hontareva said on Friday.