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Recession

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  • SAO PAULO, Jan 27- Brazilian mall and supermarket associations on Tuesday forecast slowing sales growth after a weak 2014, with revenues scarcely keeping up with inflation and store openings as consumer sentiment sours. The meager 2015 forecasts reinforce a grim outlook for Brazilian retailers, as higher taxes, rising interest rates and stagnant job growth...

  • MOSCOW, Jan 26- Ratings agency S&P said on Monday it had cut Russia's sovereign credit rating to BB+ or below investment grade with a negative outlook, and said Russia's economic growth prospects have weakened. It could not only harm Russia's image among investors, but also push up its borrowing costs, as many mainstream investment and pension funds have rules...

  • *Kuroda admits Japan may not see 2 pct inflation until FY2016. TOKYO, Jan 21- Two years into so-called Abenomics- a mix of aggressive monetary and fiscal policy plus structural reform- the Bank of Japan is struggling to reach an ambitious inflation target and convince Japanese that years of deflation are in the past. "Looking at wage negotiations and inflation...

  • Recession? 0% GDP growth?   Tuesday, 13 Jan 2015 | 5:01 PM ET
    Recession? 0% GDP growth?

    Raoul Pal, The Global Macro Investor newsletter, thinks the S&P 500 could reach 1,800 this year, and shares his global outlook.

  • *Fitch and S&P have Russia one notch above junk. *Russia seeks to avert downgrade, says dangers exaggerated. The Fitch agency cut its rating on Russia to' BBB minus' from' BBB' on Friday, citing a significant deterioration in the country's economic outlook due to the slump in oil prices and falling value of the rouble.

  • DETROIT, Jan 8- General Motors Co Chief Executive Officer Mary Barra said she expected the U.S. auto market to flatten out this year, although growth is possible because of the strong economy and falling gasoline prices. The United States' importance has increased as demand has weakened in China, the world's largest auto market, and slumped in other key European,...

  • DETROIT, Jan 5- Automakers reported strong December U.S. sales on Monday, boosted by falling gasoline prices, but industry executives and analysts cautioned that growth would slow in 2015 after five years of rapid recovery from the recession. "U.S. auto sales are dancing to a very different beat," Morgan Stanley analyst Adam Jonas said in a research note.

  • DETROIT, Jan 5- Automakers reported strong December U.S. sales Monday, boosted by falling gas prices, but industry executives and analysts cautioned that growth would slow this year after five years of rapid recovery from the recession. General Motors Co easily beat analyst expectations, logging a 19 percent gain to 274,483 vehicles, the best December for the No....

  • MOSCOW, Dec 26- Slumping oil prices have put Russia's economy on course for a sharp recession next year, its finance minister said on Friday, as authorities scaled up their bailout for the first bank to succumb to the recent rouble crisis. The economy is slowing sharply as Western sanctions over the Ukraine crisis deter foreign investment and spur capital flight,...

  • According to the median of 11 economists' predictions, gross domestic product will fall 3.6 percent in 2015. After growth of just 0.5 percent this year, the recession will challenge President Vladimir Putin's promise last week that Russia can eventually recover from what he called "tough times". At the start of this year analysts forecast the economy would...

  • TOKYO, Dec 19- Japan's government raised its view of business investment and factory output, but stuck to its overall economic assessment of moderate recovery despite some weakness as the economy struggles to recover from recession. The government's monthly economic report comes days after Prime Minister Shinzo Abe's ruling coalition won snap elections,...

  • WASHINGTON, Dec 17- The Federal Reserve on Wednesday offered a strong signal that it was on track to raise interest rates sometime next year, dropping a pledge to keep them near zero for a "considerable time" in a show of confidence in the U.S. economy. In doing so, it looked beyond economic difficulties in the euro zone, Japan and Russia and offered a mostly upbeat...

  • MOSCOW, Dec 15- Russia's central bank said on Monday it was likely the economy would contract in the first quarter of next year and that it perhaps by around 4.5 percent in 2015 as a whole if oil prices average $60 a barrel. The outlook for Russia's economy has darkened considerably since the summer, as falling oil prices, Western sanctions over Ukraine and a...

  • Cramer: Worldwide recession, except in US   Monday, 15 Dec 2014 | 9:00 AM ET
    Cramer: Worldwide recession, except in US

    CNBC's Jim Cramer breaks down the health of the U.S. stock market and weighs in on the "stunning" move in utilities. David Faber discusses Russia and oil.

  • WASHINGTON, Dec 9- U.S. states' revenues are growing at a faster clip than last year, mostly due to the brightening national economic picture, and are stabilizing the governments' budgets, according to a nationwide survey released on Tuesday. "Economic growth and declines in the unemployment rate have led to an improved outlook for state revenues in fiscal 2015,...

  • *Austria's Nowotny distances himself from hard-line Germany. FRANKFURT, Dec 8- The euro zone's economy is weakening' massively', one of the European Central Bank's policymakers warned on Monday, saying that printing fresh money to buy state bonds could help to stop the slide. Speaking in Germany, the head of neighbouring Austria's central bank advocated a more...

  • TOKYO, Dec 8- The Bank of Japan looks increasingly likely to cut its inflation forecasts next month, sources say, making its target of 2 percent in the year from April look ever more ambitious, just three months after it eased monetary policy to keep the goal in sight. The BOJ surprised markets on Oct. 31 with its decision to flood the market with cash to counter the...

  • Birth rate hits record low   Friday, 5 Dec 2014 | 2:51 PM ET
    Birth rate hits record low

    U.S. birth rates have fallen for the 6th consecutive year. Joe LaVorgna, Deutsche Bank, chief U.S. economist, discusses whether this trend hurts the U.S. economy.

  • BERLIN, Dec 5- German industry orders rose far more than forecast in October and though the Bundesbank dampened the mood by slashing its growth forecasts for Europe's largest economy, its president said there were signs current weakness would soon be overcome. Industrial orders surged by 2.5 percent on the month in October thanks to strong domestic demand...

  • Kremlin aide plays down recession forecast for 2015 Thursday, 4 Dec 2014 | 3:46 AM ET

    MOSCOW, Dec 4- Kremlin economic adviser Andrei Belousov said on Thursday a forecast that the Russian economy will plunge into recession next year was a "technical mistake".