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Recession

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  • Most Americans still struggling to save Thursday, 26 Feb 2015 | 4:00 PM ET

    More than a third of Americans have no savings, a new study finds, and many are living paycheck to paycheck.

  • UPDATE 1-OECD raises Italy 2015 GDP forecast to 0.6 pct Thursday, 19 Feb 2015 | 8:12 AM ET

    *Warns market sentiment could turn on Italy. Italy has not posted a single quarter of growth since the middle of 2011.. The 114- page report on Italy's economy contained a 2015 growth forecast of 0.4 percent, but the OECD's head Angel Gurria told reporters at a presentation that the most recent developments had prompted an upward revision.

  • *BOJ keeps massive stimulus intact. TOKYO, Feb 18- Bank of Japan Governor Haruhiko Kuroda said on Wednesday he saw no immediate need to expand monetary stimulus again with inflation heading up towards his 2 percent target-despite temporary pressure from slumping oil prices. Kuroda made the remarks after the BOJ, as widely expected, maintained its stimulus...

  • Japan exits recession: Reaction   Monday, 16 Feb 2015 | 4:30 AM ET
    Japan exits recession: Reaction

    As Japan exits technical recession, Tapan Datta, head of global asset allocation at Aon Hewitt, says the "picture is far from benign" as there's very little growth in the Japanese economy.

  • TOKYO, Feb 16- Japanese Prime Minister Shinzo Abe said on Monday he hopes the central bank continues with its bold monetary easing campaign to achieve its 2 percent inflation target. Speaking in parliament, Abe praised the BOJ's aggressive stimulus program for helping revive the economy and wipe out the public's "sticky deflationary mindset."

  • *Q4 GDP up annualized 2.2 pct vs f'cast +3.7 pct. TOKYO, Feb 16- Japan's economy rebounded from recession to grow an annualized 2.2 percent in the final quarter of last year, giving a much-needed boost to premier Shinzo Abe's efforts to shake off decades of stagnation even as the global outlook deteriorates. Still, the return to growth will allow the Bank of Japan to...

  • TOKYO, Feb 13- Inflation in Japan is forecast to slow further in coming quarters pressured by the collapse in crude oil prices, but the Bank of Japan is set to sit tight for now as it assesses the broad impact of the oil slump on consumption and prices. But a patient approach will give the BOJ more time to assess the impacts of a wave of monetary policy easings around the...

  • MOSCOW, Feb 9- Russian car sales are expected to decline by 25-35 percent this year, accounting firm PricewaterhouseCoopers said on Monday, hit by a sharp economic slowdown and devaluation of the rouble. Russia, a country with 143 million people, has been a booming market for car producers since the fall of the Soviet Union. But with the economy heading for...

  • Despite woes, Russia optimistic on economic outlook Saturday, 31 Jan 2015 | 11:29 PM ET

    Russia's economy ministry said on Saturday it expected gross domestic product to fall 3 percent this year, more optimistic than many analysts' forecasts of a 4-5 percent drop.

  • MOSCOW, Jan 31- Russia's economy ministry said on Saturday it expected gross domestic product to fall 3 percent this year, more optimistic than many analysts' forecasts of a 4-5 percent drop. The economy has been hit by a sharp fall in oil prices and by sanctions imposed on Moscow for its role in the Ukraine crisis, leaving Russia facing its first year of recession...

  • MOSCOW, Jan 31- Russia's economy ministry said on Saturday it expected gross domestic product to fall 3 percent this year, more optimistic than many analysts' forecasts of a 4-5 percent drop. The economy has been hit by a sharp fall in oil prices and sanctions imposed on Moscow for its role in the Ukraine crisis, leaving Russia facing its first year of recession...

  • 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,...