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Economic Measures Recession

  • WASHINGTON, May 24- Federal Reserve policymakers agreed they should hold off on raising interest rates until it was clear a recent U.S. economic slowdown was temporary, though most said a hike was coming soon, minutes from their last policy meeting showed on Wednesday. Nearly all policymakers at the May 2-3 meeting also said they favored beginning the wind-down...

  • WASHINGTON— Trump budget director Mick Mulvaney, defending an administration that promises more economic growth than many think it can deliver, said Tuesday it's the Obama administration that went overboard in its forecasts for growth. MULVANEY, head of the Office of Management and Budget: "I went back and looked at some of the economic assumptions that the...

  • NEW DELHI, May 22- Africa will see a lift-off in economic growth this year and next on the back of a rebound in global commodity prices, an annual report predicted on Monday. The African Economic Outlook, co-authored by the African Development Bank, the OECD and the United Nations Development Programme, expects the continent's economy to grow by 3.4 percent in 2017...

  • MOSCOW, May 19- The International Monetary Fund improved its forecast for Russia's economic growth this year to 1.4 percent, saying easier financial conditions and higher oil prices would help drive a recovery, a regular IMF report showed on Friday. The Fund, which in October forecast the economy would grow by 1.1 percent this year, said Russia was exiting a...

  • SYDNEY, May 17- S&P affirmed Australia's coveted triple-A rating on Wednesday, citing low public debt and a "wealthy and resilient economy" although concerns remain about the government's ability to return to a budget surplus. Australia is one of only 10 nations in the world with a AAA credit rating from the top three agencies. S&P also saw risks in the booming...

  • 'US economy is in a lot of trouble'

    Peter Schiff, Euro Pacific Capital, believes the "reckless" policy under past Fed chairmen has led the U.S. very close to a recession.

  • PALO ALTO, May 6- San Francisco Federal Reserve Bank President John Williams on Saturday reiterated his view that the U.S. central bank should begin trimming its massive balance sheet later this year, in part so the Fed has more tools at the ready when the next recession hits. The program, also used by central banks in Europe and Japan, was deeply unpopular among U.S....

  • SAO PAULO, May 4- A gradual economic recovery in Brazil coupled with higher commodities prices should help domestic firms generate more cash in coming months, reducing short-term liquidity risks, analysts at Moody's Investors Service said on Thursday. Moody's analysts led by Erick Rodrigues said in a report that Brazilian firms may find it increasingly...

  • BRASILIA, May 2- Brazil's economy will post growth of between 0.7 percent and 0.8 percent in the first quarter, turning the corner on a two-year recession, Finance Minister Henrique Meirelles said on Tuesday. Meirelles said the reform of Brazil's costly social security system, the main cause of a gaping budget deficit, is crucial to restore growth and create jobs...

  • SAO PAULO, April 26- Banco Santander Brasil SA's profit will likely rise further in coming quarters as Brazil's No. 4 listed bank sells more financial services, cuts loan-loss provisions, and crowds out rivals in key markets despite a slow economic recovery. The results show how Rial's strategy has born fruit despite Brazil's harshest economic recession on...

  • Nicolas Maduro, president of Venezuela

    The Venezuelan government donated $500,000 to Donald Trump’s inauguration fund despite on-going economic and political turmoil that has spouted the worst protests in years and a rising death toll.

  • SAO PAULO, April 19- Declining borrowing costs in Brazil will help local companies cut their debt and speed up refinancing efforts with creditors, even if they fail to jump-start economic growth in the short run, Moody's Investors Service said in a report on Wednesday. Still, a robust credit revival hinges on how demand reacts after almost three years of...

  • *Inflation outlook unchanged, economists wary of rand. JOHANNESBURG, April 12- South Africa's debt downgrade to junk status and the finance minister's recent dismissal mean interest rates will be on hold until 2020 at least, a Reuters poll found on Wednesday. Economists in the poll, taken just a week after Fitch Ratings Agency and Standard and Poor's downgraded...

  • *Inflation outlook unchanged, economists wary of rand. JOHANNESBURG, April 12- South Africa's debt downgrade to junk status and the finance minister's recent dismissal mean interest rates will be on hold until 2020 at least, a Reuters poll found on Wednesday. Economists in the poll, taken just a week after Fitch Ratings Agency and Standard& Poor's downgraded...

  • BRASILIA, April 7- Brazil's central bank will probably cut interest rates next week at the fastest pace since 2009, a Reuters poll showed on Friday, in its latest attempt to end a two-year recession as inflation continues to ease rapidly. "There are some uncertainties about the outlook and the main ones have to do with the pension reform," said Alessandra Ribeiro, an...

  • NEW YORK, April 6- A second wind for U.S. staffing companies' stocks, which rallied after President Trump's election, could rest on whether optimism over his agenda leads to sustained strength for the economy and employment. "The real key from here is that this confidence translates into orders for the staffing companies and that remains to be seen," said Chris Serra,...

  • BRASILIA, April 5- State-controlled lender Caixa Econômica Federal expects Brazilian workers to withdraw a total of 35 billion reais from a severance fund by the end of July, as part of government efforts to stimulate the economy amid frail signs of a recovery. In December, President Michel Temer's administration announced it would allow Brazilians to...

  • SAO PAULO/ BRASILIA, April 3- Brazil's banks are prepared to cope with a potential rise in corporate loans in or at risk of default, the central bank said on Monday, a sign efforts by lenders to refinance looming debt maturities are slowly easing the country's worst credit crunch in two decades. Brazil's harshest recession on record has prompted banks to...

  • SAO PAULO/ BRASILIA, April 3- Brazil's banks remain prepared to cope with a potential rise in corporate loans in or at risk of default, the central bank said on Monday, a sign efforts by lenders to refinance looming debt maturities are slowly easing the country's worst credit crunch in two decades. Brazil's harshest recession on record has prompted banks to...

  • Neel Kashkari, president and chief executive officer of the Federal Reserve Bank of Minneapolis.

    Minneapolis Fed President Neel Kashkari said that policymakers at the U.S. central bank want to shrink the Fed's massive balance sheet.