Economic Measures Recession

  • ATHENS, Sept 29- Greece has forecast 2.7 percent economic growth next year, its first rebound after seven years of crippling recession, as investment picks up and tourism surges, a government official familiar with the draft budget said on Thursday. The recipient of three international bailouts, Greece's economy has shrunk by a quarter since a debt crisis...

  • GREECE 2017 BUDGET TO FORECAST 2.7 PCT ECONOMIC GROWTH NEXT YEAR, SHAKING OFF SEVEN YEARS OF RECESSION- GOVT SOURCE.

  • CHICAGO, Sept 28- International Monetary Fund Managing Director Christine Lagarde said on Wednesday the institution would lower its 2016 U.S. growth forecast again and called policies that restrict trade "economic malpractice" that would choke off growth. Lagarde, in prepared remarks at Northwestern University ahead of next week's IMF and World Bank annual...

  • BRASILIA, Sept 27- Brazil's central bank expects annual inflation to ease below the government's 4.5 percent target in 2017 after years of hovering well above that goal, leaving the door open for cutting some of the world's highest interest rates as early as October. "The report consolidated the idea that the bank will cut rates in October," said Otavio Luis Leal,...

  • Crude oil refining in Russia

    A touted oil production freeze by Saudi Arabia might not be enough to boost crude prices, even if it goes ahead, the Russian finance minister told CNBC.

  • LONDON, Sept 20- Britain's economy is likely to grow at a reasonable pace in the coming years, slowing less than most economists expect as it overcomes "modest" fallout from June's Brexit vote, new Bank of England policymaker Michael Saunders said. Saunders voted to keep interest rates unchanged at a record-low 0.25 percent last week, in his first Monetary Policy...

  • Vendors display tomatoes and pepper at Mile 12 market in Lagos, on June 21, 2016.

    Nigeria's finance minister hinted on Monday that the country's government might opt for asset sales next year to boost the public coffers as the economy struggles.

  • WASHINGTON— Again and again in recent months, the Federal Reserve has signaled that it's edging closer to resuming the interest-rate hikes it began in December. They believed that the Fed, starting with a late-August speech by Chair Janet Yellen in Jackson Hole, Wyoming, was preparing investors for an imminent rate increase. Accordingly, Eric Rosengren,...

  • Trump's trade policies could be 'horribly destructive'

    A Peterson Institute for International Economics study suggests Donald Trump's trade policies could send the US into recession.

  • US currency being printed

    The next world economic downturn is most likely to come from the U.S., Fitch Ratings’ chief economist has warned.

  • MELBOURNE, Sept 14- London copper hovered close to three-week highs on Wednesday after brighter economic gauges in the United States and Chinese economies offered more evidence of a global recovery, though expectations of growing supply kept a lid on prices. *London Metal Exchange copper inched up by 0.2 percent to $4,660 a tonne by 0053 GMT, after closing...

  • Truck on road

    If the transportation industry is any indicator — and it usually is — then the economy could be on the brink of a downturn.

  • LONDON, Sept 8- The bounce back in Britain's economy from the initial shock of the Brexit vote has expanded to the country's recruitment and housing markets, according to two surveys which previously painted a bleak outlook. The Recruitment and Employment Confederation- which last month said hiring was in "dramatic freefall"- said firms increased permanent...

  • LONDON, Sept 8- The bounce back in Britain's economy from the initial shock of the Brexit vote has expanded to the country's recruitment and housing markets, according to two surveys which had previously painted a bleak outlook. The Recruitment and Employment Confederation- which last month said hiring was in "dramatic freefall"- said firms increased permanent...

  • LONDON, Sept 7- Bank of England Deputy Governor Jon Cunliffe said on Wednesday he expects to vote for another interest rate cut this year if the economy evolves as the central bank expects. "If the economy evolves as set out in the August forecast, I would expect to vote for another cut in Bank Rate this year as highlighted in the Minutes of the MPC's August meeting,"...

  • Vendors display tomatoes and pepper at Mile 12 market in Lagos, on June 21, 2016.

    Nigeria will have to turn to industries other than oil to pull itself out of recession, experts say, after recent sobering government data.

  • LONDON, Sept 5- Britain's economy showed its clearest sign to date of bouncing back from the initial shock of June's vote to leave the European Union, but a big slowdown in growth and a further Bank of England rate cut remain on the cards. A closely-watched monthly gauge of Britain's giant services industry published on Monday reported a record leap in activity in...

  • Impeached President Dilma Rousseff delivers her farewell address in Alvorado Palace on August 31, 2016 in Brasilia, Brazil.

    The removal of Dilma Rousseff from the presidency of Brazil is unlikely to speed up the country’s recovery from a severe recession, economists say.

  • Negative Rates

    The Fed will likely have to push the fed funds rate below -2 percent in the next recession, says Carnegie Mellon University's Marvin Goodfriend.

  • BRASILIA, Aug 31- Brazilian President Michel Temer said it was time to unite the country after the impeachment of Dilma Rousseff on Wednesday, vowing to work to rescue an economy mired in recession. In his first address to the nation after being sworn in, Temer said Brazil needs to guarantee political stability for foreign investors. He said the policy outlook is...