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Economic Measures Recession

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  • WASHINGTON, July 14- The White House on Tuesday slashed its fiscal 2015 deficit forecast to $455 billion, down $128 billion from its last estimate in February, due to new calculations of higher revenues and lower spending. The White House also reduced its fiscal 2016 deficit estimate by $45 billion to $429 billion, or 2.3 percent of gross domestic product.

  • Can Tsipras sell bailout deal to Greek people? Monday, 13 Jul 2015 | 8:40 PM ET
    Can Tsipras sell bailout deal to Greek people?

    Lindsey Piegza, Chief Economist at Stifel Fixed Income, says getting the Greek population on board with Monday's bailout plan will require "extreme political maneuvering."

  • STILLWATER, Okla., July 9- The Federal Reserve may stumble into a "trap" if it continues waiting for more data to justify an initial interest rate increase, risking a quick takeoff of inflation or other problems, Kansas City Fed Bank President Esther George said on Thursday. George, who has been arguing for several months that it was time for rates to rise, said it was...

  • OTTAWA, June 30- The Canadian economy unexpectedly shrank in April, hurt by weakness in the mining and oil and gas industries, a setback that bodes poorly for a second-quarter pick-up in growth that the Bank of Canada is looking for. While economists cautioned that it is still early, the figures raised the risk that the second quarter could contract as well, putting...

  • TOKYO, June 22- The Bank of Japan said it expects factory output to fall for the first time in three quarters in April-June on weak Asian demand, underscoring the fragile nature of the economic recovery. Industrial production rose 1.5 percent in January-March from the previous quarter, helping the world's third largest economy expand much faster than expected.

  • NEW YORK, June 10- Standard& Poor's on Wednesday affirmed its AA-plus long-term sovereign credit rating on the United States citing the country's extensive economic policy flexibility and status as issuer of the world's leading reserve currency. The outlook on the long-term rating on the United States remains stable, the ratings agency said.

  • BRASILIA, May 19- Brazil's government is confident that greater coordination between monetary and fiscal policies will help bring inflation back on target by late 2016, despite market skepticism, a senior official told Reuters on Tuesday. It has also left the door open for more rate hikes, despite concerns that Brazil's economy is headed for its worst...

  • *IMF raises Italy 2015 GDP forecast to 0.7 pct from 0.5 pct. ROME, May 18- The International Monetary Fund raised slightly its forecasts for Italy's economy this year and next on Monday and said Rome should take advantage of favorable external conditions to push through much-needed reforms. The IMF's mission chief, Petya Koeva Brooks, said low interest rates, the...

  • Will a recession surface? Monday, 18 May 2015 | 10:13 AM ET
    Will a recession surface?

    Tom Porcelli, RBC Capital Markets, and Art Hogan, Wunderlich Securities, discuss a recession outlook and what investors should be focusing on as markets approach record territory.

  • *March core orders +2.9 pct vs forecast +1.8 pct. TOKYO, May 18- Japan's core machinery orders grew in March for the first time in two months but they are seen sliding in the current quarter, suggesting that weak capital spending could further sap momentum from an economy struggling to rebound from a recession. "Japanese firms are not in a situation where they can...

  • *March core orders +2.9 pct vs forecast +1.8 pct. *Core orders up 3rd straight qtr, seen down ahead. TOKYO, May 18- Japan's core machinery orders grew in March for the first time in two months but they are seen slipping in the current quarter, suggesting that weak capital spending could further sap momentum from an economy struggling to rebound from a recession.

  • *Ukraine economy to plunge 7.5 pct in 2015. *Russia to shrink 4.5 pct in 2015, vs 4.8 in Jan f'cast. Russia is expected to remain in a deep recession as Western sanctions bite, though the EBRD now sees its economy contracting 4.5 percent this year compared with 4.8 percent it forecast in January as global oil prices rebound.

  • *Sales tax hike last year tipped Japan into recession. TOKYO, May 13- Bank of Japan Governor Haruhiko Kuroda said the economy was gradually emerging from recession, but he acknowledged last year's sale tax hike dealt a bigger blow on growth than initially expected. Japan's economy emerged from recession caused in part by last April's sales tax hike to 8 percent...

  • Judge: Banks misled Fannie, Freddie in 2008 Tuesday, 12 May 2015 | 10:04 AM ET
    A Royal Bank of Scotland (RBS) sign is pictured outside a branch in central London.

    Nomura Holdings, Royal Bank of Scotland mortgage bonds contained misrepresentations in 2008, says judge. New York Times reports.

  • RIO DE JANEIRO, May 8- Brazil's monthly inflation rate eased more than expected in April to the lowest in five months, data showed on Friday, underpinning government expectations that the worst of Brazil's recent price surge is over. Brazil's annual inflation rate remained well above the government's target at a 11- year high, though, backing up forecasts for...

  • SINGAPORE, May 8- Oil prices stabilised on Friday, following a steep fall in the previous session, as the demand outlook in Asia remained healthy despite slowing economic growth. Thomson Reuters Oil Research and Forecasts said early indicators showed that seaborne crude flows into Asia would be around 80-82 million metric tonnes in May, broadly steady with...

  • *Governor Kuroda to brief media 0630 GMT. TOKYO, April 30- The Bank of Japan trimmed its consumer price forecasts on Thursday and pushed back the timeframe to hit its ambitious inflation target but refrained from expanding its already massive stimulus programme, predicting a recovering economy will gradually nudge prices higher. It will keep increasing base...

  • *BOJ's semi-annual report due 0600 GMT. TOKYO, April 30- The Bank of Japan maintained its massive monetary stimulus on Thursday, holding off on additional easing for now on hopes that rising wages will spur spending and eventually nudge inflation towards its 2 percent target. Markets are now focusing on the central bank's semi-annual report on the economic and...

  • *Policy decision seen 0300-0500 GMT, forecasts 0600 GMT. TOKYO, April 30- The Bank of Japan is expected to hold off on expanding monetary stimulus on Thursday despite trimming its inflation and growth forecasts, clinging to hope that rising wages will spur spending and keep the economic recovery on track. Japan is emerging from recession but at a snail's pace, as...

  • TOKYO, April 24- Inflation is anticipated to reach barely half the rate that the Bank of Japan expects for this fiscal year and next, a Reuters poll has found, emphasizing the degree of difficulty seen in achieiving the ambitious price target. Analysts in the survey appeared skeptical of the BOJ's rosy inflation outlook and Governor Haruhiko Kuroda's bullish...