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Economic Measures Recession

  • LONDON— When Britain voted to leave the European Union a year ago, proponents argued Britain's economy was being held back by the slow-growing, dysfunctional bloc. For Britain, it's a role reversal, having been buoyed by strong growth in recent times— even after the momentous vote on June 23, 2016 to leave the EU. Rather than fall into recession in the wake of the...

  • Don't buy on the dips?

    There could be a recession on the cards in the U.S. due to the lack in consumption and growth going forward, says Sani Hamid, Financial Alliance.

  • WASHINGTON— In the United States and around the world, economic strength isn't what it used to be. Across the Atlantic, the European Central Bank is edging toward ending extraordinary steps to speed growth in the 19 countries that use the euro, a sign that an agonizing era of stagnation may be nearing an end. "We certainly would expect slower growth than we had in the...

  • HELSINKI, June 13- Finland's central bank lifted its economic growth forecasts on Tuesday, citing recovering exports, but said that reforms were needed to boost growth and strengthen public finances. The Finnish economy is recovering from decade-long stagnation following a string of problems, including the decline of Nokia's former phone business, rigid...

  • WINNIPEG, June 12- The Bank of Canada will assess whether all the considerable monetary policy stimulus in place is still needed as the economy continues to grow, a senior official at the central bank said on Monday. In some of the bank's most upbeat comments on the economy, Senior Deputy Governor Carolyn Wilkins said first-quarter growth had been "pretty...

  • JOHANNESBURG, June 9- Ratings agency Moody's downgraded South Africa's credit rating on Friday but kept it at investment grade with a negative outlook, citing a recent abrupt cabinet reshuffle and reduced growth prospects for an economy mired in recession. South Africa's National Treasury said after the announcement that "reigniting" investor confidence...

  • JOHANNESBURG, June 9- Ratings agency Moody's downgraded South Africa's credit rating on Friday but kept it at investment grade with a negative outlook, citing a recent abrupt cabinet reshuffle and reduced growth prospects for an economy mired in recession. Moody's is the only major ratings agency to retain South Africa's investment grade status after Fitch...

  • John Williams, president of the Federal Reserve Bank of San Francisco.

    San Francisco Federal Reserve President John Williams said he sees a total of three interest rate increases for this year as his baseline scenario.

  • NEW DELHI, June 1- Factories across much of Asia ran into a soft patch in May as export demand slowed, but analysts said the weakness was likely to be temporary amid signs of steady improvement in the global economy. Yet, Tim Condon, ING's chief Asia economist, says the growth outlook for the region remains positive as strengthening economies in the United States,...

  • SEOUL, June 1- San Francisco Federal Reserve Bank President John C. Williams said on Thursday he sees a total of three interest rate increases for this year as his baseline scenario, but views four hikes as also being appropriate if the U.S. economy gets an unexpected boost. "There is potential for upside occurrences in the economy. One big question mark is if there is...

  • BRASILIA, May 31- Brazil's central bank is widely expected to maintain its rapid pace of interest rate cuts on Wednesday despite a political crisis that has clouded the future of an economy slowly emerging from its worst recession ever. "Given the political uncertainties and the clouds hovering above the fiscal policy outlook, we expect monetary authorities...

  • OTTAWA, May 31- The Bank of Canada should keep interest rates low and Canada's federal government should be ready with more fiscal stimulus in the event of an economic downturn, the International Monetary Fund said on Wednesday in a report that reiterated warnings about Canada's hot housing market and high household debt. In an annual assessment of Canada's...

  • BRASILIA, May 31- Brazil's central bank is widely expected to maintain its rapid pace of interest rate cuts on Wednesday despite a political crisis that has clouded the future of an economy slowly emerging from its worst recession ever. "In the context of the recent political crisis that has increased risks related to fiscal reform we believe the bank will...

  • 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...

  • 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...