Economic Measures Recession

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  • LONDON, May 13- International Monetary Fund chief Christine Lagarde said on Friday there were no economic positives to Britain leaving the European Union and that the impact would range from "pretty bad to very, very bad." Her blunt warning came as the IMF said the country risks falling into a spiral of weaker economic growth, lower house prices and diminished...

  • BEIJING, May 13- Chinese banks sharply cut back new lending in April after a record first-quarter credit spree, reinforcing views that the country's leaders have turned more cautious about the risks of over-stimulating the cooling economy. Chinese banks extended 555.6 billion yuan in net new yuan loans in April, much lower than market expectations and less...

  • UNITED NATIONS, May 12- The United Nations on Thursday said it cut its forecast for global economic growth in 2016 by half a percentage point to 2.4 percent, largely due to downward revisions for Africa, the Commonwealth of Independent States and Latin America. In the CIS region of the former Soviet Union, the report said Azerbaijan, Kazakhstan and Russia will...

  • MINSK, April 28- The World Bank forecast on Thursday a much deeper recession in Belarus this year than it had previously expected as the former Soviet republic struggles with a downturn in neighboring Russia. Seeking loans from international lenders, including $3 billion from the International Monetary Fund, Belarus has implemented cautious economic...

  • TOKYO, April 28- Japan probably narrowly escaped recession in the first quarter but weak domestic and external demand and a strong yen will keep a lid on any recovery, a Reuters poll showed. But many analysts said even that meager growth level is largely due to having an extra Leap Year day in the quarter, and believe economic growth was likely around zero or even...

  • *Net profit in Brazil falls 25 pct. Overall group profit at the euro zone's biggest bank beat average analyst forecasts, despite it reporting a near 5 percent slide in net profit in the first quarter due to a deepening recession and falling currency in Brazil, its second-biggest market. Profit also dipped in Britain, the Madrid- based bank's largest market, once...

  • Separate data from Statistics Canada on Friday showed Canada's annual inflation rate dipped toward the lower end of the central bank's target range largely due to lower gasoline prices. Recent data has suggested that Canada's economy slowed in February after a strong start to the year, but the retail sales report suggested the consumer sector was the...

  • MOSCOW, April 21- Russia should use an average oil price of $40 per barrel as the benchmark for its 2017-2019 budgets, the Economy Ministry said on Thursday, giving in to Finance Ministry arguments for fiscal caution. A slide in oil prices and Western sanctions have pushed Russia into recession, complicating the Finance Ministry's task of keeping the budget...

  • US profits have gone nowhere: UBS strategist

    Nick Nelson, head of European equity strategy at UBS, says U.S. earnings haven't grown for 12 to 18 months, but the economy is not in recession.

  • CHICAGO, April 13- No. 3 U.S. railroad CSX Corp said on Wednesday its expects "mid-to-high single digit" freight volume declines in the second quarter due largely to slumping coal demand, but its top executive said there are signs America's industrial economy may avoid a recession. "During the fourth quarter, there was a risk of an industrial recession," chief...

  • Brazil recession to reach Latin America

    Economists expect the country's economic free fall to impact Latin America as a whole.

  • WASHINGTON, April 12- The International Monetary Fund warned on Tuesday of the risk of political isolationism, notably Britain's possible exit from the European Union, and growing economic inequality as it cut its global growth forecast for the fourth time in a year. In the run-up to its spring meetings in Washington this week, the IMF said chronic weakness had...

  • April 12- More than half of the analysts in a Reuters poll trimmed their forecasts for Canada's economic growth in 2016, saying the effects of low oil prices and weak U.S. demand for the nation's products would offset planned government stimulus. On Wednesday, the Bank of Canada is expected to upgrade its growth forecasts and leave monetary policy unchanged.

  • SocGen bear echoes Trump's recession warning

    An analyst at the bank says the slide in the US economy will trigger a 'tidal wave of corporate default.'

  • Facing US exploding debt dilemma

    Mitch Daniels, Purdue University president discusses the importance for both sides of the political aisles to stop strangling growth in the American economy.

  • Pro's range-bound market call

    Jack Albin, BMO Private Bank, and David Bianco, Deutsche Bank, share their outlook on the markets and earnings amid an election year. Our advice is to stay away from energy and look at health care, says Bianco. But Albin is looking for the real test of the market to come from first quarter earnings.

  • Downside risks are increasing: IMF's Lagarde

    The IMF's Christine Lagarde said in a speech that the global recovery is too slow and the U.S. needs to raise minimum wages.

  • Closing Bell Exchange: Reaction to Trump & a recession

    The Closing Bell Exchange discusses the possibility of a recession and comments made by Donald Trump stating that the United States is "sitting on a financial bubble."

  • Economists question Donald Trump's call

    Trump predicts 'a very massive recession' in the US, but economists say he's wrong.

  • Economy is not headed for recession: David Mann

    David Mann, head of Asia research at Standard Chartered, says an economic slowdown is overdue but adds that there won't be a deep recession.