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Economic Measures Recession

  • Customers look at a Jeep vehicle for sale on the sales lot of a Chrysler Jeep Dodge dealership in Miami.

    Moody's says it expects U.S. new vehicle sales to decline slightly to 17.4 million units in 2017.

  • BRASILIA, March 22- Brazil's government lowered its estimate for economic growth in 2017 but forecast a stronger recovery next year, a revision likely to lead to budget freezes and tax hikes as the country emerges from its worst recession on record. The Finance Ministry lowered its growth estimate for 2017 to 0.5 percent from 1.0 percent and forecast an...

  • BRASILIA, March 21- The Brazilian government plans to announce spending freezes of 30 billion to 35 billion reais this week to help meet part of its 2017 budget deficit target, the Senate leader said on Tuesday. Brazil's primary budget deficit target for this year is 139 billion reais, but a severe recession has shrunk revenues and the government is expected to...

  • MOSCOW, March 17- Standard and Poor's said on Friday it has raised Russia's sovereign outlook to positive from stable, expecting growth to improve as the country emerges from a two-year recession. "We expect GDP growth in Russia will pick up, averaging about 1.7 percent in 2017-2020, and we see a lower risk of large capital outflows, therefore moderating external...

  • SAO PAULO, March 15- Moody's Investors Service on Wednesday revised upward the ratings outlook for Brazil's sovereign rating to stable from negative, saying Latin America's largest economy was poised to exit its deepest recession on record. In a statement, Moody's Vice President Samar Maziad said a stabler macroeconomic outlook is likely to bolster the...

  • WASHINGTON— The Federal Reserve has raised its benchmark interest rate for the second time in three months and forecast two additional hikes this year. The move reflects a consistently solid U.S. economy and will likely mean higher rates on some consumer and business loans. The decision, issued after the Fed's latest policy meeting, was approved 9-1. Neel...

  • SAO PAULO, March 14- Real estate activity in the greater São Paulo area, Brazil's largest market, should rebound this year as interest rates fall and the government pushes through key economic reforms, a construction industry group said on Tuesday. The improved outlook would be good news for Cyrela Brazil Realty SA, MRV Engenharia e Participações SA and Eztec...

  • There's a global systemic crisis on the horizon: Expert

    The U.S. banking sector and weak economy could spark a crisis worse than the 2008 meltdown, warns James Rickards, editor at Strategic Intelligence.

  • BRASILIA, March 9- American Airlines Inc plans to invest $100 million in an aircraft maintenance center in Sao Paulo, a Brazilian minister said on Thursday, touting it as a sign of confidence in Latin America's largest economy despite Brazil's recession and latest political turmoil. "An American Airlines executive told me today the company does not share the...

  • No immediate risk of a US recession: Expert

    Daniel Lugasi of VL Capital Management says he's looking out for the next recession but it won't happen just this year.

  • Brazil's Recession gets even worse

    The country's economy has dropped further into its worst-ever recession following recent economic mismanagement.

  • *Gold may stabilize in $1,210- $1,213/ oz support zone- technicals. *Holdings of New York's SPDR Gold Trust fall 0.45 pct on Monday. Federal Reserve Chair Janet Yellen last week said the central bank was poised to lift benchmark U.S. rates provided jobs and inflation data held up, comments seen as cementing plans for an increase at the Fed's March 14-15 meeting.

  • NEW YORK, March 7- Jeffrey Gundlach, chief executive officer at DoubleLine Capital, said on Tuesday he expects the Federal Reserve to begin a campaign this month of "old school" sequential interest rate hikes until "something breaks," such as a U.S. recession. Gundlach, who oversees more than $101 billion at Los Angeles- based DoubleLine, said U.S. economic data support...

  • LAGOS, March 7- Nigeria expects the economy to climb out of recession and grow 2.19 percent this year, the budget ministry said on Tuesday, unveiling a reform plan that includes selling assets and hiking a luxury goods tax. International lenders including the World Bank have urged it to present such a plan before granting the country a budget support loan.

  • Private-sector debt is at record levels and that could be bad news for the economy

    Paul Gambles of MBMG Group writes that the Trump Administration is a breeding ground for the next great depression.

  • ATHENS, March 6- Prime Minister Alexis Tsipras said on Monday Greece's economy was poised to show "exceptionally high" rates of growth, despite data showing that output had slumped more than expected in the fourth quarter of last year. Cyprus, another bailed-out member of the euro zone, expects growth of 2.8 percent. Tsipras's upbeat comments coincided with the...

  • ATHENS, March 6- Greek Prime Minister Alexis Tsipras said on Monday that the economy was turning a page and poised to show' exceptionally high' rates of growth, despite data showing output slumped more than expected in the fourth quarter of last year. Cyprus, another bailed-out member of the euro zone, expects growth of 2.8 percent. Tsipras's upbeat comments...

  • OTTAWA, March 2- Canada's economy grew at a faster pace than anticipated in the final quarter of 2016, lifted by consumer spending and a drop in imports, but the strong performance is not expected to prod the central bank to change its cautious stance on interest rates. Other aspects of Canada's economic health were not as strong as the overall growth figure...

  • William Hobbs, head of investment strategy in Europe for Barclays Wealth, discusses buying stocks and casts doubt on the prospect of a near-term recession.

  • More than 50% recession risk in US: Expert

    Jim Sarni, Payden & Rygel, and Steen Jakobsen, Saxo Bank, discuss their expectations for the outlook for U.S. equities.