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Economic Measures Recession

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  • WASHINGTON— For much of the economy's fitful and sluggish six-year recovery from the Great Recession, analysts have foreseen a sunnier future: Growth would pick up in six months, or in a year. The latest Associated Press survey of leading economists shows that most now foresee a weaker expansion than they had earlier. "We no longer have reason for optimism that the...

  • SAO PAULO, Aug 20- Itaú Unibanco Holding SA, Brazil's No. 1 bank by market value, is having a difficult time predicting prospects for corporate loan delinquencies amid an uncertainty outlook for some industries and policies to shore up the economy, the bank's CEO said on Thursday. Executives expect delinquencies to rise through year-end, a sign that fallout from...

  • Is Canada's economy tanking? Wednesday, 19 Aug 2015 | 8:58 AM ET
    Is Canada's economy tanking?

    CNBC's Deirdre Bosa reports on how the decline in oil prices has placed Canada on the verge of recession.

  • *Germany accelerated but by less than expected. *But firms run down inventories in France, Germany. BERLIN, Aug 14- Economic growth in the euro zone slowed in the second quarter as France stagnated and Italy lost momentum, held back by an uncertain global outlook that is even weakening investment in powerhouse Germany.

  • TOKYO, Aug 14- Japan's economy likely shrank in April-June as exports slumped and consumers cut back on spending, a Reuters poll showed, boding ill for Prime Minister Shinzo Abe's policy drive to lift the economy out of decades of deflation. Growing signs that Japan's economy is at a standstill are clouding the outlook for the premier's "Abenomics" program aimed...

  • TOKYO, Aug 11- Japanese analysts are sharply cutting their economic growth forecasts for the year amid expectations that activity shrank in the second quarter, a survey showed, piling pressure on the central bank to trim its own rosy projections. That was a rare sharp downgrade from 1.66 percent projected in the previous month's ESP survey, regarded as the most...

  • WASHINGTON, Aug 6- Most Federal Reserve policymakers expect the U.S. jobless rate will stop plunging and stabilize right around its long-term normal level, a risky forecast given that this apparently hasn't happened in at least a half century. It kept dropping and by December 2006 had hit 4.4 percent. "They're taking some big risks," said Jesse Edgerton, a former Fed...

  • TOKYO, Aug 4- An economic adviser to Japan's prime minister said on Tuesday that he saw no need for the Bank of Japan to deploy additional stimulus to meet its 2 percent inflation goal next year, warning that it could cause the yen to weaken and prices to overshoot. Etsuro Honda, special adviser to the Cabinet and a leading architect of Prime Minister Shinzo Abe's...

  • Here's the real problem with US economy: Roach Wednesday, 29 Jul 2015 | 7:41 AM ET
    Here's the real problem with US economy: Roach

    Influential economist Stephen Roach tells CNBC, "We've been in a balance sheet recession, and we're still in it. That's the bottom line."

  • The statement, which sent Brazil's currency tumbling, is a setback to Finance Minister Joaquim Levy's efforts to win back investor confidence in the country's economy, Latin America's largest, now in recession. S&P affirmed Brazil's credit rating of BBB-minus, the agency's lowest investment grade rating, and revised the outlook on that rating to negative...

  • Child poverty remains an issue Tuesday, 21 Jul 2015 | 8:00 AM ET
    Child poverty remains an issue

    More U.S. children live in poverty now than during the recession.

  • 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.