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Economic Measures Recession

  • 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...

  • 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.

  • Mexico could face recession of 'some degree': Economist

    William Adams of The PNC Financial Services Group says the uncertainty facing the Mexican economy will result in lower growth or a recession.

  • Conditions in Brazil still difficult: Economist

    Political turmoil in Brazil might be ebbing but the economy still faces challenges, says Eugenio Aleman, senior economist at Wells Fargo Securities,

  • SAO PAULO, Feb 14- Investors are giving Brazil's central bank the benefit of the doubt for the first time in at least seven years, betting that slumping inflation will allow policymakers to cut the official target below the current 4.5 percent. Three-year breakeven rates are also hovering below the target, highlighting investors' growing trust in Central Bank...

  • People use an Exxon gas station in Brooklyn, New York.

    The drop in gasoline demand in January was recession-like, but the economy seems OK and experts are having a hard time explaining it.

  • *BoE sharply raises 2017 GDP forecast to +2.0 pct. By William Schomberg and David Milliken. LONDON, Feb 2- The Bank of England made its latest sharp increase to forecasts for British economic growth in 2017 on Thursday, but appeared in no rush to raise interest rates, warning of "twists and turns" on the road out of the European Union.