Tag Archives: downturn

GDP Figures: Triple-Dip Recession Feared

With GDP figures set to be released today, the spectre of a third successive downturn looms for Britain’s economy. Continue reading

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World military spending dips in 2012, first fall since 1998

STOCKHOLM (Reuters) – Global military spending dropped in 2012 for the first time in more than a decade thanks to deep cuts in the United States and Europe which made up for increases in countries such as China and Russia, a leading think-tank said on Monday. Big powers the United States and its European allies face tight budgets in an economic downturn and have scaled back involvement in conflicts in Iraq and Afghanistan. The world’s second biggest economy China, however, is ramping up spending and registered 7.8 percent growth in 2012 from the year before, up 175 percent from 2003 Continue reading

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Old Fashioned Con Artistry Makes A Comeback

As the downturn pinches the pockets of many, fraudsters are turning to traditional scams to maintain their lifestyle. Continue reading

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China’s growth rebounds but still vulnerable

China’s economy is finally rebounding from its deepest slump since the 2008 global crisis but the shaky recovery could be vulnerable to a new downturn in global trade. Continue reading

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Workers face tough choice as joblessness drags on

One of the defining features of the current economic downturn is that when people lose their job, they tend to remain unemployed for a loooong time. Continue reading

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Demerged Kraft unit sees consumers hungry for snacks

Mondelez International Inc , which ranks as the world’s biggest chocolate, candy and biscuit maker after being carved out of Kraft Foods Inc , is optimistic busy consumers will keep driving booming demand for snacks despite the downturn. Continue reading

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Great Recession’s pain still felt by many in US

More than five years after the it began, the lingering impact of the worst downturn in half a century continues to deplete the standard of living of middle-class households. Continue reading

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China’s Industrial Profits Decline For Fourth Month

PEKING (dpa-AFX) – China’s industrial profits declined for the fourth consecutive month in July, National Bureau of Statistics reported Monday. Continue reading

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Life in this economy really tough on moms

Though the media has focused on plight of unemployed dads (remember the “mancession?”), it’s moms who are suffering the most in the current downturn.  Continue reading

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Life in this economy really tough on moms

Though the media has focused on plight of unemployed dads (remember the “mancession?”), it’s moms who are suffering the most in the current downturn.  Continue reading

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