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
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
Fed says 18 biggest U.S. banks in stronger position
The Federal Reserve says the nation’s largest banks are more prepared to withstand a severe U.S. Continue reading
Morgan Stanley’s Stress Test Math (Correct)
Update to correct revenue information and include Morgan Stanley comment. NEW YORK (TheStreet) — Morgan Stanley is in sharp disagreement with the results of the Federal Reserve over how much the company would lose if a terrible recession were to begin this year Continue reading
All but one major U.S. bank passes Fed’s stress test
U.S. banks have enough capital to withstand a severe economic downturn, the Federal Reserve said on Thursday, with all but one major bank passing the regulator’s annual health check. Continue reading
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
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
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
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
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
