Topic filter : Recession

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....The early post-referendum evidence suggested, to the surprise of many – or at least to many of the experts – that Gove was right and they were wrong. There was in fact no immediate recession in the UK after the vote for Brexit; indeed, there was not even a slowdown in growth. ... [Read full article on Guardian ]
Thursday 10th of August 2017 12:08:30 PM
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.... Headlines about America’s most recognized brands – Sears, Macy’s, RadioShack, Payless Shoes – have been dominated by store closings and bankruptcies. Credit Suisse has projected that 8,640 stores will close in 2017, easily surpassing the rate of closures during the great recession. ... [Read full article on Guardian ]
Wednesday 16th of August 2017 09:00:35 AM
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.... The earlier Treasury paper had predicted what the economy might look like in 2030; the one published in May 2016 was about the immediate impact of leaving the EU. It predicted a year-long recession, an increase in unemployment of 500,000, turmoil in the financial markets and falling house prices – all of which turned out to be well wide of the mark. ... [Read full article on Guardian ]
Sunday 20th of August 2017 06:00:35 AM
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....The Bank director said banks and building societies were being supervised and had to prove to the regulator that they had safeguards in place against entering the spiral of complacency. Lenders were also being regularly stress tested to ensure that they could deal with very severe recessions without cutting back on their lending. ... [Read full article on Guardian ]
Monday 24th of July 2017 05:40:59 PM
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. All history now, isn’t it? The credit crisis that began in August 2007, the ensuing banking crash and global recession. ... [Read full article on Guardian ]
Tuesday 15th of August 2017 05:00:05 AM
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.... The British housing market was thriving, with home ownership reaching an all-time high in 2003. There had not been a recession since 1991, a blissfully long time for the previously fitful British economy. ... [Read full article on Guardian ]
Friday 4th of August 2017 05:00:34 AM
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....But the model relied on consumers in western countries – such as the US – taking on more debt to buy these exports. When the financial crisis of a decade ago ended in a deep recession, demand for Chinese goods suddenly dried up. ... [Read full article on Guardian ]
Sunday 13th of August 2017 11:00:12 AM
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.... Nothing seems to put a damper on travel. Not the 2008 great recession. ... [Read full article on Guardian ]
Saturday 5th of August 2017 11:05:25 PM
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....5% of gross domestic product. As a result of the subsequent deep recession, the deficit ballooned to a peacetime record of 10% of GDP. ... [Read full article on Guardian ]
Sunday 23rd of July 2017 12:35:11 PM
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....But not only did we in Whitehall fail to see the crisis coming, we failed in anticipating its long-term impact. We expected unemployment, repossessions and business insolvencies to surge, just as we had seen in the recessions of the 1980s and 90s. ... [Read full article on Guardian ]
Wednesday 9th of August 2017 05:00:01 AM
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Monday 24th of July 2017 11:30:41 AM
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....Carney’s account of what firms had been saying to Bank officials on pay and Brexit uncertainty may upset leave supporters. The governor drew criticism in the run-up to the EU referendum when he said there was a risk a vote for Brexit could spark a recession and raise unemployment. ... [Read full article on Guardian ]
Thursday 3rd of August 2017 11:13:47 AM
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....The bad news is that, when one takes a step back, some of the deeper causes of the crisis look as entrenched as ever. In their first response to a debt-fuelled crisis, regulators pursued what Lord King, Carney’s predecessor, called the “paradox of policy” – they slashed interest rates to encourage spending and to prevent recession turning to depression. ... [Read full article on Guardian ]
Sunday 6th of August 2017 06:00:33 AM
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.... The picture differed regionally, with London being the weakest market, followed by the south-east. UK productivity has dropped back to where it was at the end of 2007 just before the economy was plunged into recession. ... [Read full article on Guardian ]
Monday 24th of July 2017 05:01:27 AM
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.... Perhaps the clearest example of this is housing. House price inflation has run far ahead of wage inflation in the UK for decades, so although – a few years of recession excepting – proxy wealth has tended to rise, real wealth for many has not, because housing has eaten up more than the increase. ... [Read full article on Guardian ]
Monday 14th of August 2017 07:00:36 AM
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....The consequences have been epic, particularly in Britain. The de facto bankruptcy of two banks – RBS and HBOS – and the impact on the rest of the system was to begin a credit crunch that triggered the longest and deepest recession since the 1930s. ... [Read full article on Guardian ]
Saturday 12th of August 2017 11:05:01 PM
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.... There are few signs that workers have been able to use the erosion of their living standards caused by the fall in the value of the pound to negotiate higher pay awards. Those advocating a rate rise say the Bank needs to give itself some room for manoeuvre in the event of there being another recession. ... [Read full article on Guardian ]
Sunday 30th of July 2017 09:58:51 AM
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.... He said: “2017 is starting to feel like the auto industry’s annus horribilis. This could be the beginning of a deep recession for the new car industry, the likes of which we haven’t seen since the credit crunch. ... [Read full article on Guardian ]
Friday 4th of August 2017 10:06:43 AM
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....Lastly, Trump’s deregulation agenda will not boost economic growth, and may actually weaken it over time. If financial regulations are loosened too much, the result could be another asset and credit bubble, and even another financial crisis and recession. ... [Read full article on Guardian ]
Friday 4th of August 2017 09:40:46 AM
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.... But it also raises another issue: has enough been done to prevent a repeat of the horrors of a decade ago, which began in August 2007?. Given concern that the record low interest rates and electronic money printing that central banks resorted to in the face of the biggest recession since the 1930s are storing up problems for the future, the question is simple: has anything really changed?. ... [Read full article on Guardian ]
Friday 4th of August 2017 02:55:24 PM
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....Economists have worried that the US economy is struggling to create significant employment despite Trump’s promise of “JOBS! JOBS! JOBS!”. July marked the 82nd consecutive month of jobs growth in the US, but, just as in the UK, the recovery from the depths of the 2008 recession has been marked by slow wage growth and a worryingly large number of people in part-time work. ... [Read full article on Guardian ]
Saturday 5th of August 2017 03:00:15 PM
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.... The biggest is the sheer expense of houses relative to earnings. Average house prices remain about six times average earnings, a level last seen in 2007, just before the banking crash and recession. ... [Read full article on Guardian ]
Monday 7th of August 2017 06:03:45 PM
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.... Though those limitations have been laid bare over the past 10 years, policymakers did not strengthen adequately the growth model on which their economies depend. Instead, they often acted as if the crisis was merely a cyclical – albeit dramatic – shock, and assumed that the economy would bounce back in a V-like fashion, as it had typically done after a recession. ... [Read full article on Guardian ]
Thursday 17th of August 2017 11:15:17 AM
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....Put simply, if GDP is up on the previous three months, the economy is growing; if it is down, it is contracting. Two or more consecutive quarters of contraction mean the economy is officially in recession. ... [Read full article on Guardian ]
Wednesday 26th of July 2017 09:19:12 AM
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.... Job growth in higher-paid sectors including construction, manufacturing and mining was marginal. Wage growth has remained lackluster since the recovery from the last recession and was a mediocre 2. ... [Read full article on Guardian ]
Friday 4th of August 2017 12:49:07 PM
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.... Mortgage arrears are historically low. Clearly, the picture would change if higher interest rates plunged the economy into recession. ... [Read full article on Guardian ]
Saturday 12th of August 2017 03:00:47 PM
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. The re-emergence of nationalistic fringe parties such as One Nation caused many to wonder why, given our continued run without a recession, some areas of the country appear to have turned away from mainstream politics. ... [Read full article on Guardian ]
Monday 7th of August 2017 06:00:16 PM
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.... The Bank is prepared to act within the next two months if it thinks there has been insufficient action on the part of lenders to prevent the damaging popping of a credit bubble. Only once has the household debt to income ratio been as elevated as it is now, and that was 10 years ago, when the economy was on the cusp of its deepest recession since the second world war. ... [Read full article on Guardian ]
Saturday 29th of July 2017 11:04:03 PM
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Latest Finance News related to Recession

Weak pound could boost manufacturing, if manufacturing itself wasn’t so weak image
.... The earlier Treasury paper had predicted what the economy might look like in 2030; the one published in May 2016 was about the immediate impact of leaving the EU. It predicted a year-long recession, an increase in unemployment of 500,000, turmoil in the financial markets and falling house prices – all of which turned out to be well wide of the mark. ...
Why haven't politicians learned from the financial crisis? | Mohamed El-Erian image
.... Though those limitations have been laid bare over the past 10 years, policymakers did not strengthen adequately the growth model on which their economies depend. Instead, they often acted as if the crisis was merely a cyclical – albeit dramatic – shock, and assumed that the economy would bounce back in a V-like fashion, as it had typically done after a recession. ...
End of the checkout line: the looming crisis for American cashiers image
Source : Guardian [Read Article] Wednesday 16th of August 2017 09:00:35 AM
.... Headlines about America’s most recognized brands – Sears, Macy’s, RadioShack, Payless Shoes – have been dominated by store closings and bankruptcies. Credit Suisse has projected that 8,640 stores will close in 2017, easily surpassing the rate of closures during the great recession. ...
Forget GDP – there’s more to Britain’s wealth than its bank balance | Julian Baggini image
.... Perhaps the clearest example of this is housing. House price inflation has run far ahead of wage inflation in the UK for decades, so although – a few years of recession excepting – proxy wealth has tended to rise, real wealth for many has not, because housing has eaten up more than the increase. ...
How Trump v Kim can wreck the world economy without a shot being fired | Larry Elliott image
....But the model relied on consumers in western countries – such as the US – taking on more debt to buy these exports. When the financial crisis of a decade ago ended in a deep recession, demand for Chinese goods suddenly dried up. ...
How the crash discredited the Anglo-US democratic model | Will Hutton image
Source : Guardian [Read Article] Saturday 12th of August 2017 11:05:01 PM
....The consequences have been epic, particularly in Britain. The de facto bankruptcy of two banks – RBS and HBOS – and the impact on the rest of the system was to begin a credit crunch that triggered the longest and deepest recession since the 1930s. ...
Too much hinges on house prices: but Britain may yet avoid a crash image
Source : Guardian [Read Article] Saturday 12th of August 2017 03:00:47 PM
.... Mortgage arrears are historically low. Clearly, the picture would change if higher interest rates plunged the economy into recession. ...
The experts strike back! How economists are being proved right on Brexit | Barry Eichengreen image
....The early post-referendum evidence suggested, to the surprise of many – or at least to many of the experts – that Gove was right and they were wrong. There was in fact no immediate recession in the UK after the vote for Brexit; indeed, there was not even a slowdown in growth. ...
House price slowdown is excellent news – even if estate agents disagree | Nils Pratley image
.... The biggest is the sheer expense of houses relative to earnings. Average house prices remain about six times average earnings, a level last seen in 2007, just before the banking crash and recession. ...
Why 'economic anxiety' doesn't explain One Nation and the far-right's return | Greg Jericho image
. The re-emergence of nationalistic fringe parties such as One Nation caused many to wonder why, given our continued run without a recession, some areas of the country appear to have turned away from mainstream politics. ...
A decade after the financial meltdown, its underlying problems haven’t been fixed image
....The bad news is that, when one takes a step back, some of the deeper causes of the crisis look as entrenched as ever. In their first response to a debt-fuelled crisis, regulators pursued what Lord King, Carney’s predecessor, called the “paradox of policy” – they slashed interest rates to encourage spending and to prevent recession turning to depression. ...
Only governments can stem the tide of tourism sweeping the globe | Elizabeth Becker image
.... Nothing seems to put a damper on travel. Not the 2008 great recession. ...
The president tweeted it – but is the US economy really great again? image
Source : Guardian [Read Article] Saturday 5th of August 2017 03:00:15 PM
....Economists have worried that the US economy is struggling to create significant employment despite Trump’s promise of “JOBS! JOBS! JOBS!”. July marked the 82nd consecutive month of jobs growth in the US, but, just as in the UK, the recovery from the depths of the 2008 recession has been marked by slow wage growth and a worryingly large number of people in part-time work. ...
Credit crunch, 10 years on: fate of RBS shows global crisis is not over image
.... But it also raises another issue: has enough been done to prevent a repeat of the horrors of a decade ago, which began in August 2007?. Given concern that the record low interest rates and electronic money printing that central banks resorted to in the face of the biggest recession since the 1930s are storing up problems for the future, the question is simple: has anything really changed?. ...
US jobs report: Trump given good news as economy adds 209,000 jobs in July image
.... Job growth in higher-paid sectors including construction, manufacturing and mining was marginal. Wage growth has remained lackluster since the recovery from the last recession and was a mediocre 2. ...
Brexit uncertainty blamed as UK car sales fall for fourth month image
Source : Guardian [Read Article] Friday 4th of August 2017 10:06:43 AM
.... He said: “2017 is starting to feel like the auto industry’s annus horribilis. This could be the beginning of a deep recession for the new car industry, the likes of which we haven’t seen since the credit crunch. ...
Why Trumponomics cannot make America great again image
Source : Guardian [Read Article] Friday 4th of August 2017 09:40:46 AM
....Lastly, Trump’s deregulation agenda will not boost economic growth, and may actually weaken it over time. If financial regulations are loosened too much, the result could be another asset and credit bubble, and even another financial crisis and recession. ...
How Britain fell out of love with the free market image
Source : Guardian [Read Article] Friday 4th of August 2017 05:00:34 AM
Brexit is putting firms off giving pay rises, says Bank of England image
Source : Guardian [Read Article] Thursday 3rd of August 2017 11:13:47 AM
....Carney’s account of what firms had been saying to Bank officials on pay and Brexit uncertainty may upset leave supporters. The governor drew criticism in the run-up to the EU referendum when he said there was a risk a vote for Brexit could spark a recession and raise unemployment. ...
Slow economic growth is not the new normal, it's the old norm | Larry Elliott image
.... There are few signs that workers have been able to use the erosion of their living standards caused by the fall in the value of the pound to negotiate higher pay awards. Those advocating a rate rise say the Bank needs to give itself some room for manoeuvre in the event of there being another recession. ...
Lenders must stop stoking demand for loans: or there’ll be another firestorm image
.... The Bank is prepared to act within the next two months if it thinks there has been insufficient action on the part of lenders to prevent the damaging popping of a credit bubble. Only once has the household debt to income ratio been as elevated as it is now, and that was 10 years ago, when the economy was on the cusp of its deepest recession since the second world war. ...
Debt-ridden families a ticking time bomb for EVERYONE in Britain, Bank of England warns image
....High levels of debt can create a vicious circle for the economy, according to Mr Brazier. Borrowers with large mortgages deepen recessions by cutting back on spending. ...
Bank of England warns of complacency over big rise in personal debt image
Source : Guardian [Read Article] Monday 24th of July 2017 05:40:59 PM
....The Bank director said banks and building societies were being supervised and had to prove to the regulator that they had safeguards in place against entering the spiral of complacency. Lenders were also being regularly stress tested to ensure that they could deal with very severe recessions without cutting back on their lending. ...
How has Brexit vote affected UK economy? July verdict image
Source : Guardian [Read Article] Monday 24th of July 2017 05:01:27 AM
UK growth will slow as consumer spending is squeezed, forecasts PwC image
Source : Guardian [Read Article] Tuesday 18th of July 2017 05:01:11 AM
....“There are still downside risks relating to Brexit, but there are also upside possibilities if negotiations go smoothly and the recent eurozone economic recovery continues. We expect the UK to suffer a moderate slowdown, not a recession, but businesses should be monitoring this and making contingency plans. ...
The Guardian view on the 1%: all gain, no pain | Editorial image
Source : Guardian [Read Article] Sunday 16th of July 2017 06:59:34 PM
.... The economy is about £300bn smaller than would be expected if the crash had not happened. Remember the recession was caused by the financial sector’s innovations – the excessive leverage; the perverse incentives; the fraudulent promotion of risky products as safe – and its promotion that greed was the ultimate good. ...
Governments have to invest in the fourth industrial revolution | Larry Elliott image
....But what of the other 99%? Where do they fit into this cosy little world? Well, the short answer is that what gains they get to the value of their pensions from rising share prices are dwarfed by the impact of weaker investment. And it is the lack of investment that explains why the recovery from the recession has been so feeble, why productivity has been so poor, why average incomes have flatlined and why growth has been accompanied by a buildup in consumer debt. ...
'The lipstick effect': Britons treat themselves as budgets tighten image
Source : Guardian [Read Article] Saturday 15th of July 2017 08:00:01 AM
.... Sales of lipstick rose 31% in the three months to the end of June against the same period last year with Instagram-friendly brightly coloured summer lip shades especially highly sought after. “Perhaps [it’s] the lipstick effect as we might have called it back in the recession [of 2008],” Nickolds said. ...
Top 1% of households in UK fully recovered from financial crisis image
Source : Guardian [Read Article] Friday 14th of July 2017 11:01:36 PM
....The contrasting fortunes of rich and poor in the decade since the start of the financial crisis are starkly illustrated by a new report showing the young and those renting homes struggling while the top 1% have now recouped all the ground they lost during the world’s worst post-second world war slump. New research from the Resolution Foundation showed that households with incomes of £275,000 or more quickly recovered from the impact of the deep recession and have seen their share of national income return to the level seen before the global banking system froze up in the summer of 2007. ...
The Tories have failed to fix the roof – and now storms are brewing | Larry Elliott image
....Its message was brutally simple. The UK has had a recession once in every decade since the 1970s and there is a 50% chance of there being another one in the next five years. ...
UK public finances face twin threat from Brexit and downturn, says OBR image
Source : Guardian [Read Article] Thursday 13th of July 2017 12:07:53 PM
. Britain’s public finances are in worse shape to withstand a recession than they were on the eve of the 2007 financial crash a decade ago and face the twin threat of a fresh downturn and Brexit, the Treasury’s independent forecaster has warned. ...
UK pay squeeze intensifies as real wages continue to fall image
Source : Guardian [Read Article] Wednesday 12th of July 2017 10:35:05 AM
....“Real earnings growth remains deep in negative territory and this seems unlikely to change any time soon. This will dampen consumer spending power, though the continued strength of the jobs market should prevent the recent slowdown in the economy turning into a recession. ...
The U-turn generation: have British teenagers stopped learning to drive? image
.... A consistent 46% of candidates were aged 17-20 (80% were under 31). The 2008 recession put the brakes on demand – which explains why the 10-year trend looks grim. ...
How economics became a religion | John Rapley image
Source : Guardian [Read Article] Tuesday 11th of July 2017 05:00:01 AM
....Yet if history teaches anything, it’s that whenever economists feel certain that they have found the holy grail of endless peace and prosperity, the end of the present regime is nigh. On the eve of the 1929 Wall Street crash, the American economist Irving Fisher advised people to go out and buy shares; in the 1960s, Keynesian economists said there would never be another recession because they had perfected the tools of demand management. ...
Central banks are ending policies like QE – but they'll be back | Nouriel Roubini image
.... And the Bank of Canada (BOC) and the Reserve Bank of Australia (RBA) have both signalled that interest-rate hikes will be forthcoming. Still, all of these central banks will have to reintroduce unconventional monetary policies if another recession or financial crisis occurs. ...
US jobs report shows sharp recovery in June but wage growth remains slow image
.... The Fed raised short-term interest rates last month for the third time since December, with its chair, Janet Yellen, citing the “very strong labor market”. June marked the 81st consecutive month of job growth in the US, but the recovery from the depths of the 2007 recession has been marked by slow wage growth and a worryingly large number of people in part-time work. ...
Russia's future looks bleak without economic and political reform | Kenneth Rogoff image
.... To be sure, despite the steep drop in oil prices that began three years ago, Russia has managed to escape a deep financial crisis. But while the economy is enjoying a modest rebound after two years of deep recession, the future no longer seems as promising as its leadership thought just five years ago. ...
Productivity usually bounces back after a recession – why hasn't it? image
Source : Guardian [Read Article] Wednesday 5th of July 2017 11:41:14 AM
.... The 0. 5% quarterly drop in output per hour worked meant productivity fell back below where it was in the last quarter of 2007, the period immediately before the economy nosedived into recession. ...
Hammond says UK must 'hold nerve' over public pay image
Source : BBC [Read Article] Tuesday 4th of July 2017 06:45:30 AM
...."That approach has not changed; and we continually assess that balance. But we do, of course, recognise that the British people are weary after seven years hard slog repairing the damage of the great recession. ...
We have fixed issues that caused financial crisis, says Mark Carney image
. Fundamental reforms undertaken since the US sub-prime mortgage market triggered the deepest global recession since the second world war have created a safer, simpler and fairer financial system, Mark Carney has said. ...
Bureaucratic block image
Source : BBC [Read Article] Sunday 2nd of July 2017 11:13:32 PM
.... . In 1980s Britain, with recession affecting some of the country's regions more than others, Employment Minister Norman Tebbit notoriously suggested - or was widely interpreted as suggesting - that the jobless should "get on their bikes" to look for work. ...
Brexit economy: UK faces slowdown amid living standards squeeze image
Source : Guardian [Read Article] Thursday 22nd of June 2017 11:01:36 AM
....One year since voters narrowly opted for Brexit, the Guardian’s monthly tracker of economic news paints a gloomy picture, with households facing rising costs and firms fretting over falling demand and political uncertainty. The economy has so far avoided the recession predicted by some doomsayers at the time of the referendum, and in the months immediately following the Brexit vote the UK outperformed most other advanced economies. ...
Bank of England rift as chief economist ponders interest rate rise image
Source : Guardian [Read Article] Wednesday 21st of June 2017 11:09:59 AM
....”. Haldane said the first rate rise since before the deep recession of 2008-09 should be welcomed rather than feared. ...
UK budget deficit to increase this year amid living standards squeeze image
Source : Guardian [Read Article] Wednesday 21st of June 2017 10:49:47 AM
....”. Yael Selfin, the chief UK economist at accountancy firm KPMG, said: “Since the ‘great recession’ we have seen a period of gradual improvements, but expected headwinds are now likely to put significant pressure on public finances. ...
House sales have fallen by nearly a third in some parts of UK, says Lloyds image
....Last year Countrywide, the estate agent group, announced the closure of more than 50 branches, while London agency Foxtons warned in March of tough trading conditions in 2017 as it reported a 54% fall in profit for last year. However, the total number of estate agents in Britain is today about 15% above the last pre-recession peak, said Mark Hayward of the National Association of Estate Agents, with rising house prices making each transaction more valuable. ...
Philip Hammond says Brexit deal must put jobs and prosperity first image
Source : Guardian [Read Article] Tuesday 20th of June 2017 08:41:04 AM
....”. Hammond, who campaigned for remain in the referendum and has been arguing in cabinet against the idea of Britain leaving the EU without a deal, said the result of the general election had shown that the country was “weary after seven years of hard slog repairing the damage of the great recession”. ...
Bank of England says interest rates should be kept on hold amid Brexit uncertainty image
....Mark Carney said he would want to see how businesses, financial markets and consumers reacted to the reality of the UK’s looming departure from the EU before changing his view. The governor, who attracted criticism from Conservative MPs for the recession warnings he issued before last summer’s referendum, said the Brexit talks would have a significant bearing on whether the UK’s historically high balance of payments deficit would become more sustainable. ...
Brexiters have voted for a poverty even worse than austerity image
Source : Guardian [Read Article] Sunday 18th of June 2017 06:00:04 AM
.... Their obsession with “the deficit” hoodwinked people who do not understand that a nation is not a household, and that cuts in public expenditure are the reverse of what is required in a time of depression. All economies need a period of rapid growth after a recession. ...
Debt bubble returns millions to days of 2008 crash image
Source : Guardian [Read Article] Saturday 17th of June 2017 11:05:51 PM
....The charity estimates that 2. 9 million people in the UK are experiencing severe financial debt in the aftermath of the recession. ...
The eurozone must reform or die | Kenneth Rogoff image
Source : Guardian [Read Article] Friday 16th of June 2017 05:00:00 AM
....But all is not well. Greece is still barely growing, after experiencing one of the worst recessions in history, although those who blame this on German austerity clearly have not looked at the numbers: with encouragement from left-leaning US economists, Athens mismanaged perhaps the softest bailout package in modern history. ...
Creditors agree terms to disburse Greece's €8.5bn bailout funds image
Source : Guardian [Read Article] Friday 16th of June 2017 12:05:16 AM
....5% to 2% as of 2023. The ECB, whose stimulus programme the recession-hit country has been yearning to join, also applauded the deal. ...
Greek bailout funds on the cards as creditors narrow differences image
Source : Guardian [Read Article] Thursday 15th of June 2017 05:25:49 PM
....4bn) from the Greek €86bn bailout fund to help Athens make a repayment due in July, although specifics on long-term debt relief are likely to be fudged. The disbursement ends months of deadlock between Greece’s creditors, but is unlikely to diminish fears that the recession-ravaged country faces years of austerity. ...
The Guardian view on austerity economics: it failed | Editorial image
Source : Guardian [Read Article] Wednesday 14th of June 2017 07:07:26 PM
.... Inflation is rising. Wages when adjusted for prices are lower than they were when the last recession began in early 2008. ...
Fed raises interest rates again in further sign of confidence in US economy image
. The US Federal Reserve announced it was raising short-term interest rates by a quarter percentage point on Wednesday as the central bank continued to unwind the huge economic stimulus plan brought in after the great recession. ...
New Channel 4 boss Alex Mahon faces some unwelcome drama image
Source : Guardian [Read Article] Saturday 10th of June 2017 03:00:29 PM
....The television advertising market has deteriorated significantly this year, with ITV reporting that its revenues will be down as much as 9% in the first half. The broadcaster is on track to record the worst decline since the recession almost a decade ago. ...
Take a bow Mario Draghi – has the ECB chief saved the eurozone? image
Source : Guardian [Read Article] Thursday 8th of June 2017 02:21:01 PM
.... Again, this follows the example of the Fed and the Bank of England. No question, the ECB is in a far better place than it was this time five years ago, when the economy was dipping in and out of recession, unemployment was rising and there were real fears that Italy and Spain would be the next dominoes to fall in Europe’s debt crisis. ...
Australia records 103rd successive quarter of recession-free economy image
Source : Guardian [Read Article] Wednesday 7th of June 2017 03:33:36 AM
....Australia’s economy grew at 0. 3% in the first three months of the year, confirming that the country will enjoy 26 years without a recession. ...
South Africa falls into second recession in a decade image
Source : BBC [Read Article] Tuesday 6th of June 2017 11:29:42 AM
. South Africa has fallen into recession for the first time in eight years after economic growth shrank by 0. ...
EY report: Scottish economy 'stuck in slow lane' image
Source : BBC [Read Article] Monday 5th of June 2017 11:23:30 PM
....Scottish Conservative economy spokesman Dean Lockhart said: "This is another damning report that shows just how much harm has been caused by the SNP's handling of our economy. "While the rest of the UK economy grows we are on the verge of a recession, and these figures confirm that we are stuck in the 'slow lane'. ...
If you want to get technical, recession records are nothing to brag about | Greg Jericho image
....On Wednesday, the March GDP figures will mark 103 quarters without Australia’s GDP falling in two consecutive quarters. But we should not get too excited about this length of time without a “technical recession”. ...
The global economy can recover faster if we avoid the obvious pifalls | Nouriel Roubini image
.... And yet economic activity has started to increase in the US, Europe and the eurozone, Japan, and key emerging markets. Owing to new stimulus measures, China’s growth rate has stabilised, and emerging markets such as India, other Asian countries, and even Russia and Brazil – which experienced recessions between 2014 and 2016 – are all doing better. ...
Global beer sales drying up, says report image
Source : BBC [Read Article] Sunday 4th of June 2017 11:51:14 AM
....Although global GDP increased 3. 5% in 2016, according to the IMF, and economic growth usually correlates with increased alcohol consumption several major economies, China, Russia and Brazil all faced an economic slowdown or recession. ...
Let’s hope a hung parliament can halt the Brexit disaster image
Source : Guardian [Read Article] Sunday 4th of June 2017 05:59:15 AM
.... Nor did his cuts to public sector investment. As Wren-Lewis reminds us, recoveries from past recessions have been characterised by periods of rapid growth. ...
What am I bid? Prices go through the roof at Christie's handbag auction image
.... The website worked out that on average Birkin bags have yielded an annual return of 14. 2% since they were launched and the bag has never experienced any annual price decrease, even in years of recession. ...
Brazil emerges from recession as GDP grows 1% image
Source : BBC [Read Article] Thursday 1st of June 2017 01:32:47 PM
. Brazil's economy has grown 1% in the first three months of 2017, putting an end to the country's longest recession in history, officials have announced. ...
Nomura admits part in Goldman Venezuelan bond deal image
Source : BBC [Read Article] Thursday 1st of June 2017 08:32:58 AM
....His opponents say the purchase has given him a financial lifeline. Venezuela's oil-dependent economy, crippled by low oil prices, has been in recession for four years, and now faces shortages of food and medicine, with inflation thought to be about 800%. ...

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