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From Bad--to Worse?(unemployment)(global recession)(Brief Article)
The startling jump in U.S. unemployment has jolted stock markets and Finance ministries around the world. Economists no longer mutter merely about global recession. With all big economies now sagging, the D word is creeping into the lexicons of anxiety.
A synchronized sink like this hasn't occurred since the oil shocks of the 1970s. This time the chief causes are the bursting bubbles of high tech and the global stock-market bust. Officials everywhere have been banking on America to resume its accustomed role as global locomotive. U.S. production had slid from a dazzling 5 percent growth rate a year ago to a dismal 0.2 percent this spring. But employment and consumer spending remained solid, sustaining hopes for a recovery by autumn. Now, it's in doubt. The United States lost a million jobs in August, pushing unemployment from 4.5 to 4.9 percent--one whole point within a year, which has ...
- United States: Crude Oil Rises on Signs of Recovery From Global Recession.
- News wire article from: TendersInfo July 14, 2009 700+ words
Byline: manish03 Crude oil rose for the first time in three days on signs of recovery from the global recession, prompting optimism fuel demand will increase. Oil climbed from an eight-week low as U.S. and Asian stocks gained. China...
- Still sweet? The industry's strong surge during the first three quarters last...
- Magazine article from: Candy Industry Pacyniak, Bernard June 1, 2009 700+ words
...nearly everyone in the United States is wondering whether the...wall. Given that the global recession had its origins in the United States, it figures that the...kind of an impact the global recession would have on 2009 sales...
- Sept 11: Seed of global recession?
- News wire article from: United Press International September 5, 2002 700+ words
...unhappy seed that grew into global recession in 2003 and 2004. It is...to work. But between the United States and the Islamic world the...It is that enemies of the United States who possess the power to...world, one in which the United States will pursue its enemies...
- World Bank Fears Global Recession.
- Newspaper article from: Knight Ridder/Tribune Business News Hill, Patrice April 7, 1999 700+ words
...strong expansion in the United States, because of faltering...yesterday. While the United States has been enjoying growth...domestic demand in the United States," said Uri Dadush...worst since the 1982 global recession. While the bank still...
- Global recession "inevitable": Japanese PM.
- News wire article from: PTI - The Press Trust of India Ltd. October 21, 2008 700+ words
Global recession "inevitable": Japanese...as "inevitable" a global recession following the US financial...Brothers could lead to a global recession. "Although the impact...second largest after the United States, Aso said Japan has...
- The Fraser Institute: Economic Freedom Falls in Canada; Government Response to...
- News wire article from: Marketwire Canada September 14, 2009 700+ words
...likely impact of the global recession on levels of economic...freedom are blaming the global recession on the operation...in response to the global recession, this trend of decreasing...Chile (8.14), United States (8.06), Ireland...
- Global Recession Threatens World Economy.(Brief Article)
- Magazine article from: Government Finance Review August 1, 2001 700+ words
...first time in years, a global recession looms as a real possibility. The United States may or may not already...of a full-fledged global recession is worrying economists and policymakers. A global recession would be virtually unprecedented...
- Cornell professor Richard Rosecrance that US tariffs and trade deficit...
- Press release article from: PR Newswire April 30, 1987 700+ words
...reductions in the United States' trade deficit are...a trade war and to global recession, warned Richard Rosecrance...in the world, the United States -- to get through...Austria and the United States, to impose tariffs...
