It's Starting to Look a Lot Like Recession, 2015


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UK Double Dip Recession 2012

UK's Double Dip Recession, Worst in Modern History, Shocks Many

Just released GDP estimates from the Office for National Statistics have come in over three times worse than forecast, at a 0.7% (2.8% annualized) contraction, verses expectations of a mild 0.2% (0.8% annualized) decline.

While "only" the most recent three ( Read more... )

UK Back in Recession (Duh Edition)
On Thursday the econ rags were abuzz with word that the UK had officially slipped into a Double Dip Recession, its first, officially, since 1975 ( Read more... )

Data now coming in for the first month of 2012 points to the possibility of a very soft GDP rate for the month. Despite this, employment numbers look to have been pretty decent, with momentum on the jobs front carrying well into February, and consumer confidence has just once again exceeded expectations.

Going forward, it is often pointed out that ( Read more... )

File Under: Yes, This is a DepressionThe United Kingdom has already fallen back into recession, and the EU is just about there as well, according to analysts from Standard Chartered Bank (as well as others). The latest update to Standard Chartered's forecast now calls for a sharp contraction throughout Europe, with the UK shrinking by 1.3% for 2012 ( Read more... )

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More and more evidence that the incipient recession is actually going global, and could become severe.
Economy.com
Euro Zone Outlook: Return to Recession

By Enam Ahmed, Melanie Bowler, and Zach Witton in London
October 5, 2011

View the Moody's Analytics Euro Zone Forecast.

• Weak domestic demand, slowing global growth, and tighter credit will drag the euro ( Read more... )

The Economic Times
Global manufacturing shrinks for first time since 2009

WASHINGTON/LONDON: Global manufacturing shrank for the first time in over two years in September, reinforcing fears of another recession despite a modest bounce in U.S. factory activity...

In Europe and Asia, factory activity dropped in September to levels not seen since the ( Read more... )

Bloomberg
Roubini: U.S. in Throes of Economic ContractionMost advanced economies are lapsing back into recession while the U.S. is already in the throes of an economic contraction, according to Nouriel Roubini, co- founder and chairman of Roubini Global Economics LLC ( Read more... )

Former NBER President Martin Feldstein now places the odds of a new recession, technical recession starting in 2011 or 2012, very high. According to Dr. Feldstein, the last leg holding up US GDP up may already be getting kicked out from under it in the current quarter. For video see: Read more... )