Recessions http://www.globalpost.com/taxonomy/term/23077/all en GLOBAL MARKETS-Share rally stalls as more U.S. budget battles loom http://www.globalpost.com/dispatch/news/thomson-reuters/130103/global-markets-share-rally-stalls-more-us-budget-battles-loom <p>* World shares ease back from 18-month highs</p> <p>* Brent oil falls to $112 a barrel</p> <p>* Dollar index hits three-week high</p> <p>* Euro dips 0.3 pct to $1.3150</p> <p>By Richard Hubbard</p> <p>LONDON, Jan 3 (Reuters) - A global share market rally petered out on Thursday as investors focused on U.S. political battles ahead over spending cuts, halting the gains that followed a deal to avoid sharp tax hikes.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130103/global-markets-share-rally-stalls-more-us-budget-battles-loom" target="_blank">read more</a></p> Business Economic disasters Economic history Economics Economy of the United States Government oil Person Career Quotation Recessions United States federal budget United States public debt USD World oil market chronology from Thomson Reuters Thu, 03 Jan 2013 16:00:19 +0000 5730983 at http://www.globalpost.com GLOBAL ECONOMY-US activity picks up, hopes for euro zone rise http://www.globalpost.com/dispatch/news/thomson-reuters/130104/global-economy-us-activity-picks-hopes-euro-zone-rise <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* US services sector expands in Dec, hiring up sharply</p> <p>* U.S. employers add 155,000 jobs across economy in Dec</p> <p>* Surveys suggest euro zone downturn is easing</p> <p>* UK service sector declines, fourth quarter contraction seen</p> <p>By Steven C. Johnson and Andy Bruce</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130104/global-economy-us-activity-picks-hopes-euro-zone-rise" target="_blank">read more</a></p> Business Business cycle Economic history Economics Economist Economy of the European Union Economy of the People's Republic of China Economy of the United States Entertainment Euro Health Labor Law Macroeconomics Person Career Quotation Recessions Social Issues Unemployment United States housing bubble Thomson Reuters Fri, 04 Jan 2013 17:18:00 +0000 Thomson Reuters 5731144 at http://www.globalpost.com British firms' confidence increased in fourth quarter - survey http://www.globalpost.com/dispatch/news/thomson-reuters/130108/british-firms-confidence-increased-fourth-quarter-survey <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p>By Dasha Afanasieva</p> <p>LONDON, Jan 8 (Reuters) - British firms grew more confident<br /> in the last three months of 2012, suggesting the economy avoided<br /> contraction and is set for modest growth in the early part of<br /> this year, Britain's largest business survey showed on Tuesday.</p> <p>The survey of more than 7,000 firms by the British Chambers<br /> of Commerce contrasts sharply with the downbeat message last<br /> week from a set of closely watched polls of purchasing managers.<br /> They suggested Britain is slipping back into<br /> recession.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130108/british-firms-confidence-increased-fourth-quarter-survey" target="_blank">read more</a></p> Economics Economy of Paraguay Economy of the United Kingdom Entertainment Late-2000s recession in Europe Macroeconomics Person Career Quotation Recessions Thomson Reuters Tue, 08 Jan 2013 14:04:36 +0000 Thomson Reuters 5731564 at http://www.globalpost.com CORRECTED-UPDATE 2-Swedish c.bank minutes raise chance of another rate cut http://www.globalpost.com/dispatch/news/thomson-reuters/130108/corrected-update-2-swedish-cbank-minutes-raise-chance-another-r <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p>(Corrects name of af Jochnick in para 17)</p> <p>* Deputy govs Jansson and Wickman-Parak considered bigger<br /> cut</p> <p>* Analysts say minutes dovish, raise chance of another rate<br /> cut</p> <p>By Simon Johnson</p> <p>STOCKHOLM, Jan 8 (Reuters) - Sweden's central bank<br /> considered a bigger rate cut last month before deciding on a<br /> quarter point reduction, the minutes of its meeting showed,<br /> bolstering market expectations it will ease policy again by<br /> April at the latest.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130108/corrected-update-2-swedish-cbank-minutes-raise-chance-another-r" target="_blank">read more</a></p> Central bank Economics Economy of Sweden Government of Sweden Interest rates Macroeconomics Monetary policy Official bank rate Person Career Quotation Recessions Sveriges Riksbank Sweden Swedish krona Technology Thomson Reuters Tue, 08 Jan 2013 14:09:18 +0000 Thomson Reuters 5731593 at http://www.globalpost.com UPDATE 2-Italy jobless records put heat on Monti in poll race http://www.globalpost.com/dispatch/news/thomson-reuters/130108/update-2-italy-jobless-records-put-heat-monti-poll-race <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p>* Jobless rate stable at October record of 11.1 pct<br /> * Youth unemployment hits 37.1 pct, highest on record<br /> * Rising unemployment is key issue ahead of February<br /> election</p> <p> (Recasts lead, adds political comment, graphics)<br /> By Gavin Jones<br /> ROME, Jan 8 (Reuters) - Youth unemployment in Italy rose to<br /> an all time high above 37 percent in November, data showed on<br /> Tuesday, piling pressure on outgoing Prime Minister Mario Monti<br /> who is seeking a second term at national elections in February.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130108/update-2-italy-jobless-records-put-heat-monti-poll-race" target="_blank">read more</a></p> Economics Entertainment Labor economics Macroeconomics Mario Monti Mario Monti Person Attributes Person Career Quotation Recessions Socioeconomics Unemployment Thomson Reuters Tue, 08 Jan 2013 14:45:04 +0000 Thomson Reuters 5731603 at http://www.globalpost.com INSIGHT-In recession-hit Spain, hints of new competitiveness http://www.globalpost.com/dispatch/news/thomson-reuters/130115/insight-recession-hit-spain-hints-new-competitiveness <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Paul Day and Sebastian Moffett</p> <p>MADRID, Jan 15 (Reuters) - As a provider of financial security systems, Spanish tech company Realsec might easily have fallen victim to the country's banking crisis and economic slump. Yet Realsec is currently enjoying double-digit growth in revenues thanks to new clients in Latin America.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130115/insight-recession-hit-spain-hints-new-competitiveness" target="_blank">read more</a></p> Business Economics Europe Labor Politics Recessions Social Issues Technology Thomson Reuters Tue, 15 Jan 2013 10:00:50 +0000 Thomson Reuters 5734612 at http://www.globalpost.com UPDATE 2-German economy contracted 0.5 pct in Q4 on euro crisis http://www.globalpost.com/dispatch/news/thomson-reuters/130115/update-2-german-economy-contracted-05-pct-q4-euro-crisis <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* German economy slows drastically on euro zone crisis</p> <p>* Budget swings to surplus for first time since 2007</p> <p>* Government seen halving 2013 growth forecast to 0.5 percent (Adds details, comments, background)</p> <p>By Eva Kuehnen and Sakari Suoninen</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130115/update-2-german-economy-contracted-05-pct-q4-euro-crisis" target="_blank">read more</a></p> Business Economic history Economics Entertainment Recessions Thomson Reuters Tue, 15 Jan 2013 09:30:50 +0000 Thomson Reuters 5734583 at http://www.globalpost.com INTERVIEW-EBRD sees east Europe back on slow growth track http://www.globalpost.com/dispatch/news/thomson-reuters/130115/interview-ebrd-sees-east-europe-back-slow-growth-track <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Michael Winfrey</p> <p>VIENNA, Jan 15 (Reuters) - Emerging Europe's downturn has bottomed out, the EBRD development bank said on Tuesday, hinting that forecasts next week will show the first improvement since much of the region began to slip back into recession.</p> <p>European Bank for Reconstruction and Development President Suma Chakrabarti said that since around 2011, each time the bank issued its quarterly prognoses they would point to worse economic conditions. But that was about to change.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130115/interview-ebrd-sees-east-europe-back-slow-growth-track" target="_blank">read more</a></p> Economy of the European Union Entertainment European Bank for Reconstruction and Development Recessions Technology Thomson Reuters Tue, 15 Jan 2013 17:00:37 +0000 Thomson Reuters 5734828 at http://www.globalpost.com WRAPUP 3-Factory, price data give hopeful signs for U.S. economy http://www.globalpost.com/dispatch/news/thomson-reuters/130116/wrapup-3-factory-price-data-give-hopeful-signs-us-economy <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* U.S. consumer prices flat in December * Manufacturing output up 0.8 percent * Homebuilders sentiment holds near seven-year high By Jason Lange WASHINGTON, Jan 16 (Reuters) - The U.S. economy ended 2012 on a surprisingly sound note as factory output climbed and low inflation lifted consumers' purchasing power, signs the economy may be able to weather the higher tax bills that rang in the new year.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130116/wrapup-3-factory-price-data-give-hopeful-signs-us-economy" target="_blank">read more</a></p> Business Economic history Economics Entertainment Labor Recessions Thomson Reuters Wed, 16 Jan 2013 19:24:17 +0000 Thomson Reuters 5735154 at http://www.globalpost.com WRAPUP 4-Housing, labor data provide upbeat signs on US economy http://www.globalpost.com/dispatch/news/thomson-reuters/130117/wrapup-1-housing-labor-data-provide-upbeat-signs-us-economy <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Jobless claims drop 37,000 last week, lowest in five years</p> <p>* Housing starts surge 12.1 percent to four-year high</p> <p>* Building permits gain 0.3 percent</p> <p>* Mid-Atlantic manufacturing shrinks in January</p> <p>By Lucia Mutikani</p> <p>WASHINGTON, Jan 17 (Reuters) - The number of Americans filing new claims for unemployment aid hit a five-year low last week and residential construction surged in December, the latest signs that the U.S. economic recovery remains on track.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130117/wrapup-1-housing-labor-data-provide-upbeat-signs-us-economy" target="_blank">read more</a></p> Business Economics Labor Labor economics Law Nonfarm payrolls Recessions Socioeconomics Thomson Reuters Thu, 17 Jan 2013 14:31:03 +0000 Thomson Reuters 5735618 at http://www.globalpost.com WRAPUP 2-China's economy posts slowest growth since 1999 http://www.globalpost.com/dispatch/news/thomson-reuters/130117/update-1-chinas-economy-rebounds-q4-2012-weakest-1999 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* China Q4 GDP +7.9 pct year-on-year vs Reuters poll f'cast +7.8 pct</p> <p>* China 2012 GDP +7.8 pct y/y vs f'cast 7.7 pct</p> <p>* 2012 was weakest full-year growth since 1999</p> <p>* Recovery tepid amid uncertain outlook for global economy</p> <p>By Kevin Yao and Aileen Wang</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130117/update-1-chinas-economy-rebounds-q4-2012-weakest-1999" target="_blank">read more</a></p> Business Economics Economy of the Arab League Economy of the People's Republic of China Entertainment Inflation Macroeconomics Recessions Technology Thomson Reuters Fri, 18 Jan 2013 03:00:06 +0000 Thomson Reuters 5735931 at http://www.globalpost.com CORRECTED-UPDATE 1-Bank of Italy sees gloom deepening for economy http://www.globalpost.com/dispatch/news/thomson-reuters/130118/update-1-bank-italy-sees-gloom-deepening-economy <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>(Corrects paragraph 3 to show recession began in third quarter 2011, not first quarter)</p> <p>* Central bank slashes 2013 GDP view to -1.0 pct from -0.2</p> <p>* Expects only 0.7 pct economic growth in 2014</p> <p>* Report highlights economic challenges facing next government</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130118/update-1-bank-italy-sees-gloom-deepening-economy" target="_blank">read more</a></p> Debt-to-GDP ratio Economic history Economics Entertainment Government debt Politics Recessions Thomson Reuters Fri, 18 Jan 2013 13:45:53 +0000 Thomson Reuters 5736126 at http://www.globalpost.com MARKETS GLOBAL-Shares retreat on consumer sentiment, yen falls http://www.globalpost.com/dispatch/news/thomson-reuters/130118/markets-global-shares-retreat-consumer-sentiment-yen-falls <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* MSCI world share index retreats from highest since May 2011 * Wall Street stocks falter after dip in U.S. consumer sentiment * China growth data initially boosts global recovery outlook * Japan's yen hits new lows vs dollar, euro By Herbert Lash NEW YORK, Jan 18 (Reuters) - World equity markets slipped from a 20-month high on Friday as Wall Street stocks faltered on a report showing U.S. consumer sentiment at its lowest in over a year in January, while the yen hit new lows ahead of potential asset purchases by the Bank of Japan.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130118/markets-global-shares-retreat-consumer-sentiment-yen-falls" target="_blank">read more</a></p> Business Economics Entertainment Recessions Thomson Reuters Fri, 18 Jan 2013 18:15:32 +0000 Thomson Reuters 5736284 at http://www.globalpost.com Fiscal woes to keep U.S. growth modest in 2013 -Reuters poll http://www.globalpost.com/dispatch/news/thomson-reuters/130123/fiscal-woes-keep-us-growth-modest-2013-reuters-poll <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Growth seen picking up in second half</p> <p>* Housing, labor market expected to improve</p> <p>* Most expect QE3 to last well into next year</p> <p>By Leah Schnurr</p> <p>NEW YORK, Jan 23 (Reuters) - The U.S. economy will grow modestly this year, dogged by fiscal policy battles in the first half yet supported by an improving housing market, a Reuters poll showed on Wednesday.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130123/fiscal-woes-keep-us-growth-modest-2013-reuters-poll" target="_blank">read more</a></p> Business Economic history Entertainment Late-2000s financial crisis Recessions Thomson Reuters Wed, 23 Jan 2013 14:45:15 +0000 Thomson Reuters 5738317 at http://www.globalpost.com GLOBAL MARKETS-Business pickup fuel gains in shares and oil http://www.globalpost.com/dispatch/news/thomson-reuters/130124/global-markets-shares-dip-investors-brace-euro-zone-data <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* European shares gain as PMI data fuels recovery hopes</p> <p>* Chinese PMI improves from December, supporting sentiment</p> <p>* Apple's disappointing result hits tech stocks</p> <p>* Yen extends weakness against dollar and euro</p> <p>By Richard Hubbard</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130124/global-markets-shares-dip-investors-brace-euro-zone-data" target="_blank">read more</a></p> Economics European Union Procurement Purchasing Managers Index Recessions Thomson Reuters Thu, 24 Jan 2013 09:15:21 +0000 Thomson Reuters 5738708 at http://www.globalpost.com