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Topic: Economic recession

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Economic depression

	Recession - Wikipedia, the free encyclopedia
		Market-oriented economies are characterized by economic cycles, but actual recessions (declines in economic activity) do not always result.
		Recessions are caused by a combination of endogenous cyclical forces and exogenous shocks.
		However, Japan suffered from a depression during the 1990s, and the former Communist states of Central and Eastern Europe also fell into an economic depression during the first decade of their transition to capitalist economics.
	en.wikipedia.org /wiki/Recession (600 words)

	Early 2000s recession - Wikipedia, the free encyclopedia
		The Early 2000s recession was felt in mostly Western countries, affecting the European Union mostly during 2000 and 2001 and the United States mostly in 2002 and 2003.
		The Early 2000s recession had been predicted by economists for years, since the boom of the 1990s, which was accompanied by both low inflation and low unemployment, had already ceased in East Asia during that region's 1997 economic crisis.
		It can be argued that the recession lasted from 2000 through 2003, inasmuch as the average unemployment went up from 4.0% to 6.0% during this period (reaching a high of 6.5% in June 2003), before finally dropping to 5.6% in 2004.
	en.wikipedia.org /wiki/Early_2000s_recession (1538 words)

	The NBER’s Recession Dating Procedure
		The period from a peak to a trough is a recession and the period from a trough to a peak is an expansion.
		Because a recession influences the economy broadly and is not confined to one sector, the committee emphasizes economy-wide measures of economic activity.
		In determining whether a recession has occurred and in identifying the approximate dates of the peak and the trough, the committee therefore places considerable weight on the estimates of real GDP issued by the Bureau of Economic Analysis of the U.S. Department of Commerce.
	www.nber.org /cycles/recessions.html (2600 words)

	Stagflation - Wikipedia, the free encyclopedia
		Stagflation, a portmanteau of the words stagnation and inflation, is a term in macroeconomics used to describe a period characteristic of high inflation combined with economic stagnation, unemployment, or economic recession.
		The rise of conservative theories of economics, including monetarism, can be traced to the failure, or perceived failure, of Keynesian policies to combat stagflation, or even properly explain it.
		Supply-side economics asserts that the contraction component of stagflation was caused by the inflation induced rise in real tax rates (see bracket creep).
	en.wikipedia.org /wiki/Stagflation (1253 words)

	Anticipating the Effects of an Economic Recession on Florida's Budget
		While earlier recessions were generally characterized by an increase in "blue-collar" unemployment (about a 50% increase) verses an unemployment increase of 20% for "white-collar" workers, in the 1990-91 national recession, blue-collar unemployment increased 43% and white-collar unemployment increased by 34%
		During the year, as the recession took hold, actual revenue receipts and revenue projections for the remainder of the year were significantly lower than the initial General Revenue appropriation, necessitating a budget adjustment (Total General Revenue receipts for the full fiscal year totaled $10.115 billion).
		Assuming that the next recession will be of the same magnitude as the 1990-91 recession (only one of a number of possible scenarios that could occur), the direct recession costs would also increase 76.1%.
	www.floridataxwatch.org /archive/recess2000.html (1607 words)

	Recession - Why Do We Have Recessions?
		The cause of recession is explored using a thought experimentabout the smallest economic unit capable of experiencing recessions.This is characterised as a trading village.
		A computer simulation of the modelis proposed to determinewhether the drift into recession is gradual or subject to a tipping point.
		Given a rich enough view, the world can be thought of as a multitude ofthings and stuffs which interact with one another - be they atoms, people,household goods, countries or oceans - and we rely on parts of this multitudewhen we describe the world.
	www.1stannex.com /theory/recession.htm (257 words)

	World Press Review - World Economic Recession
		And yet the encouraging news is that, so far at least, instead of retreating into a cocoon of economic nationalism, the world’s political leaders have emerged unbound from narrow national constraints in the seven weeks since Sept. 11.
		This threat is, of course, that of a universal economic collapse following a world recession, massive unemployment, and the demolition of the world’s financial and trading order.
		The Press (conservative), Nov. 9: As the world appears to be heading toward a global recession (optimists think it will be shallow and mild and over by the middle of next year; pessimists believe it could be the worst since the 1930s), the need for open trade is as great as ever.
	www.worldpress.org /0102views_economy.htm (608 words)

	Economists say recession began in March - Nov. 26, 2001
		The previous record for uninterrupted economic growth was set in the 1960s, a period of eight years and 10 months lasting from February 1961 to December 1969.
		The most common definition of a recession is two or more quarters of a shrinking economy; the nation's gross domestic product, the broadest measure of economic activity, fell 0.4 percent in the third quarter and many analysts said it is probably declining more sharply in the current quarter.
		NBER's statement said its determination of a recession is based on monthly rather than quarterly data that it believes are a more accurate gauge of the state of the economy.
	money.cnn.com /2001/11/26/economy/recession (760 words)

	The American Experience \| Reagan \| People & Events \| The 1982 Recession
		The program was based on supply side economics: Tax cuts, the theory went, would allow people either to spend more on goods and services, thus giving the economy a boost, or to invest in businesses, thus leading to economic growth.
		The country lived through the recession for a full year before Reagan finally admitted publicly that the economy was in trouble.
		Unemployment, as high as ten percent in 1982, had improved enough by 1984 for his popularity to be restored, and by the November presidential election, it was hard to believe that a second term was ever in doubt.
	www.pbs.org /wgbh/amex/reagan/peopleevents/pande06.html (782 words)

	Will there be an Economic Recession, Depression, or Stock Market Crash in 2006 or 2007? - How will the World Economy ...
		Also, investment and economic agreements with Russia should be avoided, watch out for a mother bear that has lost its cubs-- as Russia has lost its former satellite countries; although Russia is helping the U.S. in the War against Terrorism, I think that this relationship could change and investment in Russia should be avoided.
		Generally, the U.S. economic pattern of recessions or depressions every 30 or 60 years is related to the 29.4 period of revolution around the Sun of the planet Saturn.
		During a recession or depression, Keynes said that a government should not worry about budget deficits, in fact by Government spending to create jobs and public works projects, and deliberately running large deficits, the country can be pulled out of the recession or depression.
	www.revelation13.net /economy.html (2159 words)

	Russia, U.S. Economic Recession
		By tradition US recessions are not official until recognised by the National Bureau of Economic Research.
		It was hoped at the time that the recession would not spread to the basic industries and manufacturing in general.
		Being late in acknowledging a recession is important politically because it tends to delay anti-cyclical measures and make them less effective.
	www.cdi.org /russia/Johnson/5576-10.cfm (889 words)

	Econbrowser: recession Archives
		All but one of the recessions in the United States since World War II have been preceded by a dramatic increase in oil prices.
		The Bureau of Economic Analysis yesterday released its advance estimates for the third quarter, reporting real GDP grew at an annual rate of 3.8%.
		The Bureau of Economic Analysis today released its advance estimates for the second quarter, reporting real GDP growth of 3.4%, implying a very slight increase in the recession probability index to 4.7%.
	www.econbrowser.com /archives/recession (2308 words)

	RTE Business - US report and figures ease fears of economic recession
		The US economy was expected to continue its record expansion this year, although with slower growth, and avoid falling into recession as some doomsayers have been predicting, according to the president's annual economic report published today.
		The economy is in a record 10th year of expansion since the last recession ended in March 1991, but a recent slowdown has stirred some fears that another recession might be on the horizon.
		The '2001 Economic Report of the President' - the last for President Bill Clinton's administration before he leaves office on January 20 - forecast slowing economic growth, a slight increase in the unemployment rate and inflation kept in check this year.
	www.rte.ie /business/2001/0112/us.html (502 words)

	Q & A - Economic Recession & Divorce
		Yes, unless you are at such a low rung of the economic ladder that your financial picture cannot become worse during a recession.
		In a recession there is a lack of faith in the economy overall.
		Thus, in a recession the payout figure to the other spouse for the business should be less than during good times and the advantage to the business owner is that after the recession the value of the business should rise again.
	www.gitlin.com /pages/questions/qa_economic.html (875 words)

	Tutor2u - Understanding the Economic Cycle
		Indeed the current upturn in the economic cycle is the longest period of economic growth for over thirty years.
		Interest rates rose from 6% to 7.5% between the summer of 1997 and the spring of 1998; and the Bank raised interest rates again during the latter half of 1999 in a bid to reduce the rate of growth of demand.
		An economic slump is a prolonged and deep recession leading to a significant fall in output and average living standards.
	www.tutor2u.net /economics/content/topics/econgrowth/cycles.htm (798 words)

	Economic recession, structural adjustment and health
		The disease burden and pattern experienced by the peoples of underdeveloped countries are strikingly similar to those of 19th century Europe, i.e., they are primarily diseases of underdevelopment and poverty, not a feature of warm climates in the tropics.
		In general, sustained economic growth over the long run does lead to improved health and nutritional status: in the now-industrialised countries the large and sustained decline in mortality has been accomplished by reductions in morbidity (disease) and malnutrition, and largely preceded any effective medical interventions.
		Given the foregoing, it is clear that in assessing the impact of structural adjustment on health services and health status, it is necessary to analyse the impact of factors operating both inside and outside the health sector, and that a range of health outcomes must be examined.
	www.twnside.org.sg /title/sap-ch.htm (2173 words)

	economic recession
		Even if a recession isn't in our near future, a slowing economy could have implications for those in the green industry.
		Even if we avoid a recession, an economic slowdown may lead to changes in new construction for the green industry.
		According to Robert A. Murray, vice president of economic affairs for F.W. Dodge, “The slowing economy and tighter lending conditions in 2001 will make it difficult for the construction industry to see another year of expansion.” However, he says those in construction-related industries have reason to remain optimistic.
	grounds-mag.com /mag/grounds_maintenance_heading_recession/index.html (410 words)

	When will this economic recession end? (Site not responding. Last check: 2007-10-29)
		So, when Bush came in, after this confused mess, after this crisis in the election, I made a forecast, in January, saying what was going to happen to the Bush Administration.
		So, then they had the Reichstag Fire, which was organized by Goering, in Feb. 27 of 1933; on Feb. 28, 1933, a dictatorship was established in Germany, which never quit until the end of the war.
		And, we must also move toward measures of economic recovery, which are largely in large-scale infrastructure project stimulus, in rails, power generation and distribution, water management; keep the airline system alive, don't let it sink; rebuild the health-care system; rebuild the educational system, and a few things like that.
	larouchein2004.net /pages/questions/youth/030426wccs004.htm (1537 words)

	Reasons for a US economic recession
		The obvious first major harmful economic effect is that domestic producers lose an equal amount of domestic spending and income creation to foreign producers, and that today in a staggering annual amount of more than $800 billion, equal to about 7% of nominal GDP.
		In this respect, we are a great believer in the axiom of Austrian theory that every crisis is broadly proportionate to the size of the excesses and imbalances that have accumulated during the prior boom.
		The most important thing to realize is that the spending and debt excesses that have accumulated in the US economy and its financial system on the part of the consumer during the past 10 years are altogether of a size that vastly exceeds the potential for debt service from current income.
	www.dailyreckoning.co.uk /article/09082006.html (2442 words)

	Media Matters - Backdating the Recession: A Report by Media Matters for America
		Through most of 2001, the "inherited a recession" line slowed to a trickle, though during a roundtable discussion on FOX News in March, anchor Brit Hume suggested that it was Democrats who were trying to manipulate the public's impression of when the recession began:
		Suddenly the Republican line that Bush had "inherited" a recession was everywhere: Conservative guests on news programs repeated it with impunity and were almost never corrected by their hosts; meanwhile, TV news reporters routinely quoted or paraphrased Republican officials, almost always failing to correct them.
		The recession officially began in March of 2001 -- two months after Bush was sworn in -- according to the universally acknowledged arbiter of such things, the National Bureau of Economic Research.
	mediamatters.org /items/200405010002 (3426 words)

	Maldives Falls into Severe Economic Recession
		The main cause for the economic misery was the drastic drop in the numbers of tourists visiting Maldives following the December 26th Tsunami.
		Economic woes forced Gayoom to make an emergency increase in the government’s budget to the tune of some Rf 1.8 billion ($140 million) in August.
		The economic crisis could not come at a worse time for President Gayoom.
	www.minivannews.com /news/news.php?id=1172 (347 words)

	Economic History - Recession and Recovery
		The reality is we are in a recession that began in March 2001.
		The current recession is looked upon as nothing more than an excess inventory accumulation problem.
		The fact that stocks are rising, real estate remains strong, and the dollar is up are taken as evidence of the wisdom of policy makers in bringing about a recovery.
	www.usagold.com /gildedopinion/puplava/20011207.html (4210 words)

	americas.org - Economic Recession (Site not responding. Last check: 2007-10-29)
		Despite improvements in the state oil industry the economic recession continues, with the currency having lost more than half its value in the last year and a half.
		The economy has shrunk by 29 percent during 2003, aftering contracting by eight percent last year, and two-thirds of Venezuelans are living in poverty.
		To combat the recession Chavez has ordered a firing freeze in effect since April to be extended another six months, and the minimum wage was raised by 10 percent on July 1.
	www.americas.org /item_13282 (187 words)

	Consumer spending in retail sector drives compensation higher in spite of economic recession.
		We constantly hear that economic recession might curb consumer spending would decrease, affecting retailers nationwide.
		Whether one attributes this to “recession plays”, such as outlet centers and grocery-anchored neighborhood shopping centers, or simply consumer confidence, retail real estate did well in 2001.
		Although most analysts and economists predict an end to the recession by late 2002, real estate tends to lag the economy by a year or so, adding to the uncertainty facing these companies.
	retailtrafficmag.com /mag/retail_consumer_spending_retail/index.html (1456 words)

	Ohio CPAs Predict Economic Recession (Site not responding. Last check: 2007-10-29)
		DUBLIN, Ohio (January 3, 2001) -- While analysts and stock experts argue in New York over the future of the U.S. economy in 2001, a majority of CPAs in Ohio are predicting a recession in their state within the next two years, according to a poll conducted by The Ohio Society of CPAs.
		Forty percent of CPAs anticipate that the recession will begin in the second quarter of the year.
		"These results demonstrate a notable shift in economic confidence moving forward and are due in large part to a new presidential administration and continuing stock market fluctuations," said Mark B. LaPlace, CPA, chair of The Ohio Society of CPAs' board and a partner with GBQ Partners LLP in Columbus.
	www.nysscpa.org /home/101/1week/printversion10.htm (220 words)

	Correspondence on economic recession in the US
		But whether or not the US experiences a recession or undergoes a Japan-style deflation in the immediate period, the more important question is the longer-term historical issues raised by the present situation.
		The ICFI explained that the demise of the Stalinist regimes signified not the end of socialism, but rather the breakdown of the Cold War mechanisms through which the contradictions of global capitalism had been regulated in the post-war period.
		It is therefore significant that in seeking to find explanations for the present situation economists are recalling the type of economic processes that erupted so explosively in the first part of the 20th century.
	www.wsws.org /articles/2001/mar2001/corr-m28_prn.shtml (1047 words)

	Last Economic Recession Began Under Clinton, Despite Rewrites By The Left by Don Luskin -- Capitalism Magazine (Site not responding. Last check: 2007-10-29)
		The first major article posted on the Media Matters website is an attempted exposé of the often-heard conservative claim that the last economic recession began during the Clinton administration — or, in other words, that it was already underway when George W. Bush took office in 2001.
		The reality is that the National Bureau of Economic Research is just like any other group of economists, struggling with partial and imperfect information to characterize phenomena that don't have any hard-and-fast definitions.
		Of course, liberals are not at all happy with NBER's judgment that the recession that began in March 2001 ended only eight months later, in November 2001.
	www.capmag.com /article.asp?ID=3691 (1157 words)

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