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Topic: Late 1980s recession

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Late eighties recession

History of the Canadian economy

Economy of Canada

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	CNN - Economic changes blamed for IT labor shortage - February 9, 1999
		There was a recession in the late 1960s.
		Although demand for IT workers slumped in some regions and industries during the recession of the early 1980s, the decade saw an overall upturn in demand for IT professionals.
		Then came the downturn in the national economy in the late 1980s.
	www.cnn.com /TECH/computing/9902/09/career.ent.idg/index.html (1248 words)

	Atlas - Colombia Map
		Nevertheless, Colombia was one of the few Latin American countries not to suffer a debt crisis in the 1980s, and in many ways during that decade it had the healthiest economy in the region.
		In the late 1980s Colombia had about 235 institutions of higher education; total enrollment in 1996 was 644,200.
		In the 1980s, there were continued signs of change in the orthodox norms and patterns of family life, resulting from the high rate of rural-to-urban migration, the growth of urban industrial centers, and accompanying socioeconomic developments.
	map.freegk.com /colombia/colombia.php (3154 words)

	Late 1980s recession - Definition, explanation
		The recession of the late nineteen-eighties was an economic recession that hit much of the world beginning in 1987.
		Like all recessions the one of the late eighties and early nineties had a deep impact on society.
		Perhaps the most lasting result of the recession was its impact on Eastern Europe and the Soviet Union.
	www.calsky.com /lexikon/en/txt/l/la/late_1980s_recession.php (520 words)

	Late 1980s recession - Biocrawler (Site not responding. Last check: )
		According to the economists' definition of a recession, two quarters of negative growth, the late eighties recession only covered a brief period in 1987 (although not in the United States), and another in 1990-1991.
		While Canada enjoyed a brief recovery in 1994 the recession is believed to have lasted longer there due to the gross fiscal mismanagement of the Mulroney government and the stress placed on the economy by the spectre of Quebec separatism.
		More closely enmeshed in the world economy than ever before the teetering communist regimes may very well have been pushed over the edge by the recession of the late 1980s ending the Cold War and leading to an unprecedented increase in democracy around the world.
	www.biocrawler.com /encyclopedia/Late_1980s_recession (576 words)

	FRB: Speech, Ferguson--A Retrospective on Business-Cycle Recoveries: Are "Jobless" Recoveries the New ...
		However, because this recession included neither the typical sharp decline in purchases of durable goods nor the usual deceleration in outlays for other types of personal consumption, we have not seen the sharp increases in these areas that often follow a trough.
		Similarly, real residential investment continued to expand during the recession, and although the rate of growth was relatively subdued, it bore no resemblance to the sharp declines that characterized every previous recession in the post-World War II period; the acceleration since the upturn began has been relatively subdued as well.
		In contrast to earlier recessions, which were often sparked by tightening monetary policy, the 1990 recession was triggered by a pullback in aggregate demand not induced by monetary policy.
	www.federalreserve.gov /Boarddocs/speeches/2004/20040721/default.htm (3415 words)

	Is a Recession Imminent? (2006-32, 11/24/2006)
		The sharp slowdown in housing and the inverted yield curve have led to concerns that the odds of a recession have risen.
		Our review of the evidence suggests two conclusions: First, recessions appear difficult to predict; second, while the probability of a recession over the next year may now be somewhat elevated, it does not appear to be nearly as high as the yield curve suggests.
		Their recession index (which estimates the probability of recession six months hence) and variations thereof are themselves a function of two indexes for Leading and Coincident Indicators.
	www.frbsf.org /publications/economics/letter/2006/el2006-32.html (1614 words)

	The Australian: Recession was 'inevitable': MacFarlane [ 03dec06 ] (Site not responding. Last check: )
		Mr Macfarlane said that, at the end of the 1980s expansion, the economy was overstretched in a number of ways and the country was vulnerable to any contractionary shock to the economy itself or to confidence.
		Mr Macfarlane said other people had made the point that the 1980s expansion had caused the 1990 recession but were simply trying to absolve the Government from blame or the Reserve Bank from responsibility.
		Mr Macfarlane said the lessons of the 1970s, 1980s and 1990s was that no country with an entrenched inflation problem had been able to significantly reduce inflation without it occurring in the context of a recession.
	www.theaustralian.news.com.au /printpage/0,5942,20863964,00.html (287 words)

	Revenue Crisis?
		In the late 1970s and early 1980s, state and local revenues, as a percent of personal income, fell sharply because of one-time effects of tax reduction and the 1981-82 recession, but revenues recovered vigorously after those years.
		Then, the recession of the early 1980s, which was more acute in California than in many other states, further lowered revenues as a share of personal income.
		Absent any major tax reductions, when the recession ends, revenues should continue their long-term upward trend, although growth may be slower than it was in the 1980s, since most economists are predicting slower economic growth.
	www.caltax.org /research/revspnd.htm (1493 words)

	1980s
		In the US, "yuppie" entered the lexicon for the 1980s well-publicized rise of a new middle class within in the upper economic strata; college graduates in their late 20's/30's entering the workplace in prestigious office professions, holding more purchasing power in trendy, luxurious goods.
		Political events the 1980s culminated in the toppling of military governments and authoritarian regimes, as well as the downfall of the military juntas of Brazil, Chile, Uruguay and Argentina.
		In the United States, the 1980s were symbolized by the presidency of Ronald Reagan from 1981 to 1989 (a period termed the "Reagan Years") as it epitomized the rise of conservatism as the dominant creed in American political and cultural life.
	www.brainyencyclopedia.com /encyclopedia/1/19/1980s.html (6717 words)

	The Dispatch - Serving the Lexington, NC - News (Site not responding. Last check: )
		According to the widely-used definition of a recession, two quarters of negative growth, the late eighties recession only covered a brief period in 1987 (although not in the United States), and another in 1990–1991.
		The first burst of the recession was short-lived, as fervent pre-election activity by the governments of the United States and Canada created what many economists at the time saw as an economic miracle a growing consumer confidence and increased consumer spending almost single handedly lifted the North American economy out of recession.
		While Canada enjoyed a brief recovery in 1994, the recession is believed to have lasted longer there due to the stress placed on the economy by the spectre of Quebec separatism.
	www.the-dispatch.com /apps/pbcs.dll/section?category=NEWS&template=wiki&text=Late_1980s_recession (606 words)

	State Rainy Day Funds: What to Do When it Rains?, 1/31/02 (Site not responding. Last check: )
		In this recession, states appear largely to be using budget cuts as the first response to developing budget gaps.
		The recession, as formally defined, is likely to end late in the current fiscal year or early in the next year, according to consensus economic forecasts.
		Recessions typically last less than a year, and never in the last half-century more than 16 months, suggesting that the current downturn will end by spring or summer.
	www.cbpp.org /1-31-02sfp2.htm (4105 words)

	Explaining Japan's Recession - Mises Institute
		If the 1980s asset bubble is ignored, and Japan's stock market is viewed between 1989 and 1992, a massive withdrawal of confidence occurred in the business community and investment collapsed, causing the Nikkei index to fall more than 60 percent.
		The recession or depression that follows an artificial boom is not something to avoid but is essential to the alignment of consumer time preferences and the structure of production.
		According to Austrian theory, the late 1980s boom was artificial, caused by the Bank of Japan's expansionary monetary policy.
	www.mises.org /story/1099 (5213 words)

	1980s - Wikipedia, the free encyclopedia
		The 1980s was also an era of tremendous population growth around the world which, along with the 1970s and 1990s, was among the largest in human history.
		During the 1980s, public bigotry became largely a thing of the past and racial prejudice lost moral acceptance; also during the decade, the popularized concept of multi-culturalism, particularly in advertising, first appeared.
		Music in the 1980's was characterized by simpler and cheaper electronic sounds accomplished through the use of synthesizers and keyboards, along with drum machines.
	www.search.com /reference/1980s (6271 words)

	1
		During the 1980s, economic growth in Sweden was at about the same level as in the rest of Western Europe.
		By late 2000, the jobless rate had dropped to the government’s target level of 4%, due to the creation of new jobs as well as the expansion of openings in municipal adult education due to the Adult Education Initiative and of openings in the higher education system.
		The construction downturn should be seen in light of the rapid expansion that occurred during the late 1980s.
	www.amchamswe.se /web/economy.htm (4126 words)

	Labor market left behind
		In the recessions/recoveries of the early 1980s and early 1990s, the weak job market was most costly in terms of job opportunities to those with the least education, and it was less severe for those with more years of schooling.
		Figure 12 shows that median wages rose throughout the recession, growing 2% annually between the first quarter of 1998 and the end of the recession in the fourth quarter of 2001 (by way of comparison, at a similar point in the late 1980s, real median wages were flat for women and falling for men).
		Today's weak labor market was borne of a recession that resulted largely from the bursting of bubbles in the stock market and technology sector and was exacerbated by a liberal dose of corporate malfeasance.
	www.epinet.org /content.cfm/briefingpapers_bp142 (6272 words)

	Personal Income in the Texas Recession - Houston Business, July 2005 - FRB Dallas
		The data show a recession driven mainly by decline in the Texas Triangle cities—the heart of the Texas economy and home to 62.7 percent of the state’s population in 2003, 66.1 percent of employment and 71.1 percent of personal income.
		The recession was strongly centered in the large cities of the Texas Triangle, probably driven by downturns in oil and high tech and the aftermath of 9/11.
		In late June, there were signs that spot prices were generally stabilizing, and respondents in both the olefins and vinyl chains reported improvements in orders.
	www.dallasfed.org /research/houston/2005/hb0505.html (1999 words)

	State Rainy Day Funds and the State Budget Crisis of 2002-?
		By comparison, when the recession of 1990-91 began, only 35 states had rainy day funds, their rainy day balances amounted to less than 1 percent of expenditures, and total balances amounted to less than 5 percent of expenditures.
		In both previous national recessions, state budgets were squeezed by revenue shortfalls and increases in necessary entitlement expenditures.
		During the recessions of the early 1980s, states confronted the "new federalism" policies of the Reagan administration, which shifted responsibility for funding many programs from Washington to the states.
	www.urban.org /publications/1000609.html (1090 words)

	The Yakuza Recession
		What is more, the economist said, those links suggested that the yakuza, far from being just a motley band of pimps, drug pushers, gamblers and extortionists-with only a peripheral role in their nation's multibillion dollar banking crisis-were in fact one of the most significant obstacles to its resolution.
		Since the start of the "yakuza recession" quite literally scores of Japanese politicians have been embarrassed by allegations of or arrested for taking kickbacks, including 10 fingered last month for rigging public-works spending contracts in return for some ¥100 million in bribes.
		The yakuza are suffering from the recession as much as anyone and are looking for alternative sources of income all the time.
	www.fsa.ulaval.ca /personnel/vernag/EH/F/noir/lectures/the_yakuza_recession.htm (3299 words)

	How the 'recession we had to have' built a decade of prosperity - Opinion - www.smh.com.au
		What has been lost from the debate is the fact that two monumental structural changes occurred as a direct result of the recession, and that these two changes are the pillars on which the prosperity of the past decade rests.
		By the end of the 1980s, the Accord had kept wages in check and promoted a major shift from wages to profits, which reversed the disastrous consequences of the Whitlam and Fraser years.
		Notwithstanding the 1991-92 recession, the architects of current prosperity are Paul Keating, Kelty and Bernie Fraser.
	www.smh.com.au /news/Opinion/How-the-recession-we-had-to-have-built-a-decade-of-prosperity/2005/02/08/1107625210623.html (1012 words)

	Whitley Products
		Beginning in the early 1980s, the Company established a niche as a Tier Two supplier when their large automotive OEM customers began to consolidate their supplier base.
		The continuing stagnation of the farm implement industry, coupled with the recession at the beginning of the decade, precipitated exiting the screw machine parts business, the closing of the Fort Wayne, Indiana facility in 1991, and the transfer of its business to both the Plymouth and Franklin operations.
		In the late 1990s the Whitley executive team decided a leaner, more efficient and flexible organization would be necessary to meet the future requirements of its customers.
	www.whitleyproducts.com /index.asp?ID=21 (268 words)

	Taking Stock: The State of the Business Recovery - Poole Speech - St. Louis Fed
		Inflation gradually fell, and by the late 1990s various measures of expected long-term inflation settled in the neighborhood of 2 to 2½ percent.
		Another part of the explanation is that this recession was concentrated in the area of business fixed investment; household spending on housing and consumer durables held up far better than usual in a recession period.
		The short 1980 recession was followed by a four-quarter recovery and then by the deep 1981-82 recession.
	www.stls.frb.org /news/speeches/2002/08_26_02.html (4320 words)

	Late 1980s recession Details, Meaning Late 1980s recession Article and Explanation Guide
		The recession of the late nineteen-eighties was a economic recession that hit much of the world beginning in 1987.
		According to the economists definition of a recession, two quarters of negative growth, the late eighties recession only covered a brief period in 1987, and another in 1990.
		The recession was triggered by the collapse of American Savings and Loan corporations.
	www.e-paranoids.com /l/la/late_1980s_recession.html (542 words)

	Reason Magazine - 10 Truths About Trade
		During the 1981--82 recession blue-collar workers bore the brunt of long-tenured displacement, but by 1991-92 more than half of the long-held jobs lost were white-collar.
		Because of the recent recession, the U.S. economy has suffered from a shortage of jobs, as evidenced by the rise in the unemployment rate.
		In the early 1980s, the coincidence of a severe recession and a string of competitive successes by Japanese producers at the expense of high-profile American industries sparked predictions of the imminent "deindustrialization" of the American economy.
	www.reason.com /0407/fe.bl.truths.shtml (3177 words)

	Why the recession was good for us - Business - Business - smh.com.au
		I believe that the financial excesses of the 1980s reached such a scale that the 1990 recession was inevitable.
		My reading of the many variables by which you could judge the depth of recessions is that most show it to be less severe than the 1982 recession, and somewhat similar to those of 1961 and 1974.
		There had been falls in inflation after the 1970s and 1980s recessions, but the falls were not large enough to leave us with an ongoing low rate of inflation.
	www.smh.com.au /news/business/why-the-recession-was-good-for-us/2006/12/01/1164777795744.html (2110 words)

	The Economic and Budget Outlook, Fiscal Years 1998-2007
		The pessimistic alternative assumes that the economy experiences a recession roughly the size of the 1990 recession sometime during the projection period.
		Because the timing of such a recession is crucial to its budgetary impact in a particular year, CBO produced two sets of deficit projections under this alternative.
		Similarly, in the pessimistic alternative with the recession beginning in 1998, the level of potential would be lower in 2002, implying a larger increase in the deficit than is illustrated in Figure 3-2.
	www.cbo.gov /showdoc.cfm?index=2&sequence=4 (4022 words)

	Roger's Opinions: Recession indicator...
		My recession forecast indicator, that I first developed in the late 1980s and have modified it since to make it more sensitive to rates, assuming a Fed funds rate of 5.5%, has now reached a level consistent with the end of "most" cyclical bear markets since 1913.
		The recession indicator is still firmly in the zone in which a recession is expected to begin no later than Q2 2001.
		By late fall through year end and early 2002, there will be little doubt that the economy is in something other than a conventional business cycle slowdown, and stocks will begin to appear much more riskier than at anytime in the past 10-15 years.
	www.suite101.com /discussion.cfm/investing/8153/365778 (373 words)

	Turkey - Human Resources and Trade Unions
		The recovery of the economy in the late 1980s appeared to improve the overall situation; manufacturing employment increased 3.4 percent per year.
		The labor force would have grown even faster during the 1970s and 1980s had it not been for a fall in the work force participation rate from about 73 percent in the 1970s to 35 percent in the early 1990s.
		The government took a more relaxed attitude in the late 1980s, but by 1994 the authorities were once again using antistrike regulations from the early 1980s to stop strikes and other job actions.
	countrystudies.us /turkey/54.htm (2400 words)

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