Economic Recession
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House prices have slumped more than 10% in Northern Ireland over the last year and "lack any movement" in the rest of...
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RYANAIR has reported record annual profits of almost half a billion euro – up 25pc on the previous year.The airline...
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The treaty is intended to provide the justification for the Merkel doctrine of slashing spending, writes Pat...
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THE spiralling mortgages crisis could trigger another multi-billion recapitalisation of our banks and force Ireland into...
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Oil fell to a seven-month low near $91 a barrel Wednesday in Asia after Iran agreed to allow the U.N. nuclear agency to restart an investigation into the country's nuclear program. Mazda Motor Corp. and Fiat SpA are working together on developing and... Full Article at San Diego Local News 1
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What we have discovered recently is that not only is the quality of China's economic numbers even worse than those of the U.S. , but real time numbers indicate to us that China is probably already in a recession. Our buddy Dennis Gartman pointed me... Full Article at Seeking Alpha
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Currency traders watch monitors at the foreign exchange dealing room of the Korea Exchange Bank headquarters in Seoul, South Korea, Wednesday, May 23, 2012. Asian companies deriving significant sales revenue from exports slumped a day after the... View Photo »
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Capacity began to recover in 2010, but has since plateaued. In this latest survey, 41 per cent of respondents said their firms were operating at or near capacity - almost unchanged from where it has been for the last year and a half. That is also well below the 57 per cent reached before the recession -...
SOURCE: Ottawa Citizen -
First, exactly how weak has this recovery been? The Federal Reserve Bank of Minneapolis tracks economic performance for each recovery and compares gross-domestic-product growth and job growth, the two most important indicators of economic performance. ... Full Article at Snow Report Blog
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In the first half of 2013, the economy would contract at an annual rate of 1.3 percent, the report concluded, instead of growing by a similar rate. Slow growth would resume in the second half, it said. "Such a contraction in output in the first half of... Full Article at Economic Times
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CBO projected that the economy would contract by 1.3 percent in the first half of 2013, which would meet the traditional definition of a recession, which is when the economy shrinks for two consecutive quarters. “Such a contraction in output in the... Full Article at San Mateo Daily Journal
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Students sit down to read as a protest after police cut off the main Gran Via street during a demonstration against education cuts in Madrid Tuesday May 22, 2012. Teachers and students from every level of Spain's education system went on strike Tuesday... View Photo »
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The gaps in education by income in the U.S. impose the economic equivalent of a permanent national recession.
SOURCE: The New York Times -
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Memorial Day Sales Events Will Drive Auto Industry To 14.2 Million SAAR, According To Kelley Blue Book Analysts
Street Insider Vehicle sales accounted for half of the 2.2 percent increase in the first-quarter gross domestic product (GDP), Full Article at Street Insider
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Farmers say they can't make ends meet when milk prices are low and feed and fuel costs keep going up. "The day of the small farms I think is gone," said Steve MacLaren, 54. "A lot of people are going to hold on as long as they can, but we decided not to. Full Article at Kansas.com
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But if they were left in place, CBO says it would wring hundreds of billions of dollars from the budget that would "represent an additional drag on the weak economic expansion." The economy would rebound at a 2.3 percent growth rate in the second half... Full Article at Tampa Bay Online
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