The US economy shrank for a second straight quarter. While some call that a recession or a strong sign of one, a financial economist explains why the term probably doesn’t yet apply.
A soft landing may be out of the Fed’s reach.
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The Federal Reserve is expected to lift interest rates a half point at its next meeting and more in the coming months, but it may be too late to forestall an economic downturn.
A ‘V’ recovery is seen as the best way to bounce back from a recession.
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New data shows the Great Recession hurt older, poorer Blacks and Hispanics the most. The pandemic downturn is likely to be even worse for them.
President Muhammadu Buhari raises his fist during an inspection of honour guards on parade to mark Democracy Day in Abuja, on June 12, 2019.
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This recession is not like any other in living memory. Phase one involved a massive supply shock. Phase two will involve dealing with a collapse in demand.
The Fed is ‘making’ a lot of money.
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A growing number of investors, policymakers and others say the US economy may be at risk of spiraling downward. A finance professor explains how to ride it out.
Both opposition leader Bill Shorten and prime minister Scott Morrison dodged the question about maintaining a surplus no matter what.
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The collapse of an obscure corner of the financial market a decade ago foreshadowed the Great Recession. The stock-market swoon in February should offer a similar warning.
Unemployed South African workers wait for scarce jobs as the economy struggles to create employment.
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South Africa has recorded two consecutive GDP contractions. What does it mean?
Australia would need to avoid consecutive quarters of negative real GDP growth until at least 2024 if it is truly to be able to claim this “world record” as its own.
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Stock markets have been falling all year on concern the world risks slipping into a recession, which begs the question: how would we know if we were in one?
Thousands of civil service employees gather during a protest march for higher pay at the Union Buildings in Pretoria in 2010.
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South Africa’s government should urgently announce a moratorium on civil service employment growth. The country has reached its upper limit in the number of civil servants that can be sustained.