Recession News
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Washington -
Liberal analysts are warning that a deep recession could follow implementation of spending cuts and that the experience of Europe points to the significance of government spending in a weak economy.
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As an indication of the state of the economy the British high street is at one of its lowest ever levels, with one in ten shops and retail units standing empty.
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On Monday, Spanish Economy Minister Luis de Guindos vowed that no needy family would have to go homeless over mortgage arrears.
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Waterloo -
The Canadian Well-being index shows that since the onset of the recession between 2008 and 2010, the quality of life deteroriated by 24%. Canada's GDP, in contrast, declined by only 8.3% during the same period.
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Brussels -
The EU Statistical Office, Eurostat, reports that in the second quarter of this year GDP shrank 0.2% compared to the previous quarters. The decline was both in the Eurozone and the 27 member European union.
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New York -
The drug company Orexigen Therapeutics, which specializes in anti-obesity drugs, saw a further profits loss as it declared its second-quarter results.
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Increasing numbers of British people have insufficient income to meet minimum requirements to participate in society, claims new study.
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On Monday April 23, the Bank of Spain, confirmed that the country had slipped into recession for the second time in two years, with estimates that GDP fell 0.4 percent in the first quarter of 2012.
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If you've been apartment hunting in the last few months in the U.S., you've probably noticed that many apartments seem overpriced. And with good reason: America is currently experiencing something of an apartment shortage.
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Last night, the BBC 'Panorama' programme sent its reporter Hilary Anderson to interview people who are living under canvas and worse in the land of the free and the home of the brave.
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Top News
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Recession Image

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Recession Blogs
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I just read today from my news feed a report in the Montreal Gazette that was conducted by a research group at the...
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For many people the recession is very real – it is an everyday experience that impacts where they shop, how much...
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The pharmaceutical company Sanofi is to cut 900 jobs in its French operations by 2015. The company has stated that...
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By the time you read this, the British Broadcasting Corporation will probably have picked a new Director General. I...
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By Sam Vaknin Editor in Chief of Global Politician Even under the best case scenario (in which banks take a 50%...
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