Recession News

US: Fears of deep economic recession as fiscal austerity looms

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.

In the Media by JohnThomas Didymus - 1 comment

The state of British retail: 1 in 10 shops empty

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.

In the Media by Tim Sandle - 3 comments

Spain vows to stop eviction of neediest after suicides

On Monday, Spanish Economy Minister Luis de Guindos vowed that no needy family would have to go homeless over mortgage arrears.

In the Media by Raluca Besliu - 1 comment

Op-Ed: Recession leads to steep decline in Canadian quality of life

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.

In the Media by Ken Hanly - 1 comment

Europe closer to recession as GDP declines in second quarter

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.

In the Media by Ken Hanly - 1 comment

Major loss for drug company Orexigen

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.

In the Media by Tim Sandle - 1 comment

Minimum standard of living beyond majority

Increasing numbers of British people have insufficient income to meet minimum requirements to participate in society, claims new study.

In the Media by Steve Hayes - 6 comments

Spain slips back into recession

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.

In the Media by Amanda Payne - 2 comments

America's apartment shortage: Why there isn't enough to go around

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.

In the Media by Tucker Cummings - 1 comment

Review: America — Home of the homeless

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.

In the Media by Alexander Baron - 7 comments