Recession
Finland in double-dip recession
June 09, 2010Finland's economy slipped back into recession during the first three months of 2010, official figures have shown. During the January to March quarter its economy contracted by a seasonally-adjusted 0.4%, after a decline of 0.2% in October to December...
Stock markets and euro jitter on double-dip fears
June 07, 2010European stock markets have been hit by volatility amid renewed fears of a double-dip recession. The FTSE 100 declined by 1.7% in the first hour of trading before recovering, while Asian markets also tumbled, following disappointing US jobs data released...
Washington DC: World finance leaders cheered by signs of recovery
April 24, 2010By William Ide Global economic leaders declared Friday that the world economy is recovering better than expected from its worst recession in decades, and committed to continue efforts to ensure a sustained worldwide rebound. Friday's meetings of central...
Ben Bernanke: Economic recovery in US looks real and sustainable
April 15, 2010Michael Bowman Upbeat US economic news boosts hopes for sustained recovery In U.S. economic news, retail spending surged last month amid continued low inflation - a sign that Americans believe better economic times lie ahead. Meanwhile, the head of...
Obama: Financial reform will 'prevent bailouts'
April 15, 2010U.S. President Barack Obama is urging lawmakers to pass a bill that he says will prevent a repeat of the financial crisis that plunged the U.S. and global economies into recession. Wednesday, the president rejected Republican criticism of the proposed...
Obama welcomes job report, critics say figures well below expectations
April 02, 2010By Dan Robinson President Barack Obama is pointing to the latest monthly U.S. government employment report saying it shows his policies are continuing to be successful in helping the nation recover from the economic recession. The president says despite...
British PM: Rough economic times ahead
March 11, 2010By Sonja Pace British Prime Minister Gordon Brown says the country's economic recovery remains fragile and requires a steady hand to guide it through rough times ahead. It was billed as an important economic address and British Prime Minister Gordon...
US consumer spending up slightly amid weak recovery
March 03, 2010By Mil Arcega The U.S. Commerce Department says consumer spending rose more than expected in January, up half a percent. Analysts say it's another indication that the U.S. economy is on track to climb out of the worst recession since the 1930s. But...
Scary map: U.S. unemployment rates by counties 2007-2010 (video)
February 22, 2010According to the U.S. Department of Labor's Bureau of Labor Statistics, there are nearly 30 million people currently unemployed -- that's including those involuntarily working parttime and those who want a job, but have given up on trying to find one...
Obama confronts US debt, more Americans file for jobless benefit
February 19, 2010By Michael Bowman President Barack Obama announced a bipartisan commission on Thursday to tackle mounting U.S. federal budget deficits that economists say imperil the nation's economic future. The president acted to correct America's long term fiscal...