Recession
Economy’s recovery is not normalPosted by RJ and Makay on Apr 05, 2012 |
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While recent economic data has pointed to a firming economy on some fronts, studies by the International Monetary Fund show that recoveries from recessions characterized by severe financial crisis are different from recoveries out of more normal recessions. Aftermaths of financial crisis typically have more prolonged periods of high unemployment and depressed housing prices.
U.S. has avoided a second recession: Deutsche BankPosted by RJ and Makay on Dec 13, 2011 |
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The United States will avoid falling back into another recession, according to Benjamin Pace, U.S. chief investment officer at Deutsche Bank Private Wealth Management. Pace made the statement at a press briefing today where he said that there were a number of legitimate concerns about the direction of the economy this past summer.
U.S. economic growth outlook declines for 2012Posted by RJ and Makay on Nov 15, 2011 |
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The Philadelphia Federal Reserve’s fourth-quarter survey of 45 economists indicates that gross domestic product (GDP) is expected to grow at an average annual rate of 2.4% in 2012, down from an estimate of 2.6% in its third-quarter survey. Also, 2013 growth estimates were ratcheted down to 2.7% from 2.9%. Economic growth predictions for the current quarter held steady at 2.6%, while the estimate for 2011 rose slightly to 1.8% from 1.7%.
Daniel J. Boorstin (American social historian and educator, 1914)
