Tag: Recession and Depression

In a Surprise, Japan’s Economy Grew in the First Quarter, Despite a Slowdown in China

TOKYO — Japan reported a surprising economic upswing in the first three months of the year, but the sunny figures belied continuing weaknesses that threaten the country’s prospects. Japan’s economy, the third largest in the world behind the United States and China, grew at an annualized rate of 2.1 percent in the first quarter of […]

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U.S. Birthrate Drops 4th Year in a Row, Possibly Echoing the Great Recession

The United States’ birthrate fell for a fourth consecutive year in 2018, bringing the number of people born in the country to its lowest level in 32 years, according to provisional figures published on Wednesday by the federal government. It said the fertility rate in the United States also fell to a record low. There […]

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How to Prepare for the Next Recession: Automate the Rescue Plan

ImageSolar panels at Nellis Air Force Base in the Las Vegas area. In 2009, the Obama administration pointed to the project as a success it wanted to emulate with its stimulus plan.CreditAirman 1st Class Nadine Y. Barclay/U.S. Air Force When the economy goes south, the United States traditionally has two ways of dealing with it. […]

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Actually, Gen X Did Sell Out, Invent All Things Millennial, and Cause Everything Else That’s Great and Awful

What is an X? An empty set, a place-holder, a nothing that fills a void until an actual something comes along. For the members of Generation X, born between 1965 and 1980, that was never us. “They have few heroes, no anthems, no style to call their own,” wrote Time magazine in a 1990 cover […]

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Why Wages Are Finally Rising, 10 Years After the Recession

For years it was the central question in an otherwise impressive recovery by the American job market: Why aren’t wages rising faster? Unemployment was low. Hiring was strong. Corporate executives were complaining that they could not find people to fill all of the available jobs. Yet workers’ paychecks were growing only sluggishly, barely outpacing inflation. […]

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As Fed Chief, Jerome Powell Navigates an Angry President and Turbulent Markets

WASHINGTON — As soon as the Federal Reserve chairman, Jerome H. Powell, finished speaking at his December news conference, it was clear, even to him, that he had blown it. Stocks were tumbling. Analysts worried that the Fed was steering the economy into recession. And President Trump was furious. Four months later, Mr. Powell and […]

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The Federal Reserve Is Courting Trouble

The Federal Reserve, along with Congress, failed to take sufficient steps to revive the economy after the 2008 financial crisis. One simple measure of the inadequacy of the government’s response is that inflation has remained persistently below the 2 percent annual rate the Fed regards as optimal, a sign of an underachieving economy. Some liberals […]

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In Puerto Rico, Building a Disaster-Proof Business Is Part of Recovery

For nearly a year after rain stopped falling on Puerto Rico, the island was without full power. For months, thousands of businesses closed and did not reopen. And for nearly as long, internet was scarce. So when Emmanuel Oquendo and Israel Figueroa Fontánez found connectivity along a central strip in San Juan known as the […]

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What the Rest of the World Can Learn From the Australian Economic Miracle

ImageCreditIllustration by Alvaro Dominguez; Photographs by Getty Images SYDNEY — One Saturday in March, in the suburbs north of Sydney, around three dozen people gathered on a lawn outside a smallish two-bedroom apartment. They were taking part in an idiosyncrasy of the Australian economic system. Here, selling a home tends to be an almost festive […]

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Stocks Fall as Bond Market Flashes a Recession Warning

The bond market smells a recession. On Friday, stock investors caught a whiff too. Economic forecasters and Wall Street traders have been watching for months as interest rates on long-term United States government bonds have dropped toward the rates on short-term debt. Investors normally demand higher yields to buy longer-term bonds, and when those long-term […]

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Turkey Enters Recession, a Blow for Erdogan as Elections Near

Turkey has entered a recession, recording two consecutive quarters of falling economic growth, according to government figures released Monday, casting a blow for President Recep Tayyip Erdogan ahead of critical local elections at the end of the month. Mr. Erdogan has led Turkey through 18 years of continuous growth — making it a leading emerging […]

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The Bull Market Began 10 Years Ago. Why Aren’t More People Celebrating?

Pablo Rochat Americans are still scarred by the financial crisis, and the fruits of this decade’s record-breaking rally fell mostly to the rich. March 9, 2019 The financial system had nearly collapsed. The deepest recession in decades was devouring over 700,000 jobs a month. Roughly $13 trillion in stock market wealth, slowly rebuilt since the […]

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Erdogan Tries to Ease the Pain of Turkey’s Bad Economy. It’s Still Hurting.

ISTANBUL — At a recent rally to open the campaign before municipal elections in March, President Recep Tayyip Erdogan was heckled by a group of public workers demanding jobs. But he was having none of it. “Do not expect anything from us,” a visibly angry Mr. Erdogan scolded the upstarts at the rally in the […]

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What to Watch For in Thursday’s G.D.P. Report

After a monthlong delay because of the government shutdown, the Commerce Department will release its preliminary estimate of fourth-quarter economic growth at 8:30 a.m. on Thursday. Here’s what to watch for. The American economy is slowing. The question now is by how much — and how far that slowdown will go. Forecasters surveyed by Bloomberg […]

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Nigeria Election Results Show Apparent Victory for President Muhammadu Buhari

ABUJA, Nigeria — President Muhammadu Buhari was poised to win on Wednesday a second term in a contest in Africa’s most populous country, where voters rejected a corruption-stained candidate in favor of a leader who promised to continue a campaign to eliminate graft. Not long after midnight, election officials finished counting the votes, making it […]

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President Buhari Wins Nigerian Election, a Referendum on Honesty

ABUJA, Nigeria — President Muhammadu Buhari of Nigeria won a second term in an election in Africa’s most populous country, where voters rejected a corruption-stained candidate in favor of a leader who promised to continue a campaign to eliminate graft. Not long after midnight Wednesday, election officials finished counting the votes, making it apparent that […]

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Housing Is Already in a Slump. So It (Probably) Can’t Cause a Recession.

The United States has had 11 recessions since the end of World War II. All but two were preceded by a big decline in the housing market. Inside that bit of trivia lie some fundamental insights into housing’s outsize role in the business cycle, along with clues to suggest that the economy is on firmer […]

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Latest Warning Sign for Markets: A Possible ‘Earnings Recession’

Fears of a looming United States recession have subsided, with investors taking comfort that the Federal Reserve will continue to support economic growth. But warning signs keep flashing about the shaky fundamentals of the economy and therefore the stock market. The latest alarm bell is that Wall Street analysts are slicing their forecasts for how […]

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