The Perfect Storm of a Global Recession

Unfortunately, the Great Recession of 2008 2009 is far from being a normal global recession.

How to Avoid a Double Dip Global Recession

First, the US and global economies remain mired in recession.

Now they face a second blow from the global recession.

This is the worst US and global recession in 60 years.

Otherwise, the risk of another global recession will continue to rise.

With the imminent threat of global recession, austerity measures are not the way to correct global imbalances.

The global recession has simply brought that problem forward a few years.

Oil prices also played a role in the recent finance driven global recession.

While a global recession will be averted, a severe growth slowdown will not.

Singapore is the first Asian country to be hit by the global recession.

As Prime Minister since 2004, his success story continued even during the global recession.

The talk now is of a global recession that will be steep and prolonged.

Still, this global recession will continue for a longer period than the consensus suggest.

MUNICH With the United States teetering into recession, the global economic boom has ended.

And what could ultimately arise from this worrying situation is a global recession. A world recession would have disastrous consequences for the economies of developing countries.

Yes, within the next three to five years, there will probably be another global recession.

And any additional shock could tip this unstable global economy back into full fledged recession.

Despite an unprecedented global recession, India remained the second fastest growing economy in the world.

What has not been avoided is a recession that will be deep, long, and global.

Nevertheless, slower growth or possibly a recession in the world s largest economy inevitably has global consequences. There will be a global slowdown.

COPENHAGEN With a worldwide recession advancing, strong action on global warming has been thrown into jeopardy.

Coupled with fears of a double dip recession in the United States, the European debt crisis is dragging the global economy into another cycle of financial panic and economic recession.

During the global recession in 2009, Africa and Asia were the only two regions where GDP rose.

Wen s words were like warm milk to the recession numbed audience of global political and business leaders.

The global economy was just emerging from the deepest recession in the post World War II period.

LONDON I have become increasingly less hopeful about prospects for a rapid recovery from the global recession.

WASHINGTON, DC Roughly one year ago, the global economic situation looked grim a severe global recession, sizeable wealth destruction, and declines in trade and employment.

Today, 20 months into the US recession a recession that became global in the summer of 2008 with a massive re coupling the V shaped decoupling view is out the window.

But inflation pressures will be even worse if the US recession remains mild and global growth remains solid.

With a global recession a near certainty, deflation rather than inflation will become the main concern for policymakers.

No, the main cause of the recent recession is surely a global credit boom and its subsequent meltdown.

Just consider how the current bout has raised global inflation, lowered incomes of the global poor, weakened the dollar, deepened the US trade deficit, aggravated global financial instability, and increased the likelihood of a global recession.

Whereas oil speculators have gained, both the US and global economies have suffered and been pushed closer to recession.

That is why ongoing dysfunction in the US financial system has helped to fuel such a deep global recession.

If that happens, oil prices could rapidly spike and, as in the summer of 2008, trigger a global recession.

HELSINKI One early result of today s global recession is that many donor governments are trimming their foreign aid programs.

STOCKHOLM The looming global recession has brought government intervention to save failing companies to the forefront of economic policy.

CAMBRIDGE The bursting of America s housing bubble in the summer of 2006 triggered the global financial crisis and recession.

Indeed, China s exports fell by 16 year on year in 2009, owing to the global financial crisis and recession.

I believe that we have entered a period of weakening across the different parts of the global economic system, and that this may lead to a global recession.

Between 1999 and 2009, global R D spending grew at an average annual rate of 7 , accelerating to 8 during the last five years, despite the global recession.

All three challenges are interconnected, and mistakes by any of the parties could plunge the global economy into another recession.

To be sure, IMF Managing Director Dominique Strauss Kahn recently called for a global fiscal response to the worsening recession.