While the Great Recession has exacerbated these trends, they were apparent long before its onset.

Austerity might have worsened the slump temporarily, but it did deliver fiscal sustainability without permanent damage to the economy.

PARIS With the deepening of the economic crisis and the prospect of another recession looming large on the horizon, growing social inequality has become an increasingly urgent issue.

Spain s financial exposure to Portugal and its housing led recession don t help matters.

America s financial crisis has triggered a severe credit crunch that is making the US recession worse, while the deepening recession is leading to larger losses in financial markets thus undermining the wider economy.

Indeed, this was the trap faced by Argentina in 1998 2001, when needed fiscal contraction exacerbated recession and eventually led to default.

The resulting recession might fuel further pessimism and cutbacks in spending, deepening the downturn.

The recession exacerbated such views in 2009, one half of the US public favored allowing fewer immigrants, up from 39 in 2008.

Of course, a US recession will also bring further Fed interest rate cuts, which will exacerbate problems later.

As the Commission has requested, countries with stronger fiscal positions should consider slowing their consolidation efforts in order to avoid aggravating the recession.

As declining consumer confidence and household purchasing power deepen the recession, projections of when the crisis will end are repeatedly pushed back, and those bearing the brunt of austerity are losing hope.

Worsening impact of AIDS

One is the recession that the recession has caused us to rethink our relationship with the things in our lives relative to the value so starting to align the value with the true cost.

The recession exacerbated such views, and in 2009 half of Americans favored reducing legal immigration, up from 39 in 2008.

A Euro now costs around 1.60, up from 0.90 in January 2002. Yet the Fed, in its desperation to avoid a US recession, keeps pouring more money into the system, intensifying the inflationary pressures.

Secular Stagnation for Free

Double Dip Days

Imagining Recession

Recession Insurance

Stagflation Cometh

A depression seemed possible.

The Recession Dating Game

Now, the recession.

While fiscal austerity may be necessary in countries with large deficits and debt, raising taxes and cutting government spending may make the recession and deflation worse.

In the days that followed, tens of thousands gathered in downtown Tunis to celebrate their deliverance from years of stagnation and uncertainty, caused by Bourguiba s worsening senility.

The Myth of Rising Protectionism

Banks magnify the boom by making credit too easily available, and they exacerbate the bust by withdrawing it too abruptly.

Having moved from stagnation to expectation, stagnation cannot again be allowed to take hold.

The Problem With Secular Stagnation

Dog Days For The Super Dollar

Secondly, declining funding worsened the progress.

Let us work together to avert the escalation of conflict situations.

Markets don t care that front loaded fiscal consolidation is exacerbating recession and thus making the goal of reducing debt and deficits as a share of GDP near impossible to achieve.

America s 2001 recession was one brief, mild double dip.

How to Avoid a Double Dip Global Recession

The Perfect Storm of a Global Recession

lead us forward out of this recession.

If the reality is stagnation,

Whereas oil speculators have gained, both the US and global economies have suffered and been pushed closer to recession. In the case of the US, heavy dependence on imported oil has worsened the trade deficit and further weakened the dollar.

Immigration exacerbates both aspects of the problem.

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

That is partly because the job losses during the Great Recessionwere so large twice as large as those of previous recessions since the Great Depression.

The recession was inevitable.

Stagnation is the main threat.

Have the Japanese people opted for it?