International Business News - Recession http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif If the U.S. economy isn't already in a recession, it likely will be soon, according to a Friedman Billings Ramsey analyst. FBR analyst Steve East issued a research note Friday predicting that the standard definition of a recession--two consecutive quarters of decline in gross domestic product--will be met in this year's fourth quarter or next year's first quarter. http://www.ibtimes.com/articles/20080815/ahead-of-the-bell-fbr-analyst-predicts-recession.htm Fri, 15 Aug 2008 09:10:39 EDT As a global recession looms, what better way to cope than to eat, drink and be merry? Even as consumers face soaring energy costs, rising food prices and higher mortgages or rent, it seems clear they're not prepared to forgo many of life's little treats--alcohol, cigarette and candy makers are all reporting healthy sales amid the gloom. http://www.ibtimes.com/data/articleimgs/107639-recession-party.jpg http://www.ibtimes.com/articles/20080812/recession-eat-drink-smoke-and-be-merry.htm http://www.ibtimes.com/articles/20080812/recession-eat-drink-smoke-and-be-merry.htm Tue, 12 Aug 2008 16:54:20 EDT The New Zealand economy has slipped into recession after two quarters of negative economic growth, the government's key economic advisory agency, the Treasury, said Tuesday. http://www.ibtimes.com/articles/20080805/treasury-says-new-zealand-economy-in-recession.htm Tue, 05 Aug 2008 03:30:32 EDT Economists from the Wachovia Economics Group said that Florida is officially in a recession. In a report released Thursday, Wachovia analysts said Florida's economy declined at its sharpest rate in 16 years during 2008's second quarter. http://www.ibtimes.com/articles/20080801/wachovia-economists-say-florida-is-in-recession.htm Fri, 01 Aug 2008 12:44:14 EDT A year-long global credit crisis may hit bottom soon, but the threat of more banking losses and slower growth for global economies is mounting, senior Wall Street analysts said on Friday. http://www.ibtimes.com/articles/20080725/crisis-recession-analysts-global-credit-crisis.htm Fri, 25 Jul 2008 21:44:04 EDT New Zealand's Treasury department warned Tuesday that the country's economy may have slipped into recession, after contracting in the three months ended March 31. http://www.ibtimes.com/articles/20080708/nz-treasury-economy-may-be-in-recession.htm Tue, 08 Jul 2008 15:43:11 EDT New Zealand's Treasury joined economists Tuesday in warning that the country's economy may have slipped into recession after recording negative growth in the three months ended March 31. http://www.ibtimes.com/articles/20080707/new-zealand-treasury-economy-may-be-in-recession.htm Mon, 07 Jul 2008 21:48:50 EDT Ireland's economy shrank 1.5 percent in the first quarter of 2008, offering the first official evidence that this long-booming country is heading for its first recession in 25 years. http://www.ibtimes.com/articles/20080630/irelands-economy-shrinks-1-5-percent.htm Mon, 30 Jun 2008 13:00:23 EDT Like a lot of people, Nate Towne is cutting back on spending. He's carpooling to work and only shops at grocery stores that take coupons or offer discount "rewards" cards. http://www.ibtimes.com/data/articleimgs/77705-recession-proof-candy.jpg http://www.ibtimes.com/articles/20080623/candy-a-sweet-spot-in-sour-economy.htm http://www.ibtimes.com/articles/20080623/candy-a-sweet-spot-in-sour-economy.htm Mon, 23 Jun 2008 16:53:22 EDT Economic activity contracted in New Zealand in the first three months of the year compared with the previous quarter as domestic demand softened, a bank survey showed Wednesday, further raising the risk of a recession this year. http://www.ibtimes.com/articles/20080521/bank-survey-recession-looms-in-new-zealand.htm Wed, 21 May 2008 03:48:49 EDT U.S. stocks rose on Monday, lifting the Standard & Poor's Index to a four-month high, after data suggesting the U.S. economy may not be in recession which helped to overcome concerns over record crude oil prices, while technology shares were boosted as deal talks between Microsoft and Yahoo have been resumed. http://www.ibtimes.com/articles/20080519/stocks-microsoft-yahoo-recession-exxon-oil.htm Mon, 19 May 2008 12:35:47 EDT The souring job market and rising costs of the usual teenage indulgences - a slice of pizza, a drive to the mall, the hottest new jeans - are causing teens to do something they rarely do: be thrifty.... http://www.ibtimes.com/data/articleimgs/40538-teen-recession.jpg http://www.ibtimes.com/articles/20080417/teens-turn-to-thrift-as-jobs-vanish-and-prices-rise.htm http://www.ibtimes.com/articles/20080417/teens-turn-to-thrift-as-jobs-vanish-and-prices-rise.htm Thu, 17 Apr 2008 15:25:57 EDT Hospitals, schools and the assembly line at an airplane factory look like pretty good places to be with a recession looming and unemployment rising. Construction workers, real estate agents and auto ... http://www.ibtimes.com/data/articleimgs/38446-recession-jobs.jpg http://www.ibtimes.com/articles/20080407/job-winners-and-losers-in-hard-times.htm http://www.ibtimes.com/articles/20080407/job-winners-and-losers-in-hard-times.htm Mon, 07 Apr 2008 03:25:37 EDT Dismal employment data released Friday isn't just the latest sign the U.S. economy is in recession, it's also a warning that this one could hurt more than the previous two. The loss of almost 250,... http://www.ibtimes.com/articles/20080404/likely-recession-brings-more-job-losses.htm Fri, 04 Apr 2008 17:39:47 EDT Dismal employment data released Friday isn't just the latest sign the U.S. economy is in recession, it's also a warning that this one could hurt more than the previous two. The loss of almost 250,... http://www.ibtimes.com/articles/20080404/more-job-losses-coming-amid-recession.htm Fri, 04 Apr 2008 17:06:36 EDT If history is any guide, government efforts to combat recessions often come too late to do much good. Furthermore, such efforts can sow the seeds for the next downturn. The news Friday that the U.S.... http://www.ibtimes.com/articles/20080404/federal-recession-fighting-record-mixed.htm Fri, 04 Apr 2008 16:33:41 EDT Federal Reserve Chairman Ben Bernanke said on Tuesday that the economy could possibly slip into recession later this year but would quickly rebound in the second half of the year. http://www.ibtimes.com/articles/20080402/ben-bernanke-joint-economic-committee-washington-bear-stearns-recession.htm Wed, 02 Apr 2008 16:36:34 EDT Las Vegas would like to hold on to one myth in particular these days: Gambling is recession proof. http://www.ibtimes.com/data/articleimgs/36321-gambling-recession-proof.jpg http://www.ibtimes.com/articles/20080325/economy-deals-gambling-biz-weak-hand.htm http://www.ibtimes.com/articles/20080325/economy-deals-gambling-biz-weak-hand.htm Tue, 25 Mar 2008 14:42:17 EDT It's been almost an article of faith: Any recession this year will be mild and brief. But now the stunning meltdown of a top Wall Street investment bank and stubbornly persistent financial market turbulence has called that into question, raising fears that severe problems in housing and the nation's bedrock financial system could cripple the economy and wallop many millions of Americans. http://www.ibtimes.com/articles/20080321/financial-market-turmoil-raises-worries.htm Fri, 21 Mar 2008 16:43:24 EDT Hollywood thrives when the economy dives. It was true during the Depression, when Americans managed to scrape together nickels and dimes for an escape to the movies. And as the prospect of another recession looms, studio executives say this time is no different. http://www.ibtimes.com/articles/20080310/as-economy-dips-hollywood-usually-booms.htm Mon, 10 Mar 2008 17:08:01 EDT