Russia is reeling. GDP is down nearly 9% year-over-year. The ruble has lost a third of its value since September.
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GLOBAL RECESSION
In April 2008, the International Monetary Fund (IMF) predicted that global growth would drop to 3% or less in 2008 and 2008, defining this as a global recession. The world’s riches economies are continuing to shrink, signaling that we are indeed getting closer to a global recession. This topic covers the latest news on the international economic downturn that may turn into a global recession.
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Hopes for a global economic recovery took a blow on Monday as a widening outbreak of swine flu sent stocks lower in...
A wave of corporate bankruptcies triggered by the credit crunch and deepening global recession has pushed the number of...
Distinguished guests, ladies and gentlemen, It is a pleasure for me to be here this evening and to have the opportunity...
As part of the SSON online Order to Cash series, Genpact recently held a roundtable to assess what is currently...
Despite investor worries about the U.S. debt, China's excesses and commercial real estate the world over, veteran...
If it waddles like a duck and quacks like a duck, it's a duck. If members of a club come to the rescue of a profligate...
Ignatieff apparently blamed Stephen Harper and the Conservative Party in Canada for the global economic recession, and...
This is the second of three parts Although the U.S. entered recession first, Britain and Japan—and to a lesser extent...
Feb. 6 (Bloomberg) -- Group of Seven finance ministers pledged to maintain the flow of stimulus into their economies...
Meredith Whitney is concerned about financial reform that will punish banks just for the sake of doing something.
Feb. 4 (Bloomberg) -- European Central Bank President Jean- Claude Trichet said he’s confident Greece can get its...
Feb. 3 (Bloomberg) -- Greece’s plan to cut the European Union’s biggest budget deficit won European Commission backing...
Carmakers around the world are cutting production as inventories build up to unprecedented levels. Storage areas and...
Japan’s gross domestic product contracted much more rapidly in the third quarter than initially thought, underscoring...
Leaders from established and emerging economies meet in London on April 2 under pressure to restore confidence and plot...
A high ranking official from China's central bank says China will continue to invest in the US treasury bonds...
When it comes to airports, many travelers have a simple goal: Spend as little time there as possible. With the global...
Pressure to innovate continues to mount on large enterprises with recession-hit consumers resetting their values,...
IMF Revises Up Global Growth Outlook The IMF released its update to the World Economic Outlook - a respected, useful...
The conclusion to our look at developments in the public sector at the onset of recovery…
The economy is still in the gravitational pull of the Great Recession, and all the booster rockets for getting us...
Jack Crooks writes: The U.S. has become the most significant consumer in the world when it comes to demanding finished...
Bad news keeps coming to Michigan, a state long stuck in recession and at ground zero in the national economic downturn.
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