US recession may be over, but recovery will be painful: surveyOctober 13th, 2009 WASHINGTON - More than 80 percent of top US economists believe that America has started pulling out of its worst downturn since World War II, but they expect a slow and painful recovery, according to a new survey. Most economists agree the US recession that started almost two years ago is finally over, but they don't expect meaningful improvement in jobs, credit or housing for months to come, according to the survey by the National Association for Business Economics (NABE).
Worst recession since 1930s appears to be over; Fed finds most of US stabilizing or improvingSeptember 9th, 2009 Worst recession since 1930s appears to be overWASHINGTON — Economic activity is stabilizing or improving in the vast majority of the country, according to a government survey released Wednesday. The findings indicate that the worst recession since the 1930s may be over.
Federal Reserve survey: 11 of 12 regions report economic improvements, signs of stabilizationSeptember 9th, 2009 Fed survey: most of US in economic healing modeWASHINGTON — A new government survey finds the vast majority of the country reporting economic activity is stabilizing or improving, as the worst recession since the 1930s appears to be over. The Federal Reserve's snapshot of economic conditions backs predictions by Fed Chairman Ben Bernanke and most other analysts that the economy has started to grow again in the current quarter.
US economy stepped back from the brink: ObamaSeptember 9th, 2009 WASHINGTON - The US economy has stepped back from its worst recession in seven decades and is on the road to recovery, President Barack Obama said in a rare address to Congress Wednesday night. In a speech before both houses of Congress that was largely devoted to health care, Obama took credit for pulling the world's largest economy out of a deep crisis but warned there was more pain to come.
Fed findings indicate recession may be over; Fed says most of US stabilizing or improvingSeptember 9th, 2009 Fed findings indicate recession may be overWASHINGTON — Economic activity is stabilizing or improving in the vast majority of the country, according to a government survey released Wednesday. The findings indicate that the worst recession since the 1930s may be over.
New survey shows optimism for global economy at its highest level in nearly 6 yearsAugust 19th, 2009 Survey: Optimism about global economy is growingNEW YORK — A new survey by Banc of America Securities-Merrill Lynch showed optimism among portfolio managers about the chances for global economic recovery rising to their highest level in nearly six years. Three-quarters of the 204 fund managers polled in the monthly survey said they believe the world economy will strengthen over the next 12 months, the highest reading since November 2003.
Fossil anticipates recession will weigh on its 3rd-quarter, 4th-quarter profit resultsAugust 11th, 2009 Fossil expects recession to weigh on outlookRICHARDSON, Texas — Fossil Inc, which makes watches, shoes and other fashion accessories, said Tuesday that it expects the recession to weigh on both its third-quarter and fourth-quarter earnings results. The company said it anticipates third-quarter profit of 38 cents to 42 cents per share.
Fed reaches out to Americans to get more details of how crisis affected household financesJuly 27th, 2009 Fed to update its consumer finance surveyWASHINGTON — The Federal Reserve is reaching out to Americans to get a more detailed picture of how the country's economic debacles have affected household finances. The Fed, which made the announcement on Monday, is taking this step to update data that it had collected when the recession was just hitting, in late 2007.
Business forecasters see less gloomy outlook as fewer expect job cuts in months aheadJuly 20th, 2009 Company forecasters less pessimisticWASHINGTON — With the U.S. economy expected to emerge this year from the longest recession since World War II, business forecasters are feeling a bit less gloomy about the future.
Survey: Economic sentiment improves in Germany, Europe's largest economyJune 16th, 2009 Survey: Economic sentiment improves in GermanyBERLIN — Economic confidence in Germany, Europe's largest economy, improved for an eighth straight month in June, with a recovery from recession expected to come around the end of the year, a closely watched survey showed Tuesday. The Mannheim-based Center for European Economic Research, known by its German initials ZEW, said its economic sentiment indicator rose by 13.7 points in June, to 44.8 points from 31.1 the previous month.
Business outlook has improved for India Inc: CII surveyJune 8th, 2009 NEW DELHI - Despite signs of an improving economy, India Inc feels actual recovery will happen only after September, a survey by the Confederation of Indian Industry (CII) has found. According to the survey, conducted by the CII northern region, 96 percent of respondents believe a turnaround would happen only in the second half of 2009-10, thanks to the ongoing global slowdown
The survey found 72 percent of respondents expecting the economic growth to be in the range of 5-7 percent this fiscal.
Britain's manufacturing recession eased in May for third month running, survey findsJune 1st, 2009 Britain's manufacturing recession eased in MayLONDON — The recession in Britain's manufacturing sector eased for the third month running in May, a closely-watched survey found Monday, stoking hopes that the wider economy may start to recover in the second half of the year. In its monthly survey of the sector, the Chartered Institute of Purchasing and Supply said its purchasing managers index — a broad gauge of activity — rose for the third month running to 45.4 in May from 43.1 in April.
Economists hope US recession will end in 2009May 27th, 2009 WASHINGTON - A panel of top economists in the US forecast an end to the country's deep recession by late 2009, according to a survey released Wednesday. The National Association of Business Economists (NABE), which surveyed 45 economists, said the US economy had shown some signs of stabilising but would still recover more slowly than in past downturns.
Mexican government says economy in recession, could contract 4.1 percent in 2009May 8th, 2009 Mexico says its economy is in recessionMEXICO CITY — Mexico's finance secretary says the country is in an economic recession. Agustin Carstens says "it is a fact that we are in recession."
He says Gross Domestic Product could contract 4.1 percent this year, an estimate that takes into account a swine flu epidemic that forced a nationwide shutdown of many government services and businesses.
Indians most optimistic about economy: SurveyJanuary 12th, 2009 NEW DELHI - Amid a worldwide economic downturn, Indians have emerged as the most optimistic lot as people who think that their country will climb out of recession in the next 12 months, a survey said. 'Despite the global economic recession, about 51 percent Indians, the highest in the world, seem to be quite confident of the economy picking up in the near future,' said Sonia Pall, Executive Director in Consumer Research at The Nielsen Company, which conducted the survey.
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