Question by Lena A: What’s with the media trying to cause a recession?
The media keeps reporting that we’re heading for a recession, but the data doesn’t support that. Even Yahoo’s finance poll has been asking the same question, “Is the U.S. economy headed for a recession?” for the past month and the count of votes never changes. Why is that? Is this just attempt to affect the results in the upcoming election?
I just noticed that yahoo finance deleted their poll question. Good for them!

Best answer:

Answer by P F
bad headlines are much more enticing than a newspaper mast head that reads “Decent Chance that Everything Will be Fine in a Month or So”

Add your own answer in the comments!

Uk Economy Exits Recession

The UK economy has finally brought some good news after figures today confirmed the country’s exit from recession. The economy grew by 0.1% in the last three months of 2009.

However, the rate at which the economy grew was weaker than expected.

BBC chief economics correspondent Hugh Pym said: “We can say that Britain has just crossed the line in coming out of recession

“It [the growth rate] was below analysts’ expectations. The figure could be moved down, or indeed upwards.”

In the previous six quarters the economy shrunk, marking the longest period of contraction since quarterly figures first began being recorded in 1955.

There have been some recent tell-tale signs that the economy was headed for recovery, for example last week UK unemployment dropped for the first time in 18 months. However, the Bank rate remains at it’s record low of 0.5%, keeping rates on mortgages and savings accounts down.

The UK was the last major economy to remain in recession.

Germany and France – Europe’s two biggest economies, both exited recession last summer. Japan and the US also came out of recession last year.

Some economists believe the move out of recession was boosted significantly by the government car scrappage scheme.

Joe Grice, from the Office for National Statistics (ONS), said that both the UK’s production and service sectors grew by 0.1% during the last quarter of 2009.

The ONS figures also showed that GDP dropped by a record 4.8% in 2009.

The UK first fell into recession in the second quarter of 2008.

Throughout the 18 months of recession, public borrowing increased to an estimated £178bn, while output fell by 6%.

After the GDP figures were published, John Wright, chairman of the Federation of Small Businesses, said that the recovery remained “frail”.

“In order to strengthen the recovery it is important that we boost consumer confidence and demand and that interest rates are held steady as continued investment in the economy will be the key to ensuring a sustainable recovery,” he said.

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Lachlan Young’s piece for the 2007 Chobitto festival. Version at the festival included english subtitles, like “economy” and “recession”
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Question by justagirl: Where did we get the idea that a “recession” only occurs after 2 qtrs of declining GDP?
“The media, and many economists, usually describe a recession as two consecutive quarters of declining real gross domestic product. The term real means after adjusting for inflation.

The actual definition is more complicated.

The National Bureau of Economic Research, widely acknowledged as the official dater of business cycles, defines recession as a “significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production and wholesale-retail sales.”
So GDP is only one of five main indicators the bureau considers when dating economic expansions and contractions.

Nobody is sure where the shorthand definition came from.

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/03/04/BUAHVCU21.DTL

Does anybody here know what the experts don’t? Where did this shorthand come from?
What is BDS?
Libsticker — According to the article on wikipedia, recessions are usually only identified after we are through one. The period of declining GDP is the recession, but it can’t be acknowleged until after the fact. So it seems as if we would be going through one currently which will only be identified at the end of 2008, no?

Best answer:

Answer by f0876and1_2
i think it’s just a fairly reliable and general guideline to help get a rough grasp of a real recession. a half a year of economic downturn is just enough for people to really start feeling it, so i guess it was just decided that was a pretty good benchmark. it was probably invented over the years by economics teachers or something to make it easier to explain to students

Add your own answer in the comments!

Question by enormous: The Democrat party controls Capitol Hill and the White House, how much longer before they fix the “recession”?
Unemployment is rising.

Deficit tripled.

Economy is getting worse.

Best answer:

Answer by saq428
You ever try to fix something you were the cause of? Rather hard to do when you are constantly in denial.

What do you think? Answer below!

Question by Da Chestnut: What is a “recession” and what is it caused by?
How do these causes actually effect the economy (e.g. increased printing of money causes inflation lowering value of dollar). Plus If the loss of the value of the dollar is caused by the increased printing, why don’t we just stop? I’m not exactly well educated in the subject and thorough answers would be helpful. Like with BASICS working the way up.

Best answer:

Answer by Lunar Dave
A horrible, lying, traitorous President and his minions. It’s true, check your history books.

Give your answer to this question below!

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Financial Crises and Rec. in Global Economy [Used] Price Comparison

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