Topic: Recessions And Depressions
FRANKFURT (Reuters) - Fiat chief executive Sergio Marchionne said the euro single currency system could "go off the rails" unless European leaders effectively resolve the current debt crisis.Marchionne, who also runs Chrysler, said markets were showing little confidence in Europe's ability to ...
WASHINGTON (Reuters) - President Barack Obama has scant time left to build the muscular economic recovery that won Ronald Reagan his re-election in 1984 after he seemed similarly at risk of being a one-term president at the half way point in his ...
During the boom years, life for Dwayne Eshenbaugh was good. And now, having lost his job, he's wondering if it just got better. An architect at one of Las Vegas' top firms, Eshenbaugh, 45, said there was no shortage of great projects ...
(Reuters) - Citigroup cuts its global growth forecasts for this year and next, with sharp reductions for the United States, euro zone and United Kingdom, as well as modest cuts for China and India.The brokerage cut its global gross domestic product (GDP) ...
France will announce a revised growth forecast Wednesday, the government said, as many economists warned it would be unable to meet the previous goal of two percent over the year.Prime Minister Francois Fillon was due to announce a raft of austerity measures ...
FRANKFURT (Reuters) - Volkswagen increased vehicle sales in July sharply and said it remained on track for further growth, signaling that economic weakness has so far not had a material impact on its business."The Volkswagen Group is maintaining its growth trajectory with ...
IMF chief Christine Lagarde on Monday warned governments not to slash spending to avoid sparking a new recession and stalling the feeble economic recovery from the 2008 crisis. "For the advanced economies, there is an unmistakable need to restore fiscal sustainability through ...
Former US Federal Reserve chairman Alan Greenspan said Sunday he believes the financial markets will react negatively to the downgrade of the US credit rating, and will take "a while" to settle."Considering the momentum in which the market went down over the ...
Grocery store, park to replace failed condo siteThree years ago - in the waning days of Las Vegas' building boom - developers envisioned high-rise condominiums and mixed-use retail at the intersection of Stephanie Street and Wigwam Parkway, just off Interstate 215 in ...
The International Monetary Fund urged South Korea to raise its key interest rate and let the won appreciate further, saying the economy has moved beyond recovery into expansion.The IMF on Friday said in a regular report that growth is expected to remain ...
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