Group items tagged

This article explains possible actions to be taken in order to take a country out of a recessionary period. Canada is in a recession, so if the plans of the Ontario Premier are successful, then the negative effects of a recession would be lifted

This article is about how the recession has affected employment, and how in the wake of the recession the total target employment could be greater. This is indicative of the general upward trend in long-term potential output.

This article is talking about the British economy and how it managed to pull itself out of recession, but economists fear that it is only temporary since the growth rates are unstable. The government fears a "double-dip," that they might fall into recession again.

This article is about the decrease in world trade. As the world has just emerged from a recession, and many countries are still experiencing economic difficulties, aggregate demand is down. This means that people are buying less exports, decreasing world trade--all as a result of the recession.

The article explains the effects of the recession which hit our world, especially concerning the unemployment rate. It shows that unemployment in the UK is at 7.8%, and how government investment is proving the Keynesian curve, through fixing the economy.

This article from the Wall Street Journal describes the economic problems faced by Greece and the effect on the European Union because of the 2007-09 financial crisis. It was recently revealed that the last government of Greece left a huge amount of hidden debt, hidden with the help of Goldman Sachs. The Greek economy has since moved into a recession.

Because of financial pressures and donations falling due to the recession, will have to cut costs and minimize welfare for animals. The number of abandoned pets is increasing due to the recession and because of the financial pressures, the RSPCA has to start turning away abandoned pets and only take in ones that have been seized by inspectors in cruelty cases or those which are at immediate risk or cruelty. This article shows that even animal welfare is being affected by the recession.

This article is about Washington's plans to increase pollution taxes, which would supposedly increase state revenue by 225 million. This tax would have the double benefit of relieving the recession-hobbled state budget and encouraging environmentally friendly business practices.

This article is talking about Spain cutting some of its costs because they will still be in recession for another year. the negative externalities of doing this could be people losing their jobs, and Spain going into an even deeper recession.

Sara, this can not count as a megative externality, methinks.

This Article Talks about how America has Hit a Recession that has impacted the Lower Waged Wokers the Hardest. According to the study, approximately 50 percent of households in the bottom decile of American income distribution are underemployed; in the second lowest decile, 37 percent of households can't find enough work. The authors write: "These extraordinarily high rates of labor underutilization among these two income groups would have to be classified as symbolic of a True Great Depression."

The article mentions about United State's debt expanding like a baloon, soon to blow up and fail the economy. During a recession, the govenrment must keep on running the economy even at budget deficit so they must keep on borrowing money. Yet, these loans must be returned in some way, and article reports a possible higher tax coming soon to compensate the loans.

This article addresses the various interest rates that the Reserve Bank of India is currently dealing with. As of now, most banks have said that "they are unlikely to raise interest rates in the immediate future." However, in dealing with the global recession, many changes are necessary and unavoidable.

With the current recession, many consumers have switched from luxury car brands to inferior ones. With the decrease in income, people have switched to car brands that are more affordable but still enable mobility. As a result, the luxury car industry has seen a decrease in sales from previous years.

Almost one in three public sector employers plan to shed jobs this quarter. Markets keep on chrashing due to economic ressesion. and people constantlt lose their jobs. However, there was better news from the private sector, which expects to see staff numbers grow for the first time since the start of the recession.

One of the macroeconomic goals is economic growth. This article discusses Japan losing its title as the second-largest economy in the world to China. Japan however is not worried because their economy is growing after their recession and that is what matters, not the title.

In this article, the EU has come up with a strategy to improve the economy and pull itself out of recession. This shows the Keynesian view because the EU is trying to reach the third stage of the Keynesian view.

This article is talking about how the unemployment rate has only been increasing drastically over the course of the recession going up to an increase of 10%.

Obama visited Iowa to make a speech about his future plans for econommic expansion and recovery of the middle class who have been hit hard by the recession. His stimulus package involves the investment into clean energy which have been criticizd for its validity and effectiveness.

This article reports on the closing of a high-end steakhouse in Vancouver. The demand for expensive food has dropped as incomes have faller due to the recession. This means that this sort of fancy restaurant has a positive income elasticity. As income falls, demand falls.

Along with the many countries throughout the world experienced harship over the economic recession, Canada was also one of them. Despite this crucial damage, Canada is starting to show some improvements from the damage. A Vancouver-based company, Telus Corp. annouced that there had been a weak eocnomic growth in the industry.