Job Market Monitor
Double-Dip
Eurozone – On brink of double-dip recession
The eurozone is on the brink of following Britain into a double-dip recession after its economy shrank between April and June. GDP across the 17-nation bloc fell by 0.2% in the second quarter of this year and economists believe the downturn is continuing. Better-than-expected figures from Germany and France were offset by sharp contractions elsewhere, … Continue reading
UK double-dip recession: been there before
With Britain now in a double-dip recession for the first time since the turbulent 1970s, Panorama’s Adam Shaw offers an analysis of the nation’s ability to revive its finances and asks if the poor are increasingly being left behind. We have indeed been here before. The last time we found ourselves in such dire economic … Continue reading
The Euro Area Double Dip Recession
The latest reading of composite PMI for the 17-country region fell to 46.7 this month, even worse than an earlier flash reading of 47.4. Source: Read More @ The Euro Area Economy Is Deteriorating At A Disastrous Pace – Business Insider.
UK | Will barely avoid a double-dip recession says Ernst and Young ITEM Club
The UK has narrowly avoided a double-dip recession but will struggle for the rest of the year unless businesses stop hoarding cash and start investing, a forecaster warned today. Emergency measures from the Bank of England, European Central Bank and US Federal Reserve have boosted confidence and stabilised financial markets, pulling the UK back from … Continue reading
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