The UK is officially in recession - but what does that mean? Warning bells have been sounding for months over the risk of the economy slipping into recession. The rule of thumb is that when the economy shrinks for six months in a row, it's in a recession. But what happe...
The Belt and Road Initiative is a creative development that takes on and carries forward the spirit of the ancient silk routes – two of the great achievements in human history and civilization. It enriches the ancient spirit with the zeitgeist and culture of the new era, and provides a platf...
Diaz, Kevin
"It is not just the fact that the U.K. has officially entered recession that will cause concern; it is the size of the contraction," economist...
THE EXPERTS GIVE THEIR RECESSION VERDICTS; as the UK Is Officially Classed as Being in a Double-Dip Recession, Political Editor David Williamson Asked Three Eminent Welsh Economic Experts Their Thoughts on How the Government Should Deal with the Situation...
A recession is commonly defined as two back-to-back quarters of shrinking GDP, although, in the U.S., recessions are officially called by a panel of economists who take multiple factors into account. Economic toll avoided up until now ...
What confirms my point is that with all the talk of a possible or existing recession, not a single mention is ever made about how increases in productivity from technology will pull us through. That is counter to the recessions of the past 25 years. Whether it was the early 80s, the 90...
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The crisis led to the Great Recession, resulting in high unemployment and large drops in economic output, as well as increased government intervention in the economy. Though the recession officially ended in mid-2009, the global economy continued to feel its effects for several more years. 6. ...
The gold standard is a monetary system in which a currency's value is pegged to gold. England was the first country to officially implement the gold standard, coinciding with its large discoveries of the metal. The Bretton Woods Agreement established that the U.S. dollar was the dominant rese...