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UK Facing Recession Threat After Brexit Vote

Sky News - ‎Jul 22, 2016‎
A recession is defined as two quarters in a row of contraction - last seen in Britain during the financial crisis of 2008-2009.

Moscow's building boom belies recession

Financial Times - ‎20 hours ago‎
The embrace of cutting-edge urban design is also a reminder of Russian officials' enduring fondness for massive, lengthy, and high-priced infrastructure projects - even in the midst of a grinding recession. Workers are digging up 52 streets in the ...
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Tim Kaine, Hillary Clinton's VP Pick, Can Tout Virginia's Performance During Recession

Wall Street Journal (blog) - ‎18 hours ago‎
Democratic vice presidential pick Tim Kaine, now a U.S. senator from Virginia, can make a rare claim among governors who served during the Great Recession: His state never stopped growing. Tapped as Hillary Clinton's running mate, Mr. Kaine brings ...
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Nigerian Economy 'Technically in Recession,' Says Finance Minister

Newsweek - ‎Jul 22, 2016‎
Nigeria's economy is “technically in recession” but citizens should not be worried about the future, according to the country's finance minister.

Scotland's papers: Munich gun attack and recession fears

BBC News - ‎11 hours ago‎
The front pages of Saturday's Scottish papers are dominated by the gun attack at a shopping mall in Munich. The Daily Record tells how at least nine people died in a "terrorist gun rampage" in the German city.

Deutsche Bank: There's Still One Indicator That's Warning of Recession

Bloomberg - ‎Jul 22, 2016‎
The U.S. unemployment rate is below five percent, manufacturing is picking up, and jobless claims are falling, but Deutsche Bank AG says there's still reason to worry about a recession. According to the firm's Chief U.S. Economist Joseph LaVorgna ...

Recession's ripples still roil Burien couple's river of debt

The Seattle Times - ‎4 hours ago‎
Their reserves are meager. The household's savings consists of Staci Erickson's individual retirement account and a 401(k) with her current employer.
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Another major bank thinks that Brexit will push the UK into a recession

Business Insider - ‎Jul 20, 2016‎
Another one of the world's biggest financial institutions has predicted that the uncertainty surrounding the UK's future following the vote to leave the European Union will push the country into recession by the end of 2016. In a new note to clients ...
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UK economic activity plunges at fastest pace since depths of last recession, after Brexit vote

Herald Scotland - ‎20 hours ago‎
UK economic activity has tumbled at the fastest pace since the depths of the last recession in the wake of the Brexit vote, with sharp contractions in both the services and manufacturing sectors.
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Brexit to Spark U.K. Recession, Forecasters Say

Bloomberg - ‎Jul 20, 2016‎
The U.K. economy may be heading for its first recession since 2009, with economists slashing their forecasts in the wake of the Brexit vote and now seeing two quarters of contraction this year.

I'll reset economy to beat recession, vows Hammond

The Times (subscription) - ‎20 hours ago‎
Tax and spending policy could be “reset” if the economy takes a downturn after the vote to leave the European Union, Philip Hammond said yesterday.
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Sterling tumbles as poor UK data stoke recession worries

BDlive - ‎Jul 22, 2016‎
NEW YORK - World stock prices slipped modestly on Friday, while sterling dropped on bleak data that raised fears about a possible British recession following the country's June 23 vote to leave the European Union. The key US S&P and Dow equity indexes ...

Recession Hits UK Within a Year, Says BlackRock Analyst (BLK)

Investopedia - ‎22 hours ago‎
Britain's decision to leave the European Union will send it into a recession within the a year, according to Richard Turnill, chief investment strategist at BlackRock, Inc. (BLK), the world's largest asset manager.
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Video: Recession warning as pound hits 7-year low

Belfast Telegraph - ‎Jul 22, 2016‎
Video: Recession warning as pound hits 7-year low. Published 22/07/2016. 0 Comments; Share. Facebook · Twitter · Google · Email.
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UK faces short recession as Brexit uncertainty hits house prices, consumer spending and jobs, EY predicts

The Independent - ‎Jul 18, 2016‎
The UK is to endure a “short shallow recession” at the turn of the year as the uncertainty following Britain's vote to leave the EU will hit consumer confidence, push down house prices and weaken the job market, an economic forecasting group predicts ...

Stocks fall, UK PMIs flash Brexit recession warning

Daily Mail - ‎Jul 22, 2016‎
British purchasing managers data showed manufacturing and services activity plunged in July, a fall consistent with a broader 0.4 percent economic contraction in the third quarter and raising the probability of recession. "It wasn't exactly a big ...

UK Probably Still Heading for a 'Brexit Recession' Based On Evidence So Far, Say BofAML Analysts

Pound Sterling Live - ‎Jul 21, 2016‎
“The data so far give us little cause to shift our economic forecasts. We look for a very mild UK recession (three quarters of -0.1% growth) followed by a gradual recovery as uncertainty fades.

Labor force dynamics in the Great Recession and its aftermath: Implications for older workers

Brookings Institution - ‎Jul 21, 2016‎
Unlike workers in prime-age and younger groups, however, older workers also saw a sizeable decline in exits to nonparticipation during and after the recession. While the surge in exits from employment to unemployment tended to reduce the employment ...