“The bear market will not be over until recession arrives—or the risk of one is extinguished,” Morgan Stanley has warned clients. more...
In the Euro Zone, Recession Is Not Quite Over, Economists Say Many people probably thought the euro zone recession ended about a year ago when output began growing again. Not so, a group of leading economists argued this week. Growth is still too weak and unemployment too high to declare the recession over, economists at the Center for European Policy Research said. At best, they said, the recession that began in 2011 is merely ...
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