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EconNews Online is South-Western's service to provide summaries of the latest economics news stories. Review the brief summaries and, for stories of interest, select the full summary.
RECESSION 
Title  Brief Summary 
Leading Economic Indicators Signal Slowdown
Full Summary
The U.S. Index of Leading Economic Indicators has slipped for the third month in a row. Most economists predict that this is sign of slow growth for the U.S. economy in the months ahead.
(Updated November 2005
German Economy on Brink of Recession 
Full Summary
After four years of lackluster growth, the German economy may well be facing recession. Economists have come to admit that the economy may be suffering from fundamental weaknesses.
(Updated June 2005
Is the Recession Really Over? 
Full Summary
According to the National Bureau of Economic Research the U.S. economy has been out of a recession since November 2001. This report comes at a time when the U.S. economy is still experiencing slow job growth. With employment numbers dropping over the past five months, some worry that even though the recession has been reported as over; there could be another on the horizon.
(Updated August 27, 2003
Some News is Good 
Full Summary
With analysts uncertain as to the future direction of the economy, the latest data on wholesale prices and new claims for unemployment insurance provided some hopeful signs of a continued recovery.
(Updated September 1, 2002
Brazil Si, Argentina No 
Full Summary
The Bush Administration has proposed a $30 billion relief package for Brazil, but there has been no reconsideration of our position towards Argentina.
(Updated September 1, 2002
Going, Going, Hopefully Gone 
Full Summary
To the surprise of many, the estimate of the GDP for the fourth quarter of 2001 rose 0.2 percent. GDP figures will be revised next month, but if the revised numbers continue to show an increase, the current recession will have ended.
(Updated March 20, 2002
A Shrinking Product 
Full Summary
Gross Domestic Product (GDP) declined in the third quarter of this year at an annual rate of 1.1 percent. The GDP figures, as reported by the Commerce Department, represent the worst quarterly performance in a decade.
(Updated January 15, 2002
Gloom in the Forecast 
Full Summary
Although most economists are predicting a mild recession with recovery in the second-quarter of 2002, some believe it will be the worst in 20 years. A prolonged U.S. recession could trigger a world-wide recession, further aggravating U.S. problems.
(Updated December 1, 2001
Border Crossing 
Full Summary
The fallout from the terrorist attacks on the United States has impacted the Canadian economy, possibly throwing it into recession. The damage and disruptions resulting from the terrorist attack on September 11 has weakened both the United States and Canadian economies.
(Updated October 1, 2001
A Stitch in Time Could Be Harmful 
Full Summary
Alan Greenspan and Treasury Secretary Paul H. O'Neil say the government should not rush to adopt measures to stimulate the economy. The economy is expected to decline for a short time, in part due to the terrorist attack on September 11.
(Updated October 1, 2001
Signs of Some Slowing 
Full Summary
The Index of Leading Indicators declined in August by 0.3 percent for the first time since March. The decline illustrates that even before the terrorist attacks of September 11, the U.S. economy was slowing.
(Updated October 1, 2001
Hard Landing Ahead 
Full Summary
There is a mounting body of evidence that the economy is slowing. Stephen Roach, chief economist at Morgan Stanley Dean Witter, argues that the economy has stalled and that another shock, perhaps in the form of another decline in the stock market, could bring a recession both here and abroad.
(Updated January 1, 2001
Ups and Downs
Full Summary
First it was the Asian financial crisis that sent South Korea's economy into a tailspin. A remarkable recovery followed, until the second quarter of 2000, when South Korea's growth slowed. Many fear that incomplete reform efforts, a-not-as-favorable international climate, and rising oil prices will slow economic growth considerably.
(Updated November 1, 2000)
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