Skip to content

Tag Archives: Recession

Germany & France Say Goodbye To Recession

15-Aug-09

As most economies struggle to make it out of the downturn, Germany and France said goodbye to recession and hello to economic growth in Q02 2009! Both countries reported economic growth of 0.3% during the period, pleasantly surprising analysts who had expected a 0.3% contraction for the European economies. Unfortunately, the improved performance was not [...]

Filed in Economies | Also tagged , | Comments (0) »

Ireland Receives Bad Standard & Poor’s Rating

09-Jun-09

The Irish Republic (Ireland) received another round of bad news as Standard & Poor’s Ratings Service (S&P) lowered its sovereign debt rating for the second time this year. S&P cut the rating on Ireland’s government debt by one level to AA from AA+. Just three months ago, the former ‘Celtic Tiger’ had its top-notch AAA [...]

Filed in General | Also tagged , , , , , | Comments (0) »

Australia Dodges Recession

04-Jun-09

Australia surprised the world as news broke that it is still dodging the global recession that has hit virtually every other nation. Australia’s Prime Minister Kevin Michael RUDD announced that the island-continent was the only advanced economy not in the midst of a downturn currently, though he added that the country is still at risk [...]

Filed in General | Also tagged , | Comments (0) »