Global recession
hideA global recession is a period of global economic slowdown. The International Monetary Fund (IMF) takes many factors into account when defining a global recession, but it states that global economic growth of 3 percent or less is "equivalent to a global recession". By this measure, three periods since 1985 qualify: 1990-1993, 1998 and 2001-2002.
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News tagged with global recession
Drug industry embraces new business strategies after tough year
Dec 09, 2009 |
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As they pop the champagne corks to celebrate New Year's Eve, drug industry executives will likely be glad to put 2009 behind them. That's because pharmaceutical companies who make top-selling drugs for heart ...
Medical aid group raises alarm about AIDS funding
Medicine & Health / HIV & AIDS
Nov 05, 2009 |
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(AP) -- The global recession and pressure to divert funds to other health crises are hurting the fight against AIDS, a medical group warned Thursday, with one health worker saying he feared a return to the days when the ...
Australian PM vows to create 50,000 'green' jobs
Jul 30, 2009 |
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(AP) -- Australia's prime minister promised Thursday to create 50,000 "green" jobs and apprenticeships to combat climate change and unemployment simultaneously.
MSF: AIDS drug shortage threatens Africa
Medicine & Health / HIV & AIDS
Jul 18, 2009 |
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(AP) -- Doctors Without Borders warned on Saturday that a chronic shortage of drugs to treat AIDS in six African countries could cost thousands of lives and reverse progress made on the continent most afflicted by the disease.
Report: Worst may be over for US tech market
Jun 30, 2009 |
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(AP) -- As bad as the technology market fared in the first quarter of this year, the worst may be over, at least in the United States, Forrester Research said in a report Tuesday.
Book industry meets over uncertain future
May 30, 2009 |
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Publishers, booksellers and authors are holding a major annual convention in New York this week as the industry reels from a global recession and readers migrate to digital formats.
Consumers remain upbeat
May 19, 2009 |
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Despite the global recession and the crisis in the banking sector, consumer confidence in financial services remains intact, according to a report compiled for the Nottingham University Business School.
Japan's top chipmaker Toshiba posts record loss
May 08, 2009 |
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(AP) -- Japan's top chipmaker Toshiba Corp. tumbled to a record annual loss amid sinking global demand that has forced it to cut thousands of jobs.
Hynix reports sixth straight quarterly loss
Apr 24, 2009 |
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South Korea's Hynix Semiconductor, the world's second-largest computer memory chipmaker, Friday reported a sixth straight quarterly loss due to weak chip prices sparked by a global recession.
Gambling ban would reverse recession, new book says
Apr 16, 2009 |
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Legalized gambling is weighing down a global economy already mired in its deepest downturn since the Great Depression, according to a new collection of research that renews decades-old calls to outlaw betting.
Japanese firms in talks on microchip merger
Apr 16, 2009 |
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Renesas Technology Corp. and NEC Electronics Corp. are in merger talks to create Japan's top chipmaker as they seek to survive the global recession, reports said Thursday.
Nintendo not planning price cuts for hit machines
Apr 09, 2009 |
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(AP) -- Nintendo has weathered the global recession because of the popularity of its game machines and won't be resorting to price cuts to boost sales, the company's president said Thursday.
