Lakshman Achuthan

Filed under: Forecasts, Bad news, Economic data, RecessionTwo questions of macroeconomic importance for investors and executives alike? How deep will the U.S. recession be, and how much fiscal stimulus will be needed to get the economy on a sustainable growth track? On the first, the recession...  

Singapore is likely to be the Asian economy that is worst affected by a United States recession, said economists. This is because it is one of the most open economies and has a large manufacturing sector.  

WASHINGTON _ It's official. The U.S. economy has been in a recession for the past year. The start of the downturn was announced Monday by the National Bureau of Economic Research. The NBER — a private, nonprofit research organization — said its group of academic economists who determine...  

Sumner Redstone fires the opening salvo in his war on debt, selling his stake in video game maker Midway Games for only $100,000.  

Dec. 1 (Bloomberg) -- The U.S. economy entered a recession a year ago this month, the panel that dates American business cycles said today, making this contraction already the longest since 1982.  

WASHINGTON -- The U.S. economy has been in a recession since December 2007, the National Bureau of Economic Research said Monday.  

(AP:WASHINGTON) National Bureau of Economic Research panel says U.S. recession began in December 2007. Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.  

The declaration is made by the National Bureau of Economic Research. The private NBER says its group of academic economists decided that the U.S. recession began last December.  

THE container shipping business is expected to grow below 6% next year due to the US recession and the contraction in the European market.  

As the US recession looms, Massachusetts and Connecticut are carving out an economic niche for gay and lesbian weddings, and the spending that comes with them.  

The pipeline from corporate America to the nation's charities is starting to dry up as losses in the stock market mount and the U.S. recession deepens. With many large organizations depending on corporate largesse, their futures are suddenly uncertain.  

Nov. 28 (Bloomberg) -- Mexico’s peso slid after the central bank kept its benchmark lending rate unchanged and said the U.S. “recession” is hurting exports, spending, employment and wages.  

The Economic Cycle Research Institute's weekly leading index fell 1.2 points as of Nov. 21 to 106.8, a 13-year low. The annualized growth rate fell to yet another record low of 29.2%, a strong gauge that future economic growth will worsen. "With WLI growth nose-diving to yet another historical...  

Nov. 28 (Bloomberg) -- Crude oil fell in New York trading amid speculation a potential production cut by OPEC to support prices may be trumped by concerns over declining demand amid a worsening U.S. recession.  

Nov. 27 (Bloomberg) -- The dollar fell against the yen and the euro after the biggest drop in U.S. consumer spending in seven years fanned speculation the Federal Reserve will cut interest rates to help avert a prolonged recession.