Q4: South African Economy First Contraction in Decade

February 25th, 2009 • No Comments

South Africa fell in to reporting a seasonally-adjusted annualized contraction of 1.8 per cent quarter-to-quarter for Q4 2008 after a drastic fall in manufacturing output significantly damaged the economy. Continue reading ‘Q4: South African Economy First Contraction in Decade.’

Britain Announces Formal Recession

January 24th, 2009 • No Comments

Britain’s economy entered a recession, for the first time since 1991, officials from the Office for National Statistics say as the economy shrank for the last two quarters of last year - hitting the formal definition of contractionary economy. Continue reading ‘Britain Announces Formal Recession.’

Crystal Ball: Stimulus Will Save 4 Million Jobs

January 11th, 2009 • No Comments

President-elect Barack Obama announced Saturday that “an analysis” of his stimulus proposals would save between three and four million jobs - 90 per cent of which would be in the private sector. Continue reading ‘Crystal Ball: Stimulus Will Save 4 Million Jobs.’

Media Fear Depression, Economist Eyes

January 10th, 2009 • No Comments

The mainstream media is frequently referring to the financial crisis and associated economic decline as being a recession - often, however, quoting fringe economists who assign value to non-established economic factors, to go as far as claiming the end of the U.S. or being “worse” than the Great Depression. Continue reading ‘Media Fear Depression, Economist Eyes.’