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Brent falls below $112 on US recession fearsBrent crude fell below $112 a barrel on Monday, as fears of another US recession slowing fuel demand overshadowed supply concerns over a major shutdown of offshore oil production forced by Tropical Storm Lee. US employment growth ground to More… |
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US recession ‘over’, unemployment seen at 10pcThe worst US recession since the Great Depression has ended, but weak household spending as the labor market struggles to create jobs will slow the pace of the economy's recovery, said a survey. The survey of 44 professional forecasters re More… |
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US economy shrinks modestly, consumption fallsThe deepest US recession since the Great Depression showed signs of easing in the second quarter, buttressing hopes for a second-half recovery, though it may be anemic as consumers are still strapped for cash. Gross domestic product, which More… |
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US in recession, jobless to peak at 7.5pcThe US economy is in recession and will contract at a faster pace in the fourth quarter, extending the decline into early 2009 as high unemployment crimps consumer spending, a survey showed. The National Association of Business Economists' More… |
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US firms eye ME building boom to flee recessionAmerican manufacturers of plant, machinery and construction vehicles are looking to the building boom in the Middle East to hedge their stocks against the continuing recession in the United States. Indicative of the troubles in the US con More… |
