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Thursday, February 27, 2020  Spokane, Washington  Est. May 19, 1883
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Stories tagged: recession

UPDATED: Wed., Nov. 20, 2019

No sign of recession for Washington, economists say

Washington may see a slowing economy in the next few years, but a recession does not appear to be on the horizon, the state’s economist told legislative leaders Wednesday.

UPDATED: Tue., Oct. 15, 2019

IMF downgrades outlook for world economy, citing trade wars

The International Monetary Fund is further downgrading its outlook for the world economy, predicting that growth this year will be the weakest since the 2008 financial crisis, primarily because of …

Gary Shilling: A strong U.S. consumer won’t prevent a recession

With the unemployment rate at a 50-year low, the hope is that the U.S. consumer will more than offset an otherwise faltering economy. Don’t bet on it.

Yes, stocks are up again. No, recession worries aren’t gone

The U.S. economy is sending some worrying signals about a possible recession, yet the stock market has gone on a what-me-worry ride toward record heights.

Robert J. Samuelson: Learning from the Great Depression

There are parallels between the present financial turmoil and past episodes of economic disruption, including the Great Depression of the 1930s.

74% of economists in survey see U.S. recession by end of 2021

A strong majority, 74%, of U.S. business economists appear sufficiently concerned about the risks of some of President Donald Trump’s economic policies that they expect a recession in the U.S. …

UPDATED: Mon., Aug. 19, 2019

Trump dismisses worries of recession, says economy is strong

President Donald Trump dismissed concerns of recession on Sunday and offered an optimistic outlook for the economy after last week’s steep drop in the financial markets.

Catherine Rampell: Trump has a dream team for mismanaging a recession

If we have an economic downturn, Donald Trump might or might not be the cause. But you know what would unequivocally be his fault, rather than fickle fortune? A badly

UPDATED: Thu., Aug. 15, 2019

U.S. stock indexes end mostly higher after volatile day

Stocks around the world remained stuck in the spin cycle Thursday, as worries about a possible recession collided with hopes that the strongest part of the U.S. economy – shoppers …

What is an ‘inverted yield curve,’ and why does it matter?

What it means is that people are so worried about the near-term future that they are piling into safer long-term investments.

UPDATED: Wed., Aug. 14, 2019

Dow slumps 800 points after bonds flash recession warning

Stocks fell sharply Wednesday after the bond market threw up another warning flag on the economy.

Robert J. Samuelson: Is the economy turning against Trump?

There is growing evidence of a possible recession. If one materializes, President Trump could lose his most powerful argument for reelection: a strong economy.

Robert J. Samuelson: What really caused the financial crisis?

The lesson of the financial crisis is that it wasn’t just overzealous regulators or greedy capitalists; the larger role was played by the convergence of many forces that we understand …

IMF managing director says economy is at ‘delicate moment’

IMF managing director warns that global economy is at “delicate moment.”

UPDATED: Mon., March 25, 2019

Survey: Business economists see slowdown in growth this year

The nation’s business economists foresee a sharp slowdown in U.S. economic growth over the next two years, in sharp contrast to the Trump administration’s predictions that growth will accelerate this …

UPDATED: Fri., March 22, 2019

Potential recession signal: A key ‘yield curve’ has inverted

One of the most closely watched predictors of a potential recession just yelped even louder.

UPDATED: Mon., March 18, 2019

Fed set to signal no expectation of rate increases anytime soon

Noting risks, Fed is likely to signal no expectation of rate hikes in the coming months.

A hot U.S. job market is coaxing people in from the sidelines

The growth in America’s workforce – made up of people either working or looking for work – has helped reverse an alarming consequence of the recession: The exit of millions …

UPDATED: Tue., Feb. 12, 2019

Fed Chairman Powell says prosperity not felt in all areas; economy doesn’t face elevated recession risks

Federal Reserve Chairman Jerome Powell does not feel the probability of a recession “is at all elevated,” and that the country is continuing to see solid economic growth.

UPDATED: Mon., Jan. 21, 2019

As global recession fears grow, calls escalate for Trump to end shutdown and trade war

Calls are growing louder for President Donald Trump to end the trade war and government shutdown as fresh evidence pours in that businesses and consumers are losing faith in the …

UPDATED: Tue., Dec. 18, 2018

Stock market woes raise a nagging fear: Is a recession near?

Here’s a look at how the movements of the stock market and the barometers of the economy might determine the risks of a recession.

Phil Angelides: Wall Street never learned its lesson

Ten years after the collapse of Lehman Brothers brought the American economy to its knees, many are asking an obvious question: When will the next financial crisis hit? If one …

Puerto Rico finances under scrutiny amid 11-year recession

Top financial officials in Puerto Rico offered a peek Friday into why the U.S. territory is mired in an 11-year recession as a federal control board demanded more transparency and …

UPDATED: Wed., Sept. 27, 2017

U.S. middle class gets richer, but wealthy do even better

Most American families grew richer between 2013 and 2016, but the wealthiest households pulled even further ahead, worsening the nation’s massive disparities in wealth and income.

UPDATED: Tue., Sept. 12, 2017

American household income finally topped 1999 peak last year

Incomes for a typical U.S. household, adjusted for inflation, rose 3.2 percent from 2015 to 2016 to $59,039, the Census Bureau said.

U.S. households owe record amount, topping pre-recession peak

U.S. household debt reached a record high in the first three months of this year, topping the previous peak reached in 2008.

Auto-loan fraud is soaring in a parallel to the housing bubble

Borrower fraud in U.S. auto loans is surging, and may approach levels seen in mortgages during last decade’s housing bubble, according to a startup firm that helps lenders sniff out …

Retail funk: Stores face biggest challenges since recession

It’s starting to look a lot like the Great Recession redux for retailers. More than twice as many stores have closed this year than at the same point last year.

UN forecasts modest economic recovery but no robust revival

The United Nations predicted a modest recovery in the global economy in 2017-18 on Tuesday but warned that its projection is an indication of economic stabilization rather than a signal …

Robert J. Samuelson: Too soon to judge Obama legacy

If Obama had done nothing else, rescuing the economy would ensure a successful presidency. But he did do other things, and we shouldn’t forget the historic significance of having an …