Spain presents budget, sees mild 2013 recession

Economic Signals Point to a 2013 Recession Wall Street Journal Data released this week by the Commerce Department waved bright red recession flags—orders for durable goods fell 13.2% in August and inflation-adjusted personal income fell 0.3%. President Obama is asking for more time to allow the lackluster ... See all stories on this topic »

Indicator Shows Euro Zone In Recession Wall Street Journal By PAUL HANNON. An indicator that has correctly recorded contractions in the euro zone suggests the currency area has entered another recession, a development that would underline the difficulties for governments to resolve the currency area's fiscal ... See all stories on this topic »

UK recession is over, economists claim The Guardian The UK's double dip recession is over, according to economists who say official figures on Friday from the services sector show the economy rebounded during the second half of the summer. But they warn that the economy is likely to continue its ... See all stories on this topic » The Guardian

Greek retail sales plunge amid deep recession Sacramento Bee ATHENS, Greece -- Greece's statistical authority says domestic retail sales dropped eight percent in July compared with a year earlier, highlighting the painful impact of a four-year recession. The fall was worst in the clothing and footwear sector ... See all stories on this topic »

Greece's 2013 budget to deepens cuts, sustain recession Chicago Tribune "It's going to be a tough budget, projecting a sixth year of recession," a senior government official told Reuters. "It will focus on further savings, incorporating measures agreed by the political leaders." "This budget will be another step to get the ... See all stories on this topic »

Imposing austerity during recession won't fix things Kennebec Journal The national debt is a serious problem, but there are smart ways and dumb ways to deal with it, and imposing austerity during a recession is one of the dumb ones. Stimulus spending is the government's most potent recession-fighting weapon. See all stories on this topic »

'Dairy recession' means rising milk prices to break even Daily Camera Experts -- along with local dairymen, some of whom are just now recovering from the "Great DairyRecession" of 2009 -- and today face historically high feed costs -- say those increases must continue to create a break-even scenario for dairies. While ... See all stories on this topic »

Spain presents budget, sees mild 2013 recession MarketWatch During the same news conference, Budget Minister Cristóbal Montoro Romero predicted Spain would experience a mild recession in 2013. The announcements come at a critical moment for Spain, with Prime Minister Mariano Rajoy under intense pressure to ... See all stories on this topic »

Stock market indexes chip away at recession's loss Post-Bulletin Wall Street's rally may hit some rocks in the year's remaining three months, however, as investors brace for a Washington showdown over the “fiscal cliff” that, if unresolved, threatens to push the fragile U.S. economy back into recession. Investors ... See all stories on this topic »

Investors eye the 'cliff' as Obama gains in polls Businessweek The next fight could get just as messy, but most on Wall Street think Congress and Obama would eventually manage to postpone some of the $600-billion-plus "fiscal cliff" before the year is out and avoid tipping the economy into a recession. See all stories on this topic »