Recession News
Reports on U.S. recessions, economic indicators, and financial stability. The Daily Signal provides conservative commentary and analysis.
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Nowhere Left to Hide: Neither White House nor Common Man Can Evade Recession Data
Newly released data from the Commerce Department show what some people have been saying for months: The nation is in recession. Furthermore, the Biden administration’s cherry-picking of data has come back to bite it, with even its selected data points now being revised to indicate a recession. And while these numbers confirm the economy shrank…EJ Antoni -
A Recession by Any Other Name Is Still a Terrible Economy
Having given up fixing the economy, President Joe Biden and his handlers are instead fixing the dictionary. The recent announcement of two consecutive quarters of economic contraction—the traditional start of a recession—is the result of the policies championed by Biden and his allies in Congress. Unprecedented money printing and federal spending make it harder for…Miles Pollard -
‘Can’t Hide the Facts’: Majority of Americans Say We’re in Recession
A majority of Americans believe that the country is currently in the midst of a recession despite the Biden administration’s attempts to redefine the term, an Economist/YouGov poll found. Around 61% of Americans believe that the nation is currently in a recession, according to the poll published Tuesday. The poll reflects Americans’ feeling on the economy amid record…Carl DeMarco -
Ignore the Doublespeak: We’re in a Recession
American families cannot afford what they were purchasing just a year and a half ago. That means a lower standard of living, but don’t expect any sympathy from Biden administration officials. Their focus seems to be on technicalities, not the average American’s cost of living. The latest economic doublespeak from the Biden administration is a…EJ Antoni -
Biden Is Steering Us Into a Recession
If you’re having trouble making it from paycheck to paycheck, you’re hardly alone. A majority of Americans tell pollsters they feel the economy is not in good shape and getting worse. People are now demonstrably poorer than when President Joe Biden took office. Although wages have risen, prices have risen much faster. Worse, these are…EJ Antoni -
Brazil Has Fallen Into Its Worst Recession Since 1930s
Brazil, world-famous for its carnival celebrations in Rio and elsewhere, is canceling the festivities this year. As the Financial Times reports, across the country, towns and cities “are being forced to scrap the annual carnival parade as the country is braced for what is expected to be the worst recession since at least the 1930s.”…James M. Roberts -
Kazakhstan’s Economy: Collateral Damage From Low Oil Prices and Russia’s Recession
2015 has not been kind to Kazakhstan’s economy (the largest in Central Asia). Although it has the highest levels of economic freedom in the region, the country’s growth has slowed, with estimates now calling for just 2.8 percent, significantly less than last year’s 4.3 percent. The culprits in the decline? A weakened Russian currency and…James M. Roberts -
80 Trillion Yen Later, Another Recession
Japan is in recession, again. A year ago, I wrote about Japan facing back-to-back decline in its quarterly gross domestic product (GDP). Despite the Japanese government’s admirable changes to corporate and social policies, continued misguided monetary policies have effectively created a black hole of wealth for Japanese bond holders. Preliminary results for Japan’s third-quarter GDP…Riley Walters -
Five Years After the Recession, Only 21% of Small Businesses Say They’ve Recovered
More than five years after the end of the “Great Recession,” only 21 percent of small businesses* say they have fully recovered. During the recession, lack of sales ranked as the top problem small business faced. Taxes placed second, and “government regulations and red tape” placed third. And since 2012, at least one in five…Karen R. Harned -
Study: Only 33 U.S. Cities Have Recovered From Recession
Americans might have jobs, but they probably aren’t getting raises. In spite of the unemployment rate falling to its lowest level since 2008, wage growth is still lagging significantly behind job growth, according to a report by The Wall Street Journal. The Wall Street Journal conducted an analysis of 400 metropolitan areas in the United…Kate Scanlon -
Poll: Post-Recession Economic Policy Hasn’t Helped Poor, Middle Class
A new poll shows that Americans don’t believe the economic policies put in place by the government in the wake of the recession have been helpful to the poor and the middle class. According to a new poll by the Pew Research Center, Americans see government policies under the Obama administration as having mostly benefited wealthy…Kate Scanlon -
Japan Falls into Recession
Japan’s economy contracted by 1.6 percent annually between July and September, according to preliminary results released Sunday night. Following a second-quarter contraction of 7.3 percent, Japan has fallen into a recession, casting a shadow over Prime Minister Shinzo Abe’s economic plan “Abenomics.” Japan should end its quantitative easing, which has increased its national debt, and…Riley Walters -
Report: Many Americans’ Paychecks Have Shrunk Since Recession
Today many Americans are taking home a smaller paycheck than they used to, according to a study released Monday by the United States Conference of Mayors. According to the report, people who worked in job sectors particularly hard hit by the recession had an average salary of $61,637 before the recession. But when it comes…Philip Wegmann -
U.S. Economy Has Shrunk at Its Fastest Pace Since the End of the Recession
Despite large stimulus packages and near-zero interest rates since 2009, the U.S. still fails to achieve a sustained economic recovery. According to a third and final estimate from the Commerce Department, the U.S. economy contracted at a 2.9 percent annual pace in the first quarter of 2014, the sharpest pullback since the recession ended five…William T. Wilson -
For Poorer Workers, the Recession Is Nowhere Near Over
The more you play a sport or instrument, the better you get. It’s the same story with work: with more experience, workers become more productive and earn higher pay. Sadly, during the recession the length of the average workweek shortened. While work hours have since bounced back for many employees, poorer workers haven’t seen their…Filip Jolevski