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#Double Dip?

# double-dip - Friday 29 May, 2015

From The Daily Edge 9 simple ways to take your biscuits to the absolute next level

9 simple ways to take your biscuits to the absolute next level

It’s National Biscuit Day suckers.

# double-dip - Saturday 27 July, 2013

Aaron McKenna: We've entered recession – again – because brave decisions are not being taken

Ireland has just entered its fourth recession since the crisis began – and what is our government doing about it? Waiting for Europe to sort out the mess, writes Aaron McKenna.

# double-dip - Thursday 15 November, 2012

Falling growth means Eurozone is back in recession

Hadn’t you noticed? Eurozone GDP fell by 0.1 per cent in the third quarter of 2012.

# double-dip - Wednesday 25 April, 2012

British economy back in recession

Preliminary estimates from the Office for National Statistics bear bad news…

# double-dip - Thursday 22 March, 2012

Recession returns as Ireland's economic output falls again

Irish economic output has declined for two successive quarters – meaning Ireland is technically back into a recession.

# double-dip - Friday 5 August, 2011

European markets open... and it's not good news

The major European stocks have fallen in early trading this morning.

# double-dip - Friday 6 May, 2011

Doctor Doom: ECB could force Ireland into a second recession Doctor Doom This post contains a poll

Doctor Doom: ECB could force Ireland into a second recession

Nouriel Roubini says increasing interest rates will strengthen the Euro – and make it difficult for weak countries to recover.

# double-dip - Thursday 24 March, 2011

Economy shrank by 1.6 per cent in fourth quarter of 2010

The latest statistics from the CSO show that GDP fell by 1.6 per cent – but GNP rose – with overall declines for 2010.

# double-dip - Tuesday 14 December, 2010

Ireland's economy will shrink again in 2011, says E&Y

Ernst & Young says GDP will fall by 2.3% next year, with unemployment growing – but there’s other forecasts for Celtic Tiger 2.

# double-dip - Thursday 14 October, 2010

€4bn budget cuts mean €2bn drop in economic growth - IMF

Damned if we do, and damned if we don’t. We can’t afford to borrow, but cutting spending means double-dip…

# double-dip - Friday 1 October, 2010

Manufacturing output falls in September - report

It’s more bad news – manufacturing is down in the last month, and retail sales only just up. Is this the Double Dip?

# double-dip - Friday 24 September, 2010

Ireland's economic meltdown: what the world says

“The folly of cuts,” says the Guardian; the drop is “unexpected” says WSJ; “the first to face a double dip,” says Telegraph.

# double-dip - Thursday 23 September, 2010

The Guardian: Ireland facing a double dip recession

One economist is so shocked by the fall in our output, he thinks it’s a misprint.

'Double-dip' recession looms as GDP falls by 1.2% in three months

New CSO statistics show economic output fell in the months from April to June, having risen in the months before that.

# double-dip - Friday 3 September, 2010

What’s a Double Dip recession? Your 60-second guide

What’s a Double Dip recession? Your 60-second guide

The services sector is slowing down. Is a second recession on the way? And what does that mean?

# double-dip - Friday 27 August, 2010

THE CHAIRMAN OF THE United States Federal Reserve, Ben Bernanke, has admitted that the country’s economic recovery had slowed down – but was equivocal in dismissing any speculation of a potential double dip recession.

Earlier estimates of a 2.4% growth in the US economy this year have been revised downward in favour of a new projection of 1.6%, a growth Bernanke described as a “modest pace”.

Speaking at a Federal Reserve conference, Bernanke said the Fed was prepared to provide extra cash to the economy – but, crucially for some, didn’t fully indicate whether he thought such action would be necessary.

He said the Fed’s purchases of longer-term securities have been effective in lowering borrowing costs, and that the benefits of doing so again would outweigh the potential disadvantages.

Bernanke seemed to indicate that further long-term acquisitions would be more favourable to keeping interest rates low, or raising its inflation targets.

Treasuries prices fell in the immediate aftermath of the speech, with many investors having hoped that the Fed was on the verge of further investment in the market, while the Dow Jones also fell sharply but later went significantly higher.

The Fed had indicated earlier this month that it would not be reducing its $2.05 trillion securities portfolio, but investors had been waiting to see whether this meant it was planning to expand the portfolio in the near future.

# double-dip - Friday 6 August, 2010

131,000 jobs were lost in the United States in July – more than double the amount anticipated by the government and local economists.

The fall – which has been largely attributed to the government laying off its 143,000 temporary staff who had been carrying out the latest census – is a sign that recovery in the world’s largest economy will be a lot slower than first assumed.

What’s more, the government revised the jobs lost in June from its initial estimate of 125,000 to a reported 221,000.

There were 59,000 public sector job losses over the month aside from census staff, and the rise in private sector employment of 71,000 was not enough to offset the damage elsewhere.

Even this increase was short of expectations: 90,000 jobs had been expected, according to a Bloomberg survey.

8.4 million jobs have been lost since the recession began at the end of December 2007, a year before Barack Obama took office as president.

The new stats mean that the while the govenrment has added an average of 100,000 jobs a month so far this year, it’s nowhere near enough to drag down the level of unemployment in the country.

While it is difficult to say just yet whether the new figures represent a slowdown in the recovery or the potential beginning of a further economic slide, the fact that 45% of unemployed workers have now been without work for six months suggests that making a significant dent in the trend will be difficult.

GDP growth in the second quarter also slowed down, at 2.4% compared to 3.7% in the first three months of the year – and while consecutive growth ensures that the recession is officially over, the slowdown in growth from 5.6% in the fourth quarter of last year suggests tough times ahead.