Russia Deepens Its Recession, 10 European Countries In Recession, China & Canada Heading Into Recession. Another Global Recession Already Here!
Russia deepens it’s recession
Russia’s economy shrank the most since
2009 after a currency crisis jolted consumer demand, while a selloff in
oil threatens to drag the country into a deeper recession.
Gross domestic product contracted 4.6 percent in the second quarter
from a year earlier after a 2.2 percent decline in the previous three
months, the Federal Statistics Service in Moscow said on Monday, citing
preliminary data. That was worse than the median forecast for a 4.5
percent slump in a Bloomberg survey of 18 analysts. The Economy Ministry
had projected that output shrank 4.4 percent in the period, calling it
“thelowest point” for Russia.
Russia’s economy shrank the most since
2009 after a currency crisis jolted consumer demand, while a selloff in
oil threatens to drag the country into a deeper recession.
Gross domestic product contracted 4.6 percent in the second quarter
from a year earlier after a 2.2 percent decline in the previous three
months, the Federal Statistics Service in Moscow said on Monday, citing
preliminary data. That was worse than the median forecast for a 4.5
percent slump in a Bloomberg survey of 18 analysts. The Economy Ministry
had projected that output shrank 4.4 percent in the period, calling it
“thelowest point” for Russia.
Canada is on verge of recession The latest economic data from Canada shows that it is inching
toward recession, after its economy posted its fifth straight month of
contraction.
Statistics Canada revealed on July 31 that the Canadian economy shrank by 0.2%
on an annualized basis in May, perhaps pushing the country over the
edge into recessionary territory for the first half of 2015.
“There is no sugar-coating this one,” Douglas Porter, BMO chief economist, wrote in a client note. “It’s a sour result.”
The poor showing surprised economists, who predicted GDP to remain
flat, but it the result followed a contraction in the first quarter at
an annual rate of 0.6%. Canada’s economy may or may not have technically
dipped into recession this year — defined as two consecutive quarters
of negative GDP growth — but it is surely facing some serious headwinds. http://money.cnn.com/2015/08/04/news/economy/canada-on-verge-of-recession-oil/
US crude oil dips below $43 for first time since March on concerns of weaker demand from China – @CNBCnow http://www.breakingnews.com/topic/us-economic-indicators/
This is all in the MSM; but it’s hidden back in the business sections
of the website…never front page news. And certainly not on prime time
televised MSM.
Herein USA it is “hidden news”…they print it, but never on the front
page of a website. And 95% of Americans don’t read the business pages
and wouldn’t understand them if they did.
And the MSM here releases bad economy info little by little, with
days in between. It seems as if all the major world players, aka
illuminati or whatever — are in on it together. They are hoping to
control the crash and usher in the NWO.
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