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Watch out for US recession, zero interest rates in China next year: Citi

Watch out for US recession, zero interest rates in China next year: Citi

The outlook for the global economy next year is darkening, with a US recession and China becoming the first major emerging market to slash interest rates to zero both potential scenarios, according to Citi. 

US top business place for investors: Obama

Noting that his country has bounced back from its worst ever recession, US president Barack Obama has said America is now the top place for investors to do business.

US economy shrank 2.9% in first quarter: Govt

The contraction in the world`s largest economy was the steepest since the 2009 first quarter.

Economy recovering, infra investment needed: US

The American economy is recovering in the aftermath of the worst recession, a top US official has said, but acknowledged that the country's infrastructure sector is in "crying" need of further investment.

US continuing to recover from the worst recession: White House

The US is continuing to recover from the worst recession since the Great Depression, the White House said after the latest jobs report revealed that the unemployment rate for the month of April has dropped to 7.5 percent, the lowest in four years.

Recession reverses 'empty nest' syndrome in US

Empty nest syndrome is associated with general feeling of loneliness among parents when their children leave home to live on their own for the first time.

Warren Buffett rules out recession if Congress can’t deal with fiscal cliff

American business magnate Warren Buffett has said there ‘won’t be a recession’ if Congress can't resolve the so-called fiscal cliff before the automatic tax increases and spending cuts take effect in January.

US stock rally helps regain wealth lost in recession

A stock rally at the end of 2011 helped rebuild more of their lost wealth — a trend that carried into 2012. Households responded by borrowing more for the first time since the financial crisis began, even as home values fell further.

Debt relief replaced with recession fear

In a matter of days, investor relief that the United States avoided default has been replaced by fears Europe`s debt crisis is deepening and the world`s biggest economy may be slipping back into recession.