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Hong Kong arouses recession fears

Business & Finance : Business Report

Hong Kong economic growth slowed down for a second consecutive quarter, officials said, prompting fears of a recession by year-end. ||| Hong Kong economic growth slowed down for a second consecutive quarter, officials said Friday, p...

Europe: Service Sector Slows, Stocks Fall, Bond Yields move higher

Business & Finance / Economics : CalculatedRisk

From the Telegraph: "Eurozone service sector [slowed] and the Purchasing Managers Index figures show services activity slowed to its lowest rate since September 2009. The eurozone PMI figure slipped to 51.5 in August, down from 51.6...

‘No return to recession’

Business & Finance : Business Report

The world economy was slowing down due to a combination of factors such as the euro zone’s debt problems and a weak US housing sector, but it was not headed for a double-dip slump, Organisation for Economic Co-operation and Developm...

U.S. and UK GDP Fall Heralds Recession – ZIRP to Continue

Business & Finance : Zero Hedge

U.S. and UK GDP Fall Heralds Recession – ZIRP to Continue - U.S. first quarter GDP grew 0.2%, down from 2.2% last quarter- U.K. GDP for first quarter was 0.3%, last than half the previous quarter’s figure- Large inventory build up i...

Global Depression Coming - Even "Powerhouse" Germany and UK Slow "Dramatically"

Business & Finance : Zero Hedge

- IMF warn of “fresh financial crisis” - German exports fall 5.2%, largest slump since recession of 2009 - German imports also fall 3.1% - Many sectors across German economy see unexpected declines in factory orders and industrial p...

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