Recession

Big lenders see Portugal recession easing, MPs say

25 May 2012

LISBON (Reuters) - Portugal's ruling coalition is reporting that EU and IMF inspectors evaluating the country's bailout programme have concluded the worst of the local recession may be over, which should help a recovery in faltering tax revenues. European Commission and International Monetary Fund officials contacted by Reuters declined to comment on remarks made by lawmakers from the centre ...

Britain's recession deeper than expected

25 May 2012

Britain's recession is deeper than first thought according to revised official figures that show the non-eurozone nation's economy shrank 0.3 percent in the first quarter.

Russian Recession Could Prompt Political Woes, Report Says

24 May 2012

An economic downturn in Russia could swell the ranks of protesters who have opposed the re-election of Vladimir V. Putin as president, the former minister Aleksei L. Kudrin said.