NEW YORK The probability is growing that the global economy not just the United States will experience a serious recession. Recent developments suggest that all G7 economies are already in recession or close to tipping into one.

NEW YORK The probability is growing that the global economy not just the United States will experience a serious recession.

The question is whether Germany s leaders will recognize this before Europe s economy falls into an even deeper slump.

Deadly serious.

While its depth and length cannot be predicted, a continued credit crunch, sovereign debt problems, lack of competitiveness, and fiscal austerity imply a serious downturn.

A country that finds its economy very depressed during the next few years, and fears that this will be chronic, might be tempted to leave the EMU in order to ease monetary conditions and devalue its currency. Although that may or may not be economically sensible, a country in a severe economic downturn might very well take such a policy decision.

Although that may or may not be economically sensible, a country in a severe economic downturn might very well take such a policy decision.

That is a serious global issue.

So this was a great project.

The likelihood that the Fed would have to take drastic steps to curb galloping inflation, together with the effects of the 1979 oil crisis, made a serious recession quite likely.

Dhouha Ben Youssef raises a major question

What neither Friedman nor anyone else anticipated in 1998 was that the first serious downturn following the advent of the euro would coincide with the mother of all financial crises.

Morals and the Meltdown

A Double Dip Recession for the US?

The American economy suffered a recession.

Moral relativism has damaged public life.

But there is a broader issue at stake in David s case.

Daunting challenges face Batlle's great nephew.

Contractionary policies only exacerbate recession.

Indeed, demographically, Russia is undergoing a dramatic decline.

Every downturn comes to an end.

And then the model makes predictions down the road.

Tentu saja, tidak ada kondisi downturn yang wajar.

His popularity is waning.

There is a serious risk that it will not.

If so, China is making a serious miscalculation.

Yes, that is my only serious rival,' said Vronsky.

It is both the biggest challenge and the greatest joy, he says.

Japan's decline has been palpable.

That may prevent the world economy from falling into recession.

Any recession would likely be short and limited.

But every downturn comes to an end.

That dangerous indifference is the most serious sign of NATO's crisis.

The other serious issue of a constitutional nature is that of levels of government.

A larger question is whether the US is hopelessly divided.

They must be allowed to decline or move inland (and eventually decline).

However, all this now seems to have a serious chance of succeeding.

Nor can the EU afford a serious crisis with the Kremlin.

The financial integration brought about by the euro would be largely unwound.

In Lebanon itself, serious internal dialogue about the county s future remains stalled.

Without severe crisis, no significant reform was likely.

Unfortunately, a serious crisis may be required to initiate that response.

An economic slowdown will exacerbate all our financial problems.

Could there be another decline in Argentina?

Deepening economic recession is bound to catalyze political change.