Unless its monetary policy really changes, both America and Japan could fall into recession simultaneously, with risks for all the world.

The economy has entered a recession.

The global economy has fallen into a recession.

But before we despair, there is work to be done.

And Japan is already slipping back into recession because of the earthquake.

Taiwan s economy fell into a technical recession in the fourth quarter of 2011.

How can confidence be restored as the crisis economies plunge into recession?

During 1998, Brazil s economy began a tragic, predictable descent into recession.

In 1997, the mismanagement of the East Asia crisis by the IMF and the US Treasury transformed downturns into recessions, and recessions into depressions.

Moreover, America might also once again retreat bitterly into isolationism, blaming her failure on the UN and on disloyal European allies.

WASHINGTON , DC China has weathered the Great Recession well.

In fact, Brazil most likely experienced a technical recession during the first half of this year.

For all of China s long term structural problems, it is not exactly slipping into recession.

Fiscal austerity, while necessary, means a deeper recession in the short term.

While a global recession will be averted, a severe growth slowdown will not.

Or the US could slip into recession (though modest growth is certainly the central scenario nowadays).

One seldom restores economic strength or confidence with policies that force an economy into a deep recession.

Some central bankers now worry that ending these measures prematurely will tip the economy back into recession.

A rate hike will come and the bull market will stumble, bond yields will climb and the economy will slip into a recession.

These investments are needed in the short term to offset the decline in worldwide consumption spending that underlies the global recession.

Or the US could slip into recession (though modest growth is certainly the central scenario nowadays).

In the current case, the Fed is facing some conditions that did not exist before and could hasten a recession.

President Barack Obama has deployed the confidence multiplier and claims to have contained the recession.

Whenever an economy enters recession, revenues fall, and expenditures say, for unemployment benefits increase.

So, with emerging market economies from Russia to Brazil mired in recession, will the bubble burst?

With this narrative, Greeks could avoid admitting the role of their own government s policy mistakes in thrusting them into recession.

This, however, is a zero sum game that merely exports deflation and recession to other economies.

Public sector cutbacks today do not solve the problem of yesterday s profligacy they simply push economies into deeper recessions.

Pursuing a strategy that simultaneously deepens recession and weakens confidence will not resolve the debt crisis. As funding problems recur in the recession hit economies, governments may resist bailing in and the associated losses.

Pursuing a strategy that simultaneously deepens recession and weakens confidence will not resolve the debt crisis.

In that case, Greece s geopolitical position would be weakened, its economy would sink further into recession, and social tensions would rise.

Or the eurozone could relapse into recession and crisis, reviving the risk of redenomination in the event that the monetary union breaks up.

Economic growth in the United States has remained anemic, at 1.5 2 for most of the year, and Japan is lapsing into a new recession.

They know that this outcome could well throw the US and the world back into recession.

True, the US Federal Reserve has tried to prevent a recession by cutting its interest rates.

If we lack organization, the ideas, after the impetus of the first moment, lose their effectiveness, fall into the basic routines and conformity, and become simply a memory, he once said.

As a result, Greece has fallen into a deep and prolonged recession, with output down 25 from pre crisis levels.

So, are we in 1936, and does the budgetary tightening contemplated in many countries risk provoking a similar double dip recession?

Globally, the asymmetric adjustment of creditor and debtor economies has exacerbated this recessionary and deflationary spiral.

CAMBRIDGE The bursting of America s housing bubble in the summer of 2006 triggered the global financial crisis and recession. The sharp fall in house prices that followed caused a dramatic downturn in household wealth, leading to lower consumer spending and an overall fall in GDP.

CAMBRIDGE The bursting of America s housing bubble in the summer of 2006 triggered the global financial crisis and recession.

Spain s capacity to withstand an austerity cure that only sinks it deeper into recession must also have its limits.

He also claimed that Europe is not likely to shake off a recession quickly and that there are further signs of weakness in the banks.

Perhaps the allure of belonging to a growing reserve currency will make sustained recession and austerity feasible in ways that have seldom been seen historically. I doubt it.

But this will clearly not be able to prevent a big further deterioration in the country's debt GDP ratio, especially as high interest rates push Brazil into recession.