global recession

Europe’s debt crisis is a “more serious” situation than the housing bubble three years ago that preceded a global recession, General Motors Co.

Chief Executive Officer Dan Akerson said today.

According to the Obama administration, this is the Summer of Recovery: the global recession is over, factories across America are ramping up production, and corporate balance sheets are dripping black ink.

So why does it still feel more like a Winter of Discontent?

Chinese and German companies signed deals worth billions of dollars to make trucks and power equipment Friday as the prime ministers declared their countries' economies had recovered from last year's global recession.

The year 2009 was not a very promising one as the global recession wounded the financial conditions of the world.

The economic slowdown of the advanced countries that began as a result of sub-prime crisis in U.S.A., soon spread over across the globe.

Microsoft made it clear with its "Laptop Hunters" ads, and consumers listened, as the global recession ground on: Windows PCs are cheaper than Macs.

It's not as though the price differential wasn't known already, but Microsoft made sure we were reminded of what they like to call, the "Apple Tax." With that, Apple fell to the No. 5 spot in the U.S., market research firm IDC said Wednesday.

Aided by demand for low-cost goods in a global recession and a government that staunchly supports exports, China’s grip on world trade has strengthened.

Total SA expects its oil production to rebound in 2010 after cuts by OPEC and falling demand caused by the global recession weighed on its output this year, the company said Wednesday.

The world has not seen such a global recession in a long time. It seems to have been around for ages without an end in sight.

German carmaker Volkswagen AG said Monday its worldwide deliveries increased by nearly 7 percent in July despite the global recession that has ravaged the sector this year.

Magna International Inc., the Canadian auto parts maker that is bidding for General Motors' European Opel business, said Friday it lost $205 million in the second quarter as the global recession depressed auto sales and demand for its products.