Archive | February, 2013

World plunges into recession in Q42012

Download article as PDF With the disappointing initial GDP releases for Q42012 from Europe out, the “world” as defined by 41 OECD countries across the globe, has plunged into recession. We define “recession” through two alternative definitions for our comparison, either the presence of a single negative quarter-on-quarter growth or the more traditional two consecutive negative quarterly growths. Whichever way you […]

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Personal Incomes to decline sharply for January

Download article as PDF Personal Incomes, less Transfer Payments and deflated by Personal Consumption Expenditures, is used as one of the four co-incident components of the NBER Recession Model. There was a huge jump in this indicator for the months of  November and December 2012  quite possibly as a result of incomes being pulled forward as […]

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