The National Bureau of Economic Research has declared the recession that started in December 2007 ended in June 2009.
The US House of Representatives has passed the $819 billion mega stimulus package, which is aimed at reviving American economy that is reeling under the worst ever crisis since the great depression of last century.
To kick start the sagging economy, the US administration has come up with many initiatives including stimulus packages, bailouts for ailing banks and funding programmes for the auto sector, among others.
Dr Singh made a strong pitch for restoring the momentum of growth in the developing world at the G-20 Summit and said there is need to replace lost export demand and to expand investment.
India will seek continuance of the stimulus package that was devised to get the global economy out of the worst crisis since the Great Depression of the 1930s at the G-20 Summit in Pittsburgh on Friday pitching at the same time strongly against any attempts at protectionism and advocating reforms of the international financial institutions.
The big lesson to learn from the world's worst financial crisis is that nations and industry should see globalisation as a friend.
'Unfortunately, the most likely outcome is that they will press India to give in to the ISI, or, equally disastrously, ask for Indian troops to join them in Afghanistan.'
Sports films have their own unique charm, but those centered on the Olympics and Olympians stand apart, depicting unparalleled tales of grit, guts, gumption, and glory.
A gush of Federal money helped in avoiding an economic meltdown.
As Indian exporters feel the heat of recession, let's take a look at where India stands as far its top trading partners are concerned.
'Is it too much when senior -- very senior --politicians fear the law so little that they accept payment through cheques, something that can be easily traced?'
A beaming father Chandrapal, said that the son told his mom that he was confident of stopping the legendary MSD on his tracks.
The world's largest economy, the US, is now in recession for 18 straight months, one of the longest since the 1930s Great Depression, amid rising hopes of an early economic revival.
According to Jason White, leader of Hewitt's business performance improvement, cost-cutting and layoffs are amongst the biggest concerns of companies today. He urges struggling firms to change the way people are organised, utilised and managed.
Have the supervisory agencies in the main financial centres learnt their lesson and adjusted their policies accordingly
Global oil demand will collapse next year and commodities will not return to the highs they reached this summer in the foreseeable future, two authoritative reports said on Tuesday as they forecast a long and painful worldwide recession.
There are 'troubling similarities' between US President Barack Obama's financial actions with those of policymakers during the Great Depression in 1930's, a new study has claimed, warning the country's policies might have the potential to consign it to a similar fate as Argentina.
'The fact that I got noticed in a film that stars Hrithik Roshan and Deepika Padukone is a big high for me.'
At a recent brainstorming session on 'After effects of Financial Meltdown: World Economy', held at the Amity Campus in Noida, Uttar Pradesh, Lord Meghnad Desai expressed his views through a written message, as he could not make it to the event.
G20's success will hinge on outcome of follow-up measures
The short-term recommendations include improvements to regulatory coordination and oversight that regulators can make quickly. The blueprint recommends creating a new federal commission for mortgage origination to protect consumers better. The report also recommends modernizing the President's Working Group on Financial Markets and clarifying the Federal Reserve's liquidity provisioning.
This is clearly the worst financial problem we've had since the Great Depression," as Joseph Stiglitz told a radio show in New Zealand on Wednesday morning.
Addressing a meeting of top US corporate leaders, hours before the Congress finally passed the $789 billion stimulus package, Obama said this is the beginning of the hard work they all would have to do in coming years to bring the country's economic back on track.
Barack Obama's audacious agenda of stimulus, reform, and regulation will shake up every business and industry
As the global economic crisis deepens, policymakers need to shed received wisdom and act pragmatically.
Unemployed Paul W Nawrocki of New York, hangs a poster around his neck seeking job, giving his resume to everyone, outside the Grand Central Station, 42nd Street New York on November 8, 2008. Employees across the globe are worried with many global giants laying off their staff in big numbers in the wake of the global financial crisis.
'What's sad today is that there are so many people who cannot find work, not because the country is devoid of that opportunity, but because we are not doing enough in the country.'
American President Barack Obama on Tuesday extended the tenure of US Federal Reserve Chairman Ben Bernanke by another term.
US President Barack Obama on Thursday said he has managed to pull the American economy back from brink; which has been experiencing the worst recession since the great depression of the last century.
It vowed to 'Keep America Rolling' after 9/11 terror attacks and also solved a puzzle about one of its Pontiac cars not liking vanilla ice cream, but it could not avoid bankruptcy, even with the help of the United States government.
America officially entered into recession in December 2007, according to National Bureau of Economic Research of the US. The 17 months of recession also coincides with the G-20 meet on April 2 in London, where the world leaders would be coming together to discuss ways to tackle the meltdown.
Meeting in the midst of an economic crisis, which is said to be the worst-ever after the great depression of the last century, and during the crucial hase of the war against terrorism, US lawmakers are eager to get cracking from day one when the 111th Congress convenes next week.
The 94-year-old economist was a senior research fellow at the Hoover Institution at Stanford University from 1977 to 2006.
Reduce high-cost loans, create a contingency fund and play long term. These are the only mantras to survive during a slowdown.
Will people buy as many cars as before if more office-goers are working from home? How much existing office space in commercial buildings will become surplus, and what will that mean for the construction industry, asks T N Ninan.
'Just today a shopkeeper I went to was saying how bad business is. He must have been a BJP supporter.' 'He finally said, "It's a good thing there's an NDA government, not a BJP government, 'they' had become too big for their boots,".'
She also alleged an atmosphere prevailed where opposition parties were also afraid of 'horsetrading, harassment and political vendetta'.
"Crisis management has been elevated to a very fine skill under his tutelage," said Lyle Gramley, a former member of the US Fed board.
Apart from the human body, human food will bear direct repercussions. From staples such as wheat, to coffee, dairy, and even the great Hilsa face the threat of reduced supply due to the extreme heat.
