What Is Recession?

As recent economic trends have shown, political conflicts and destabilization processes tend to have not only regional, but also worldwide impact, influencing the international economic developments as well. The problem becomes more important when we start speaking of internationally highly demanded products such as oil, corn etc. The civil war in Libya, the third biggest [...]

Tsunami and series of earthquakes in Japan, followed by several explosions at Fukushima Daiichi nuclear power plant had a significant impact on the future of the nuclear industry, questioning its safety guarantees of nuclear energy, thus, indirectly dictating new requirements for international economic trends. Questioning the safety of the nuclear energy will certainly form new [...]

On March 28 the U.S. Department of Commerce released its report on Personal Income and Outlays for February 2011, which is based on the state of the economy in the U.S. and provides some interesting details on U.S. customers’ incomes and spending. So the report says that the personal income increased by $38.1 billion (0.3 [...]

March 11 tsunami, ongoing earthquake and nuclear crisis in Japan caused huge human losses. The disaster has affected both the country’s state of the economy and international economic trends. As you know, Japan has the third biggest economy and is the third biggest consumer in the world. Although today specialists bring some figures and estimations [...]