Anything above 50 constitutes growth, while 50 means no change and below 50 suggests economic contraction.
Recession is often defined as two consecutive quarters of negative growth - or economic contraction.
That would place the country in recession, typically defined as two consecutive quarters of economic contraction.
It invariably leads to an economic contraction when government decides the negatives outweigh the positives.
Portugal, whose Q4 GDP fell 1.3%, also saw a second consecutive quarter of economic contraction.
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It should be enough to keep the economic contraction down to 4 quarters of misery.
Most economists consider an economy in recession when it has two successive quarters of economic contraction.
That data suggests the Euro zone is still in overall economic contraction in the first quarter.
News of economic contraction may weigh on Federal Reserve policy makers, who are meeting this week.
Slovakia's deficit has risen to 6.8% of GDP, following an economic contraction of 4.7% last year.
Greece is now caught in a vicious circle between political uncertainty and economic contraction.
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Most believe the EU will continue its economic contraction at least into the fourth quarter of 2012.
No doubt, slow growth is better than economic contraction, and beating expectations is better than failing to deliver.
And that would have saved the Fed from actually needing to intervene very much to offset the economic contraction.
Readings below 50 in such diffusion indexes are seen as an indication of economic contraction, while readings above signal expansion.
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It said economic contraction in South Korea, Taiwan, Thailand, Malaysia and Singapore will offset modest growth in China and India.
"It has started taking a more realistic view, given the depth of the economic contraction, " says World Bank economist Kawai Masahiro.
We are supposed to believe that the hideous economic contraction in Greece is due to the intolerable decline in government spending.
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Either way, a banking crisis and a severe economic contraction appear inevitable.
Because their economy was in a tailspin and economic contraction almost always affects people at the top more than people at the bottom.
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It has -- it did lead to the cessation of economic contraction and a sustained period now of economic growth, albeit too slow.
European shares have recovered slightly from Monday's sharp falls as investors shook off rising Spanish bond yields and worsening forecasts of Greek economic contraction.
Meanwhile, the Greek central bank has revised its forecast for economic contraction for this year to approaching 5%, worse than its previous estimate of 4.5%.
If its banks were panicked into calling in overseas loans, say by a run on deposits, an economic contraction would sweep America and the globe.
Emerging-market economies like Singapore, heavily dependent on high-tech exports to the industrial world, suffered an even greater economic contraction than America, their biggest customer, did.
However, three consecutive quarters of economic contraction have undermined its plans.
It was the first such economic contraction in almost four years.
As a result, they predict capping debt now will precipitate a far deeper economic contraction than what we have already seen in the last few years.
And secondly the larger and older businesses tend to hire lots of people during economic upturns and then terminate them during periods of economic contraction and expansion.
Like a large mouthed bass, I'm snapping at the lure of 10% returns in preferreds, debentures, energy-based master limited partnerships--anything that can survive a major economic contraction.
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