And the weak economic data from the EU raises fears that bloc could slip into recession.
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If Germany were to slip into recession, that would be a powerful symbol of the eurozone's problems.
This forecast would prove too sanguine if America were to slip into recession, as seems increasingly likely.
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America is slowing down dramatically, its economy may slip into recession but this is not a rerun of 1929.
So even if the developed world does slip into recession in 2012, at some point investors will start anticipating a recovery later in the year, or in 2013.
Poland is one of the most improved nations over the past couple of years and, not coincidentally, was the only European nation not to slip into recession during the global economic crisis.
The OECD has been largely wrong in the past few years, but in this they agree with many private forecasters - and the likes of the European Central Bank (ECB), which has also suggested that the eurozone is likely to slip into recession.
The contraction in the economy raised fears that the UK may slip back into recession.
The data convinced many previously optimistic economists that the United States will slip back into recession.
There seems to be a good chance that the U.S. will slip into a recession unless the debt ceiling is raised.
As China's growth slows and more European countries slip back into recession, the RBA is looking to boost Australia's growth outside the mining industry.
Some analysts had already feared that it could contract again in the first quarter of 2013, which would mean the UK would slip back into recession.
Bernanke knew that if the economy did slip back into recession, the country ran the risk of entering a deflationary spiral, which once started, is awfully hard to stop.
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In particular, platinum has tumbled lately with other industrial commodities on worries that the economies of developed nations will slip into a recession similar to 2008 after the Lehman Brothers collapse.
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Moreover, should Germany slip into a recession, I believe that the political climate will turn sour and make any check writing by Germany to save Greece or others an almost impossible task.
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If the spending cuts and tax hikes occur, Bush said the nascent economic growth the U.S. is experiencing will end and the country could slip back into recession, which is something other economists have expressed.
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The Chancellor will deliver his statement to Parliament against a very gloomy backdrop of economic figures from the independent Office for Budget Responsibility and from the OECD which says the economy is about to slip back into recession.
Growth in German GDP during the last quarter of 2011 and the first quarter of 2012 made up for the weaker economies in the south, and is frequently cited as the reason the Euro Zone did not slip into a recession.
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However, the German data was muted by news the European Commission expects EU, as a whole, to slip back into economic recession this year.
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Economists believe Europe will slip back into a recession into the coming months regardless of how it manages the sovereign debt crisis, but the possibilities are also much worse.
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The MPs' arguments will intensify the debate in the coalition government about how to reverse the slide in the economy, which has seen the UK slip into a double dip recession.
Yes, the US economic recovery is mediocre, but the US economy is still growing and there is almost no chance, short of some unforeseen economic disaster, that could cause the US to slip back into a double-dip recession.
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