1. Mr Hague faced criticism of his promise last October to cut taxes even if the economy entered a recession. 2. And for decades, the pronouncement by Moore that the economy had entered a recession has been regarded as the closest thing around to a certification from Mount Olympus. 3. As demand and prices have fallen, the construction industry, especially in Cali, has entered a recession. 4. Adding to its woes, Hong Kong officially entered recession Friday, joining other once-invincible powerhouses like Japan and South Korea. 5. All this has raised concerns that Germany may be entering a recession of unknown duration. 6. But France is also handicapped by a rapidly slowing economy and may be entering a recession. 7. But Reaser added that the responses might also be explained by the fact that a year ago, the country was entering a recession. 8. Economists are still debating whether the economy has entered a recession, or is in a more narrow manufacturing recession. 9. Economists do not believe that the nation will enter a recession this year, Cahn and others said, but naturally there are no guarantees. 10. He added that it is too soon to tell whether Thailand will enter a recession as a result of the crisis. |