Recession Quotations

We will do everything to change what needs to be changed, fight against recession so that the country meets its targets, while reinforcing our country in the heart of the euro and the European Union.

The other thing is quality of life; if you have a place where you can go and have a picnic with your family, it doesn't matter if it's a recession or not, you can include that in your quality of life.

President Obama's reelection started the countdown for lawmakers to address the fiscal cliff and the statutory debt limit. Unless the President and House Republicans can agree on changes to current law, the U.S. economy will be in recession by spring.

'Up in the Air' may be a glossy production sprinkled with laughter and sex, but it captures the distinctive topography of our Great Recession as vividly as a far more dour Hollywood product of 70 years ago, 'The Grapes of Wrath,' did the vastly different landscape of the Great Depression.

The reason inflation was brought down to manageable levels, by the time of Ronald Reagan's re-election, was directly attributable to Jimmy Carter's very courageous act, hiring a Federal Reserve chair, with the charge to induce a recession. That recession was probably the reason he didn't win a second term.

The 1980s was a time of the great recession of interactive entertainment. When Atari fell in 1982, until Nintendo launched its console, video games were an outcast for five years.

This recession is the deepest in our lifetimes, the deepest since 1929. If you take the people thrown out of work in the 1982 recession, the 1991 recession, the 2001 recession, not only is this bigger, this is bigger than all of those combined.

Hiking taxes on the so-called wealthy would help send us into a recession because so many small businesses report their income on individual tax returns. If taxes are raised, they will be less likely to be able to hire new workers and make new capital investments.

I thought I would set the world on fire when I got out of college. I had done quite well in a field that was growing. Unfortunately, we got hit with a recession in 1981.

In my view, if you have one in 10 unemployed - something is wrong with the economy whether you call it recession or not.

The last thing you want to do is raise taxes in the middle of the recession because that would just suck up and take more demand out of the economy and put businesses in a further hole.

I have seen American determination in people like Debbi Sommers. She runs a furniture rental business for conventions in Las Vegas. When 9/11 hit, and again, when the recession tanked the conventions business, she didn't give up, close down, or lay off her people. She taught them not just to rent furniture, but also to manufacture it.

The potential for a cyclical downturn in 2008-09 -- or sooner if we have a global economic recession -- is realistic.

The people who believe that the inversion of the yield curve is a signal of recession have it wrong this time.

We're insulated a little bit from the recession because of our cost structure, but our business is to some extent cyclical, ... With pressure on network TV, rising (interest) rates against inflation and lower, declining audiences, clearly clients are looking at alternatives.

There is no longer a shadow of doubt that the U.S. economy is downshifting rapidly; the only question is how deep the slowdown goes, ... We do not expect to see recession in 2001, but we certainly expect to see significantly slower growth with continued moderating inflation.

While market participants are focusing on the recession signal associated with an inverted yield curve, consumers are feeling more confident about the economy heading into 2006.

We've basically been in one long recession that started in the fall of 2000,

Three years after a recession we're still having trouble getting into a recovery. I would have expected poverty to go down.

With the price of oil moving up and the tension in the Middle East would suggest that the possibilities of a recession are increasing in terms of inflation, ... The Fed's number one target is to keep inflation under control. If energy prices continue to accelerate then the Fed doesn't need to raise interest rates because the economy is going to slow anyway.

With today's report, the odds of a negative quarter of GDP growth have increased substantially, and the chances of a full-fledged recession just went up -- perhaps approaching 50-50. Job losses cut directly into the spending of the newly unemployed, and indirectly tend to have a very real impact on the confidence of those who are still working. If demand falls, firms will lay off more employees, and the downward spiral could put us over the edge into a bona fide recession before the Fed's actions can take effect.

There is a serious shift going from the growth companies in the old economy to growth companies in the new economy that have been quite tarnished over the past nine months. The tech recession was the catalyst and we are genuinely seeing a slowdown in old economy sectors.

There is a recession already in some industries. And I think the key driver is going to be the consumer and how bad the unemployment rate is going to be, considering that layoffs are starting to pick up.

There is a reason for stock markets to be worried. But I don't think we need to talk about recession yet -- it's not on the radar screen.

There are some people who would have it politically convenient to have a recession because that means they would have a political advantage. We are not going to let that happen, ... By moving that tax cut early and having it in time to kick this economy up and get it going, we are not going to let that happen.

We're at a point where there is some rotation, but I believe it's a very positive development because you're getting broader participation on the economically sensitive sector because, the fear of recession is going away and the deflation fear is gone, ... Business Day.

Yesterday (Monday) was a technical rally. There's still a lot of uncertainty about a potential recession and about what's going to happen on the diplomatic front.

The outlook for recovery is fading. We are looking at another possible recession in manufacturing which would not bode well for the overall economy.

The profit recession is here and people are still uncertain as to when things are going to come back. There's still a lot of nervousness.

When the markets struggled for a technical bounce in the morning, that was investors sending a message that we're either heading toward an economic recession or toward a profits recession.

We might be out of recession already. The recovery could be more vigorous than earlier anticipated.

There are times when the economy is resilient. In all of the shocks where recession resulted, it's like things were lined up like dominos -- you knock one down and they all come down. This is not one of those times.

Nobody would have wished or known that the recession was going to be so bad, that budgets would be so bad. But that doesn't change the fact that we have these standards.

point to recession in both the manufacturing sector and the general economy.

On Sept. 10, there was a strong chance we'd dodge a recession as historically defined. One reason we had dodged a recession was remarkably timely Fed policy. Fed policy has as much chance to work as it ever has.

If we hadn't had a recession a year ago, and we were watching the fall in employment, a stalling manufacturing sector, falling bond yields and falling stock prices, many people would think we were entering a recession. There's an assumption that the recovery will continue and get stronger next year, when in fact it's possible the economy's tipping over again.

If these declines were part of the normal economic cycle we would now call for a recession in the U.S., but they aren't. The index is responding to a shock, and we expect it quickly to rebound.

I grew up in a council house in a poor Scottish town. I came of age during the recession of the mid-1980s when unemployment in my area reached 40 per cent.

I borrowed more money than I ever imagined borrowing. We finished three models and, within six months, the worst housing recession in the history of the state hit. You couldn't sell a house for what you built it for. It was terrible. We were going to lose everything.

Business owners have been burned by the recession in the past, so they'll take on some temporary staff and then convert them to full time when they know the recovery is for real.

Growth is expected to slow further, with a recession possible.

I don't think we're talking about a recession or a near recession. I think we're talking about growth that is slower than people expected.

I don't think we're in bad shape. I think we're in a recession. I think we're in very good shape to weather this recession and make it a short, shallow one.

If it hadn't been for the mining boom, Australia might be in a recession now.

If it's not a recession it's certainly looking and smelling like one.

If we are right that both the pace of economic activity and corporate earnings are still fraught with near-term, downside risk, equity values and risk spreads will carry a recession uncertainty premium for some time -- a premium that the Fed will still want to counter.

We're now in the 'middle innings' of the current economic expansion, and the next economic recession is not yet in sight.

There is a multiplicity of reasons why the ECB has eased again and by so much. Critically the euro zone fundamentals have been crying out for lower rates for quite some time, with growth momentum slowing in the EMU area, Germany close to a double dip recession and inflation set to slow dramatically next year.

There is a multiplicity of reasons why the ECB has eased again and by so much, ... Critically the euro zone fundamentals have been crying out for lower rates for quite some time, with growth momentum slowing in the EMU area, Germany close to a double dip recession and inflation set to slow dramatically next year.

We may have hit bottom here, to some extent. We're facing two quarters -- the fourth of 2001 and the first of 2002 -- of close to zero growth. But this may be the first recession we've gotten through without two quarters of consecutive shrinking gross domestic product (GDP).

We may have hit bottom here, to some extent, ... We're facing two quarters -- the fourth of 2001 and the first of 2002 -- of close to zero growth. But this may be the first recession we've gotten through without two quarters of consecutive shrinking gross domestic product (GDP).

We may be entering a recession here. So if I owned a small business, I would pay very close attention to controlling costs and develop a contingency plan.

Katrina has shaken the very foundations of the U.S. economic expansion when it ruined much of America's energy infrastructure, ... While a recession is unlikely, the probability of stagflation has greatly increased with inflation moving higher even as the economy slows.

Job losses cut directly into the spending of the newly unemployed, and indirectly tend to have a very real impact on the confidence of those who are still working. If demand falls, firms will lay off more employees, and the downward spiral could put us over the edge into a bona fide recession before the Fed's actions can take effect.

I think investors should strongly invested, ... They should realize that doom and gloom and all of this talk of recession is typical of major market lows. I think they should realize that the average decline within these long-term 'super bull' markets is 19 percent. And we've been down 27-to-28 percent. It's a great time to buy.

It can't just smell like a recession - it has to smell, look and taste like one.

It confirms that this recession in 2001 was not particularly mild or as short as some folks had thought, ... We were expecting at least two negative quarters, and the fact we had three is a little bit of a surprise. That helps explain why we're having so much difficulty generating some positive momentum right now. The economy was weaker than we had thought.

It is a coming back down to earth. About two or three months ago, the world was swept up by the notion that the economic recession is over and the good times are rolling again. That meant consumers would be knocking down the doors of retailers the way they did a few years ago. But guess what? It ain't happening.

I think the market needs to believe that interest rates have peaked, and secondly, that we are not going to have a recession at that point.

I think we've got to try our best to come together, to collaborate, try to move this budget in the right direction and get the country out of recession and start building stable, good jobs for American people.

I was working out here during the recession that started in the late 1980s and lasted until about 1995, and it was terrible. But this market today is about as good as it gets.

I think the yield has worried investors. Some investors believe that it's a signal that a recession lies ahead. I believe that is a faulty interpretation.

It is a recession when your neighbor has lost his job. It is a depression when you have lost yours

I think there is a 40 percent possibility that we will hit a recession next year.

Kraft is recession proof. When the market turned down, food became very popular.

People are saying at some point the recession will be over and earnings will come, and at some point you have to own stocks.

Over the next six months, we believe there will likely be confirmation that this recession is deeper than that of 1998.

Our continuous checks with (chief information officers) indicate they are now very worried about economic recession and are reassessing near-term IT spending plans and priorities.

Out of those five times, the economy fell into recession 100 per cent of the time.

Our company has weathered one of the most difficult quarters in history, marked by recession and war. The remainder of the fiscal year should benefit from operating improvements currently under way, as well as favorable trends for some of our most important products and brands.

Remember the recession in 2001? Now we're finally starting to pick up in the last few quarters.

Recently released government economic statistics covering 2010, the first year of real recovery from the financial collapse of 2008, found that fully 93 percent of additional income gains coming out of the recession went straight into the wallets and purses of the top 1 percent.

Recession is like Failure, it is an Event not a Person, so Just Move on

recession fears are unwarranted for this year and the next.

Our leading indicator - the one that's never lied to us like the politicians - suggests only 23 percent probability of recession over the next 12 months, that's very low.

Starting with the recession in the mid-70's, the worse the economy got the better Wal-Mart sales would be. Now, like everybody else, Wal-Mart is using every excuse in the book to disguise company-specific problems.

I think monetary policy coming out of the 2001 recession did what it was intended to do, which was cushion the interest-sensitive sectors of the economy, including housing.

I'm struck, ... Originally I thought that in a recession we could get below 5 percent, but we're not even close to one (a recession.)

Many Americans who have suffered during a recession have had to cut their spending 1 percent, and they didn't like doing it, but they were able to do it to get their family's finances back in order.

Manufacturing has already been in an a recession ... but we were looking for a fourth-quarter turnaround. With the interest rate cuts, tax cuts, and (the fact that) many manufacturers had gone through their inventory set us up for a reasonable recovery.

The 2008 financial crisis and the Great Recession that followed have had devastating effects on the U.S. economy and millions of American lives. But the U.S. economy will emerge from its trauma stronger and widely restructured.

The 2008 economic crisis and Great Recession forced widespread restructuring throughout the U.S. economy - not unlike a company gritting its teeth through a lifesaving bankruptcy.

The 2001 recession hit us hard, and we've seen slow growth since then. We need a strategy to drive growth.

That's unsustainable. There is an unpleasant adjustment in our future. We will have to adjust our lifestyles to our means. There will be a sharp recession if not a depression.

I was offered Fagin-type roles, but I wanted to do new things. I could have worked in America, but there was a recession in the British film industry, and I wanted to work in England. I've no regrets.

I would agree that the risk of recession is greater today than it was a month ago. I can certainly think of how we can get to recession.

While we're still skating on the edge of recession, I think the outlook for the economy is now quite encouraging. We may not feel great right now, but if a recession is a nasty case of the flu, the good news is that all we're suffering now is just a really bad cold.

We've gotten tremendous support. Everybody now understands how critical it is to help small businesses get out of this recession and into recovery.

We've lost 2.5 million manufacturing jobs since the recession hit,

We're not at gas prices that pose some kind of a tipping point. There have been botched forecasts of a recession at every $10 move (higher) in crude oil futures.

Today's manufacturing output figures were ... worse than the market expected. The sector continues to stagnate and is persistently failing to sustain a recovery. The figures also confirm that the sector was in technical recession in the first half of 2005, ... The manufacturing sector's acute underlying weaknesses reinforce our view that we will need further interest rate cuts later in the year.

While the 2001 recession contributed to higher loan losses in 2002, low interest rates and strong consumer demand helped boost earnings to record levels.

we don't have a recession with these figures.

The outlook for the second half is shakier -- but we do not see any sign of recession here.

We are gradually, slowly building investor confidence that the profit recession will end, ... What's leading to the bullishness is not anything you are currently looking at. Earnings are dismal, but investors are becoming more optimistic that the profits recession will end.

We're late in the economic cycle. We're slowing down or at least -- I won't say going into recession but we're slowing down -- and we've got some troubles overseas with Asia. These aren't huge ones, but these could slow earnings growth to about 5 percent for the S&P 500.

We're not going to be in a recession if the economy reverses quickly. But if the war keeps going on, recession is a major risk.

We still believe that the recession will persist through the winter, mainly because major job loss looms ahead in order to restore profit margins.

Trade barriers do not address competitiveness problems. Barriers do not create incentives to restructure, consolidate, reform, and innovate. (Tariffs will) increase the likelihood of a prolonged economic recession through inflationary prices.

The data nonetheless shows the U.S. manufacturing sector is in recession and that the ISM could fall further if the war is prolonged beyond April.