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Exact(17)
We still see risks for Spain in the coming months as a deeper than expected recession in 2013 would completely offset the positive effects of the fiscal consolidation process.
Leaving aside the effects of the fiscal stimulus, China could face a hard landing growth rate of 6% in 2009.
The payroll tax, the sequester and other effects of the "fiscal cliff" deal at the start of the year could carve 1.5percentt from GDP this year, economists have estimated.
The higher payroll tax, along with the sequester budget cuts that will start to kick in on Friday, and other lingering effects of the "fiscal cliff" that loomed at the start of the year, will cut economic growth this year by 1.5percentt.
The $787 billion economic stimulus package recently signed into law should increase demand and production over the next two years, Mr. Bernanke said, before adding that "the timing and the magnitude of the macroeconomic effects of the fiscal program are subject to considerable uncertainty".
But companies are already warning investors about the harsh effects of the fiscal cliff.
Similar(42)
Meanwhile, your job is to tend your livestock and recover from the effects of the winter".
What were the long-term physical, as well as psychic, effects of the winter journey?
"They did not experience the polarizing effects of the 1960s and the Vietnam War".
On the other hand, food prices were up by a modest 0.1%, with no residual effects of the summer drought.
Still, the officials reported that their cities were still feeling the effects of the 2008 recession.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com