'In a recession there are more burglaries, and that creates more work.
A recession there this year, as has been widely forecast, would hurt all major exporters, including the United States.
As two-fifths of exports are shipped to the euro zone, recession there will drag down Britain's economy as well.
Last Wednesday, amid reports of an easing recession, there seemed to be slightly less sticker shock at the shop.
Earnings in Brazil were weak, Mr. Huber acknowledged, reflecting a recession there and price controls, which Aetna said were temporary.
Since the recession there are now fewer local competitors in any case, as three of the "big seven" have been swallowed by rivals.
The American economy has slowed sharply in the past nine months—so sharply, indeed, that some economists still expect a recession there.
But the rest of the world is growing strongly and unemployment in America remains low, so a recession there is by no means inevitable.
For cricketers, these are huge sums and the top price has gone up since last year.There is little hint of global recession there.
"With the European Union accounting for one-third of global import demand, a recession there will inevitably take its toll on East Asia," the World Bank said.
During recession there is a rapid reduction in along river connectivity in the first week after the peak.
