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That's what you expected when we were in recession.
Many areas were in recession last year with unemployment reaching as high as 30percentt in some towns.
Construction, manufacturing, and retail sectors were in recession, and foreign investors crossed the border to South Africa.
It would be difficult for the euro zone to grow with any vigor if France were in recession.
By year's end, all of the world's major economies were in recession or struggling to stay out of one.
Steven Cochrane, a senior managing director at Moody's Economy.com, said some big states, including California, Michigan and Florida, already were in recession.
Similar(47)
Japan is in recession.
Britain was in recession.
Europe's economy has been in recession.
All of North America is in recession now.
The export-led economy was in recession.
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