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Recession

Thursday, February 02, 2012 Recession

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Recession 2/2/2012

14:27 : Summary Box: Debt crisis threatens Portugal - DEBT DELUGE: Portugal's debt-crippled economy is choking amid grinding austerity measures, a steep recession, an acute shortage of cash and unemployment at a record 13.6 percent....

Source : usnews-com

00:15 : The GBP is also sharply higher against the USD - US ISM falls short of forecasts at 54.1, but remains at a 7-month high; ADP falls short of expectations at +182K; Manufacturing in both Germany and France surprised to the upside, quelling fears of an imminent region-wide recession; ...

Source : fxstreet-com

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