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Much is said about the current recession. People complain about how the economic crisis makes your life worse. The economic recession often refers to two quarters of negative economic growth. A severe recession lasting more than two years, is a depression.

A recession is marked by rising unemployment, increasing debt burden of the state, reducing the share and stock prices and under investment. All these features affect people.

People have a basic understanding of the negative impact of recovery. But how does an ordinary consumer to maintain employment crisis particularly affected, it is not really clear.

John Schmitt and Dean Baker released a new report on the possible impact of recession as the expected economic impact for the next recession this year. The 2008 report of the recession in the United States is perceived to increase the national employment rate from 2.1 to 3.8 percentage points. This is equivalent to 3.2 million and 5.8 million unemployed Americans. Calculated Risk contained in this report and the history of U.S. recession, which is based on the economic crisis, how high the number of unemployed persons increased measured.

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The consensus of analysts that an appreciation of 10% in the euro exchange rate is causing a decline of one percentage point growth in the euro zone during the last two years, with a special emphasis in the second period. ‘Maintaining a high euro reduces Europe’s ability to generate wealth, and that makes it a less competitive area, explains a specialists of the euro economy. But in reality, this impact is not as easy to define, since it involves many nuances. For example: a strong currency attracts foreign investments in all asset classes. Another, the oil that is traded in dollars, has risen 95% in a year and a half, but the cost measured in euros has increased by 33%.

To what extent is damaging the appreciation against the dollar?

Very important, but not as much as it used to be in the past. The USA is no longer the largest trading partner on the bloc. The United Kingdom accounts for 16% of the exports of the euro area, while the U.S. equivalent to 14% and the rest is divided among various partners. ‘The most relevant to the regional economy is not crossing against the dollar, but the effective exchange rate, against major trading partners,’ says Anton Brender, Chief Economist at Dexia Asset Management. ‘An ideal combination would be a slight appreciation against the dollar, which would reduce the oil bill, and depreciation against other currencies, “suggests Brender. But, of course, that perfect combination is something that currently is not happening.

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