Edgar Fiedler Quotes

One of the reasons the deficit got as big as it did, frankly, was because of the economic slowdown, the fall-off in deficits, the terrorist attacks. A significant chunk was taken out of the economy by what happened after the attacks of 9/11.

To the contrary, when you look at projections, both Polish and international, we can expect some slowing down of the rate of growth in the coming year, 2012. But of course these are projections.

In China anything less than 6% growth is a recession meaning that it also causes financial problems and it's disruptive and it's a problem.

People stop buying things, and that is how you turn a slowdown into a recession.

No one saw the recession coming.

After a major loss of dynamism in the 1960s, productivity growth rates began dropping in most countries, falling by half in the U.S. in the 1970s and more or less ceasing altogether in France, Germany and Britain in the late 1990s.

The upward economic movement in America has undoubtedly reached its end – the crisis has come.

Experience shows that a recession is never the result of just a few large industries dragging the economy down while the others continue to expand.

When Indian economy was growing at the rate of 8 to 9 percent, I think everybody was quite happy. Even when there were defects in our policies, they were overlooked, and when the economy slows down, people try to find fault and excuses.

America is dying at 1 percent GDP.

Our gross domestic product, or GDP, is barely above 1 percent. And going down.

No I don't think it was a myth at all, anymore than what the recession that the whole country was experiencing was a myth, which obviously seems like it's going to get worse and worse.

A recession is when a neighbor loses his job. A depression is when you lose yours. And recovery is when Jimmy Carter loses his.

This crisis is not simply a more severe version of the usual business cycle recession, the typical downturn in which economies ultimately adjust and stabilize.

The entire economy, of course, is locked in a down cycle right now. Last time we weathered this was during another Bush presidency in '90. We were locked in it for a year and a half and everyone came out of it.

By the end of the 1970s Britain was in a mess.

You know, my Grandpop Finnegan used to have an expression: he used to say, 'Joey, the guy in Olyphant's out of work, it's an economic slowdown. When your brother-in-law's out of work, it's a recession. When you're out of work, it's a depression.'

Slumps are like a soft bed. They're easy to get into and hard to get out of.

Should that worse scenario materialize, then most probably our propensity to increase interest rates will be weaker.

This recession is the deepest in our lifetimes, the deepest since 1929. If you take the people thrown out of work in the 1982 recession, the 1991 recession, the 2001 recession, not only is this bigger, this is bigger than all of those combined.

The public is even more pessimistic about the economy than even the most bearish economists are.

Russia has gone through eight years of continuing economic pain.

We do see significant signs of a slowdown, in the economy worldwide.

I think we're going to have some difficulty in front of us. I have absolutely no doubt the next three, four years Europe are going to be at best stagnation. We are preparing for tough times.

The impact of the downturn is starting to feel very real. House prices and the housing market have been taking the knock for some time and that's affecting people.