Which nation slipped back into technical recession in mid-November 2014?
Great Recession -9.3%, -10.3%), and the two quarters from Q3-2012 until Q4-2012 (with respective qoq-changes of: -1.5% and -0.8%). Japan was in recovery in the middle of the decade 2000s but slipped back into recession and deflation in 2008. The recession in Japan intensified in the fourth quarter of 2008 with a GDP growth of −12.7%, and deepened further in the first quarter of 2009 with a GDP growth of −15.2%. On February 26, 2009, an Economic Intelligence Briefing was added to the daily intelligence briefings prepared for the President of the United States. This addition reflects the assessment of U.S. intelligence
Great Recession in Europe Other eurozone members saw a decline in their economies in the second quarter as well; France by 0.3 percent, Finland by 0.2 percent while the Netherlands showed zero growth in the second quarter. However the final estimates released by the INSEE, France's statistical agency, showed the French economy grew by 0.14 percent during the third quarter thus barely avoiding a technical recession. In the first quarter of 2009, France fell into recession, the last developed nation in Europe to do so. In order to fight the economic crisis, French president Nicolas Sarkozy announced a €26 billion rescue plan which will