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	UPDATE 1-U.N. sees rising risk of world economic recession | Reuters . In an annual report, the world body forecast global economic growth at 3.4 percent for 2008, only slightly lower than last year, but said that under a pessimistic scenario, if U.S. ... [ Click To Open In A New Window ]

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World Economic Recession Recent Stories and News Recession, bank run talk: Spain's woes grow Spain's borrowing costs shoot up, after the country falls back into recession. Read more... Moody's downgrades 26 Italian banks Credit rating agency says move prompted by economic recession and government austerity measures that have hurt demand. Read more... On Gateway, thoughtful decision-making needed Economic development in the wake of a deep economic recession is difficult enough, but measured economic growth in the wake of recession is a bigger challenge. Staunton officials are in that weighing stage now. Read more... Spain back in recession Economic data has confirmed Spain is back in recession. Read more... Economic Report: Home-builder sentiment at best since recession Home builder sentiment improved in May to the highest reading since the recession on an upturn in sales and traffic, a trade group said Tuesday. Read more...