This economy will recover. And that means people will go back to work. Unemployment will get back down. — Jerome Powell
But economic recovery must be earned. And it will be earned by entrepreneurs and it will be earned by small businesses. — Jon Huntsman, Jr.
The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again. — Ben Bernanke
Our economy isn't going to recover until the housing market finds its footing. — Mark Zandi
It's a different kind of economic recovery. The kind where bankers steal trillions and you don't have a job. — Alex Jones
Unemployment, foreclosures, bankruptcy - the cure is not more government spending, but helping businesses create jobs. — Brian Sandoval
First, we need to make all-out efforts to fight COVID-19. To emerge from the shadow of the pandemic and achieve steady economic recovery at an early date is the most pressing task for us. — Xi Jinping
Longer and deeper recessions tend to leave behind damage to people’s careers. And that weighs on the economy going forward. — Jerome Powell
There are a number of steps that we can take to reinvigorate and rebuild the economic and the physical infrastructure of our country and then to rebuild us, frankly, on a spiritual level. — Carol Moseley Braun
Maintaining confidence in international trade will be critical to the broader economic recovery in the post-Covid world. — Liz Truss
Additional fiscal support could be costly, but worth it if it helps avoid long-term economic damage and leaves us with a stronger recovery. — Jerome Powell
Budget consolidation and economic growth are two sides of the same coin. — Angela Merkel
We need a national focus on increasing the sustainable growth rate of our economy. — Jerome Powell
Every month that we do not have an economic recovery package 500 million Americans lose their jobs. — Nancy Pelosi
In 1998, the Russian economy was on the brink, and then it rebounded. It happened quite quickly. India too—I have no doubt it will rebound. — Bernard Arnault
Short Economic Recovery Quotes
It's a recession when your neighbor loses his job; it's a depression when you lose yours. — Harry S Truman
It's a recession when your neighbor loses his job; it's a depression when you lose yours. — Harry S. Truman
We must invest in infrastructure development and rebuilding communities to create jobs. — Carol Moseley Braun
A recession is like a Black Friday Sale for investors. — Jaspreet Singh
Unemployment benefits are creating jobs faster than practically any other program — Nancy Pelosi
Through hard work and education, we can deliver a strong economy and opportunity for all. — Julia Gillard
Fall seven times, stand up eight!
Economic Recession Quotes
Small to medium sized enterprises make up over 60% of employment in the UK. It wouldn’t be crazy to imagine half shutting down as they’re bankrupted by energy costs. People need to get serious of what a true economic collapse would look like. It ain’t like a simple recession. — Philip Pilkington
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. — Friedrich August von Hayek
Investing, like economics, is more art than science. And that means it can get a little messy. — Howard S. Marks
Mental illness is not a choice... But recovery is
There will always be a business cycle, and white-collar workers will get hit in the next recession like they always do in recessions. — Robert Reich
Democracy thus becomes a mass delusion of people attempting to override the rules of economics by voting themselves a free lunch and being manipulated into violent tantrums against scapegoats whenever the bill for the free lunch arrives via inflation and economic recessions. — Saifedean Ammous
Credit is like a drug. Initially, it feels great as it stimulates economic activity, but eventually, you become addicted and require more and more to achieve the same effect. — Russell Napier
We're all consumers. The consumer is not a moron; she is your wife.
Credit is the oil in the engine of economic growth, but too much oil can cause the engine to seize. — Russell Napier
Handling covid, we made a lot of big mistakes, and it led to tens of trillions of dollars of economic damage and millions of lives lost. Much of that was preventable. — Sam Bankman-Fried
I believe that the economics which deal with forecasting business trends may be considered to be about as far along as was the science of chemistry during the days of alchemy in the Middle Ages. — Philip Arthur Fisher
As sure as the spring will follow the winter, prosperity and economic growth will follow recession. — Bo Bennett
Economic Crisis Quotes
I will not let anyone tell me we must spend more money. This crisis did not come about because we issued too little money but because we created economic growth with too much money and it was not sustainable growth. — Angela Merkel
The climate crisis is being used to create totalitarian controls on society by the World Economic Forum, Bill Gates, and all of these megabillionaires. — Robert F. Kennedy, Jr.
Now our Earth is swarmed with issues such as life, death, illness, wars, economic crises and many others. It is time that we sing out loud the message, 'Love forever.' — Yayoi Kusama
Price is what you pay. Value is what you get.
The financial crisis should not become an excuse to raise taxes, which would only undermine the economic growth required to regain our strength. — George W. Bush
If we have an economic crisis in the Western world it's because the government makes up 50 percent or more of the economy. This is a cancer that is taking away people's freedom. — Marc Faber
The exchange-rate trap, another legacy of this former president Alberto Fernández’s government, not only constitutes a social and productive nightmare, but also the surplus of money today is double what it was before the Rodrigazo economic crisis of 1975. — Javier Milei
Wealth breeds a class of people for whom human beings are disposable commodities. Once oligarchs achieve unchecked economic and political power, as they have in the United States, the citizens too become disposable.
What the people here have said is that given the enormous crises facing our country, it is just too late for the same old, same old establishment politics and establishment economics. — Bernie Sanders
The economic crisis really affected my family - 2006 to 2011 were really bad times. Almost everybody in my family lost their jobs. — Joey Badass
Women's struggle for equality worldwide is about more than equality between men and women. Our struggle is about reversing the trends of social, economic, political, and ecological crisis - a global nervous breakdown! Our struggle is about creating sustainable lives and attainable dreams. — Bella Abzug
Marxists have more than once pointed out that the capitalist world economic system contains in itself the seeds of a general crisis and of warlike clashes. — Joseph Stalin
Economic Growth Quotes
Economic growth without investment in human development is unsustainable - and unethical. — Amartya Sen
We cannot choose between [economic] growth and sustainability - we must have both — Paul Polman
Sustainable development is the pathway to the future we want for all. It offers a framework to generate economic growth, achieve social justice, exercise environmental stewardship and strengthen governance. — Ban Ki-moon
Government is not the generator of economic growth; working people are. — Phil Gramm
Technological innovation is indeed important to economic growth and the enhancement of human possibilities. — Leon Kass
We will become a global advocate for rainforest preservation and marine restoration. We will rethink development policies that promised economic growth while ignoring ecological sustainability, and ended up delivering neither. — Robert F. Kennedy, Jr.
Politicians of both parties told us that free trade with Asia and Latin America would spur economic growth, and maybe it did somewhere else. — James David Vance
We need to gain an accurate understanding of what sustainable development means, put the people first, and strike a balance between economic growth, ensuring people’s well-being, and energy conservation and emissions reduction. — Xi Jinping
Having a lower tax, simpler, fairer, flatter tax system is something that can drive growth. — Rishi Sunak
We need peace and stability in the Asia-Pacific region. It is important to have political and security stability to build up our economic growth. — Joko Widodo
Recession Quotes
Listen to your heart and not your ego. Your ego prompts you to boast of vain assertions to obtain the glory of this world. Turn away from vanity and seek Him in the recesses of your heart and soul — Abdul-Qadir Gilani
All men dream, but not equally. Those who dream by night in the dusty recesses of their minds, wake in the day to find that it was vanity: but the dreamers of the day are dangerous men, for they may act on their dreams with open eyes, to make them possible. — Thomas Edward Lawrence (of Arabia)
Studying the martial Way is like climbing a cliff: keep going forward without rest. Resting is not permissible because it causes recessions to old adages of achievement. Persevering day in, day out improves techniques, but resting one day causes lapses. This must be prevented. — Mas Oyama
Market crashes and recessions create more millionaires than any other time. The catch: You have to be prepared AND financially educated. — Jaspreet Singh
I basically got an education in software on DuPont's money because they were too stubborn to admit that a recession was coming. — Michael Saylor
Those traits that pass into hybrid association entirely or almost entirely unchanged, thus themselves representing the traits of the hybrid, are termed dominating and those that become latent in the association, recessive. — Gregor Mendel
Forcing humans to sit still all day is foolish. Recess is sacred—for children and adults alike! — Sahil Bloom
The financial crisis and the Great Recession posed the most significant macroeconomic challenges for the United States in a half-century, leaving behind high unemployment and below-target inflation and calling for highly accommodative monetary policies. — Jerome Powell
The financial crisis and the Great Recession left firms with excess capacity, reducing incentives to invest. — Jerome Powell
In business, one should never take anything for granted. Your fortune can change in five minutes. — Koos Bekker
Economic Downturn Quotes
High gas prices are eating away at consumers disposal income and could lead to a further economic downturn, especially for those whose livelihood depend on gasoline and diesel fuel. — Major Owens
Most analysts would agree that if all the undocumented immigrants in California were deported in one day, our state would experience a severe economic downturn. This does not even consider the many cultural and spiritual gifts these immigrants bring to our state and nation. — Roger Mahony
The economic downturn is our wake-up call to slow down, consume less, help each other, & live more! — Phil Harding
Unsolvable problems do not exist. Any crisis is a combination of specific tasks to be worked on. The government has the experience and reserves to overcome the economic downturn — Dmitry Medvedev
One thing I learned in '97, when I thought the right time to found a company was during a swing-up, is that it's much better to start during an economic downturn. Partnerships are easier; hiring is easier; and the competition starts later. — Reid Hoffman
Curiosity has ... proven to be a great ingredient in resilience, a trait particularly valuable in an extended economic downturn. Resilient people aren't made of steel; they just provide themselves with more options, and those options come from a curious mind. — Chip Conley
You know, if I listened to Michael Dukakis long enough, I would be convinced we're in an economic downturn and people are homeless and going without food and medical attention and that we've got to do something about the unemployed. — Ronald Reagan
Raising taxes in an economic downturn is not a good idea. — Martha McSally
High gas prices are eating away at consumer's disposal income and could lead to a further economic downturn, especially for those whose livelihood depend on gasoline and diesel fuel. — Major R. Owens
Economic Development Quotes
The oil is a gift bestowed by God on the Arab nation, to use after centuries of poverty, backwardness and servitude - in raising its living standards, developing its economic, social and cultural conditions, and building up its own power to meet the challenges and conspiracies besetting it. — Saddam Hussein
Neither the military might nor the economic and technological development makes a nation great. It is made great by it's citizens with Self Respect and Integrity ingrained in their lives. — Pandurang Shastri Athavale
...climate change is accelerating. It threatens our well being, our security, and our economic development. It will lead to uncontrollable risks and dramatic damage if we do not take resolute countermeasures. — Angela Merkel
This will enable us to catalyse green transition in the course of economic development and achieve greater development through green transition. — Xi Jinping
Development is about transforming the lives of people, not just transforming economies. — Joseph Stiglitz
It will bring financial inclusion, investment, tourism, innovation and economic development for our country. — Nayib Bukele
The solution is to first create an integrated economic development and recreation plan that addresses the needs of the people who live and recreate in central Idaho. — Michael K. Simpson
To develop political and economic power in a capitalist society, you need capital. — Bobby Seale
Further diversifying our economy is a key strategic focus of our future plans. It is therefore necessary to accelerate economic development efforts to continue building a leading global economy, to enhance our competitiveness and achieve the highest global rankings. — Mohamed bin Zayed Al Nahyan
There is a clear political desire to rebalance the British economy away from London towards the regions, and away from the services sector towards manufacturing. — Rishi Sunak
Great Recession Quotes
The exposure from 'Iron Chef' has been helpful, but at the end of the day your product and your service determine whether you get customers or not. If people decide to eat out less during a recession, the first restaurants that they will cut out are the ones that don't do a great job. — Michael Symon
Many of the great financial disasters we’ve seen have been failures to foresee and manage risk. — Howard S. Marks
Up to our own day American history has been in a large degree the history of the colonization of the Great West. The existence of an area of free land, its continuous recession, and the advance of American settlement westward, explain American development. — Frederick Jackson Turner
The biggest problem in correcting errors in the market is that stocks look best when they are at the peak and not so great when they are at the bottom. — Thomas Phelps
There may be a recession in stock prices, but not anything in the nature of a crash. — Irving Fisher
While some people might find it distasteful to pay taxes, I don't. I find it patriotic. — Mark Cuban
As sure as the spring will follow the winter, prosperity and economic growth will follow recession. — Robert Foster Bennett
Once supply begins to dwindle, the years to follow will see shortages that at best will cause global recession, possibly worse than the 1930s Great Depression, ... war, famine, pestilence and death. — Kenneth S. Deffeyes
Housing was ground zero for the Great Recession. Between early 2006 and Obama's inauguration in 2009, average house prices fell by a third across the country. In certain areas, including cities as diverse as Akron, Orlando and Las Vegas, house prices fell by more than half. — Mark Zandi
Art is the effort of man to express the ideas which nature suggests to him of a power above nature, whether that power be within the recesses of his own being, or in the Great First Cause of which nature, like himself, is but the effect. — Edward Bulwer-Lytton, 1st Baron Lytton
Economic Depression Quotes
Economic depression cannot be cured by legislative action or executive pronouncement. Economic wounds must be healed by the action of the cells of the economic body - the producers and consumers themselves. — Herbert Hoover
There is a difference between broke and being poor. Being broke is a temporary economic condition, but being poor is a disabling frame of mind and a depressed condition of your spirit, and you must vow to never, ever be poor again. — John Hope Bryant
Stock prices have reached what looks like a permanently high plateau. I do not feel there will be soon if ever a 50 or 60 point break from present levels, such as (bears) have predicted. I expect to see the stock market a good deal higher within a few months. — Irving Fisher
Depressions and mass unemployment are not caused by the free market but by government interference in the economy. — Ludwig von Mises
The end of the decline of the Stock Market will probably not be long, only a few more days at most. — Irving Fisher
The U.S. dollar is in terminal decline. America is tragically bankrupt, unable to pay its lenders without printing the dollars to do so, and enmeshed in an economic depression. The clock is ticking until the dollar faces a crisis of confidence like every other bubble before it. — Peter Schiff
I see nothing in the present situation that is either menacing or warrants pessimism... I have every confidence that there will be a revival of activity in the spring, and that during this coming year the country will make steady progress. — Andrew Mellon
No one can possibly have lived through the Great Depression without being scarred by it. No amount of experience since the depression can convince someone who has lived through it that the world is safe economically. — Isaac Asimov
For the immediate future, at least, the outlook (stocks) is bright. — Irving Fisher
Economic depression can not be cured by legislative action or executive pronouncement. — Herbert Hoover
Economic Climate Quotes
This is probably the most difficult task we have ever given ourselves, which is to intentionally transform the economic development model, for the first time in human history. — Christiana Figueres
There's a snobbery at work in architecture. The subject is too often treated as a fine art, delicately wrapped in mumbo-jumbo. In reality, it's an all-embracing discipline taking in science, art, maths, engineering, climate, nature, politics, economics. — Norman Foster
The surest path to safe streets and peaceful communities is not more police and prisons, but ecologically sounds economic development. And that same path can lift us to a new, green economy - one with the power to lift people out of poverty while respecting and repairing the environment. — Van Jones
We've got to ride the global-warming issue. Even if the theory of global warming is wrong, we will be doing the right thing in terms of economic policy and environmental policy. — Tim Wirth
The basic building block of peace and security for all peoples is economic and social security, anchored in sustainable development. It is a key to all problems. Why? Because it allows us to address all the great issues-poverty, climate, environment and political stability-as parts of the whole. — Ban Ki-moon
The road to energy independence, economic recovery, and greenhouse gas reductions runs through the building sector. — Edward Mazria
Our economic system, run for profit and waste and based primarily on the extractive industries, is the cause of climate change. We have wasted the earth's treasure and we can no longer exploit it cheaply. — Vivienne Westwood
That's in part what the Green New Deal is designed to do. So it's not only to address the climate emergency, but also to address the economic emergency, because the recovery has really gone to the top. — Jill Stein
Any serious social, political, and economic change must include veganism. — Gary L. Francione
The businessmen of the world who are not taking environmental matters seriously are just wasting money, aside from damaging the environment it's wasting money and in this economic climate you just can't afford to do that. — Lewis Pugh
United States Economy Quotes
Long experience, in the United States and in other advanced economies, has demonstrated that monetary policy is most successful when decisions are rendered independent of influence by elected officials. — Jerome Powell
You know, God bless him, bless his heart, president of the United States, a total failure, losing all credibility with the American people on the economy, on the war, on energy, you name the subject. — Nancy Pelosi
The fact that, in the United States, there are people serving ten-year prison terms for growing marijuana plants in their backyards while Wall Street racketeers, who have defrauded millions of people and destroyed the global economy, walk free is a kind of bizarre hypocrisy that boggles my mind. — Mark Haskell Smith
One good thing about California is we have quite a broad-based economy. We provide more fruits and vegetables and produce to the United States than any other state. So we have actually the single largest agricultural sector in the country. — Meg Whitman
In the 'Nike Economy,' there are no standards, no borders and no rules. Clearly, the global economy isn't working for workers in China and Indonesia and Burma any more than it is for workers here in the United States. — John J. Sweeney
Clearly, the Global Economy isn't working for workers in China and Indonesia and Burma any more than it is for workers here in the United States. — John Sweeney
The disgraceful and shameful construction of walls, the increasing enforcement of security systems and increasing violation of human rights and labor rights will not protect the economy of the United States. — Vicente Fox
Kid gets caught with marijuana, that kid has a police record. A Wall Street executive destroys the economy, $5 billion settlement with the government, no criminal record. That is what power is about. That is what corruption is about. And that is what has to change in the United States of America. — Bernie Sanders
One thing I will not compromise over is whether or not Congress should pay the tab for a bill they've already racked up. If Congress refuses to give the United States the ability to pay its bills on time, the consequences for the entire global economy could be catastrophic. — Barack Obama
Any society that entails the strengthening of the state apparatus by giving it unchecked control over the economy, and re-unites the polity and the economy, is an historical regression. In it there is no more future for the public, or for the freedoms it supported, than there was under feudalism. — Robert Higgs
We simply can no longer afford to deny the full potential of one half of the population. The world needs to tap into the talent and wisdom of women. Whether the issue is food security, economic recovery, health, or peace and security, the participation of women is needed now more than ever. — Michelle Bachelet
We were in a good place in February of 2020, and we think we can get back there, I would say, much sooner than we had feared. — Jerome Powell
The world is likely to view any temporary extension of the income tax cuts for the top two percent as a prelude to a long-term or permanent extension, and that would hurt economic recovery as well by undermining confidence that we're prepared to make a commitment today to bring down our future deficits. — Timothy Geithner
This economic boycott is our means of self-defense. President Roosevelt has advocated its use in the National Recovery Administration. — Samuel Untermyer
Without restoring an ethos of social responsibility, there can be no meaningful and sustained economic recovery. — Jeffrey Sachs
There are good people and bad people in all organizations fundamentally however, when you look at the basis of the Tea Party it has nothing to do with race. It has to do with an economic recovery. It has to do with limiting the role of our government in our lives. It has to do with free markets. — Tim Scott
Raising taxes is the last thing we should do amid the weakest economic recovery since World War II. Unfortunately, even if we avoid the full 'Taxmageddon' scenario, President Obama's health care law also contains a new surtax on investment that will take effect in 2013. — John Cornyn
Important as economic unification is for the recovery of Germany and of Europe, the German people must recognize that the basic cause of their suffering and distress is the war which the Nazi dictatorship brought upon the world. — James F. Byrnes
We will pave the way for a transformation and roll back the years of Thatcherism...We will turn economic ruin into economic recovery, and above all pave the way for a General Election to elect a Labour Government. — Arthur Scargill
I would be strongly committed to working with the FOMC to continue promoting a robust economic recovery ... I consider it imperative that we do what we can to promote a very strong recovery. — Janet Yellen
What the president announced yesterday, is that somehow magically, if we just continue to prime the pump of taxpayer dollars, we're going to see magically an economic recovery. — Eric Cantor
Given the rest of the economic news, including the fact that GDP growth is positive, inflation is still low, jobless claims are still moving downward and temporary services are firming up, that means the recovery continues, and we hope it will continue in a more robust fashion. — Elaine Chao
A lot of joblessness in the black community doesn't seem to be reachable through fiscal and monetary policies. People have not been drawn into the labor market even during periods of economic recovery. — William Julius Wilson
The recovery of the banks is what happens when you reduce competition, lend money to them at zero interest rates, allow them to gamble. That particular style of restoration actually inhibits the economic recovery. — Joseph Stiglitz
I don't want to go negative on Franklin Delano Roosevelt, but he didn't pass an economic deal in the first 100 days. We have passed the largest Recovery Act in the history of the country. — Rahm Emanuel
We have to change course. And we have to do so now. That is why I worked with my colleagues in Washington to pass the Economic Recovery and Reinvestment Act. — Debbie Wasserman Schultz
Recently released government economic statistics covering 2010, the first year of real recovery from the financial collapse of 2008, found that fully 93 percent of additional income gains coming out of the recession went straight into the wallets and purses of the top 1 percent. — Eric Alterman
Meaningful rules in the consumer credit market can accelerate economic recovery. Rules would increase consumer confidence and, more importantly, weed out all the tricks and traps that sap families of billions of dollars annually. — Elizabeth Warren
The American people and American businesses are looking to the federal government to lead our nation on the path to economic recovery. It is time to stop splitting hairs. It is time to act. — Joseph Crowley
We are seeing a working-class, a middle class, which over the last three decades has seen their wages and income stagnate, while the very rich have seen their tax burden lighten in ways not seen in three or four decades. It's a face of a country that we need to look at and understand that inequality is perhaps the greatest threat to our economic recovery and democracy, and in that context we must take action. — Katrina vanden Heuvel
A lot of joblessness in the black community doesn't seem to be reachable through fiscal and monetary policies. People have not been drawn into the labor market even during periods of economic recovery. Employers would rather not hire a lot of workers from the inner city. They feel people from the inner city are not job-ready, that the kids have been poorly educated, that they can't read, they can't write, they can't speak. — William Julius Wilson
Our folks have a lot of passion. They're very concerned about the direction of the country and concerned the record debt and deficit and what it means for their kids, concerned about the economy and the fact that we're not getting back on track with the weakest economic recovery since the Great Depression. And at the end of the day, I think that's going to make the difference. — Rob Portman
Oil is a special case. Saudi Arabia is trying to drive U.S. fracking rivals out of business, while also hurting Russia. This lowers gas prices for U.S. and Eurozone consumers, but not by enough to spur economic recovery. — Michael Hudson
I will continue to urge creditors to take the steps needed to put Greece on a path towards a durable economic recovery because it's in all of our interests that Greece succeeds. — Barack Obama
I think what is true is that there's been an underlying division in the United States. Some of it has to do with the fact that economic growth and recovery tends to be stronger in the cities and in urban areas. In some rural areas, particularly those that were reliant on manufacturing, there has been weaker growth, stagnation, people feeling as if their children won't do as well as they will. — Barack Obama
Interesting statistic: In every economic recovery until 1982, working people captured more than 80 percent of the value of the recovery. Since 1982, the top 10 percent has captured 90 percent of the value of the economic recovery. — Julianne Malveaux
We've seen the weakest economic recovery since World War II, and massive levels of inequality and debt. — Kshama Sawant
A level of anxiety and tension and outright fear that so many people have felt, not only during the recession but during this slow economic recovery since. This made me very much want to up the conversation about how miracle-minded thinking applies to that area of life. — Marianne Williamson
The fact is, we'll never build a lasting economic recovery by going deeper into debt at a faster rate than we ever have before. — Ronald Reagan
The problem of Italy is not really a question of age. Japan has an older population, and it is now in full economic recovery. The problem is that Italy is old in the structure of the society. — Romano Prodi
The most essential factor to economic recovery today [1932] is the restoration of confidence. — Herbert Hoover
In the midst of economic recovery and global upheaval, disasters like this remind us of the common humanity that we share. — Barack Obama
The president is eager to get to work and looks forward to working with the new Congress on policies that will make sure middle-class Americans are sharing in the economic recovery, but the president is clear that he will not let this Congress undo important protections gained -- particularly in areas of health care, Wall Street reform and the environment. — Barack Obama
The economy has settled into a sustainable, self-reinforcing growth path, .. All major categories of the economy have contributed to economic growth. Now that businesses have begun to add to payrolls, the current expansion is self-reinforcing. Only external shocks, such as terrorist attacks or a surge in oil prices, could derail the recovery. — Sung Won Sohn
The Bush tax cuts should be extended permanently for families with annual incomes of less than $250,000 and should be phased out slowly for those making more than that. Raising taxes on anyone now, when the economic recovery is so fragile, would be a mistake. — Mark Zandi
For an economic recovery program to be effective, it must not only create a short-term economic boost but also generate lasting value. Home Star would accomplish that by breaking down the key barrier between homeowners and money-saving retrofits: upfront costs. — Peter Welch
In Conclusion
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