Sources: Sky News
The European Central Bank raises interest rates for the 10th time to mitigate high inflation amid concerns that higher borrowing costs could push the economy into a recession. 2023-09-14
Malaysia's GDP contracts 5.6% in 2020, its worst annual contraction since 1998 following the 1997 Asian financial crisis. 2021-02-11
The economy officially enters a recession for the first time since 1991 after the Bureau of Statistics reports a 7% decline in GDP over the second quarter, the largest fall since records began in 1959. 2020-09-2
Japan's stock market index, the Nikkei 225, hits its highest level in almost five years, after a Bank of Japan stimulus plan raises hope of economic revival. 2013-04-5
The Economy of Japan declined by 0.4% from October to December 2012 indicating that Japan is still in a recession. 2013-02-14
Stock markets around the world fall on the back of concerns about global economic growth with the Dow Jones Industrial Average falling by 4%. 2011-08-4
Crude oil prices rise to their highest levels in two years as stock market indexes fall in Europe and the United States due to continued uncertainty in the Middle East. 2011-02-28
Uncertainty in Libya leads to falls in world stock markets and increases in crude oil prices. 2011-02-22
2001 Nobel laureate economist Joseph Stiglitz warns of a "wave of austerity" set to sweep across Europe, triggering a new recession and the demise of the euro, and predicts Spain will enter a "death spiral" - similar to that of Argentina a decade ago - when it is attacked by speculators. 2010-10-4