Sources: Sky News
The Netherlands statistics office reports that the country has entered a recession after the economy declined by 0.3% in the second quarter with exports and household spending falling despite rising interest rates that were intended to lower inflation. 2023-08-16
The economy of New Zealand enters a recession after gross domestic product fell 0.1% in the March quarter, as the central bank raises interest rates to a 14-year high. Annual growth also slowed to 2.2%, according to Statistics New Zealand. 2023-06-15
The economy of Russia enters a recession, after gross domestic product decreased by four percent in the third quarter. 2022-11-16
The United Nations Economic Commission for Africa warns that the effects of the pandemic on Africa's economy could push the number of "extremely poor" Africans to 514 million people. The World Bank also announced a recession as the economies of African countries continue to shrink. 2021-12-24
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
The Brazilian economy officially enters a recession after the country's statistics institute reported a 9.7% decline of its gross domestic product (GDP) in the second quarter, which is the second consecutive quarter of a decline in its GDP. It is Brazil's largest quarterly drop since 1996. 2020-09-1
Markets are on pace for their worst week since the 2008 financial crisis. 2020-02-27
Argentine Vice President Cristina Fernández de Kirchner declares that the government will not pay back its US$57 billion debt to the International Monetary Fund until the country exits its recession. 2020-02-8
The Japanese economy goes into recession for the second time since the election of Prime Minister Shinzo Abe. 2015-11-16
International stock markets slump in value in Asia, Europe and North America due to speculation brought about by comments from the Federal Reserve System of the United States. 2010-08-11