Sources: Sky News
The German economy enters a recession for the first time since the COVID-19 pandemic amid high levels of inflation. 2023-05-25
The Bank of England raises its interest rates by 0.75 percentage point, to 3.00%, the largest increase in 33 years, amid soaring inflation and a cost of living crisis in the UK. The bank also predicts a record-length recession, lasting until mid-2024. 2022-11-3
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
South Korea's economy enters recession after exports plunge to their lowest levels since 1963. 2020-07-22
Markets are on pace for their worst week since the 2008 financial crisis. 2020-02-27
Italy's economy falls into recession for the third time in a decade after declining GDP growth in late 2018. Italian Prime Minister Giuseppe Conte blames the recession on external factors, including trade tensions between the United States and China. 2019-01-31
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
Global stock markets fall for a second day amid fears of a deepening economic crisis. 2011-09-23
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