Sources: Sky News
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 Philippines' GDP contracts 9.5% in 2020, its first annual contraction since 1998 following the 1997 Asian financial crisis and the country's worst economic performance since records began in 1947. 2021-01-28
The United States's GDP contracts 3.5% in 2020, its first annual contraction since 2009 following the financial crisis of 2007–2008 and the country's worst economic performance since 1946. 2021-01-28
South Korea records its worst annual economic growth since 1998 following the Asian financial crisis. Its gross domestic product contracted 1.0 percent in 2020 from 2019. 2021-01-25
The economy enters recession for the first time since 1987 after the country's GDP declined by 12.2% between April and June, amid a nationwide lockdown and travel bans due to COVID-19. 2020-09-17
The combined economy of the 17 eurozone nations narrowly avoids a recession, largely due to relatively high economic growth in Germany. However, overall growth in the eurozone was zero in the first quarter of 2012. 2012-05-15
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
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