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U.S. stocks experience a relatively steep drop as the Nasdaq Composite falls 4% and the S&P 500 falls 2.7%. Economists attribute the drop to recent all-time highs, recession fears, and concerns about a potential U.S. government shutdown and the tariffs imposed by the Trump administration.
2025-03-10

The Turkish lira plunges to an all-time low of 17.0705 to the U.S. dollar, triggering a direct central bank intervention in the stock market. The lira has lost 55% of its value this year, including 37% in just the last 30 days. President Recep Erdoğan announces a 50% rise in the minimum wage from next year.
2021-12-17

Sri Lanka's GDP contracts 3.6% in 2020, its worst economic performance since gaining independence in 1948.
2021-04-30

France's GDP contracts 8.3% in 2020, the country's worst economic performance since World War II.
2021-01-29

South Korea's economy enters recession after exports plunge to their lowest levels since 1963.
2020-07-22

Chair of the Federal Reserve Jerome Powell says U.S. economic recovery from the recession could take until the end of 2021.
2020-05-17

The Turkish economy enters a recession for the first time since 2009 after the currency and debt crisis of 2018.
2019-03-11

The eurozone slides into deeper recession, making 2012 the first year with no growth in any quarter since tracking began in 1995. Economic experts, who had not expected this, say that 2013's "early indicators are all pointing upwards".
2013-02-14

Global stock markets fall for a second day amid fears of a deepening economic crisis.
2011-09-23

Stock markets in Asia and Australia continue falls from Europe and the United States.
2011-08-5