Sources: Sky News
The Handelsblatt Research Institute reports that the German economy is in its "greatest crisis in post-war history" after projecting that the economy will enter its third year of recession in 2025 with a 0.1% contraction, following a 0.3% contraction in both 2023 and 2024. 2025-01-2
The United Kingdom enters a technical recession, as a report issued by the Office for National Statistics stated that the economy shrunk in two consecutive quarters amid a slowdown in consumer spending. 2024-02-15
Sri Lanka's GDP contracts 3.6% in 2020, its worst economic performance since gaining independence in 1948. 2021-04-30
Malaysia's GDP contracts 5.6% in 2020, its worst annual contraction since 1998 following the 1997 Asian financial crisis. 2021-02-11
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
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
Asian and European stock markets open lower in response to the ongoing sovereign debt crisis in Europe. 2011-09-26
Stock markets in the United States and Europe fall due to uncertainty in the Middle East and rising oil prices. 2011-02-23
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