Sources: Sky News
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 economy of Russia enters a recession, after gross domestic product decreased by four percent in the third quarter. 2022-11-16
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 United Kingdom's economy officially enters recession for the first time since 2009, according to Chancellor Rishi Sunak. 2020-08-12
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
The United States stock market undergoes a flash crash (similar to 2010) of 1 percent when the Twitter feed from the Associated Press news agency is hacked and erroneously states that several explosions have injured President Barack Obama. 2013-04-23
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