Sources: Sky News
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
The German economy enters a recession for the first time since the COVID-19 pandemic amid high levels of inflation. 2023-05-25
France's GDP contracts 8.3% in 2020, the country's worst economic performance since World War II. 2021-01-29
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
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
Stock markets in Asia and Australia continue falls from Europe and the United States. 2011-08-5
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
Stock markets rise significantly and bond prices fall around the world after investors are reassured by the European Union and International Monetary Fund’s nearly $1 trillion plan to avoid a European debt crisis. 2010-05-10