Sources: Sky News
The Netherlands statistics office reports that the country has entered a recession after the economy declined by 0.3% in the second quarter with exports and household spending falling despite rising interest rates that were intended to lower inflation. 2023-08-16
The German economy enters a recession for the first time since the COVID-19 pandemic amid high levels of inflation. 2023-05-25
The Bank of England raises its interest rates by 0.75 percentage point, to 3.00%, the largest increase in 33 years, amid soaring inflation and a cost of living crisis in the UK. The bank also predicts a record-length recession, lasting until mid-2024. 2022-11-3
The United States enters a technical recession after its economy shrank for the 2nd consecutive quarter. 2022-07-28
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
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
The Hong Kong economy enters into a recession, as a result of continuous protests from the past five months. 2019-10-27
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
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