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 economy of Russia enters a recession, after gross domestic product decreased by four percent in the third quarter. 2022-11-16
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
The Philippines' GDP contracts 9.5% in 2020, its first annual contraction since 1998 following the 1997 Asian financial crisis and the country's worst economic performance since records began in 1947. 2021-01-28
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 Cabinet Office of Japan plans to declare that its economy has entered a recession after 71 months of growth. 2020-07-23
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 Wall Street stock market sheds 4.6% of its value, with the Dow Jones Industrial Average dropping a record 1,175 points at close. At one point during the day, the benchmark index loses a record 1,579 points. 2018-02-5
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