Sources: Sky News
The German government cuts its economic growth forecast to zero, with the Deutsche Bundesbank estimating a future recession. Minister of Economic Affairs Robert Habeck accuses U.S. President Donald Trump's Liberation Day tariffs of being the primary reason for Germany's continued economic crisis. 2025-04-25
Sri Lanka's GDP contracts 3.6% in 2020, its worst economic performance since gaining independence in 1948. 2021-04-30
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
The Philippine economy falls into recession for the first time in 29 years after the economy shrank by 16.5% in the April to June quarter from the same period last year, which is the biggest slump in the government's quarterly GDP data dating back to 1981. 2020-08-6
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 Japanese economy goes into recession for the second time since the election of Prime Minister Shinzo Abe. 2015-11-16
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
The combined economy of the 17 eurozone nations narrowly avoids a recession, largely due to relatively high economic growth in Germany. However, overall growth in the eurozone was zero in the first quarter of 2012. 2012-05-15
Stock markets in Asia, Australia, and the United States fall further after the credit rating of the United States is downgraded with the Dow Jones Industrial Average falling by over 634 points, 5.55%. 2011-08-8