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 economy of New Zealand enters a recession after gross domestic product fell 0.1% in the March quarter, as the central bank raises interest rates to a 14-year high. Annual growth also slowed to 2.2%, according to Statistics New Zealand. 2023-06-15
The German economy enters a recession for the first time since the COVID-19 pandemic amid high levels of inflation. 2023-05-25
The United States enters a technical recession after its economy shrank for the 2nd consecutive quarter. 2022-07-28
Sri Lanka's GDP contracts 3.6% in 2020, its worst economic performance since gaining independence in 1948. 2021-04-30
The United Kingdom's economy officially enters recession for the first time since 2009, according to Chancellor Rishi Sunak. 2020-08-12
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 Eurozone moves out of 18 months of recession because of Germany and France. There was a growth rate of 0.3% in the June quarter. 2013-08-14
International stock markets slump in value in Asia, Europe and North America due to speculation brought about by comments from the Federal Reserve System of the United States. 2010-08-11