recession

UK economy enters recession: official data

LONDON, Feb 15, 2024 (AFP) - Britain sank into recession at the end of last year on high inflation and…

Germany in recession as inflation, higher interest bite

BERLIN, May 25, 2023 (AFP) - Germany fell into a recession around the turn of the year, official figures published…

Recession in US ‘not inevitable’: Yellen

FORT WORTH, United States (AFP) -- A recession in the US is "not inevitable," Treasury Secretary Janet Yellen said Thursday,…

IMF chief urges action as global recession risks rise

  Washington, United States | AFP | by Heather SCOTT IMF chief Kristalina Georgieva urged global policymakers Thursday to take…

Stocks and oil drop as dollar gains on recession, Ukraine fears

HONG KONG, China (AFP) - Equities and crude prices fell while the dollar held at multi-year highs Wednesday as recession…

US GDP contracted 0.6 percent in Q2, less than initial report

Washington, United States (AFP) The American economy contracted in the April-June quarter but not as much as initially reported, as…

Stocks rise, oil falls tracking recession risks

  LONDON, United Kingdom (AFP) -- Stock markets largely rose and oil prices retreated Monday as investors mulled the prospect…

Biden says US ‘not going to be in a recession’

WASHINGTON, United States (AFP) -- President Joe Biden said Monday he does not expect the United States suffer an economic…

Is recession the only way out of US inflation scourge?

by Heather Scott  Agence France-Presse WASHINGTON, United States (AFP) -- A massive interest rate hike by the US Federal Reserve…

Japan exits recession as GDP grows 5.0% in Q3

  by Shingo ITO Agence France Presse TOKYO, Japan (AFP) -- Japan's economy exited recession in the third quarter, growing…

Australia enters recession after three decades of growth

SYDNEY, Australia (AFP) -- Australia has entered its first recession since 1991 after the economy shrank 7 percent in the…

Coronavirus pushes leading world economies into record slumps

  PARIS, France (AFP) -- Brazil and India reported historic second-quarter drops in national economic output this week, a situation…

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