recession

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…

PHL economy in technical recession

(Eagle News) -- The Philippine economy contracted by a record-16.5 percent in the second quarter, from April to June, officially…

Virus-hit Singapore plunges into recession as economy shrinks 41%

SINGAPORE, Singapore (AFP) — Singapore plunged into recession in the second quarter as growth fell 41.2 percent quarter-on-quarter with the trade-dependent…

Japan slides into recession — with forecasts of worse to come

  by Kyoko HASEGAWA Agence France Presse   TOKYO, Japan (AFP) -- Japan dived into its first recession since 2015,…

Chinese economy contracts for first time in decades: AFP survey

  by Beiyi SEOW Agence France Presse BEIJING, China (AFP) -- China's economy contracted for the first time in around…

World faces new ‘Great Depression’ as virus toll mounts

  by Dave Clark with AFP bureaus World powers scrambled on Thursday to build a global response to the human…

Pandemic may cause Africa’s 1st recession in 25 years: World Bank

  by Susan NJANJI and Sofia CHRISTENSEN Agence France Presse JOHANNESBURG, South Africa (AFP) -- The World Bank warned Thursday…

France heading for worst recession since WWII: minister

  PARIS, France (AFP) -- France is facing its deepest recession since the end of World War II because of…

Singapore eases monetary policy as virus slams economy

SINGAPORE (AFP) -- Singapore's central bank eased monetary policy Monday as the city-state, seen as a bellwether for the health…

IMF chief: “It’s clear we have entered recession”

WASHINGTON, United States (AFP) -- The coronavirus pandemic has driven the global economy into a downturn that will require massive…

World markets slump as recession fears eclipse stimulus

by Roland JACKSON LONDON, United Kingdom (AFP) -- Global stock and oil markets plunged Wednesday, as vast stimulus measures failed…

Recession risk calls for joint response: UN chief

LISBON Portugal (AFP) -- UN chief Antonio Guterres on Sunday urged governments to work together to stop the coronavirus pandemic…

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