Recessions and depressions

Turkey's President Recep Tayyip Erdogan addresses a conference of parliament speakers in Istanbul, Friday, Oct. 11, 2019. Erdogan says his county "will not take a step back" from its offensive against Syrian Kurdish militants it sees as a national security threat, defying serious warnings from the United States and other Western nations. (Presidential Press Service via AP, Pool)
October 15, 2019 - 10:05 am
FRANKFURT, Germany (AP) — The sanctions the U.S. announced against Turkey this week over its offensive in Syria fall well short of doing serious damage to an economy still healing from a recession and currency collapse. President Donald Trump could take far tougher action that would deter foreign...
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October 13, 2019 - 8:24 pm
BEIJING (AP) — China's trade with the United States fell by double digits again in September amid a tariff war that threatens to tip the global economy into recession. Customs data reported Monday show imports from the United States fell 20.6% from a year earlier. Exports to the U.S. market fell 17...
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FILE - In this Aug. 15, 2019, file photo a "Now hiring" sign is displayed on the front door of a Staples store in Manchester, N.H. On Wednesday, Oct. 9, the Labor Department reports on job openings and labor turnover for August. (AP Photo/Charles Krupa, File)
October 09, 2019 - 8:21 am
WASHINGTON (AP) — U.S. job openings fell 1.7% in August and hires edged down, bolstering views that the labor market may lose momentum as economic uncertainty and a manufacturing recession squeeze employers. The Labor Department says employers advertised 7.1 million available jobs in August, down...
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October 06, 2019 - 9:06 pm
WASHINGTON (AP) — The nation's business economists think President Donald Trump's trade war with China will contribute to a sharp slowdown in economic growth this year and next, raising concerns about a possible recession starting late next year. The latest survey by a panel of 51 forecasters with...
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Cars drive past billboards of Portuguese Prime Minister and Socialist Party leader Antonio Costa, left, and Left Bloc leader Catarina Martins, in Lisbon, Thursday, Oct. 3, 2019. Portugal will hold a general election on Oct. 6 in which voters will choose members of the next Portuguese parliament. Slogan on the Socialist's billboard reads in Portuguese, "It's your vote that decides". (AP Photo/Armando Franca)
October 06, 2019 - 12:18 am
LISBON, Portugal (AP) — Portugal is holding a general election, with the center-left Socialist Party widely expected to collect most votes and stay in government for another four years. The Socialists have overseen a strong economic recovery, with unemployment dropping by around half, to 6%, over...
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FILE - In this Oct. 14, 2009 file photo an employee of MAN Turbo company works on compressors and turbines at the factory in Oberhausen, western Germany. A German machine engeneering association says that orders for German machinery, an important export, plummeted in August adding to signs of a recession in Europe’s biggest economy. (AP Photo/Martin Meissner, file)
October 04, 2019 - 2:26 am
BERLIN (AP) — An industry association says orders for German machinery, an important export, plummeted in August, adding to signs of a recession in Europe’s biggest economy. The VDMA group said Friday that orders were down 17% compared with a year earlier, with demand from abroad dropping 19% and...
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Wine bottle are seen in a wine shop in Paris, Thursday, Oct. 3, 2019. The European Union will retaliate against the U.S. decision to slap tariffs on a range of the bloc's exports - from cheese to wine - that are expected to cause job losses, governments and industry groups said Thursday. (AP Photo/Kamil Zihnioglu)
October 03, 2019 - 10:06 am
BRUSSELS (AP) — The trade wars threatening to push the global economy into recession are entering a new phase, with the United States and European Union escalating a dispute that endangers the world’s biggest trade relationship. After the Trump administration slapped steep tariffs on $7.5 billion...
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A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Thursday, Oct. 3, 2019. Asian stocks fell for a fourth day Thursday as weaker U.S. manufacturing and hiring data fueled jitters about the global economy. (AP Photo/Eugene Hoshiko)
October 02, 2019 - 10:37 pm
BEIJING (AP) — Asian stocks fell for a fourth day Thursday as weaker U.S. manufacturing and hiring data fueled jitters about the global economy. Tokyo’s Nikkei 225 fell by an unusually wide margin of 2% and market benchmarks in Hong Kong, Sydney and Southeast Asia also retreated. Chinese and Korean...
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FILE - In this March 10, 2010, file photo, containers are seen at a port in Singapore. In a report released Wednesday, Sept. 25, 2019, the Asian Development Bank says that escalating trade tensions will sap Asian economies of some of their potential in this year and the next. (AP Photo/Wong Maye-E, File)
October 01, 2019 - 5:11 am
GENEVA (AP) — Global trade is forecast to weaken this year to the slowest pace since the depths of the Great Recession due to the U.S.-China trade war. The World Trade Organization said Tuesday it expects volumes of traded goods to rise 1.2% this year, far below the 2.6% estimate it issued in April...
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September 30, 2019 - 6:19 pm
TOKYO (AP) — Japan has raised its national sales tax to 10% from 8%, amid concerns that it could derail the tenuous growth of the past several years. Government officials say ample measures have been taken to minimize the impact of the long delayed tax hike, which took effect Tuesday. Previous tax...
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