Recessions and depressions

Supporters of the Republican People's Party, CHP, wave Turkish flags, and one with a portrait of Kemal Ataturk, right, as they celebrate after preliminary results of the local elections were announced in Ankara, Turkey, early Monday, April 1, 2019. Erdogan's ruling party has declared victory in the race for mayor of Istanbul, even though the result in Turkey's most populous city and commercial hub is too close to call. State broadcaster TRT says former Prime Minister Binali Yildirim received 48.71 percent of the votes in Sunday's municipal elections while the opposition's candidate, Ekrem Imamoglu, got 48.65 percent. (AP Photo/Burhan Ozbilici)
April 01, 2019 - 2:42 am
ISTANBUL (AP) — Turkish President Recep Tayyip Erdogan declared victory in municipal elections but the opposition's success in key cities dealt a significant blow to his party's dominance. According to unofficial results, the ruling party lost the capital, Ankara, and the head of Turkey's electoral...
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FILE - In this Feb. 7, 2019 file photo White House National Economic Council Director Larry Kudlow speaks to reporters at the White House in Washington. On Friday, March 29, 2019, Kudlow called on the Federal Reserve to cut its key interest rate by a half-percentage point. Kudlow said that the Fed should do more to help the economy by cutting rates. It signaled last week that it expected to keep rates unchanged for this entire year after raising its benchmark rate four times in 2018 to the current level of 2.25 percent to 2.5 percent. (AP Photo/Susan Walsh, file)
March 29, 2019 - 3:08 pm
WASHINGTON (AP) — A top Trump administration official on Friday called on the Federal Reserve to cut its key interest rate by a half-percentage point. Larry Kudlow, head of the president's National Economic Council, said in an interview with CNBC that the Fed should do more to help the economy by...
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March 26, 2019 - 5:27 am
In a story March 22 about the financial markets, The Associated Press misspelled the name of asset management company Schroders. A corrected version of the story is below: Stocks, bond yields fall sharply as growth worries spread New signs the global economic growth is slowing roiled Wall Street...
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FILE- In this March 18, 2019, file photo trader John Santiago works on the floor of the New York Stock Exchange. U.S. stocks edged lower in early trading Monday, March 25, extending losses from a broad sell-off last week, as new economic data stoked investors' worries over slowing global growth. (AP Photo/Richard Drew, File)
March 25, 2019 - 9:57 pm
BEIJING (AP) — Asian stock prices rebounded Tuesday after global markets slid on worries about U.S. and European economic growth. Tokyo's Nikkei 225 index rose 1.8 percent to 21,362.60 and Hong Kong's Hang Seng gained 0.5 percent to 28,663.04. The Shanghai Composite Index was unchanged at 3,043.02...
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March 11, 2019 - 1:02 am
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says political attacks by President Donald Trump played no role in the Fed's decision in January to signal that it planned to take a pause in hiking interest rates. He also said in an interview broadcast Sunday that he can't be fired by the...
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Dark clouds hang over the city with its bank buildings in Frankfurt, Germany, on a windy Thursday morning, March 7, 2019. (AP Photo/Michael Probst)
March 07, 2019 - 9:12 am
FRANKFURT, Germany (AP) — The European Central Bank took unexpectedly quick action on Thursday to support a slowing economy, joining the U.S Federal Reserve and Chinese leadership in their attempts to counter worries about global growth. The central bank for the 19 countries that use the euro...
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This photo provided by Janssen Global Services shows Spravato nasal spray. Spravato, a mind-altering medication related to the club drug Special K, won U.S. approval Tuesday, March 5, 2019, for patients with hard-to-treat depression, the first in a series of long-overlooked substances being reconsidered for severe forms of mental illness. (Janssen Global Services via AP)
March 06, 2019 - 12:07 am
WASHINGTON (AP) — A mind-altering medication related to the club drug Special K won U.S. approval Tuesday for patients with hard-to-treat depression, the first in a series of long-overlooked substances being reconsidered for severe forms of mental illness. The nasal spray from Johnson & Johnson...
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Steve Bray, a protestor who supports Britain remaining in the European Union and has been demonstrating across the street from the Houses of Parliament in London for more than 18 months, holds up a new placard he and other protestors made this morning, Tuesday, March 5, 2019. The U.K. government agreed Friday to pay 33 million pounds ($43 million) to settle a lawsuit that claimed it improperly awarded contracts to run extra ferry services in the event that Britain leaves the European Union without an agreement on future relations. (AP Photo/Matt Dunham)
March 05, 2019 - 8:36 am
BRUSSELS (AP) — The Latest on Brexit (all times local): 5:20 p.m. The head of Britain's central bank says recent "constructive developments" will help limit the scale of any recession that would occur if Britain leaves the European Union without a withdrawal deal. Bank of England Governor Mark...
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February 28, 2019 - 10:37 am
WASHINGTON (AP) — The U.S. economy turned in a solid performance in 2018, boosted in part by tax cuts and higher government spending. But growth slowed by year's end, and most economists envision a weaker outlook for the coming months and probably years. The nation's gross domestic product, the...
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Supporters of Nigeria's President Muhammadu Buhari carry posters showing Buhari and other party officials during a march to celebrate his electoral win, on a street in Kano, northern Nigeria Wednesday, Feb. 27, 2019. Buhari on Wednesday defended his sweeping win of a second term as free and fair and appealed to a "common love of country" as his top challenger vowed to go to court with allegations of fraud. (AP Photo/Ben Curtis)
February 27, 2019 - 7:54 am
ABUJA, Nigeria (AP) — Nigeria's president on Wednesday defended his sweeping win of a second term as free and fair and appealed to a "common love of country" as his top challenger vowed to go to court with allegations of fraud. President Muhammadu Buhari was declared the clear winner by nearly 4...
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