Recessions and depressions

Supporters of Incumbent President Muhammadu Buhari dance to Lady Gaga songs anticipating a win as they wait for the results to be officially announced in Abuja, Nigeria, Tuesday, Feb. 26, 2019. Anxious Nigerians on Tuesday awaited a second day of state-by-state announcements of presidential election results in a race described as too close to call. Buhari is facing opposition presidential candidate Atiku Abubakar. (AP Photo/Jerome Delay)
February 26, 2019 - 8:57 pm
ABUJA, Nigeria (AP) — Nigeria's president was declared the clear winner of a second term in Africa's largest democracy early Wednesday, after a campaign in which he urged voters to give him another chance to tackle gaping corruption, widespread insecurity and an economy limping back from a rare...
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Federal Reserve Chairman Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee on monetary policy on Tuesday, Feb. 26, 2019 on Capitol Hill in Washington. (AP Photo/Kevin Wolf)
February 26, 2019 - 10:52 am
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell told Congress on Tuesday the U.S. economy should keep expanding at a solid, though somewhat slower pace this year. But he warned of growing risks, including a global slowdown, volatile financial markets and uncertainty about U.S. trade policy...
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February 25, 2019 - 6:47 pm
MELBOURNE, Australia (AP) — The Latest on the sex abuse case against Cardinal George Pell (all times local): ___ 1:40 p.m. An Australian man who was sexually abused decades ago by Cardinal George Pell says he has experienced "shame, loneliness, depression and struggle." The man issued a statement...
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February 25, 2019 - 12:53 pm
KANO, Nigeria (AP) — Nigeria's incumbent President Muhammadu Buhari surged to an early lead in election returns Monday, winning seven of 36 states in Africa's largest democracy, while the main opposition rejected the count, alleging manipulation. Election observers said the last-minute postponement...
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February 24, 2019 - 7:45 am
KANO, Nigeria (AP) — Some polling stations remained open in several states across Nigeria on Sunday while votes were counted in Saturday's presidential election, widely seen as a tight race between the president and a former vice president. Although the electoral commission said it was happy that...
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FILE- In this Aug. 9, 2018, file photo, Customers stand outside Ikea's first store in India as it opened in Hyderabad, India. India is a test case for whether Ikea should keep shifting resources toward emerging economies, including Latin America and China, given the saturation of markets in Europe and the United States, and the possibility of another global recession. Six months after Ikea opened its first store in Hyderabad, the 400,000-square-foot cornucopia of furniture, linens, kitchenware and other goodies is drawing between 10,000 and 30,000 visitors per day. (AP Photo/Mahesh Kumar A, File)
February 14, 2019 - 9:23 pm
HYDERABAD, India (AP) — In Hyderabad's bustling Nampally furniture market, customers explore a crowded, dusty labyrinth of shops, haggle over prices and work with carpenters to design made-to-order housewares. This is the competition Swedish giant Ikea faces in tackling the $40 billion Indian...
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FILE - In this March 8, 2018 file photo photo Volkswagen cars are pictured during a final quality control at the Volkswagen plant in Wolfsburg, Germany. Germany's economic growth has stagnated in the last three months of the year. (AP Photo/Michael Sohn, file)
February 14, 2019 - 6:13 am
FRANKFURT, Germany (AP) — Germany recorded zero growth in the fourth quarter, only narrowly avoiding a recession and adding to downbeat signs piling up about the 19-country eurozone economy. The lackluster figure released Thursday was lower than the 0.1 percent expected by market analysts and...
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The Governor of the Bank of England, Mark Carney speaks during a news conference to confirm the main interest rate will remain at 0.75 percent, at the Bank of England in London, Thursday Feb. 7, 2019. The Bank of England said that Brexit uncertainties and a weaker global economy overall, mean that British growth in 2019 is likely to be 1.2 percent. (Hannah McKay/Pool via AP)
February 07, 2019 - 6:54 am
LONDON (AP) — The British economy is set to grow at its slowest rate since the global financial crisis a decade ago as the "fog of Brexit" causes heightened uncertainty, the Bank of England warned Thursday. With Britain due to leave the European Union in just 50 days, the central bank said that...
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Italian Premier Giuseppe Conte delivers his speech during the inauguration ceremony of the ACSD (Africa Center for Climate and Sustainable Development) in Rome, Monday, Jan. 28, 2019. (Maurizio Brambatti/ANSA Via AP)
January 31, 2019 - 4:41 am
MILAN (AP) — Italy has fallen back into recession, intensifying concerns about the 19-country eurozone economy and a possible flare-up in the debt market jitters that have haunted the bloc in the past. The Italian economy, the third-largest in the eurozone, contracted by a quarterly rate of 0.2...
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Antonio Guterres, Secretary-General of United Nations addresses the annual meeting of the World Economic Forum in Davos, Switzerland, Thursday, Jan. 24, 2019. (AP Photo/Markus Schreiber)
January 24, 2019 - 12:41 pm
DAVOS, Switzerland (AP) — The Latest on the World Economic Forum in Davos, Switzerland (all times local): 9:25 p.m. Billionaire philanthropist George Soros says he thinks Chinese President Xi Jinping is "the most dangerous opponent of open societies." Soros said Thursday during a speech on the...
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