Latest Recessions and depressions News

Brazil launches job program amid mass unemployment

Nov. 11, 2019 7:43 PM EST

BRASILIA, Brazil (AP) — President Jair Bolsonaro launched a jobs program Monday largely based on tax reductions as Brazil struggles to put more than 12 million people back to work. The pension and labor secretary said the administration aims to create 1.8 million jobs for people ages 18-29 and almost 1...

UK avoids recession but economy growing at near decade lows

Nov. 11, 2019 7:45 AM EST

LONDON (AP) — The British economy avoided falling into recession in the third quarter of the year, but annual growth is running at a near-decade low rate as a result of ongoing uncertainty related to Britain's departure from the European Union and a subdued global backdrop, official figures showed Monday....

Stocks push past latest trade-war confusion to more records

Nov. 8, 2019 4:44 PM EST

NEW YORK (AP) — The stock market capped another week of healthy gains on Friday, but it ended on more of a befuddled note than a bang as confusion about the U.S.-China trade war hung over the market. Stocks wobbled between small gains and losses through the day amid conflicting signals about the progress...

Uncertainty over US-China trade keeps markets in check

Nov. 8, 2019 8:11 AM EST

LONDON (AP) — Uncertainty about a possible U.S.-Chinese agreement to roll back tariffs in their trade war kept global markets in check Friday. Though the two sides have agreed to reduce some punitive tariffs on each other's goods, the full extent of the rollback wasn't clear. A Chinese spokesman announced...

German exports rise as country tries to avoid recession

Nov. 8, 2019 7:18 AM EST

FRANKFURT, Germany (AP) — German exports rose unexpectedly in September, official figures showed Friday, fueling speculation that Europe's biggest economy may avoid sliding into a shallow recession despite headwinds from the U.S.-China trade dispute and Brexit. Germany's statistics agency Destatis said...

Google digitizes artworks in Puerto Rico for 1st time

Nov. 7, 2019 8:22 PM EST

SAN JUAN, Puerto Rico (AP) — The 1953 painting by Rafael Tufiño Figueroa features his mother with a red scarf on her head, a determined look on her face and heavy expression lines, a depiction of a working-class woman that broke from conventional portraits of the time that focused largely on wealthy...

Global stocks turn higher as China says tariff war may ease

Nov. 7, 2019 8:15 AM EST

BANGKOK (AP) — Global stocks rose Thursday after China said it had agreed with the United States to gradually ease tariffs on each other's exports as part of an effort to scale back their trade war. Germany's DAX rose 0.7% to 13,269 and France's CAC 40 gained 0.2% to 5,875. London's FTSE 100 rose 0.4% to...

Asian stocks mostly lower after US indexes hit pause

Nov. 6, 2019 11:31 PM EST

BANGKOK (AP) — Asian stocks were mostly lower Thursday after a meandering day of trading in the U.S. left stock indexes close to their record highs. The Shanghai Composite Index declined 0.3% to 2,969.81. Tokyo's Nikkei 225 was down 0.1% at 23,275.17. Hong Kong's Hang Seng sank 0.4% to 27,589.65 and South...

German government advisers cut economic growth forecast

Nov. 6, 2019 5:42 AM EST

BERLIN (AP) — The German government's independent panel of economic advisers on Wednesday cut its 2020 growth forecast for Europe's biggest economy to below 1%, but said it sees no sign of a "broad, deep recession." In a report handed to Chancellor Angela Merkel, the five-member panel forecast economic...

Dow hits record as stock market rally extends into 5th week

Nov. 4, 2019 6:43 PM EST

NEW YORK (AP) — The Dow Jones Industrial Average returned to a record on Monday, joining other market gauges at all-time highs, as the stock market's rally carried into a fifth week. Oil producers, banks and other stocks that do well when the economy is strengthening again led the way. It's a notable shift...