Latest Recessions and depressions News

Hot market for businesses looks to cool, survey finds

Feb. 18, 2019 3:25 PM EST

NEW YORK (AP) — The years-long hot market for businesses may start to cool, perhaps as soon as this year. That's the finding of a survey of brokers and advisers who help owners and buyers complete sales of small and mid-size businesses. The survey conducted by researchers at Pepperdine University's...

Ikea woos India's rising consumer class, tapping new markets

Feb. 15, 2019 12:23 AM EST

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 market for...

Germany barely avoids recession with zero growth

Feb. 14, 2019 10:30 AM EST

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 followed a...

Eurozone recession talk mounts as industry slumps

Feb. 13, 2019 7:11 AM EST

LONDON (AP) — Slumping industrial output across the 19-country eurozone is stoking talk of a possible recession this year, even before any additional damage from Brexit. Official figures on Wednesday showed that industrial output in the eurozone was 4.2 percent lower in December than the year before,...

Fed Chairman Powell says prosperity not felt in all areas

Feb. 12, 2019 4:42 PM EST

ITTA BENA, Miss. (AP) — Federal Reserve Chairman Jerome Powell traveled Tuesday to a historically black university in the Mississippi Delta to deliver a message that the nation's prosperity has not been felt in many such areas around the country. Powell said that many rural areas had been left out and...

Fears rise in Nicaragua over new social security overhaul

Feb. 11, 2019 3:05 PM EST

MANAGUA, Nicaragua (AP) — Nicaraguans revolted last April when the government announced it was raising payroll taxes and cutting retirement benefits to bolster a social security program hemorrhaging money. The unrest led authorities to quickly withdraw the measure, but as the protests boiled for months and...

Small business optimism takes a dive as revenue growth eases

Feb. 11, 2019 12:31 PM EST

NEW YORK (AP) — Small business owners' optimism has taken a deep dive in the first quarter as companies' revenue fell along with owners' expectations for their future sales. That's the finding of a quarterly survey released Thursday by Wells Fargo and Gallup. Although the survey was taken Jan. 9-15, during...

'Fog of Brexit' means UK could enter recession this year

Feb. 7, 2019 9:55 AM EST

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 questions...

German factory production slips, raising new economic fears

Feb. 7, 2019 4:18 AM EST

BERLIN (AP) — German factory production declined unexpectedly in December, increasing concerns about the weakening of Europe's largest economy. The Federal Statistical Office said Thursday industrial production dropped 0.4 percent in December over the month before, when adjusted for seasonal and calendar...

AP FACT CHECK: Trump's speech exaggerates border peril

Feb. 6, 2019 4:16 PM EST

WASHINGTON (AP) — President Donald Trump exaggerated perils at the border, flubbed food stamp numbers and the length of wars and told partial truths on drug prices in his State of the Union speech. Trump also celebrated a couple of workforce measures that have little to do with him and almost everything to...