Latest Recessions and depressions News

Can green investment help relaunch Germany's economy?

Sep. 19, 2019 7:58 AM EDT

FRANKFURT, Germany (AP) — A recession looms for Germany and the European Central Bank is pleading for governments to spend more to revitalize economic growth. Yet despite having the luxury of borrowing money for less than nothing, the German government is keeping a tight rein on its finances. A debate over...

US economy could shrug off oil prices if disruption is brief

Sep. 17, 2019 2:37 PM EDT

DALLAS (AP) — The price of gasoline crept higher after a weekend attack devastated Saudi Arabian oil output, but if the disruption to global supplies is short-lived, the impact on the U.S. economy will probably be modest. Prices spiked Monday by more than 14%, their biggest single-day jump in years, but...

AP Explains: Why auto workers went on strike against GM

Sep. 16, 2019 5:11 PM EDT

DETROIT (AP) — More than 49,000 union auto workers at General Motors are walking picket lines, silencing more than 50 company factories and parts depots in a strike over contract negotiations. The strike that began early Monday crippled production of Chevrolet, Cadillac, GMC and Buick vehicles made by the...

Yes, stocks are up again. No, recession worries aren't gone

Sep. 13, 2019 4:28 PM EDT

NEW YORK (AP) — The U.S. economy is sending some worrying signals about a possible recession, yet the stock market has gone on a what-me-worry ride toward record heights. What gives? Put simply, while the stock market watches the economy, the two don't always move in lockstep. If investors see that...

World shares buoyed by fresh optimism over US-China trade

Sep. 13, 2019 5:55 AM EDT

BANGKOK (AP) — World shares were mostly higher on Friday, buoyed by fresh stimulus from the European Central Bank and hopes for progress in China-U.S. trade talks. Germany's DAX picked up 0.1% to 12,426.92 and the CAC 40 in France added 0.2% to 5,651.91. But Britain's FTSE 100 gave up 0.2% to 7,327.05...

German Economy Ministry: Long-term recession not expected

Sep. 13, 2019 4:57 AM EDT

BERLIN (AP) — The German government says the country's economy is in a weak phase but it doesn't currently see indications it will enter a long-term recession. The German economy, Europe's largest, contracted by 0.1% in the second quarter and is widely predicted to shrink again in the third quarter, which...

The Fed and ECB aim to avoid downturns but with limited ammo

Sep. 12, 2019 5:19 PM EDT

WASHINGTON (AP) — The Federal Reserve and the European Central Bank are struggling mightily to invigorate their economies at a time when growth is slowing, governments remain on the sidelines and the banks' usual stimulative tools appear less effective than in the past. On Thursday, the ECB delivered a...

Stock markets edge up ahead of ECB stimulus decision

Sep. 12, 2019 7:12 AM EDT

BANGKOK (AP) — World stock markets rose cautiously Thursday as investors awaited the European Central Bank's decision on how much stimulus it will provide the economy. Sentiment also was brightened by hopes that China and the U.S. are moving to ease trade tensions. Germany's DAX edged 0.2% higher to 12,378...

Europe eyes stimulus plan, but ultra-low rates raise doubts

Sep. 11, 2019 2:15 PM EDT

FRANKFURT, Germany (AP) — The European Central Bank appears to be preparing a new shot of stimulus to try to energize the economy. But the move is sure to renew a nagging question: Can central banks do much good when rates are already ultra-low? Analysts say the bank is likely to cut a key interest rate...

Businesses strategize to get work done with fewer staffers

Sep. 11, 2019 12:34 PM EDT

NEW YORK (AP) — Using technology to run her practice lets defense attorney Susan Williams give clients the time and attention they need. Williams decided years ago she didn't want a large staff that would require her to increase her caseload simply to have the money to pay her employees. She has one...