Recessions and depressions

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 15, 2019 - 12:23 am
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 - 10:30 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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Federal Reserve Chairman Jerome Powell addresses a rural policy forum at historically black Mississippi Valley State University in Itta Bena, Miss., Tuesday, Feb. 12, 2019. Powell says that many rural areas have not benefited from the national prosperity and those areas need special support. (AP Photo/Rogelio V. Solis)
February 12, 2019 - 2:50 pm
ITTA BENA, Miss. (AP) — Federal Reserve Chairman Jerome Powell said Tuesday he does not feel the probability of a recession "is at all elevated," and that the country is continuing to see solid economic growth. But in a visit to a historically black university in the Mississippi Delta, Powell said...
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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 - 9:54 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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FILE - In this Wednesday, Jan. 23, 2019 file photo, United Airlines jets are seen as a plane approaches Newark Liberty International Airport, in Newark, N.J. United Airlines will woo high-fare passengers by retrofitting more than 100 planes to add more premium seats on key routes. United announced the moves Wednesday, Feb. 6, 2019. (AP Photo/Julio Cortez, File)
February 06, 2019 - 2:58 pm
United, Delta and American Airlines are engaged in an airlines arms race to grab the most affluent customers. Now highly profitable after losing billions in the 2000s, they are plowing money into new planes, fancy seats with more legroom, airport lounges and other perks, many of which are aimed...
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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 - 9:38 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 haunted the bloc in recent years. The Italian economy, the third-largest in the eurozone, contracted by a quarterly rate of 0.2...
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FILE- This Aug. 8, 2018, file photo shows electronic menus at McDonald's flagship restaurant in Chicago. Robots aren’t replacing everyone, but a quarter of U.S. jobs will be severely disrupted as artificial intelligence accelerates the automation of today’s work, according to a new Brookings Institution report. The report published Thursday, Jan. 24, 2019, says roughly 36 million Americans hold jobs with “high exposure” to automation, meaning about 70 percent of their work tasks could soon be performed by machines using current technology. (AP Photo/Nam Y. Huh, File)
January 24, 2019 - 3:23 pm
Robots aren't replacing everyone, but a quarter of U.S. jobs will be severely disrupted as artificial intelligence accelerates the automation of existing work, according to a new Brookings Institution report. Thursday's report from the Washington think tank says roughly 36 million Americans hold...
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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 - 1:55 pm
DAVOS, Switzerland (AP) — The Latest on the World Economic Forum in Davos, Switzerland (all times local): 7:55 p.m. The head of the World Trade Organization has applauded signs of progress between the United States and China in their trade standoff. WTO Director-General Roberto Azevedo pointed to...
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Singer and co-founder of RED Bono, 2nd right, gestures to Afsaneh Mashayekhi Beschloss, founder of RockCreek, Christine Lagarde, Managing Director of IMF and Rwanda President Paul Kagame, from left, as he arrives for the "Closing the Financing Gap" session at the annual meeting of the World Economic Forum in Davos, Switzerland, Wednesday, Jan. 23, 2019. (AP Photo/Markus Schreiber)
January 23, 2019 - 3:00 pm
DAVOS, Switzerland (AP) — The Latest on the World Economic Forum in Davos, Switzerland (all times local): 8:30 p.m. There aren't many people, if any at all, who spend 32 hours on a train to get to the World Economic Forum in the Swiss ski resort of Davos and then sleep in a tent. Someone who did is...
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The sun rises behind the buildings of the banking district in Frankfurt, Germany, Sunday, Jan. 20, 2019. (AP Photo/Michael Probst)
January 21, 2019 - 8:58 am
FRANKFURT, Germany (AP) — Multiple threats stalking Europe's economy mean the European Central Bank could keep interest rates at rock-bottom levels longer than expected, extending skimpy returns for savers — but supporting indebted companies and governments with low borrowing costs. Speculation...
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