Recessions and depressions

File - In this Thursday, May 16, 2019, file photo, cars for export and import are stored in front of containers at the port in Bremerhaven, Germany. The German economy returned to modest growth in the July-September 2019 period, averting a widely-feared recession. The Federal Statistical Office said Thursday gross domestic product grew 0.1% compared with the previous quarter. (AP Photo/Martin Meissner)
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November 14, 2019 - 4:02 am
BERLIN (AP) — Germany’s economy, Europe’s largest, avoided entering a widely-anticipated recession in the third quarter as strong domestic spending helped spark modest growth, the Federal Statistical Office reported Thursday. The Wiesbaden-based agency said the economy grew 0.1% in the July-...
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FILE - In this Oct. 30, 2019, file photo Federal Reserve Chairman Jerome Powell speaks during a news conference in Washington. On Wednesday, Nov. 13, Powell plans to testify to Congress' Joint Economic Committee. (AP Photo/Susan Walsh, File)
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November 13, 2019 - 11:08 am
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell indicated Wednesday that the Fed is likely to keep its benchmark short-term interest rate unchanged in the coming months, unless the economy shows signs of worsening. But for now, in testimony before a congressional panel, Powell expressed...
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November 11, 2019 - 4:49 am
LONDON (AP) — Official figures show that the British economy avoided falling into recession in the third quarter of the year. The Office for National Statistics said Monday that the economy grew by a quarterly rate of 0.3%. That was in line with market expectations. Following the 0.2% contraction...
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November 08, 2019 - 7:17 am
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...
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Visitors walk into the Museum of Art ahead of the announcement by Google Arts & Culture that it digitized more than 350 artworks in San Juan, Puerto Rico, Thursday, Nov. 7, 2019. (AP Photo/Dánica Coto)
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November 07, 2019 - 8:22 pm
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...
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FILE - In this Oct. 30, 2019, file photo trader Sal Suarino works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Wednesday, Nov 6. (AP Photo/Richard Drew, File)
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November 06, 2019 - 4:31 pm
NEW YORK (AP) — A meandering day of trading left U.S. stock indexes close to their record highs on Wednesday, as strong gains for health care companies jousted with sharp drops in energy stocks. The market took a decisive turn lower in the middle of the day after a report from Reuters said the...
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In this Oct. 30, 2019, photo, a salesman waits for customers at a cosmetic shop in a shopping district in Hong Kong. Business has plunged in Hong Kong’s shopping districts after more than four months of protests. The government announced Thursday, Oct. 31, that the city is in a technical recession after it contracted for a second straight quarter.(AP Photo/Vincent Yu)
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October 31, 2019 - 9:09 pm
HONG KONG (AP) — Steps from Hong Kong's main tourist strip, Ashfaqur Rahman's tailor shop usually is a mainstay for tourists dropping in to peruse neatly stacked rolls of fabric and get measured for custom-made suits. Not anymore. Business has dried up since anti-government protests began in early...
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FILE - In this Nov. 27, 2018, file photo a banner depicting the Chevrolet Cruze model vehicle is displayed at the General Motors' Lordstown plant in Lordstown, Ohio. An economic renaissance in the industrial Midwest promised by President Donald Trump has suffered in recent weeks in ways that could be problematic for Trump's 2020 re-election. (AP Photo/John Minchillo, File)
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October 30, 2019 - 10:00 am
TOLEDO, Ohio (AP) — President Donald Trump once promised that coal and steel would be the beating heart of a revived U.S. economy — a nostalgic vision that helped carry him to victory three years ago in the industrial Midwest. But a year away from Election Day, that promised renaissance is not...
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A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, Oct. 29, 2019. Shares were mixed in Asia and Chinese benchmarks fell Tuesday after the S&P 500 index closed at an all-time high. (AP Photo/Ahn Young-joon)
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October 29, 2019 - 8:02 am
BANGKOK (AP) — Shares in Europe turned lower on Tuesday after a mixed session in Asia, where Chinese benchmarks declined after Hong Kong's leader warned political protests may push the territory into recession. Wall Street appeared headed for declines at the open, a day after the benchmark S&P...
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Pro-democracy activist Joshua Wong speaks during a press conference in Hong Kong, Tuesday, Oct. 29, 2019. Hong Kong authorities disqualified high-profile pro-democracy activist Joshua Wong from upcoming local council elections, in the latest sign of deepening division in the semiautonomous Chinese city wracked by months of protests. (AP Photo/Vincent Yu)
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October 29, 2019 - 6:24 am
HONG KONG (AP) — Hong Kong authorities barred pro-democracy activist Joshua Wong from an election as the city's leader warned Tuesday that months of violent protests have pushed the city to the brink of recession. In comments likely to further anger protesters, Chief Executive Carrie Lam said there...
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