Recessions and depressions

FILE - In this June 24, 2019, file photo Ford's employees work on a Lincoln Aviator line at Ford's Chicago Assembly Plant in Chicago's Hegewisch neighborhood. On Thursday, Aug. 15, the Federal Reserve reports on U.S. industrial production for July. (AP Photo/Amr Alfiky, File)
August 15, 2019 - 10:29 am
WASHINGTON (AP) — U.S. industrial production fell 0.2% in July, as factory activity slumped in a worrisome sign for the economy. The Federal Reserve said Thursday that the overall decline was caused primarily by a 0.4% drop last month in manufacturing production. Output decreased for autos,...
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FILE - In this July 22, 2019, file photo a container ship is unloaded at the Port of Oakland in Oakland, Calif. On Thursday, Aug. 15, the Labor Department issues revised data on productivity in the second quarter. (AP Photo/Ben Margot, File)
August 15, 2019 - 9:04 am
WASHINGTON (AP) — U.S. productivity increased at a decent pace in the second quarter, a trend that could lead to higher wages if it continues. The Labor Department said Thursday that productivity — or output per hour worked — rose 2.3% in the April-June quarter, down from 3.5% in the first three...
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People are reflected in a window as they walk past the Australian Stock Exchange in Sydney, Thursday, Aug. 15, 2019. Asian stock markets followed Wall Street lower on Thursday after the Dow Jones Industrial Average plunged on mounting fears of a possible recession. (AP Photo/Rick Rycroft)
August 15, 2019 - 7:52 am
LONDON (AP) — Global stock markets fell sharply again Thursday after Wall Street endured its worst day of the year as recession fears in the U.S. and around the world escalated. Investors across financial assets have been gripped by developments in the U.S. bond market. On Wednesday they focused on...
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People are reflected in a window as they walk past the Australian Stock Exchange in Sydney, Thursday, Aug. 15, 2019. Asian stock markets followed Wall Street lower on Thursday after the Dow Jones Industrial Average plunged on mounting fears of a possible recession. (AP Photo/Rick Rycroft)
August 15, 2019 - 12:35 am
BEIJING (AP) — Asian stock markets followed Wall Street lower on Thursday after the Dow Jones Industrial Average plunged on mounting fears of a possible recession. Market benchmarks in Shanghai, Tokyo and Hong Kong all retreated. U.S. investors dumped stocks, sending the Dow into its biggest one-...
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August 14, 2019 - 4:14 pm
NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. The Dow Jones Industrial Average sank 800 points after the bond market flashed a warning sign about a possible recession for the first time since 2007. The yield on the 10-year Treasury briefly dropped below...
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FILE - In this July 30, 2019 file photo, trader Gregory Rowe works on the floor of the New York Stock Exchange. An economic alarm bell is sounding in the U.S. and sending warnings of a potential recession. Yields on 2-year and 10-year Treasury notes inverted early Wednesday, Aug. 14, a market phenomenon that shows investors want more in return for short-term government bonds than they are for long-term bonds. (AP Photo/Richard Drew)
August 14, 2019 - 3:23 pm
NEW YORK (AP) — Compared to the free-swinging and sometimes emotional stock market, the bond market is supposed to be the sober and measured one. It's getting more alarmed. Bonds sounded their loudest warning bell yet of recession on Wednesday, when the yield on the 10-year Treasury briefly fell...
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FILE - In this Thursday, May 16, 2019 photo cars for export and import are stored in front of containers at the harbor in Bremerhaven, Germany. The German economy shrank by 0.1 percent in the second quarter as global trade conflicts and troubles in the auto industry weighed on Europe's largest economy. (AP Photo/Martin Meissner, file)
August 14, 2019 - 10:29 am
FRANKFURT, Germany (AP) — Germany's economy shrank by 0.1 percent in the second quarter as global trade conflicts and troubles in the auto industry held back the largest member of the 19-country euro currency union. The weak performance darkened prospects for the entire eurozone, where the European...
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FILE - In this March 6, 2019, file photo a staff member works on a mobile phone production line during a media tour in Huawei factory in Dongguan, China's Guangdong province. Huawei Technologies Co. is one of the world's biggest supplier of telecommunications equipment. The United States is delaying tariffs on Chinese-made cellphones, laptop computers and other items and removing other Chinese imports from its target list altogether in a move that triggered a rally on Wall Street. (AP Photo/Kin Cheung, File)
August 13, 2019 - 4:38 pm
WASHINGTON (AP) — Responding to pressure from businesses and growing fears that a trade war is threatening the U.S. economy, the Trump administration is delaying most of the import taxes it planned to impose on Chinese goods and is dropping others altogether. The announcement Tuesday from the...
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Italian Interior Minister and Deputy-Premier Matteo Salvini is applauded by The League party's lawmakers as he addresses the Senate in Rome, Tuesday, Aug. 13, 2019. Italy’s political leaders scrambled to line up allies and form alliances Tuesday as the country’s right-wing interior minister pressed his demands for an early election in the hope of snagging the premiership as a platform for his anti-migrant, euroskeptic agenda. Senators hastily summoned back from a vacation break convened for a vote on scheduling their consideration of a no-confidence motion lodged by Matteo Salvini’s League party against Premier Giuseppe Conte’s 14-month-old populist government. (AP Photo/Alberto Pellaschiar)
August 13, 2019 - 2:56 pm
ROME (AP) — Italy's political leaders scrambled to line up allies and form alliances Tuesday as the country's right-wing interior minister pressed his demands for an early election in hopes of snagging the premiership as a platform for his anti-migrant, euroskeptic agenda. Senators were hastily...
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Britain's Chancellor of teh Exchequer Sajid Javid during a visit to the National Grid Training Centre in Newark, England, as the UK announced its GDP second quarter figures, Friday Aug. 9, 2019. Britain's Office for National Statistics released figures showing the British economy shrank in the second quarter of 2019, as Brexit uncertainties weighed on business investment. ( Joe Giddens/PA via AP)
August 09, 2019 - 8:28 am
LONDON (AP) — The British economy shrank in the second quarter for the first time since 2012 as Brexit uncertainties weighed on business investment and firms reduced their stockpiling after Britain's departure from the European Union was postponed, official figures showed Friday. The decline is set...
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