Recessions and depressions

Members of political parties and social movements protest the visit of an International Monetary Fund (IMF) delegation, one with a sign that reads in Spanish "Get out of Argentina IMF. No to the debt payment," in Buenos Aires, Argentina, Wednesday, Feb. 12, 2020. Argentina announced Tuesday that it will delay paying principal on a peso-denominated bond that had been due this week while it works on restructuring an overall debt it says is unpayable at a time of economic hardship. (AP Photo/Gustavo Garello)
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February 12, 2020 - 3:04 pm
BUENOS AIRES, Argentina (AP) — Argentina has been here before: recession, growing poverty, high inflation, billions of dollars in debt, a looming deadline for repayment and simmering anger toward the International Monetary Fund. This is a big week for one of Latin America's biggest economies, which...
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FILE - In this Sept. 18, 2019, file photo people stand in line to inquire about jobs available at the Bean Automotive Group during a job fair designed for people fifty years or older in Miami. On Tuesday, Feb. 11, 2020, the Labor Department reports on job openings and labor turnover for December. (AP Photo/Lynne Sladky, File)
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February 11, 2020 - 11:13 am
WASHINGTON (AP) — U.S. businesses sharply cut the number of jobs they advertised in December for the second straight month, an unusual sign of weakness in an otherwise healthy job market. The number of available positions dropped 5.4% to 6.4 million, a historically solid number, the Labor...
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FILE - In this Aug. 21, 2019 file photo, Puerto Rico's Governor Wanda Vazquez holds a press conference to announce new administrative appointments at the governor's official residence La Fortaleza in San Juan, Puerto Rico. Puerto Rico's fragile economy is facing an uncertain future after Vazquez rejected on Sunday, Feb. 9, 2020, a settlement announced late Sunday with bondholders that would reduce the U.S. territory's public debt by 70%. (AP Photo/Carlos Giusti)
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February 10, 2020 - 12:05 am
SAN JUAN, Puerto Rico (AP) — Puerto Rico's fragile economy is facing an uncertain future after the island's governor rejected a settlement announced late Sunday with bondholders that would reduce the U.S. territory's public debt by 70%. The settlement is the biggest one to date since the island's...
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Stock trader Frank Masiello works at the New York Stock Exchange, Tuesday, Feb. 4, 2020. Stocks are opening broadly higher on Wall Street, following gains overseas. (AP Photo/Mark Lennihan)
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February 04, 2020 - 10:31 pm
TOKYO (AP) — Asian shares rose Wednesday on optimism that China's latest actions may help curtail some of the expected economic damage from the virus outbreak. Japan's benchmark Nikkei 225 gained 1.1% to 23,330.11 in morning trading. Australia's S&P/ASX 200 added 0.3% to 6,967.20. South Korea's...
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Jennifer Lopez and daughter Emme Maribel Muniz perform during halftime of the NFL Super Bowl 54 football game Sunday, Feb. 2, 2020, in Miami Gardens, Fla. (AP Photo/Charlie Riedel)
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February 03, 2020 - 6:26 pm
SAN JUAN (AP) — The screams echoed across Puerto Rico when Jennifer Lopez unfurled a feather cape representing the flag of the U.S. territory during the Super Bowl’s halftime show, a moment that many were still replaying and sharing on Monday. The move came at a trying time for those on the island...
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FILE - The front of the New York Stock Exchange is shown in this Jan. 31, 2020, file photo. Stocks are opening solidly higher on Wall Street as the market finds its footing after two weeks of losses amid uncertainty over the virus outbreak that began in China. (AP Photo/Mark Lennihan, File)
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February 03, 2020 - 4:39 pm
NEW YORK (AP) — Stocks rose in much of the world Monday and recovered some of their losses from earlier weeks, but markets are still far from giving the all-clear on the virus that has spread to more than 20 countries and infected more than 17,000 people. Chinese stocks tumbled nearly 8% after...
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People wear protective face masks on a street corner in Hong Kong, Monday, Feb. 3, 2020. In Hong Kong, thousands of health care workers were threatening to go on strike Tuesday unless the government agrees to talks before a 6 p.m. Monday deadline. Hong Kong has recorded 14 cases of the virus and has cut flights and train and bus connections to the mainland, but a push is growing for the semi-autonomous Chinese city to close the border completely. (AP Photo/Vincent Yu)
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February 03, 2020 - 6:06 am
HONG KONG (AP) — Hong Kong’s economy shrank last year for the first time since 2009, government data showed Monday, as the territory struggles with the impact of China's virus outbreak. The economy of the Chinese territory of 7 million people, a major trading and financial center, contracted by 1.2...
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Mark Carney, Governor of the Bank of England attends the Bank of England's Monetary Policy Report news conference in the City of London, Thursday Jan. 30, 2020. The Bank of England on Thursday opted against cutting interest rates after a run of fairly firm economic data in the past week eased fears about a dramatic slowdown in the British economy. (Jonathan Brady/Pool via AP)
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January 30, 2020 - 12:45 pm
LONDON (AP) — The Bank of England on Thursday opted against cutting interest rates amid signs of improvement in the British economy in the run-up to Britain's imminent departure from the European Union. The bank said in a statement that its Monetary Policy Committee voted 7-2 to keep the key U.K...
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FILE - In this Dec. 11, 2019, file photo a television screen on the floor of the New York Stock Exchange shows Federal Reserve Board Chair Jerome Powell's Washington news conference. The Federal Reserve approved a proposal Thursday, Jan. 30, 2020, to loosen a financial-crisis era rule that prevents banks from investing in venture capital funds. (AP Photo/Richard Drew, File)
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January 30, 2020 - 11:02 am
WASHINGTON (AP) — The Federal Reserve approved a proposal Thursday to loosen a financial-crisis era rule that prevents banks from investing in venture capital funds. The proposal would affect the so-called “Volcker Rule," which was created after the 2008 financial meltdown. The rule bars banks from...
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President of European Central Bank Christine Lagarde smiles prior to a press conference following a meeting of the governing council in Frankfurt, Germany, Thursday, Jan. 23, 2020. (AP Photo/Michael Probst)
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January 23, 2020 - 11:53 am
FRANKFURT, Germany (AP) — The European Central Bank has decided to launch a top-to-bottom review of how it steers the economy in the 19 countries that use the euro currency. The review, the first since the global financial crisis, could include tweaking the bank's goal for inflation and finding...
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