Recessions and depressions

A currency trader talks on the phone at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Nov. 14, 2019. Asian stock markets were mixed Thursday amid doubts about the status of a U.S.-Chinese trade deal after the U.S. Federal Reserve’s chairman said it is likely to leave its benchmark interest rate unchanged. (AP Photo/Ahn Young-joon)
November 14, 2019 - 7:58 am
BEIJING (AP) — Global stock markets slipped Thursday amid doubts about a U.S.-Chinese trade deal and after the U.S. Federal Reserve chairman said it is likely to leave its benchmark interest rate unchanged. London and Frankfurt were trading lower after Tokyo and Hong Kong closed down for the day...
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November 14, 2019 - 2:12 am
BERLIN (AP) — The German economy returned to modest growth in the July-September period, averting a widely-feared recession. The Federal Statistical Office said Thursday gross domestic product grew 0.1% compared with the previous quarter. It says, however, that the economy in the second quarter...
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Federal Reserve Board Chair Jerome Powell testifies on the economic outlook, on Capitol Hill in Washington, Wednesday, Nov. 13, 2019. (AP Photo/Jose Luis Magana)
November 13, 2019 - 4:26 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said 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 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)
November 07, 2019 - 7:59 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. "Goyita" is one of more than...
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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)
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)
October 30, 2019 - 9:51 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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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)
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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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)
October 29, 2019 - 3:37 am
BANGKOK (AP) — Shares were mixed in Asia and Chinese benchmarks fell Tuesday after Hong Kong's leader warned that months of political protests are taking a harsh toll on the economy. Shares rallied on Wall Street overnight, with the benchmark S&P 500 hitting a record high, at the onset of a...
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This Sept. 18, 2019, photo shows the view of the U.S. Capitol building from the Washington Monument in Washington. The federal deficit for the 2019 budget year is expected to have soared to near $1 trillion, up more than $200 billion from last year and the largest such gap in seven years. (AP Photo/Patrick Semansky)
October 25, 2019 - 7:07 pm
WASHINGTON (AP) — The Trump administration reported a river of red ink Friday. The federal deficit for the 2019 budget year surged 26% from 2018 to $984.4 billion — its highest point in seven years. The gap is widely expected to top $1 trillion in the current budget year and likely remain there for...
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