Recessions and depressions

Turkey's President Recep Tayyip Erdogan addresses a conference of parliament speakers in Istanbul, Friday, Oct. 11, 2019. Erdogan says his county "will not take a step back" from its offensive against Syrian Kurdish militants it sees as a national security threat, defying serious warnings from the United States and other Western nations. (Presidential Press Service via AP, Pool)
October 15, 2019 - 12:49 pm
FRANKFURT, Germany (AP) — The sanctions the U.S. announced against Turkey this week over its offensive in Syria fall well short of doing serious damage to an economy still healing from a recession and currency collapse. President Donald Trump could take far tougher action that would deter foreign...
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FILE - In this Aug. 15, 2019, file photo a "Now hiring" sign is displayed on the front door of a Staples store in Manchester, N.H. On Wednesday, Oct. 9, the Labor Department reports on job openings and labor turnover for August. (AP Photo/Charles Krupa, File)
October 09, 2019 - 11:21 am
WASHINGTON (AP) — U.S. job openings fell 1.7% in August and hires edged down, bolstering views that the labor market may lose momentum as economic uncertainty and a manufacturing recession squeeze employers. The Labor Department says employers advertised 7.1 million available jobs in August, down...
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FILE - In this May 23, 2019, file photo, customers shop near a section selling Marvel Avengers toys by American toymaker Hasbro at a toy store in Beijing. The nation's business economists think President Donald Trump's trade war with China will contribute to a sharp slowdown in economic growth this year and next, raising concerns about a possible recession starting late next year. (AP Photo/Andy Wong, File)
October 07, 2019 - 3:37 am
WASHINGTON (AP) — The nation's business economists think President Donald Trump's trade war with China will contribute to a sharp slowdown in economic growth this year and next, raising concerns about a possible recession starting late next year. The latest survey by a panel of 51 forecasters with...
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FILE - In this Oct. 14, 2009 file photo an employee of MAN Turbo company works on compressors and turbines at the factory in Oberhausen, western Germany. A German machine engeneering association says that orders for German machinery, an important export, plummeted in August adding to signs of a recession in Europe’s biggest economy. (AP Photo/Martin Meissner, file)
October 04, 2019 - 5:26 am
BERLIN (AP) — An industry association says orders for German machinery, an important export, plummeted in August, adding to signs of a recession in Europe’s biggest economy. The VDMA group said Friday that orders were down 17% compared with a year earlier, with demand from abroad dropping 19% and...
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A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Thursday, Oct. 3, 2019. Asian stocks fell for a fourth day Thursday as weaker U.S. manufacturing and hiring data fueled jitters about the global economy. (AP Photo/Eugene Hoshiko)
October 03, 2019 - 8:29 am
BEIJING (AP) — World shares were mixed Thursday as lackluster economic data and ongoing battles over trade continue to feed worries about the global economy. London and Tokyo retreated while Paris opened higher and Hong Kong advanced. German and Chinese markets were closed for holidays. Investors...
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In this Sept. 18, 2019, photo a Puckett Machinery Company technician walks past a new heavy duty Caterpillar excavator that awaits modification at Puckett Machinery Company in Flowood, Miss. On Tuesday, Oct. 1, the Institute for Supply Management, a trade group of purchasing managers, issues its index of manufacturing activity for September. (AP Photo/Rogelio V. Solis)
October 01, 2019 - 11:11 am
WASHINGTON (AP) — U.S. factory activity hit its lowest level in more than a decade, as President Donald Trump's trade wars take a toll on American manufacturing. The Institute for Supply Management, an association of purchasing managers, said Tuesday that its manufacturing index shrank for the...
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In this Sept. 30, 2019, photo, a signboard says "Consumption tax hike, 8 percent to 10 percent", at a mass home electronics retailer in Tokyo. Japan has raised consumption tax to 10 percent from 8 percent, amid concerns that it could sink the Japanese economy though government officials say ample measures are taken to minimize the impact. (Shinji Kita/Kyodo News via AP)
October 01, 2019 - 4:14 am
TOKYO (AP) — Japan raised its national sales tax to 10% from 8% on Tuesday, risking short-term pain for the sake of the country's future financial stability as it copes with a fast aging and shrinking population. Previous tax increases, a 2-point increase to 5% in 1997 and another to 8% in 2014,...
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FILE - In this Sept. 18, 2019, photo stock prices are displayed at the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Monday, Sept. 30. (AP Photo/Mark Lennihan, File)
September 30, 2019 - 4:39 pm
NEW YORK (AP) — U.S. stocks climbed on Monday and gave one last nudge to ensure the S&P 500 emerges from yet another tumultuous quarter with a modest gain. As has been the case throughout the quarter, movements in President Donald Trump's trade war with China helped drive the market on Monday...
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European Central Bank President Mario Draghi addresses European Parliament members at the European Parliament in Brussels, Monday, Sept. 23, 2019. (AP Photo/Francisco Seco)
September 30, 2019 - 10:32 am
FRANKFURT, Germany (AP) — European Central Bank head Mario Draghi says that stimulus measures including negative interest rates will have to stay in place longer if governments do not step up spending to help growth. Draghi was quoted Monday by the Financial Times as saying: "Our policies will...
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Britain's Prime Minister Boris Johnson, centre, arrives at the Conservative Party Conference in Manchester, England, Sunday Sept. 29, 2019. Johnson headed Sunday to the Conservative Party conference in Manchester, where the party is widely expected to endorse government plans to spend more on the country's National Health Service. (Stefan Rousseau/PA via AP)
September 29, 2019 - 10:21 am
LONDON (AP) — Prime Minister Boris Johnson has refused to be drawn on whether he had asked one of his fellow European Union leaders to veto an extension to the scheduled Brexit departure date on Oct. 31. Johnson came to office in July, promising to leave the EU — do or die — by Halloween. The House...
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