Recessions and depressions

FILE - In this Wednesday, Sept. 4, 2019 file photo, incoming President of the European Central Bank Christine Lagarde speaks to the European Parliament's Economic and Monetary Affairs Committee in Brussels. Newly appointed European Central Bank head Christine Lagarde makes her first official assessment Thursday, Dec. 12, 2019 of the mixed bag that is the eurozone economy, which suffers from slowing manufacturing and global trade even as consumer spending helps prop up growth. (AP Photo/Francisco Seco, File)
December 12, 2019 - 10:30 am
FRANKFURT, Germany (AP) — Christine Lagarde is wasting no time in putting her stamp on the European Central Bank. The bank's new president said at her first news conference Thursday that she will lead a top to bottom review of how the institution sets monetary policy, looking at everything from how...
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December 09, 2019 - 2:32 am
BERLIN (AP) — German exports posted a second consecutive month-on-month increase in October, defying economists' expectations of a slight decline. The Federal Statistical Office said Monday that exports rose 1.2% compared with the previous month. That followed a 1.5% increase in September. In year-...
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December 08, 2019 - 3:00 pm
WASHINGTON (AP) — The nation’s business economists expect U.S. economic growth to decelerate this year and next but for the economy to avoid stumbling into recession, extending a record-breaking expansion already in its 11th year. The latest survey by 53 forecasters with the National Association...
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Hong Kong Chief Executive Carrie Lam speaks during a press conference at the Legislative Council in Hong Kong, Tuesday, Dec. 3, 2019. (AP Photo/Vincent Thian)
December 03, 2019 - 2:46 am
HONG KONG (AP) — Hong Kong leader Carrie Lam said Tuesday that clashes between protesters and police last weekend have dampened her hopes that a recent lull in violence would allow the territory’s economy to recover. The government will soon launch a fourth round of measures to support business,...
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December 02, 2019 - 5:17 pm
JEFFERSON CITY, Mo. (AP) — A new report finds that many states are in better shape than ever to weather a potential recession. The report released Monday by Moody’s Analytics says 28 states have enough cash on hand to survive a moderate recession without having to resort to spending cuts or tax...
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FILE - In this Oct. 19, 2019, file photo Eldon Sylvester harvest soybeans in his field near Wamego, Kan. On Wednesday, Nov. 27, the Commerce Department issues the second estimate of how the U.S. economy performed in the July-September quarter. (AP Photo/Charlie Riedel, File)
November 27, 2019 - 12:08 pm
WASHINGTON (AP) — A series of government reports Wednesday cast a picture of a steadily growing U.S. economy, fueled by solid consumer spending and defying threats — at least for now — from a U.S.-China trade war and a global slowdown. The Commerce Department estimated that the economy grew at a...
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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 14, 2019 - 10:14 am
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell is asking Congress to tackle the growing budget deficit. Powell’s remarks before the House Budget Committee Thursday came a day after he told Congress’ Joint Economic Committee that the Fed was likely to keep rates unchanged in the coming...
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November 14, 2019 - 1:12 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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November 08, 2019 - 6:17 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 - 7:22 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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