June 27, 2013 A report issued Thursday by Ireland's Central Statistics Office found that its GDP had fallen by 0.6 percent. The same report also included newly revised figures for recent quarters. As a result, the negative GDP numbers in two or more quarters satisfies the definition of a recession.
Traders on the floor of the New York Stock Exchange on Monday.
Spencer Platt/Getty Images
January 28, 2013 Though stocks took a breather Monday from their recent rally, there are reasons to think they'll continue their upward move in coming months. Money seems to be moving out of bonds and into stocks, corporate earnings are better than expected and economies overseas are getting back on their feet.
November 15, 2012 Eurostat, the European Union's statistical agency, said Thursday that the bloc contracted 0.1 percent in the third quarter; it shrank 0.2 percent in the second quarter. The eurozone was last in recession in 2009.
In China's Anhui province, a worker unloads steel bars at a factory. A slowdown in China and other major nations threatens to pull the global economy into recession, the International Monetary Fund warns.
October 9, 2012 International Monetary Fund economists also warn that things could get even worse if European leaders don't finally get the euro crisis under control and if U.S. lawmakers let the federal government go over its "fiscal cliff."
August 6, 2010 In a story on state and local cutbacks, the NY Times reports that Hawaii furloughed its kids. The piece provides meaningful examples of how services citizens take for granted are falling to the ax.
June 3, 2010 As a restaurant critic, Ed Murrieta had an expense account and a nice home. Now, he struggles to get by on food stamps, and embraces the challenge.
December 15, 2008 Unintentional Hilarity finds hilarity where you least expect it... the global recession!
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