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 - 11:30 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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FILE - In this March 8, 2019, file photo, work continues on an outdoor observation deck on the 30 Hudson Yards office building in New York. Business economists expect U.S. economic growth to slow this year and next, but they say the economy will avoid recession. (AP Photo/Mark Lennihan, File)
December 09, 2019 - 9:47 am
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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December 09, 2019 - 9:43 am
Paul Volcker, the former Federal Reserve chairman who in the early 1980s raised interest rates to historic highs and triggered a recession as the price of quashing double-digit inflation, died, according to his office. He was 92. Volcker took charge of the Fed in August 1979, when the U.S. economy...
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December 09, 2019 - 3:32 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 - 4:00 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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FILE - In this Nov. 27, 2019, file photo Balo Balogun labels items in preparation for a holiday sale at a Walmart Supercenter in Las Vegas. On Friday, Dec. 6, the U.S. government issues the November jobs report. (AP Photo/John Locher, File)
December 06, 2019 - 5:45 pm
WASHINGTON (AP) — American businesses have complained for years that they can’t find the workers they need to fill available jobs. November’s robust hiring gain suggests that at least some have found a way to do so. With the unemployment rate now at a half-century low of 3.5%, many economists have...
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FILE - In this Nov. 27, 2019, file photo Balo Balogun labels items in preparation for a holiday sale at a Walmart Supercenter in Las Vegas. On Friday, Dec. 6, the U.S. government issues the November jobs report. (AP Photo/John Locher, File)
December 06, 2019 - 4:26 pm
WASHINGTON (AP) — American businesses have complained for years that they can’t find the workers they need to fill available jobs. November’s robust hiring gain suggests that at least some have found a way to do so. With the unemployment rate now at a half-century low of 3.5%, many economists have...
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FILE - In this Nov. 27, 2019, file photo Balo Balogun labels items in preparation for a holiday sale at a Walmart Supercenter in Las Vegas. On Friday, Dec. 6, the U.S. government issues the November jobs report. (AP Photo/John Locher, File)
December 06, 2019 - 11:54 am
WASHINGTON (AP) — Hiring in the United States jumped last month to its highest level since January as U.S. employers shrugged off trade conflicts and a global slowdown and added 266,000 jobs. The unemployment rate dipped to 3.5% from 3.6% in October, matching a half-century low, the Labor...
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FILE - In this Nov. 14, 2019, file photo trader John Elliott works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Tuesday, Dec. 3. (AP Photo/Richard Drew, File)
December 03, 2019 - 5:31 pm
Stocks closed broadly lower and bond prices rose sharply on Wall Street Tuesday after President Donald Trump cast doubt over the potential for a trade deal with China this year. Technology companies, banks and industrial stocks accounted for much of the sell-off, which extended the S&P 500’s...
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FILE - In this Nov. 14, 2019, file photo trader John Elliott works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Tuesday, Dec. 3. (AP Photo/Richard Drew, File)
December 03, 2019 - 4:49 pm
Stocks closed broadly lower and bond prices rose sharply on Wall Street Tuesday after President Donald Trump cast doubt over the potential for a trade deal with China this year. Technology companies, banks and industrial stocks accounted for much of the sell-off, which extended the S&P 500’s...
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