Recessions and depressions

Greece's Prime Minister Alexis Tsipras, right, and Simos Anastasopoulos, President of the American-Hellenic Chamber of Commerce, center, listen to U.S. Commerce Secretary Wilbur Ross, during a visit at Thessaloniki International Trade Fair, at the northern Greek city of Thessaloniki, Saturday, Sept. 8, 2018. Thousands of police officers will be on duty in the northern city Saturday, as anti-austerity protests are planned throughout the city, at the same time when Tsipras plans to outline his economic platform for a country emerging from a decade of international bailout measures. (AP Photo/Giannis Papanikos)
September 08, 2018 - 8:00 am
THESSALONIKI, Greece (AP) — U.S. Commerce Secretary Wilbur Ross on Saturday inaugurated a trade fair in recession-weary Greece, where the government is pushing for overseas investment but faces mass protests after years of plummeting living standards. Ross joined Greece's left-wing Prime Minister...
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September 04, 2018 - 8:31 am
JOHANNESBURG (AP) — The South African economy has fallen into recession, compounding concerns about its weakening currency, plans for land reform and fallout from state corruption under former president Jacob Zuma. The Statistics South Africa group said Tuesday that the economy shrank by 0.7...
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In this June 19, 2018 photo, several ship to shore cranes stack shipping containers on-board the container ship Maersk Semarang while three Ever Green Line refrigerated containers wait to be loaded onto another ship at the Port of Savannah in Savannah, Ga. On Wednesday, Aug. 29, the Commerce Department issues the second of three estimates of how the U.S. economy performed in the April-June quarter. (AP Photo/Stephen B. Morton)
August 29, 2018 - 11:15 am
WASHINGTON (AP) — The U.S. economy grew at a strong 4.2 percent annual rate in the April-June quarter, the best showing in nearly four years, as growth stayed on track to produce its strongest full-year gain in more than a decade. Strength in business investment offset slightly slower consumer...
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Esther George, left, President and CEO of the Federal Reserve Bank of Kansas City, John Williams, center, President and CEO of the Federal Reserve Bank of New York, and Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System walk together after Powell's speech at the Jackson Hole Economic Policy Symposium on Friday, Aug. 24, 2018 in Jackson Hole, Wyo. Federal Reserve Chairman Jerome Powell signaled Friday that he expects the Fed to continue gradually raising interest rates if the U.S. economic expansion remains strong. (AP Photo/Jonathan Crosby)
August 24, 2018 - 4:19 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell signaled Friday that he expects the Fed to continue gradually raising interest rates if the U.S. economic expansion remains strong. Powell added that while annual inflation has risen to near the Fed's 2 percent target rate, it doesn't seem...
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In this photo released by Greek Prime Minister's office, Greek Prime Minister Alexis Tsipras delivers a speech from the western Greek island of Ithaca, legendary home of the ancient mariner Odysseus, hero of Homer's Odyssey epic, on Tuesday, Aug. 21, 2018. Speaking to local officials on the island, Tsipras compared Greece's bailout travails with those of Odysseus. Greece remains shackled to the austerity demands of its former creditors even though it officially entered its post-bailout era Tuesday. (Andrea Bonetti /Greek Prime Minister's Office via AP)
August 21, 2018 - 7:00 am
ATHENS, Greece (AP) — Greece's eight-year bailout ordeal will forever be bookended by two of the country's iconic islands. In choosing the western island of Ithaca to declare the end of the bailout era Tuesday, Greek Prime Minister Alexis Tsipras harked back to one of the country's legendary heroes...
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July 29, 2018 - 10:01 pm
COLORADO SPRINGS, Colo. (AP) — Billionaire industrialist Charles Koch warned Sunday that Trump administration trade policies could trigger a recession. The conservative activist lashed out at the Republican president's brewing international trade war as hundreds of donors gathered for a private...
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President Donald Trump delivers remarks on the economy from the South Lawn of the White House, Friday, July 27, 2018, in Washington. (AP Photo/Jacquelyn Martin)
July 27, 2018 - 1:32 pm
WASHINGTON (AP) — The U.S. economy accelerated last quarter at an annual rate of 4.1 percent, the government estimated Friday, as consumers spent tax-cut money, businesses stepped up investment and exporters rushed to ship their goods ahead of retaliatory tariffs. President Donald Trump said he was...
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