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World Recession Timeline Tuesday, April 24 Bookmark and Share     Author
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Germany leads eurozone out of recession Turnaround 'will not be simple'. Global   France and Germany exit recession  Both economies grew by 0.3% between April and June, bringing to an end year-long recessions in Europe's largest economies Recession reality bites anime industry
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Main Event: Japan's economy falls into rece...
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B. 2015-12-18 Brazil's pro-austerity Finance Minister Joaquim Levy replaced Brazil
C. 2015-11-15 Japan's economy falls back into recession again Tokyo
D. 2015-02-15 Japan comes out of a recession Tokyo
E. 2014-12-30 Venezuelan economy enters recession Venezuela
F. 2014-12-07 Japan's third quarter recession deeper than forecasted Tokyo
G. 2014-12-02 Russia warns of recession in 2015 Moscow
2014-11-16 Japan's economy falls into recession Japan
I. 2013-05-15 France back into recession Paris
J. 2013-02-22 Eurozone recession 'to persist' European Union

France back into recession. Paris   Eurozone recession 'to persist'  European Union: The eurozone recession will persist into 2013, the European Commission has conceded in its latest forecast Germany 'likely to avoid recession'   Eurozone sees recession deepen  European Union: The economy of the 17 nations in the euro shrank by 0.6% in the fourth quarter, which was worse than forecast Eurozone slips back into recession. European Union Europe leaders warn of grim 2012  European Union: European leaders have warned of a difficult year ahead, as many economists predict recession in 2012 New warning of European recession  European Union: The OECD has warned that the eurozone and UK could be entering a recession, and has cut its global growth forecast Eurozone teeters on edge of recession. European Union   IMF: World economy in 'dangerous phase'  Global: The global economy has entered a "dangerous new phase," the IMF says, warning that the US and Europe could fall back into recession US and Europe shares fall further. New York Asia stocks drop on economy worry   South Korea: Asian stocks fell on Friday, following the trend on global markets, on continuing worries that the US economy could slide back into recessio...   Asia hammered by stocks sell-off in the US   South Korea: Earlier the Dow Jones stock index dropped 5.6%. Markets have been hammered amid fears that the US is heading for a recession   Japan economy back in recession  The world's third largest economy, contracted sharply in the first three months of the year, after a tsunami and earthquake Eurozone's growth rate speeds up  European Union: The eurozone's economy grows at a faster rate, powered by strong growth from Germany and France, but Portugal slides into recession US recession 'longest since WWII'. Washington Dubai debt woes 'a drama, but no crisis'
Brazil's pro-austerity Finance Minister Joaquim Levy replaced  President Dilma Rousseff has replaced her finance minister as Latin America's largest economy struggles to recover from recession Japan's economy falls back into recession again. Tokyo Japan comes out of a recession. Tokyo Venezuelan economy enters recession Japan's third quarter recession deeper than forecasted. Tokyo Russia warns of recession in 2015. Moscow   Japan's economy falls into recession

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  The economy contracted 1.6% at an annual pace in the quarter as spending failed to regain momentum after a sales tax increase

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  Market experts say the debt revelations will not lead the global economy back into recession, but have seriously damaged the Emirate's standing

  Japan: Japanese animation is a $2 billion-a-year industry. Revenues peaked in 2006 but have since fallen off, as lowered advertising revenues
Jul.2 Love hotel business zooms
  Japan: Even in the midst of deepest economic recession since World War II, the country's love hotel industry is thriving
Jun.22 World Bank: Poor nations hit by recession  Global: Worldwide trade will plummet by nearly 10% this year, and output will fall by 2.9% Apr.22   'Deeper' recession ahead says IMF
  Global: The International Monetary Fund: The global economy is set to decline by 1.3% in 2009, in the first global recession since World War II
Mar.10   IMF predicts a global recession
  Global: The head of the International Monetary Fund: The world economy is likely to shrink for the first time in decades this year
Feb.24 US recession 'may last into 2010'
  U.S. Congress: Federal Reserve chief Ben Bernanke has warned Congress that without the right policies from the government, the recession could last into 2010
Feb.18 Taiwan economy slumps into recession  Taiwan's economy slumped 8.36% during the last three months of 2008 with its second straight quarter of economic losses Jan.28     Annan: World faces 'crisis of governance'   Switzerland: Former UN Secretary-General: The worldwide economic recession has exposed a crisis that can only be addressed by the radical reform of the U... Jan.23 UK in recession as economy slides  London: The UK is now in recession for the first time since 1991. Gross domestic product fell by 1.5% in the last 3 months of 2008

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Dec.8 Japan sinks deeper into recession
  The second largest economy in the world after the US, shrank by 0.5%, for an annualised rate of 1.8%, significantly greater than expected
Nov.23   Democrats eye huge economic boost  U.S. Congress: Senior Democrats in the Congress are considering backing a huge economic stimulus package to try and steer the country clear of recession Nov.20 Recession fears hit stock markets
  Global: World shares have fallen amid concerns that the economy will enter a protracted downturn. The Dow Jones fell 2.3% in early trade
Nov.19 Asia markets follow US share drop. Japan Nov.16 World's No. 2 economy - in recession
  Japan: Cabinet Office confirmed that Japan's economy fell another 0.1% in its third quarter, following a 0.3% drop in the second quarter
Nov.14 Eurozone officially in recession
  European Union: EU figures showed that the economy shrank by 0.2% in the third quarter, following a 0.2% contraction in the area in the previous quarter.    2 quarters of negative growth define a technical recession. Germany and Italy are already in...
Nov.13 New recession fears ahead of G20. European Union German economy now in recession
   Germany: Government figures showed that Europe's largest economy contracted by 0.5% in the third quarter after a 0.4% contraction in the 2nd quarter Jun.8 G8: Oil prices could spur global recession  Japan: Japan's energy chief launched a meeting of ministers from the G8 nations by warning that soaring oil prices could trigger a global recession Jun.6 US unemployment rate reaches 5.5%. USA Apr.30 Further cut in interest rates. Washington Mar.20   OECD slashes US growth forecast
  USA: Organisation for Economic Co-operation and Development: The US economy is on the brink of recession
Mar.7   Bush insists US not in recession
  Washington: President says that he remains concerned about the economy's performance. The unemployment at its highest for five years
Feb.7 Congress approves US economy plan
  House of Representatives: The Congress has passed a $167bn economic stimulus plan aimed at helping to bolster the U.S economy and avoid a recession
Jan.24   Davos switches focus to Mideast Map of Davos Switzerland
   Switzerland: Fears of world recession briefly took a back seat at the World Economic Forum, where leaders focused on how to establish security

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Jan.18   Germany's economy worst since 1993
  Berlin: Economy grew by 0.2% in 2002, prompting fears that Germany is heading for a recession

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Aug.24     Thousands of Chavez supporters march
   Venezuela: Tens of thousands show faith in their leader despite an economic recession and opposition attempts to oust him
Mar.7   Recession drags on
  Japan: Economy shrank throughout the last 9 months of 2001

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Dec.6 Japan slips into recession Nov.26   US officially enters recession
  USA: The National Bureau of Economic Research has declared that the US entered recession in March 2001
Nov.1   New economic package
   Argentina: President de la Rua has announced a package which will reactivate the economy after 4 years of recession
Oct.3   Bush package to boost economy  Washington: President has announced a revitalisation package of $60bn to $75bn to avert a recession following suicide attacks Sep.25   Business gurus warn of US recession
  USA: Consumer confidence has slumped to 97.6, from 114.0 in August. Data before and after the atrocities differing slightly
Sep.24     IMF shrugs off recession fears
  USA: IMF has said the US economy may slow further than previously expected
Apr.14   Recession possible
  Japan: Cabinet Office said that hopes of a recovery are fading. First time since 1995 the government has used the word 'weakening'

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