The global economy will come “perilously close” to a recession this year, led by weaker growth in all the world’s top economies — the United States, Europe and China — the World Bank warned Tuesday.(Photo by Julia Nikhinson AP)

World Bank: Recession a looming threat for global economy

  • January 11, 2023
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The global economy will come “perilously close” to a recession this year, led by weaker growth in all the world’s top economies — the United States, Europe and China, the…

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(FILES) In this file photo taken on January 17, 2020, Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva speaks in Washington, DC. – The coronavirus pandemic has driven the global economy into a downturn that will require massive funding to help developing nations, Georgieva said on March 27. 2020. (Photo by JIM WATSON / AFP)

IMF chief: ‘Clear we have entered recession’

The coronavirus pandemic has driven the global economy into a downturn that will require massive funding to help developing nations, IMF chief Kristalina Georgieva said Friday. “It is clear that…

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This is a coronavirus-related file photo, but the mood may have summed up the current feelings of investors regarding Evergrande of China. (AP Photo/Richard Drew)

Worst day on Wall Street since 1987 as virus fears spread

  • March 13, 2020
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NEW YORK (AP) — The escalating coronavirus emergency sent the stock market Thursday into its worst slide since the Black Monday crash of 1987, extending a sell-off that has now…

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In this March 8, 2020, photo released by Xinhua News Agency, a staff member walks down a corridor of an empty makeshift hospital in Wuhan, central China’s Hubei Province. The makeshift hospital converted from a sports venue was officially closed on Sunday after its last batch of cured COVID-19 patients were discharged. (Xiao Yijiu/Xinhua via AP)

Xi visits virus’ epicenter as fears of recession grip world

  • March 10, 2020
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BEIJING (AP) — China’s president visited the center of the global virus outbreak Tuesday as Italy began a sweeping nationwide travel ban and people worldwide braced for the possibility of…

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Photo in courtesy of AP

Hong Kong enters recession as protests show no sign of relenting

  • October 28, 2019
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HONG KONG (Reuters) – Hong Kong has fallen into recession, hit by more than five months of anti-government protests that show no signs of relenting, and is unlikely to achieve…

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