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Recession

A recession is a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.

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All Content on this topic

Liz Truss gives a speech at Downing Street

UK: Liz Truss becomes new UK prime minister

In a first speech, she presented a "bold plan" to introduce tax cuts, bolster the NHS, and face the energy crisis.
PoliticsSeptember 6, 2022
huge insulated hot water tower built in Berlin to keep houses warm.

Businesses could jump ship in German recession

Data suggest that Germany is on the brink of a downturn that could ultimately lead some businesses to move abroad.
BusinessAugust 6, 2022
The historical building of the Bank of England, London, UK

Bank of England raises rate, warns of recession

The Bank of England has warned that Britain is facing a recession as it hiked its benchmark interest rate by 0.5%.
PoliticsAugust 4, 2022
REV The Driver Athen

The anti-Uber taxi driver in Athens

Meet Greece's lady taxi driver who is keen on keeping Uber out of the country.
Cars and TransportationAugust 2, 202209:00 min
A worker at Volkswagen in the city of Zwickau

Germany's economy stagnates as recession fears mount

German growth stagnates in the second quarter of the year, with the latest figures showed that growth was at zero.
PoliticsJuly 29, 2022
Joko Widodo (i) greets an unidentified Chinese official

Indonesia builds China ties amid economic turmoil

China and Indonesia are long-time partners, but economists warn Chinese investment can have negative consequences.
BusinessJuly 27, 2022
DW Made in Germany | Rezession

Recession: Calamity or economic cleanser?

As Germany enters into a recession, DW takes a look at the consequences of an economic contraction.
BusinessJuly 26, 202202:14 min
DW Made in Germany

Countless crises and a ray of hope?

Fear of a global recession is growing, but aviation and other industries are enjoying an upswing.
BusinessJuly 26, 202226:05 min
International Monetary Fund logo

IMF lowers growth forecast, warns of global 'recession'

The International Monetary Fund (IMF) has warned the world could be "teetering on the edge of global recession."
BusinessJuly 26, 2022
A stock broker sits on the trading floor of the stock market in Frankfurt, Germany

Germany's business confidence plummets

German businesses have been losing confidence in the current economic climate as growth prospects worsen.
BusinessJuly 25, 2022
Ashutosh Pandey

ECB comes to rate-hike party with a bang

Ashutosh Pandey
The hike could hurt the ECB's credibility as being predictable, but that's a small price to pay in these unusual times.
BusinessJuly 21, 2022
Dollar bills and a euro coin

How low could euro go below $1?

As the euro heads toward parity with the US dollar, currency traders say the slide is unlikely to stop there.
BusinessJuly 12, 2022
An electronic signboard in the dealing room of Hana Bank in Seoul showing a drop in share prices

Worried about a US or eurozone recession? 5 reasons for hope

Murmurs about a possible recession are increasing, but chances are that US and eurozone economies will avoid the worst.
BusinessJuly 6, 2022
A woman hands out oranges at a food bank in Germany

Germany's inflation 'time bomb'

The Ukraine war has had repercussions around the world. In Germany, people are fearing for their prosperity.
SocietyJuly 6, 2022
Euro and dollar notes in various denominations

Euro falls to 20-year low against the dollar

The eurozone currency has fallen as low as $1.0281, threatening a push towards dollar parity.
BusinessJuly 5, 2022
Japan's central bank head office nestled among big office buildings in Tokyo's central business district

Japan's central bank stands firm as yen falls

A decade of currency stability has come to an end with the rising cost of necessities and dear luxuries.
BusinessJune 21, 2022
Holger Schmieding

EU heading toward recession?

Economic figures don't look rosy for the EU at the moment, not least due to the fallout of Russia's invasion of Ukraine.
BusinessMay 17, 202202:16 min
David Malpass - World Bank Group president

Hidden debt a concern for developing nations

World Bank Group chief David Malpass warns that developing countries are facing a large pile of post-recession debt.
BusinessFebruary 15, 202203:39 min
Tents stand at Princesa Isabel square, where homeless people live in an area known as "cracolandia," or crackland, a dangerous wasteland of about eight blocks in the historic center of Sao Paulo

Pandemic forces Brazilians onto streets

In big cities like Sao Paulo, effects of the devastating recession are hard to miss.
PoliticsOctober 21, 202103:03 min
A fuel station in Munich

Why are Germans suddenly googling stagflation?

Interest in the economic phenomenon is at its highest level since the global financial crisis, according to Google data.
BusinessOctober 14, 2021
18.12.2018 FILE PHOTO: Colombian Finance Minister Alberto Carrasquilla Barrera attends a tax reform bill debate at the congress building in Bogota, Colombia.

Colombia: Finance minister resigns over withdrawn tax bill

Alberto Carrasquilla resigned after days of protests over a tax reform proposal that left at least 19 dead in Colombia.
Rule of LawMay 4, 2021
Udo Robakowski in his Berlin shoe store Schuh Konzept

Germany's lockdown pushes small retailers to the edge

Many small retailers in Berlin fear for their existence after Germany's COVID lockdown was extended once again.
BusinessFebruary 19, 2021
A logo of the 50th World Economic Forum (WEF) annual meeting is pictured on a window in Davos

Virtual Davos aims to cure pandemic pain

The summit is taking place against the backdrop of a crisis that has shredded livelihoods and widened inequalities.
BusinessJanuary 22, 2021
DW Business Sendungslogo

Titel: DW Business – Europe & America

Bleak US Jobs Outlook - Cuban reforms hike wages and prices
BusinessJanuary 21, 202112:06 min
external

Long-term impact of coronavirus crisis is massive

The virus has cost Germany some €212 billion already, says DIW President Marcel Fratzscher.
BusinessJanuary 4, 202102:44 min
DW Covid-19 Special Sendungslogo englisch

2020: The world in crisis mode

World under lockdown +++ Soaring deaths +++ Twin crises +++ Violence and crime +++ Environmental impact
December 31, 202026:06 min
The Frankfurt Stock Exchange

A look back at stock markets in 2020

Despite the 2020 COVID-19 crisis many stocks preformed well, others broke records like Bitcoin, Big Tech and Tesla.
BusinessDecember 31, 202001:41 min
external

Nigeria: Christmas 2020

Nigerians will be celebrating Christmas in a recession caused by the coronavirus pandemic.
HealthDecember 23, 202001:55 min
German President Frank-Walter Steinmeier in an address to the nation of the coronavirus — December 14, 2020

Coronavirus: 'The situation is bitterly serious'

President Frank-Walter Steinmeier has appealed to the public to abide by a stricter lockdown as of Wednesday.
PoliticsDecember 14, 2020
Hand holding euro banknotes

Universal income gains traction on the right

The forces ranged against liberal democracy can be tamed if liberalism, not libertarianism, refind their statist roots.
BusinessNovember 5, 2020
A man wears a mask as he works at his post on the trading floor of the New York Stock Exchange

US posts record quarterly growth

The US economy grew over 33% in the third quarter of 2020 after taking a major hit this spring when the pandemic struck.
BusinessOctober 29, 2020
Letters on shop window in Nicosia, Cyprus, saying 'Welcome back!'

IMF sees light in the darkness

Even though the virus-induced global economic crisis is far from over, the IMF sees light at the end of the tunnel.
BusinessOctober 13, 2020
Madrid is suffering one of Europe's worst coronavirus outbreaks.

Spain's COVID feud

Spaniards accuse their leaders of engaging in political games instead of pragmatic crisis management.
PoliticsOctober 12, 202002:53 min
New Zealanders wait to enter a shopping market during a coronavirus lockdown in Johnsonville

New Zealand enters recession amid record drop in GDP

New Zealand posted a 12.2% fall in its GDP as the country entered a coronavirus-induced recession.
BusinessSeptember 17, 2020
external

France: Billions against recession

The French government is urging industry to adopt reduced-hours schemes instead of layoffs.
BusinessSeptember 15, 202001:22 min
external

South African economy shrinks by more than a half

New bad economic data from South Africa has come as a shock for many people in the country.
BusinessSeptember 10, 202001:58 min
Employees in a German firm supplying car parts

German economic slump not as bad as feared

In its latest outlook, the German government has said it now expects Germany's economy to contract by 5.8% in 2020.
BusinessSeptember 1, 2020
Rishi Sunak standing next to worker in factory

UK economy enters recession after record 20% slump

The UK economy has shrunk by 20.4% between April and June, when the coronavirus lockdown was tightest.
BusinessAugust 12, 2020
Coronavirus mask

Coronavirus digest: Germany reports more than 1,000 cases

Germany has reported over 1,000 infections for the first time since May. Catch up with the latest news on the pandemic.
PoliticsAugust 6, 2020
Boehme Henrik Kommentarbild App

German economy won't bounce back fast

Henrik Böhme
Despite growing optimism in recent weeks about a COVID-19 recovery, the bad times are yet to come.
BusinessJuly 30, 2020
RezessionD Made in Germany

The coronavirus recession explained

How long might the recession last, and what will come afterwards? We outline various scenarios.
BusinessJuly 15, 202001:48 min
MADE Disruption Design

Made in Germany - The Woes of Generation Lockdown

The pandemic is costing young people around the world dearly. Is a generational conflict looming?
BusinessJuly 15, 202026:05 min
Stock image of euro coins and bills

EU faces deeper recession than expected: European Commission

The coronavirus crisis will push Europe into a deeper recession than expected, the European Commission has said.
SocietyJuly 7, 2020
Sendung Made in Germany vom 30.06.2020

Companies in lockdown

Catastrophe or opportunity? Company bosses in lockdown are struggling to survive.
BusinessJune 30, 202007:28 min
external

German economy to recover later than originally thought

Econimic adviser Volker Wieland, expalins why the slump in Germany's growth will be bigger than originally expected.
BusinessJune 24, 202003:31 min
Dürr employee

German GDP to drop by 6.5%

Economic advisers to the German government have drastically lowered their growth forecast for the current year.
BusinessJune 23, 2020
A graphic representation of a hand showing the victory sign is superimposed on the Made in Germany show logo which appears on a bright red background

Coronavirus Crisis: In this together?

We are in the deepest recession since the 1930s. How is it affecting people's lives and the economy?
BusinessJune 16, 202026:06 min
Farm workers harvesting zucchini

Coronavirus crashes economies, risking famines

Job losses are set to leave more people hungry than disruptions to supply chains from travel restrictions.
Nature and EnvironmentJune 11, 2020
Michel Barnier

EU won't allow UK's Brexit 'cherry picking' says Barnier

The EU's top Brexit negotiator has said the UK is attempting to "have the best of both worlds."
PoliticsJune 10, 2020
Workers on a wind turbine assembly line

Germany enters recession due to coronavirus

A slump in investments, consumption and exports shrank the economy, with experts predicting things to get even worse.
BusinessMay 25, 2020