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Sharp Decline in Seoul Stocks - South Corea

Traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, April 7, 2025. South Korea's benchmark Korea Composite Stock Price Index (KOSPI) lost 103.57 points, or 4.2 percent, to 2,361.85 as of 11:20 a.m. Due to the sharp decline, the bourse operator placed a sidecar order at 9:12 a.m., pausing program buying for five minutes, after the KOSPI 200 index fell more than 5 percent for over one minute. It was the first sidecar order for program buying since August 2024, according to local reports. The KOSPI plummeted as investors sold off stocks in response to increasing concerns about a recession after the U.S. government revealed "reciprocal tariffs" last week, said analysts here. Photo by Jun Hyosang/Xinhua/ABACAPRESS.COM

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Sharp Decline in Seoul Stocks - South Corea

This photo taken on April 7, 2025 shows a screen at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea. South Korea's benchmark Korea Composite Stock Price Index (KOSPI) lost 103.57 points, or 4.2 percent, to 2,361.85 as of 11:20 a.m. Due to the sharp decline, the bourse operator placed a sidecar order at 9:12 a.m., pausing program buying for five minutes, after the KOSPI 200 index fell more than 5 percent for over one minute. It was the first sidecar order for program buying since August 2024, according to local reports. The KOSPI plummeted as investors sold off stocks in response to increasing concerns about a recession after the U.S. government revealed "reciprocal tariffs" last week, said analysts here. Photo by Jun Hyosang/Xinhua/ABACAPRESS.COM

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Sharp Decline in Seoul Stocks - South Corea

A trader is seen in front of a screen at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, April 7, 2025. South Korea's benchmark Korea Composite Stock Price Index (KOSPI) lost 103.57 points, or 4.2 percent, to 2,361.85 as of 11:20 a.m. Due to the sharp decline, the bourse operator placed a sidecar order at 9:12 a.m., pausing program buying for five minutes, after the KOSPI 200 index fell more than 5 percent for over one minute. It was the first sidecar order for program buying since August 2024, according to local reports. The KOSPI plummeted as investors sold off stocks in response to increasing concerns about a recession after the U.S. government revealed "reciprocal tariffs" last week, said analysts here. Photo by Jun Hyosang/Xinhua/ABACAPRESS.COM

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Tokyo stocks tumble

A financial data screen in Tokyo shows the 225-issue Nikkei Stock Average plunging over 1,000 points on March 11, 2025, on selling fueled by uncertainty over U.S. tariff policies and fears of a U.S. recession.

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Tokyo stocks tumble

A financial data screen in Tokyo shows shares of many Japanese companies falling on March 11, 2025, on selling fueled by uncertainty over U.S. tariff policies and fears of a U.S. recession.

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SOUTH KOREA-SEOUL-STOCKS-PLUNGE

(240805) -- SEOUL, Aug. 5, 2024 Photo by Xinhua/ABACAPRESS.COM) -- Staff members work in front of the stock index information screen of Hana Bank in Seoul, South Korea, Aug. 5, 2024. South Korean stocks closed 8.8 percent lower on Monday as investors panicked on rising fears of the U.S. economic recession. The benchmark Korea Composite Stock Price Index (KOSPI) dived 234.64 points, or 8.77 percent, to close at 2,441.55 and the small-cap KOSDAQ index tumbled 88.05 points, or 11.30 percent, to finish at 691.28. Photo by Xinhua/ABACAPRESS.COM/Yao Qilin)

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SOUTH KOREA-SEOUL-STOCKS-PLUNGE

(240805) -- SEOUL, Aug. 5, 2024 Photo by Xinhua/ABACAPRESS.COM) -- Staff members work in front of the stock index information screen of Hana Bank in Seoul, South Korea, Aug. 5, 2024. South Korean stocks closed 8.8 percent lower on Monday as investors panicked on rising fears of the U.S. economic recession. The benchmark Korea Composite Stock Price Index (KOSPI) dived 234.64 points, or 8.77 percent, to close at 2,441.55 and the small-cap KOSDAQ index tumbled 88.05 points, or 11.30 percent, to finish at 691.28. Photo by Xinhua/ABACAPRESS.COM/Yao Qilin)

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China's growth, development an opportunity to world: Nigerian expert

STORY: China's growth, development an opportunity to world: Nigerian expert SHOOTING DATE: Feb. 22, 2024 DATELINE: March 4, 2024 LENGTH: 00:01:29 LOCATION: Abuja CATEGORY: ECONOMY SHOTLIST: 1. various of China 2. SOUNDBITE (English): CHARLES ONUNAIJU, Director of Center for China studies, Nigeria STORYLINE: In a recent interview with Xinhua, a Nigerian expert has said China's growth and development offers an opportunity to the world, noting that its development path advocates inclusiveness instead of exclusion. SOUNDBITE (English): CHARLES ONUNAIJU, Director of the Center for China Studies, Nigeria "Chinese economy has done well, has recovered significantly. China has been a significant factor in altering the destiny of globalization in the direction of inclusion, in the direction of accommodation, in the direction of shared prosperity for all stakeholders. Enabling trade, so that nations could trade themselves out of recession, nations could trade themselves out of poverty, nations could advance their do

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Australian treasurer warns of economic slowdown ahead of GDP data

STORY: Australian treasurer warns of economic slowdown ahead of GDP data SHOOTING TIME: March 1, 2024 DATELINE: March 2, 2024 LENGTH: 00:01:03 LOCATION: Canberra CATEGORY: ECONOMY SHOTLIST: 1. various of Australian supermarket 2. various of Australians shopping STORYLINE: The Australian economy is facing a significant slowdown but will likely avoid a recession, Treasurer Jim Chalmers said on Thursday. Speaking from the G20 Finance Ministers and Central Bank Governors meetings in Brazil, he told the Australian Broadcasting Corporation (ABC) that while inflation is falling in Australia, the country is "not immune" to weak global growth. "We expect growth in our economy to be quite weak," Chalmers told ABC radio. "And as we deal with this inflation challenge, we also need to deal with the fact that people have been under pressure and that's had consequences for growth in our economy." The federal government will release the gross domestic product (GDP) figures for the final quarter of 2023 early in March.

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Climate change deprives 21 mln Afghans of access to clean water: official

STORY: Climate change deprives 21 mln Afghans of access to clean water: official SHOOTING TIME: Feb. 8, 2024 DATELINE: Feb. 9, 2024 LENGTH: 0:01:19 LOCATION: Kabul CATEGORY: SOCIETY SHOTLIST: 1. various of Afghans fetching water in Kabul, Afghanistan STORYLINE: Climate change and frequent years of drought have deprived 21 million Afghans, almost half of Afghanistan's population, of access to potable water, Deputy Head of Afghanistan's National Environment Program Agency (NEPA) Abdul Salam Haqqani said. "Twenty-one million people, which is half of the population of the country, face a lack of water and do not have access to drinking water," local television channel TOLOnews quoted Haqqani on Wednesday as saying. Haqqani also noted that climate change has also destroyed 3 percent of the war-torn country's forests and decreased the rainfall by 37 percent. Afghanistan has been experiencing years of drought, which led to a recession of underground water including in the national capital Kabul, as major

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AFGHANISTAN-KABUL-CLIMATE CHANGE-CLEAN WATER

(240209) -- KABUL, Feb. 9, 2024 (Xinhua) -- Afghan children fetch water in Kabul, the capital of Afghanistan, Feb. 8, 2024. Climate change and frequent years of drought have deprived 21 million Afghans, almost half of Afghanistan's population, of access to potable water, Deputy Head of National Environment Program Agency (NEPA) Abdul Salam Haqqani said. Afghanistan has been experiencing years of drought, which led to a recession of underground water including in the national capital Kabul, as major parts of some 6 million people of the city have been facing extreme water scarcity. (Photo by Saifurahman Safi/Xinhua)

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AFGHANISTAN-KABUL-CLIMATE CHANGE-CLEAN WATER

(240209) -- KABUL, Feb. 9, 2024 (Xinhua) -- This photo taken on Feb. 8, 2024 shows a water tank in Kabul, the capital of Afghanistan. Climate change and frequent years of drought have deprived 21 million Afghans, almost half of Afghanistan's population, of access to potable water, Deputy Head of National Environment Program Agency (NEPA) Abdul Salam Haqqani said. Afghanistan has been experiencing years of drought, which led to a recession of underground water including in the national capital Kabul, as major parts of some 6 million people of the city have been facing extreme water scarcity. (Photo by Saifurahman Safi/Xinhua)

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AFGHANISTAN-KABUL-CLIMATE CHANGE-CLEAN WATER

(240209) -- KABUL, Feb. 9, 2024 (Xinhua) -- People get water in Kabul, the capital of Afghanistan, Feb. 8, 2024. Climate change and frequent years of drought have deprived 21 million Afghans, almost half of Afghanistan's population, of access to potable water, Deputy Head of National Environment Program Agency (NEPA) Abdul Salam Haqqani said. Afghanistan has been experiencing years of drought, which led to a recession of underground water including in the national capital Kabul, as major parts of some 6 million people of the city have been facing extreme water scarcity. (Photo by Saifurahman Safi/Xinhua)

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AFGHANISTAN-KABUL-CLIMATE CHANGE-CLEAN WATER

(240209) -- KABUL, Feb. 9, 2024 (Xinhua) -- Afghan children wait to get water in Kabul, the capital of Afghanistan, Feb. 8, 2024. Climate change and frequent years of drought have deprived 21 million Afghans, almost half of Afghanistan's population, of access to potable water, Deputy Head of National Environment Program Agency (NEPA) Abdul Salam Haqqani said. Afghanistan has been experiencing years of drought, which led to a recession of underground water including in the national capital Kabul, as major parts of some 6 million people of the city have been facing extreme water scarcity. (Photo by Saifurahman Safi/Xinhua)

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AFGHANISTAN-KABUL-CLIMATE CHANGE-CLEAN WATER

(240209) -- KABUL, Feb. 9, 2024 (Xinhua) -- Afghan children get water from a water tank in Kabul, the capital of Afghanistan, Feb. 8, 2024. Climate change and frequent years of drought have deprived 21 million Afghans, almost half of Afghanistan's population, of access to potable water, Deputy Head of National Environment Program Agency (NEPA) Abdul Salam Haqqani said. Afghanistan has been experiencing years of drought, which led to a recession of underground water including in the national capital Kabul, as major parts of some 6 million people of the city have been facing extreme water scarcity. (Photo by Saifurahman Safi/Xinhua)

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VR Market Recession

YANTAI, CHINA - JANUARY 31, 2024 - A child plays a VR game in Yantai, East China's Shandong province, Jan 31, 2024.

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VR Market Recession

YANTAI, CHINA - JANUARY 31, 2024 - A child plays a VR game in Yantai, East China's Shandong province, Jan 31, 2024.

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VR Market Recession

YANTAI, CHINA - JANUARY 31, 2024 - A child plays a VR game in Yantai, East China's Shandong province, Jan 31, 2024.

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GERMANY-BERLIN-ECONOMY-SHRINKING

(240115) -- BERLIN, Jan. 15, 2024 (Xinhua) -- Passengers are seen on a platform at a train station in Berlin, Germany, on Jan. 15, 2024. Germany slipped into recession in 2023, the country's Federal Statistical Office (Destatis) said on Monday. Based on initial calculations, Destatis said that Germany's gross domestic product (GDP) fell by 0.3 percent year-on-year, with global crises weighing on the economy. (Xinhua/Ren Pengfei)

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GERMANY-BERLIN-ECONOMY-SHRINKING

(240115) -- BERLIN, Jan. 15, 2024 (Xinhua) -- A deliveryman rides on a road in downtown Berlin, Germany, on Jan. 15, 2024. Germany slipped into recession in 2023, the country's Federal Statistical Office (Destatis) said on Monday. Based on initial calculations, Destatis said that Germany's gross domestic product (GDP) fell by 0.3 percent year-on-year, with global crises weighing on the economy. (Xinhua/Ren Pengfei)

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GERMANY-BERLIN-ECONOMY-SHRINKING

(240115) -- BERLIN, Jan. 15, 2024 (Xinhua) -- A train arrives at a train Station in Berlin, Germany, on Jan. 15, 2024. Germany slipped into recession in 2023, the country's Federal Statistical Office (Destatis) said on Monday. Based on initial calculations, Destatis said that Germany's gross domestic product (GDP) fell by 0.3 percent year-on-year, with global crises weighing on the economy. (Xinhua/Ren Pengfei)

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GERMANY-BERLIN-ECONOMY-SHRINKING

(240115) -- BERLIN, Jan. 15, 2024 (Xinhua) -- Vehicles run on a bridge in Berlin, Germany, on Jan. 15, 2024. Germany slipped into recession in 2023, the country's Federal Statistical Office (Destatis) said on Monday. Based on initial calculations, Destatis said that Germany's gross domestic product (GDP) fell by 0.3 percent year-on-year, with global crises weighing on the economy. (Xinhua/Ren Pengfei)

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Sweden enters recession with GDP shrinking 0.3 pct in Q3

STORY: Sweden enters recession with GDP shrinking 0.3 pct in Q3 SHOOTING TIME: Nov. 29, 2023 DATELINE: Nov. 30, 2023 LENGTH: 00:02:29 LOCATION: Stockholm CATEGORY: ECONOMY SHOTLIST: 1. various of Statistics Sweden 2. various of Nordea Bank 3. various of Handelsbanken 4. various of street view of Stockholm STORYLINE: The Swedish economy is in recession following a contraction in the third quarter (Q3), according to official statistics released on Wednesday. The gross domestic product (GDP) decreased by 0.3 percent in Q3 compared with the previous quarter and by 1.4 percent compared with Q3 in 2022, Statistics Sweden said. "GDP decreased for the second consecutive quarter," Jessica Engdahl, head of section at Statistics Sweden's National Accounts Department, said in a press release. The decrease in Q2 was 0.8 percent from Q1 and 1 percent year-on-year, according to revised figures released by Statistics Sweden in August. The Q3 downturn was mainly driven by changes in inventories, particularly decreased

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Dutch economy shrinks for 3rd consecutive quarter

STORY: Dutch economy shrinks for 3rd consecutive quarter SHOOTING TIME: Nov. 15, 2023 DATELINE: Nov. 16, 2023 LENGTH: 00:01:00 LOCATION: THE HAGUE, the Netherlands CATEGORY: ECONOMY SHOTLIST: 1. various of street views in the Netherlands STORYLINE: The Dutch economy contracted in the third quarter of 2023, which already was the third quarterly shrinkage of the year, Statistics Netherlands (CBS) said on Tuesday. According to CBS, the gross domestic product (GDP) fell by 0.2 percent in the Q3 of 2023 compared to the previous quarter. The contraction was smaller than in the first two quarters of this year, when the economy shrank by 0.5 and 0.4 percent respectively. The last time the Dutch economy shrank three quarters in a row was during the financial crisis in 2008 and 2009. "Many jobs often disappear during a recession," CBS chief economist Peter Hein van Mulligen explained in a presentation. "That is not the case now. Many jobs were created, 31,000 to be precise compared to the previous quarter. The la

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Peru cuts interest rate as recession persists

STORY: Peru cuts interest rate as recession persists SHOOTING TIME: File DATELINE: Nov. 11, 2023 LENGTH: 00:03:39 LOCATION: Lima CATEGORY: ECONOMY SHOTLIST: 1. various of Lima STORYLINE: In its November decision, the Board of Directors of the Central Reserve Bank of Peru (BCRP) decided to reduce the reference rate to 7.00 percent, a 25 basis point decrease. The monetary authority said that this decision does not necessarily imply a sequence of interest rate reductions. The bank's third consecutive cut came as the rate of rising consumer prices has been coming down. According to official data, Peru's annual inflation decelerated to 4.34 percent to reach its lowest level in over two years. The BCRP Board's next monetary policy session will take place on Dec. 14. Xinhua News Agency correspondents reporting from Lima. (XHTV)

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White House Press Briefing - Washington

Karine Jean-Pierre, White House press secretary, speaks during a news conference in the James S. Brady Press Briefing Room at the White House in Washington, DC, US, on Thursday, Oct. 26, 2023. The world’s largest economy has remained steadfast in the face of high prices and a rapid run-up in borrowing costs, repeatedly outshining forecasters' expectations and tempering recession fears. Photo by Anna Rose Layden/Pool/ABACAPRESS.COM

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White House Press Briefing - Washington

John Kirby, national security council coordinator, during a news conference in the James S. Brady Press Briefing Room at the White House in Washington, DC, US, on Thursday, Oct. 26, 2023. The world’s largest economy has remained steadfast in the face of high prices and a rapid run-up in borrowing costs, repeatedly outshining forecasters' expectations and tempering recession fears. Photo by Anna Rose Layden/Pool/ABACAPRESS.COM

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White House Press Briefing - Washington

John Kirby, national security council coordinator, during a news conference in the James S. Brady Press Briefing Room at the White House in Washington, DC, US, on Thursday, Oct. 26, 2023. The world’s largest economy has remained steadfast in the face of high prices and a rapid run-up in borrowing costs, repeatedly outshining forecasters' expectations and tempering recession fears. Photo by Anna Rose Layden/Pool/ABACAPRESS.COM

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White House Press Briefing - Washington

John Kirby, national security council coordinator, during a news conference in the James S. Brady Press Briefing Room at the White House in Washington, DC, US, on Thursday, Oct. 26, 2023. The world’s largest economy has remained steadfast in the face of high prices and a rapid run-up in borrowing costs, repeatedly outshining forecasters' expectations and tempering recession fears. Photo by Anna Rose Layden/Pool/ABACAPRESS.COM

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White House Press Briefing - Washington

Lael Brainard, director of the US National Economic Council, speaks during a news conference in the James S. Brady Press Briefing Room at the White House in Washington, DC, US, on Thursday, Oct. 26, 2023. The world’s largest economy has remained steadfast in the face of high prices and a rapid run-up in borrowing costs, repeatedly outshining forecasters' expectations and tempering recession fears. Photo by Anna Rose Layden/Pool/ABACAPRESS.COM

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White House Press Briefing - Washington

John Kirby, national security council coordinator, during a news conference in the James S. Brady Press Briefing Room at the White House in Washington, DC, US, on Thursday, Oct. 26, 2023. The world’s largest economy has remained steadfast in the face of high prices and a rapid run-up in borrowing costs, repeatedly outshining forecasters' expectations and tempering recession fears. Photo by Anna Rose Layden/Pool/ABACAPRESS.COM

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White House Press Briefing - Washington

John Kirby, national security council coordinator, during a news conference in the James S. Brady Press Briefing Room at the White House in Washington, DC, US, on Thursday, Oct. 26, 2023. The world’s largest economy has remained steadfast in the face of high prices and a rapid run-up in borrowing costs, repeatedly outshining forecasters' expectations and tempering recession fears. Photo by Anna Rose Layden/Pool/ABACAPRESS.COM

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White House Press Briefing - Washington

John Kirby, national security council coordinator, during a news conference in the James S. Brady Press Briefing Room at the White House in Washington, DC, US, on Thursday, Oct. 26, 2023. The world’s largest economy has remained steadfast in the face of high prices and a rapid run-up in borrowing costs, repeatedly outshining forecasters' expectations and tempering recession fears. Photo by Anna Rose Layden/Pool/ABACAPRESS.COM

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White House Press Briefing - Washington

Karine Jean-Pierre, White House press secretary, speaks during a news conference in the James S. Brady Press Briefing Room at the White House in Washington, DC, US, on Thursday, Oct. 26, 2023. The world’s largest economy has remained steadfast in the face of high prices and a rapid run-up in borrowing costs, repeatedly outshining forecasters' expectations and tempering recession fears. Photo by Anna Rose Layden/Pool/ABACAPRESS.COM

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White House Press Briefing - Washington

Lael Brainard, director of the US National Economic Council, speaks during a news conference in the James S. Brady Press Briefing Room at the White House in Washington, DC, US, on Thursday, Oct. 26, 2023. The world’s largest economy has remained steadfast in the face of high prices and a rapid run-up in borrowing costs, repeatedly outshining forecasters' expectations and tempering recession fears. Photo by Anna Rose Layden/Pool/ABACAPRESS.COM

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White House Press Briefing - Washington

John Kirby, national security council coordinator, and Lael Brainard, director of the US National Economic Council, enter as Karine Jean-Pierre, White House press secretary, begins a news conference in the James S. Brady Press Briefing Room at the White House in Washington, DC, US, on Thursday, Oct. 26, 2023. The world’s largest economy has remained steadfast in the face of high prices and a rapid run-up in borrowing costs, repeatedly outshining forecasters' expectations and tempering recession fears. Photo by Anna Rose Layden/Pool/ABACAPRESS.COM

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White House Press Briefing - Washington

Karine Jean-Pierre, White House press secretary, speaks during a news conference in the James S. Brady Press Briefing Room at the White House in Washington, DC, US, on Thursday, Oct. 26, 2023. The world’s largest economy has remained steadfast in the face of high prices and a rapid run-up in borrowing costs, repeatedly outshining forecasters' expectations and tempering recession fears. Photo by Anna Rose Layden/Pool/ABACAPRESS.COM

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White House Press Briefing - Washington

Karine Jean-Pierre, White House press secretary, enters the James S. Brady Press Briefing Room at the White House in Washington, DC, US, on Thursday, Oct. 26, 2023. The world’s largest economy has remained steadfast in the face of high prices and a rapid run-up in borrowing costs, repeatedly outshining forecasters' expectations and tempering recession fears. Photo by Anna Rose Layden/Pool/ABACAPRESS.COM

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New Thai PM proposes digital money handout, energy price cuts in policy statement

STORY: New Thai PM proposes digital money handout, energy price cuts in policy statement DATELINE: Sept. 12, 2023 LENGTH: 00:01:25 LOCATION: Bangkok CATEGORY: ECONOMY SHOTLIST: 1. various of Thailand's parliament STORYLINE: Thailand's new Prime Minister Srettha Thavisin delivered his government policy statement to parliament on Monday, highlighting immediate measures to drive economy with a digital money handout and energy price cuts. The country's key drivers of growth, including tourism and spending, are experiencing a sluggish recovery, leading to the risk of an economic recession, Srettha told a joint sitting of the National Assembly, adding that stimulus measures are necessary to reinvigorate the economy. "The 10,000-baht (around 280 U.S. dollars) digital money distribution to all areas down to the grassroots level will kick-start the economy, creating jobs and economic activities, while the government will earn revenue," he said. This policy will lay a digital economic foundation for the Southeast

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Press conference of Finance Ministry

24.08.2023, Tallinn. The ministry is forecasting a recession of 2 percent this year, but 2.7 percent economic growth next year. Inflation, meanwhile, is expected to slow to 9.6 percent this year, 4.6 percent next year and 2.5 percent in 2025. This forecast will be used by the Estonian government as the basis for drawing up the 2024 state budget bill. The prognosis was introduced by Minister of Finance Mart Võrklaev, Raoul Lättemäe, director of the ministry's Fiscal Policy Department and Kadri Klaos, director of the ministry's Public Finance Service. Photo: Sander Ilvest, Postimees

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Press conference of Finance Ministry

24.08.2023, Tallinn. The ministry is forecasting a recession of 2 percent this year, but 2.7 percent economic growth next year. Inflation, meanwhile, is expected to slow to 9.6 percent this year, 4.6 percent next year and 2.5 percent in 2025. This forecast will be used by the Estonian government as the basis for drawing up the 2024 state budget bill. The prognosis was introduced by Minister of Finance Mart Võrklaev, Raoul Lättemäe, director of the ministry's Fiscal Policy Department and Kadri Klaos, director of the ministry's Public Finance Service. Photo: Sander Ilvest, Postimees

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Press conference of Finance Ministry

24.08.2023, Tallinn. The ministry is forecasting a recession of 2 percent this year, but 2.7 percent economic growth next year. Inflation, meanwhile, is expected to slow to 9.6 percent this year, 4.6 percent next year and 2.5 percent in 2025. This forecast will be used by the Estonian government as the basis for drawing up the 2024 state budget bill. The prognosis was introduced by Minister of Finance Mart Võrklaev, Raoul Lättemäe, director of the ministry's Fiscal Policy Department and Kadri Klaos, director of the ministry's Public Finance Service. Photo: Sander Ilvest, Postimees

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Press conference of Finance Ministry

24.08.2023, Tallinn. The ministry is forecasting a recession of 2 percent this year, but 2.7 percent economic growth next year. Inflation, meanwhile, is expected to slow to 9.6 percent this year, 4.6 percent next year and 2.5 percent in 2025. This forecast will be used by the Estonian government as the basis for drawing up the 2024 state budget bill. The prognosis was introduced by Minister of Finance Mart Võrklaev, Raoul Lättemäe, director of the ministry's Fiscal Policy Department and Kadri Klaos, director of the ministry's Public Finance Service. Photo: Sander Ilvest, Postimees

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Majority of investors anticipate U.S. recession in 2024: Bloomberg

STORY: Majority of investors anticipate U.S. recession in 2024: Bloomberg DATELINE: Aug. 8, 2023 LENGTH: 00:00:31 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of U.S. streets view STORYLINE: According to the results of a survey released by Bloomberg on Sunday, a majority of investors anticipate that the U.S. economy will slip into a recession by the end of next year. The latest Markets Live Pulse survey was conducted from July 31 to Aug. 4 and involved 410 investors. Two-thirds of the investors anticipate a downturn in the world's biggest economy by the end of next year. A minority of 20 percent of pollees even see a slump this year. Xinhua News Agency correspondents reporting from Beijing. (XHTV)

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SWEDEN-STOCKHOLM-ECONOMY-RECESSION

(230622) -- STOCKHOLM, June 22, 2023 (Xinhua) -- People walk in a shopping mall in Stockholm, Sweden, June 22, 2023. The Swedish economy will not contract as much as forecast earlier this year, and unemployment will remain relatively stable, a government agency said on Wednesday. TO GO WITH "Downturn in Swedish economy milder than expected: NIER" (Xinhua/He Miao)

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SWEDEN-STOCKHOLM-ECONOMY-RECESSION

(230622) -- STOCKHOLM, June 22, 2023 (Xinhua) -- A man walks past a shop in Stockholm, Sweden, June 22, 2023. The Swedish economy will not contract as much as forecast earlier this year, and unemployment will remain relatively stable, a government agency said on Wednesday. TO GO WITH "Downturn in Swedish economy milder than expected: NIER" (Xinhua/He Miao)

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SWEDEN-STOCKHOLM-ECONOMY-RECESSION

(230622) -- STOCKHOLM, June 22, 2023 (Xinhua) -- People walk in a commercial street in Stockholm, Sweden, June 22, 2023. The Swedish economy will not contract as much as forecast earlier this year, and unemployment will remain relatively stable, a government agency said on Wednesday. TO GO WITH "Downturn in Swedish economy milder than expected: NIER" (Xinhua/He Miao)

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Technical recession in Eurozone "not something to worry about": Spanish economist

STORY: Technical recession in Eurozone "not something to worry about": Spanish economist DATELINE: June 17, 2023 LENGTH: 00:01:47 LOCATION: Madrid CATEGORY: TECHNOLOGY SHOTLIST: 1. various of Sergi Basco, an associate professor of economics at Barcelona University 2. SOUNDBITE (Spanish): SERGI BASCO, Associate professor of economics at Barcelona University STORYLINE: The report by Eurostat last week that the Eurozone entered a technical recession at the start of 2023 after the economy shrank by 0.1 percent for a second consecutive quarter is "not something we have to worry about," Sergi Basco, an associate professor of economics at Barcelona University, told Xinhua in an interview on Friday. SOUNDBITE (Spanish): SERGI BASCO, Associate professor of economics at Barcelona University "The fall in GDP is what the European Central Bank (ECB) wants and it's not something we have to worry about. This is what always happens: when interest rates are high, the economy slows, and that's where we are right now. There

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New Zealand GDP falls 0.1 pct in Q1 as recession starts

STORY: New Zealand GDP falls 0.1 pct in Q1 as recession starts DATELINE: June 16, 2023 LENGTH: 00:01:37 LOCATION: AUCKLAND, New Zealand CATEGORY: ECONOMY SHOTLIST: 1. various of Auckland and harbor 2. various of Auckland's largest container terminal 3. various of Auckland's commercial streets at night STORYLINE: The New Zealand economy has signaled a recession as the gross domestic product (GDP) fell for the second quarter, according to quarterly figures released by the statistics department Stats NZ on Thursday. The GDP fell 0.1 percent in the March 2023 quarter, following a 0.7 percent fall in the December 2022 quarter, Stats NZ said. The second consecutive quarter of negative economic growth signals the start of an economic recession. "Today's outcome fits the definition of a technical recession by the barest of margins," Finance Minister Grant Robertson said, adding the economy was affected by the second-largest natural disaster to hit New Zealand in the first quarter. This result reflects the impa

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NEW ZEALAND-ECONOMY-RECESSION

(230615) -- AUCKLAND, June 15, 2023 (Xinhua) -- A man walks on a pedestrian overpass in Auckland, New Zealand, June 15, 2023. TO GO WITH "New Zealand GDP falls 0.1 pct in Q1 as recession starts" (Photo by Zhao Gang/Xinhua)