Recessions and depressions

In this April 1, 2020, photo the interior of the TCF Center with temporary hospital rooms is seen inside the convention center in Detroit. In the decade before Michigan and its largest city became the latest hotspot for the deadly coronavirus, officials were steadily cutting back on their first line of defense against pandemics and other health emergencies. Approaching bankruptcy, Detroit disbanded most of its public health department and handed its responsibilities to a private nonprofit. (AP Photo/Carlos Osorio)
April 05, 2020 - 8:19 am
In the decade before Michigan and its largest city became the latest hot spot for the deadly coronavirus, officials were steadily, and at times dramatically, cutting back on their first line of defense against pandemics and other public health emergencies. Approaching bankruptcy, Detroit disbanded...
Read More
Home Depot customers carry their purchases as they leave the store, Friday, April 3, 2020 during the coronavirus pandemic in New York. (AP Photo/Mark Lennihan)
AP News
April 03, 2020 - 7:15 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Friday related to the global economy, the work place and the spread of the virus. ____________ COSTS MOUNT: The pandemic will cost the global economy as much as $4.1...
Read More
April 03, 2020 - 4:20 pm
WASHINGTON (AP) — U.S. long-term mortgage rates fell this week for the second straight week as anxiety has spiraled over devastation to the economy from the coronavirus pandemic. Home-loan rates have been hitting all-time lows. Mortgage buyer Freddie Mac reported Thursday that the average rate on...
Read More
A man walks by Bernini's colonnade in St. Peter's Square during Pope Francis' weekly general audience, streamed by the Vatican television due to restrictions to contain the Covid-19 virus, at the Vatican, Wednesday, April 1, 2020. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. (AP Photo/Andrew Medichini)
April 03, 2020 - 3:12 pm
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: —Trudeau warns U.S. not to block 3M from sending...
Read More
Pat Marmo, owner of Daniel J. Schaefer Funeral Home, walks through a viewing room set up to respect social distancing, Thursday, April 2, 2020, in the Brooklyn borough of New York. He and other funeral directors are seeing a surge of clients because of the coronavirus pandemic. (AP Photo/John Minchillo)
April 02, 2020 - 11:04 pm
NEW YORK (AP) — The coronavirus outbreak has thrown 10 million Americans out of work in just two weeks in the swiftest, most stunning collapse the U.S. job market has ever witnessed, and the public health crisis deepened in New York City, where a funeral home in a hard-hit neighborhood had 185...
Read More
April 02, 2020 - 5:41 pm
MEXICO CITY (AP) — Mexico's Treasury predicted Thursday that the country's economy will contract by as much as 3.9% in 2020 the face of the spreading COVID-19 pandemic, but private analysts are making even more dire predictions: the country's worst economic downturn since the Great Depression. That...
Read More
FILE - In this March 13, 2020 file photo, unionized hospitality workers wait in line in a basement garage to apply for unemployment benefits at the Hospitality Training Academy in Los Angeles. More than 6.6 million Americans applied for unemployment benefits last week, far exceeding a record high set just last week, a sign that layoffs are accelerating in the midst of the coronavirus. (AP Photo/Marcio Jose Sanchez, File)
April 02, 2020 - 11:57 am
WASHINGTON (AP) — More than 6.6 million Americans applied for unemployment benefits last week — doubling a record high set just one week earlier — a sign that layoffs are accelerating in the midst of the coronavirus outbreak. Combined with last week's report that 3.3 million people sought...
Read More
European Commission President Ursula von der Leyen speaks during a media conference, detailing EU efforts to limit the economic impact of the Covid-19 outbreak, at EU headquarters in Brussels, Thursday, April 2, 2020. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. (Francois Lenoir, Pool Photo via AP)
April 02, 2020 - 11:51 am
BRUSSELS (AP) — As the new coronavirus spreads across Europe, ravaging economies and killing thousands, governments and the European Union are focusing much of their economic rescue efforts on containing a boom in joblessness, particularly by helping companies not fire workers. Unions estimate,...
Read More
President Donald Trump hands a pen to Senate Majority Leader Mitch McConnell of Ky., after signing the coronavirus stimulus relief package in the Oval Office at the White House, Friday, March 27, 2020, in Washington. From left, White House chief economic adviser Larry Kudlow, Treasury Secretary Steven Mnuchin, McConnell, Trump, House Minority Leader Kevin McCarty, R-Calif., and Vice President Mike Pence. (AP Photo/Evan Vucci)
April 02, 2020 - 6:23 am
WASHINGTON (AP) — President Donald Trump aims to shovel $2.2 trillion into the U.S. economy over the next few weeks to try to cushion its free fall. But that means putting his fate in the hands of banks, profit-minded businesses and government bureaucrats he has frequently derided, along with a man...
Read More
A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Wednesday, April 1, 2020. Asian shares were mixed Wednesday, on continuing worries about the economic fallout from the pandemic as reports of coronavirus cases keep surging in various regions. (AP Photo/Vincent Yu)
March 31, 2020 - 10:57 pm
TOKYO (AP) — Asian shares were mixed on Wednesday, on continuing worries about the economic fallout from the pandemic as reports of coronavirus cases keep surging in various regions. Japan's benchmark Nikkei 225 dropped 1.7% in morning trading to 18,588.90. Adding to the damage was the Bank of...
Read More

Pages