recession

The Bank of England is expected to keep interest rates steady at 5 percent despite a looming recession when it announces its monthly decision later Thursday.

The Bank of England has kept official interest rates unchanged at 5 percent at its monthly rate-setting meeting despite a looming domestic recession.

Canada's economy limped ahead in the second quarter barely enough to avoid the first recession in 17 years, recording the thinnest of gains after a much worse winter quarter than previously believed.

American workers' confidence in the job market is as low as it was during the 2001 recession, according to a survey released Thursday.

American workers’ confidence in the job market is as low as it was during the 2001 recession, according to a survey released Thursday.

The odds of a mild recession in Germany rose significantly Tuesday, as data showed the outlook for business had plunged to its lowest level since a downturn in 1993.

Billionaire investor Warren Buffett said Friday the economy continues to be in a recession, by his definition, and will continue to be for at least several more months.

Billionaire investor Warren Buffett said Friday the economy continues to be in a recession, by his definition, and will continue to be for at least several more months.

British economic growth ground to a halt between April and June, ending more than 15 years of continuous expansion, the government said Friday, as many fear the country is headed for recession.

A recession is likely to descend on Britain within the next six to nine months, the British Chambers of Commerce warned on Monday.