Jump to content

Timeline of the Great Recession

From Wikipedia, the free encyclopedia

Further information: Subprime crisis impact timeline
Part of a series on the
Great Recession
Major aspects
Causes
Summit meetings
Government response and policy proposals
Business failures
Regions
Timeline

This article gives the timeline of the Great Recession, which hit many developed economies in the wake of the 2007–2008 financial crisis.

Note: The date indicated is that of the official announcement by the department or the public agency in charge of the measurement of the economic activity of the country. Thus, because of possible lags in the collection of statistics, it is possible that the chronological order of reports may not correspond to the actual order of events in recession.

Definition of recession

[edit]

A recession is a period of two quarters of negative GDP growth. The countries listed are those that officially announced that they were in recession.

It is worth noting that some developed countries such as South Korea and Australia did not enter recession (indeed Australia contracted for the last quarter of 2008 only to grow 1% for the first half of 2009). Poland, then considered to be an emerging market country, also avoided the recession as a result of their strong domestic market, low private debt and flexible currency.[1]

Timeline overview

[edit]

The table below displays all national recessions appearing in 2006–2013 (for the 71 countries with available data), according to the common recession definition, saying that a recession occurred whenever seasonally adjusted real GDP contracts quarter on quarter, through minimum two consecutive quarters. Only 11 out of the 71 listed countries with quarterly GDP data (Poland, Slovakia, Moldova, India, China, South Korea, Indonesia, Australia, Uruguay, Colombia and Bolivia) escaped a recession in this time period.

The few recessions appearing early in 2006–07 are commonly never associated to be part of the Great Recession, which is illustrated by the fact that only two countries (Iceland and Jamaica) were in recession in Q4 2007.

One year before the maximum, in Q1 2008, only six countries were in recession (Iceland, Sweden, Finland, Ireland, Portugal and New Zealand). The number of countries in recession was 25 in Q2 2008, 39 in Q3 2008 and 53 in Q4 2008. At the steepest part of the Great Recession in Q1 2009, a total of 59 out of 71 countries were simultaneously in recession. The number of countries in recession was 37 in Q2 2009, 13 in Q3 2009 and 11 in Q4 2009. One year after the maximum, in Q1 2010, only seven countries were in recession (Greece, Croatia, Romania, Iceland, Jamaica, Venezuela and Belize).

The recession data for the overall G20 zone (representing 85% of all GWP), depict that the Great Recession existed as a global recession throughout Q3 2008 until Q1 2009.

Subsequent follow-up recessions in 2010–2013 were confined to Belize, El Salvador, Paraguay, Jamaica, Japan, Taiwan, New Zealand and 24 out of 50 European countries (including Greece). As of October 2014, only five out of the 71 countries with available quarterly data (Cyprus, Italy, Croatia, Belize and El Salvador), were still in ongoing recessions.[2][3] The many follow-up recessions hitting the European countries, are commonly referred to as being direct repercussions of the European debt crisis.

Country[a] Recession period(s) during 2006–2017[2][3]
(measured by quarter-on-quarter changes of seasonally adjusted real GDP,
as per the latest revised Q3 2013 data from 10 January 2014)[b]
Albania 2007 Q1Q1 2007 until Q2 2007 (6 months)[4]
Q3 2009 until Q4 2009 (6 months)[4]
Q4 2011 until Q1 2012 (6 months)[4]
Argentina 2008 Q4Q4 2008 until Q2 2009 (9 months)
Q1 2012 until Q2 2012 (6 months)
Q3 2013 until Q3 2014 (12 months)
Q3 2015 until Q3 2016 (15 months)
Australia None
Austria 2008 Q2Q2 2008 until Q2 2009 (15 months)
Q3 2011 until Q4 2011 (6 months)
Belgium 2008 Q3Q3 2008 until Q1 2009 (9 months)
Q2 2012 until Q1 2013 (12 months)
Belize 2006 Q1Q1 2006 until Q2 2006 (6 months)[5]
Q1 2007 until Q3 2007 (9 months)[5]
Q4 2008 until Q1 2009 (6 months)[5]
Q4 2009 until Q1 2010 (6 months)[5]
Q1 2011 until Q2 2011 (6 months)[5]
Q2 2013 until Q1 2017 (48 months)[5]
Bolivia None[6][c]
Brazil 2008 Q4Q4 2008 until Q1 2009 (6 months)
Q1 2014 until Q4 2016 (36 months)
Bulgaria 2009 Q1Q1 2009 until Q2 2009 (6 months)
Canada 2008 Q4Q4 2008 until Q2 2009 (9 months)
Chile 2008 Q2Q2 2008 until Q1 2009 (12 months)
China None
Colombia None[7][8]
Costa Rica 2008 Q2Q2 2008 until Q1 2009 (12 months)[9]
Croatia 2008 Q3Q3 2008 until Q2 2010 (24 months)
Q3 2011 until Q4 2012 (18 months)
Q2 2013 until Q2 2014 (15 months)
Cyprus 2009 Q1Q1 2009 until Q4 2009 (12 months)
Q3 2011 until Q4 2014 (42 months)
Czech Republic 2008 Q4Q4 2008 until Q2 2009 (9 months)
Q4 2011 until Q1 2013 (18 months)
Denmark 2008 Q3Q3 2008 until Q2 2009 (12 months)
Q3 2011 until Q4 2011 (6 months)
Q4 2012 until Q1 2013 (6 months)
Ecuador 2006 Q4Q4 2006 until Q1 2007 (6 months)[10]
Q1 2009 until Q3 2009 (9 months)[11][12]
El Salvador 2008 Q3Q3 2008 until Q2 2009 (12 months)[13][d]
Estonia 2008 Q3Q3 2008 until Q3 2009 (15 months)
Q1 2013 until Q2 2013 (6 months)
EU (28 member states) 2008 Q2Q2 2008 until Q2 2009 (15 months)
Q4 2011 until Q2 2012 (9 months)
Q4 2012 until Q1 2013 (6 months)
Eurozone (17 member states) 2008 Q2Q2 2008 until Q2 2009 (15 months)
Q4 2011 until Q1 2013 (18 months)
Finland 2008 Q1Q1 2008 until Q2 2009 (18 months)
Q2 2012 until Q1 2015 (36 months)
France 2008 Q2Q2 2008 until Q2 2009 (15 months)
Q4 2012 until Q1 2013 (6 months)
G20 (43 member states, PPP-weighted GDP)[e] 2008 Q3Q3 2008 until Q1 2009 (9 months)
Germany 2008 Q2Q2 2008 until Q1 2009 (12 months)
Greece 2008 Q3Q3 2008 until Q2 2014 (63 months)
Q1 2015 until Q1 2017 (27 months)
Hong Kong 2008 Q2Q2 2008 until Q1 2009 (12 months)[16]
Hungary 2007 Q1Q1 2007 until Q2 2007 (6 months)
Q2 2008 until Q3 2009 (18 months)
Q2 2011 until Q3 2011 (6 months)
Q1 2012 until Q4 2012 (12 months)
Iceland 2007 Q4Q4 2007 until Q2 2008 (9 months)
Q4 2008 until Q1 2009 (6 months)
Q3 2009 until Q2 2010 (12 months)
India None
Indonesia None
Ireland 2007 Q2Q2 2007 until Q3 2007 (6 months)
Q1 2008 until Q4 2009 (24 months)
Q3 2011 until Q2 2013 (24 months)
Israel 2008 Q4Q4 2008 until Q1 2009 (6 months)
Italy 2007 Q3Q3 2007 until Q4 2007 (6 months)
Q2 2008 until Q2 2009 (15 months)
Q3 2011 until Q3 2013 (27 months)
Q1 2014 until Q4 2014 (12 months)
Jamaica 2007 Q3Q3 2007 until Q4 2007 (6 months)[17]
Q3 2008 until Q1 2009 (9 months)[17]
Q4 2009 until Q2 2010 (9 months)[17]
Q4 2011 until Q1 2012 (6 months)[17]
Q4 2012 until Q1 2013 (6 months)[17]
Japan 2008 Q2Q2 2008 until Q1 2009 (12 months)
Q4 2010 until Q2 2011 (9 months)
Q2 2012 until Q3 2012 (6 months)
Kazakhstan 2008 Q3Q3 2008 until Q1 2009 (9 months)[18][f]
Latvia 2008 Q2Q1 2008 until Q3 2009 (18 months)
Q1 2010 until Q2 2010 (12 months)
Lithuania 2008 Q3Q3 2008 until Q2 2009 (12 months)
Luxembourg 2008 Q2Q2 2008 until Q1 2009 (12 months)
Republic of Macedonia 2009 Q1Q1 2009 until Q3 2009 (9 months)[19]
Q1 2012 until Q2 2012 (6 months)[19]
(not qoq-data, but quarters compared with same quarter of last year)[b]
Q1 2012 until Q2 2012 (6 months)
Malaysia 2008 Q3Q3 2008 until Q1 2009 (9 months)[20][21]
Malta 2008 Q4Q4 2008 until Q1 2009 (6 months)
Mexico 2008 Q3Q3 2008 until Q2 2009 (12 months)
Moldova None[22][g]
Netherlands 2008 Q2Q2 2008 until Q2 2009 (15 months)
Q2 2011 until Q1 2012 (12 months)
Q3 2012 until Q2 2013 (12 months)
New Zealand 2008 Q1Q1 2008 until Q2 2009 (18 months)
Q3 2010 until Q4 2010 (6 months)
Norway 2009 Q1Q1 2009 until Q2 2009 (6 months)
Q2 2010 until Q3 2010 (6 months)
Q1 2011 until Q2 2011 (6 months)
OECD (34 member states, PPP-weighted GDP) 2008 Q2Q2 2008 until Q1 2009 (12 months)
Paraguay 2008 Q3Q3 2008 until Q1 2009 (9 months)[23]
Q2 2011 until Q3 2011 (6 months)[23]
Peru 2008 Q4Q4 2008 until Q2 2009 (9 months)[24]
Philippines 2008 Q4Q4 2008 until Q1 2009 (6 months)[25][26]
Poland None
Portugal 2007 Q2Q2 2007 until Q3 2007 (6 months)
Q1 2008 until Q1 2009 (15 months)
Q4 2010 until Q1 2013 (30 months)
Romania 2008 Q4Q4 2008 until Q2 2009 (9 months)
Q4 2009 until Q1 2010 (6 months)
Q4 2011 until Q1 2012 (6 months)
Russia 2008 Q3Q3 2008 until Q2 2009 (12 months)
Q4 2014 until Q4 2016 (27 months)
Serbia 2008 Q2Q2 2008 until Q2 2009 (15 months)[27]
Q2 2011 until Q1 2012 (12 months)[27]
Q3 2012 until Q4 2012 (6 months)[27]
Singapore 2008 Q2Q2 2008 until Q1 2009 (12 months)[28][29][30][31][32]
Slovakia None
Slovenia 2008 Q3Q3 2008 until Q2 2009 (12 months)
Q3 2011 until Q4 2013 (24 months)[33][34]
South Africa 2008 Q4Q4 2008 until Q2 2009 (9 months)
South Korea None
Spain 2008 Q2Q2 2008 until Q4 2009 (21 months)
Q2 2011 until Q2 2013 (27 months)
Sweden 2008 Q1Q1 2008 until Q1 2009 (15 months)
Switzerland 2008 Q4Q4 2008 until Q2 2009 (9 months)
Taiwan 2008 Q2Q2 2008 until Q1 2009 (12 months)[35]
Q3 2011 until Q4 2011 (6 months)[35]
Thailand 2008 Q4Q4 2008 until Q1 2009 (6 months)[36]
Turkey 2008 Q2Q2 2008 until Q1 2009 (12 months)
Ukraine 2008 Q2Q2 2008 until Q1 2009 (12 months)[37]
Q3 2012 until Q4 2012 (6 months)[37][38][39]
United Kingdom 2008 Q2Q2 2008 until Q2 2009 (15 months)[40]
United States 2008 Q3Q3 2008 until Q2 2009 (12 months)
Uruguay None[41]
Venezuela 2009 Q1Q1 2009 until Q1 2010 (15 months)[42]

2008

[edit]

July

[edit]

Denmark becomes the first European economy to confirm it is in recession since the global credit crunch began. Its GDP shrinks 0.6% in the first quarter after a 0.2% contraction in the fourth quarter of 2007.[43]

August

[edit]

The Baltic state slides into recession with a 0.9% fall in second-quarter GDP after a drop of 0.5% in the first quarter. It falls deeper into recession in the third quarter when the economy contracted 3.3%.[44]

September

[edit]

Latvia joins its northern neighbor Estonia in recession as GDP falls 0.2% in the second quarter from the first quarter, when it fell 0.3%. Property markets and construction have suffered in both Baltic states.[45]

The "Celtic Tiger" slides into recession for the first time in over two decades, recording a 0.5% fall in second quarter GDP, following a 0.3% decline in the first quarter. Its last recession in 1983 saw thousands of people leave Ireland to seek work overseas.[46]

October

[edit]

First Asian country to slip into a recession since the credit crisis began. Singapore's export-dependent economy shrank an annualized 6.3% in the third quarter after a revised 5.7% contraction in the second quarter; its first recession since 2002.[47] Growth has faltered in Singapore as a result of less demand for exports, a reduction in tourism, and the end of the real-estate boom.[48] Singapore's manufacturing sector had declined 4.9% in the previous quarter.[48]

Iceland receives a £1.3 billion (US$2.06 billion, €1.63 billion) bailout package from the International Monetary Fund as the first European country to require an emergency loan with the aim of stabilising the collapsed currency and strengthening the tax system as well as the nationalised banks.[49]

The banking group BNP Paribas states that Australia is in a risky position with regards to the global financial crisis as foreign liabilities accounted for 60% of the nation's GDP.[50]

500,000 mortgage holders are left in negative equity after house prices dropped 15% since the previous summer, with another 700,000 mortgage holders facing the same risk if prices continue to fall.[51]

November

[edit]

Europe's largest economy contracted by 0.5% in the third quarter after GDP fell 0.4% in the second quarter, putting it in recession for the first time in five years.[52]

Equity research by Deutsche Bank states that Indonesia, Malaysia, Thailand and the Philippines should not experience a recession, despite potential harm to economic growth from falling commodity prices and possible weaker exports.[53]

Italy plunges into recession, its first since the start of 2005, after GDP contracts a steeper-than-expected 0.5% in the third quarter. Second quarter GDP dropped 0.3%.[54]

Hong Kong becomes the second Asian economy to tip into recession, its exports hit by weakening global demand. Third-quarter GDP drops a seasonally adjusted 0.5% after a 1.4% fall in the previous quarter.[55]

Taken as a whole the Eurozone officially slips under, pushed down by recessions in Germany and Italy for its first recession since its creation in 1999.[56][57] These 15 countries are: Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, Netherlands, Portugal, Slovenia, Spain. On January 1, 2009, Slovakia adopted the euro, and so is now part of the Eurozone. Though the Eurozone suffers from recession as a whole, Belgium, France, Greece, and Slovakia still have better growth.

The world's second-biggest economy slides into recession, its first in seven years. Its GDP contracts 0.1% in the July–September quarter, as the financial crisis curbs demand for its exports. It shrank 0.9% in the previous quarter.[58]

Economists at the University of Hawaii reported that the state entered the recession in the previous quarter based on the drop in tourist figures and growing unemployment, with 8,800 jobs expected to be cut in 2009.[59]

In 2008, Canada had positive GDP growth in Q2 and Q3 but GDP fell by a sharp 3.4% annualized in Q4. Growth is widely expected to remain in recession territory going into 2009. Canada is the only OECD country out of the recession at this time.[60]

Sweden technically enters the recession after experiencing contraction of 0.1% in the second and third quarter.[61]

December

[edit]

The US economy has been in recession since December 2007, the National Bureau of Economic Research announced in December 2008. The bureau is a private research institute widely regarded as the official arbiter of US economic cycles. It said a 73-month economic expansion had come to an end.[62] The Bureau stated that the deteriorating labour market throughout 2008 provided reason to state the commencement of the recession as December 2007.[63]

Andrei Klepach, a deputy economics minister of Russia, states that Russia has entered the recession, with two quarters of contraction expected, meaning Russia will fall short of reaching the 6.8% growth forecast for 2008.[64]

2009

[edit]

January

[edit]

Global shipping experiences a drop in trade, as exports from South Korea dropping an annualised 30%, with Taiwan and Japan experiencing a 42% and 27% drop respectively. Outgoing traffic in the United States dropped 18% from Long Beach and Los Angeles.[65]

  • January 23, 2009: United Kingdom United Kingdom

The UK officially enters the recession as GDP fell by 1.5% in the last quarter of 2008 following a 0.6% drop in the third quarter,[66] with unemployment growing by 131,000 to 1.92 million (6.1%) in the three months leading to November 2008.[67] The British economy only grew 0.7% in 2008, the weakest growth since 1992.[68]

February

[edit]

The Dutch Statistics agency confirms the Netherlands are in recession since April 2008; with updated figures showing minor economic reductions in the 2nd and 3rd quarters of 2008, and a 0.9% reduction in the 4th quarter [69]

  • February 18, 2009: Taiwan Taiwan

The Directorate General of Budget, Accounting and Statistics announced that its economy had contracted an unprecedented 8.36% in the fourth quarter of 2008; and also recorded 2 consecutive quarters of economic contraction, thus placing the country in a technical recession.[70]

Statistics Finland informs that Finland's gross domestic product diminished by 1.3% in the last quarter of 2008 from the previous quarter. The growth slowed down already in early 2008 and in the third quarter output diminished by 0.3% from the previous quarter.[71]

March

[edit]
  • March 4, 2009: Canada Canada

U.S. Steel announced the closure of the Stelco Lake Erie Works in Nanticoke, Ontario due to the increasingly worse effects of the global economic slowdown.[72] While it may have decreased the local pollution levels, it also has affected 12,000 jobs both at the Lake Erie Works and in the Haldimand-Norfolk area.

  • March 4, 2009: Malaysia Malaysia

Malaysia has a 50% chance of slipping into the recession as growth is expected to reach just 0.5% for the year, said the executive director Datuk Mohamed Ariff Abdul Kareem of the Malaysian Institute of Economic Research.[73]

May

[edit]

The French Institute of Statistics and Economic Studies announced that French gross domestic product shrank 1.2% in the first quarter of 2009 after falling by 1.5% in the final quarter of 2008.[74] The French economy had avoided narrowly a recession in 2008. The GDP is expected to keep shrinking in 2009. Eurostat also reported at this time that Austria, Belgium, and Romania had all entered recession in the first quarter of 2009, with two consecutive quarters of shrinking GDP, while Lithuania, Luxembourg, and Portugal had already done so in the last quarter of 2008 and Hungary in the quarter before that.[75]

Norway's mainland GDP, which excludes the oil and gas sectors and the shipping industry, shrank 1.0% in the three months to March after a 0.8% decline in the final quarter of 2008, with recession counted as two consecutive quarterly figures showing a contraction. Mainland GDP is considered a better indicator of the Scandinavian country's economic health, since the oil and gas sector represents 25% of its economic growth but employs only about one% of its working-age population. Still, Norway's total GDP, which includes the oil, gas and shipping sectors, shrank 0.4% in the first quarter of 2009 after 0.8% growth in the fourth quarter of 2008.[76]

Mexico becomes the first Latin American country to officially enter recession, having its GDP shrink 8.22% in the first quarter of 2009, after falling 1.6% in the final quarter of 2008. To this date, it is estimated that the Mexican domestic product will shrink 5.5% in 2009.[77] Ministry of Finances Agustin Carstens declared the country in recession on May 7, 2009, based on estimates, which were confirmed when the actual, real data was released on May 20 by INEGI.

  • May 25, 2009: Thailand Thailand

Thailand's economy shrank more than expected in the first quarter, contracting the most in a decade, plunging the nation into recession. GDP shrank 7.1% in the last quarter of 2008, followed by another shrinking of 4.2% in the first quarter of 2009. According to the Singapore branch of Macquarie Group, the Thai economy is expected to recover in the fourth quarter of 2009.[78]

South Africa entered recession as the global crisis pounded demand for its main exports; GDP shrank 6.4% in the first quarter of 2009 after falling 1.8% in the last quarter of 2008. This is the first recession for South Africa in 17 years. According to forecasts, the South African domestic product is likely to shrink between 1% and 1.5% in 2009.[79]

June

[edit]

Switzerland officially entered a recession in the first quarter of 2009 when its economy shrank by 0.8%, after contracting 0.3% in the last quarter of 2008. The contraction was caused mainly by weakness in exports, which fell 5.4% in the quarter. Meanwhile, the Swiss watch industry had been reporting double-digit declines in watch exports for the past four months.[80]

First South American country to enter the recession.[81]

Brazil slipped into a recession in the first quarter of 2009. [82]

Bulgarian authorities declare the country is officially in recession after dropping 1.6% in the last quarter of 2008, followed by a 5% drop in the first quarter of 2009.[83] Unemployment is rising rapidly and by September 500,000 people are expected to lose their jobs. Exports are down 50%. For the first three months of 2009 GDP has shrunk by 2%. Households and small businesses are heavily in debt.

Colombia enters into recession after witnessing 0.7% contraction in the last quarter of 2008 and 0.6% in the following quarter.[84]

Turkey recorded its fastest contraction of 13.8% in the first quarter of 2009 compared to 2008, leading the country into recession after a contraction of 6.2% in the last quarter of 2008.[85] This is Turkey's biggest economic slump since 1945.[86]

July

[edit]
  • July 14, 2009: Singapore Singapore

Singapore experienced a seasonally adjusted and annualised growth of 20.4% in the second quarter as a result of increased pharmaceuticals production and construction, bringing the country out of the recession.[87]

  • July 23, 2009: Canada Canada

On 23 July, the Bank of Canada made comments that most media interpreted as an effective statement predicting with strong certainty that the recession is over with expected growth in GDP beginning the current quarter.[88] The Bank of Canada announced the end of the recession even though it was nascent and still dependent on government stimulus money.[88]

August

[edit]
  • August 13, 2009: France France, Germany Germany

The French and German GDP both grew 0.3% in the second quarter of 2009; analysts had not anticipated such a quick recovery.[89]

  • August 14, 2009: Hong Kong Hong Kong

After shrinking 4.3% during January–March, Hong Kong's GDP grew 3.3% between April and June, improving its GDP forecasts, which went from negative growth between 5.5 and 6.5% to negative growth between 4.5 and 5.5%. Still, comparing the second quarter of 2009 to the second quarter of 2008, Hong Kong's GDP shrank 3.8% in the former.[90]

  • August 15, 2009: Portugal Portugal

Portugal leaves recession after three consecutive quarters of negative growth having its GDP recover by 0.3% in the second quarter of 2009. According to the latest estimates by the Bank of Portugal, Portuguese GDP should fall around 3.5% in 2009, which is the worst figure for the country since 1975.[91]

Even though official government sources state that Argentina's GDP will actually grow this year (and have only recognized a GDP shrinking in June of 0.4% and in July, of 0.3%; both compared to last year's same months), private consulting firms state that Argentine economy has actually been in recession since October 2008. According to them, Argentine GDP shrank 2.9% in the last quarter of 2008, 1.6% in the first quarter of 2009, and 0.6% in the second one.[92] It's widely known in Argentina that the official statistics office in charge of producing this information, INDEC, is not very reliable for trustworthy statistical information, due to the government's mismanagement of the office.

  • August 17, 2009: Japan Japan

The Japanese Government informed that after fifteen continuous months of shrinking, and after the most disastrous fall since World War II of 4% between January and March, its GDP grew 3.7% in the second quarter of 2009 in comparison with the same quarter of 2008. In annual terms, Japanese GDP grew 0.9% between April and June.[93] Recovery was mostly contributed to recovering demand in the manufacturing sector with exports growing 6.3%. Consumer spending had only increased by 0.8% in the same period.[94]

  • August 24, 2009: Thailand Thailand

Thai GDP grew 2.3% in 2009's second quarter, technically leaving the recession.[95]

September

[edit]

Cyprus enters recession after 0.6% contraction in the first quarter, followed by 0.4% in the second quarter.[96]

  • September 11, 2009: Brazil Brazil

The Brazilian economy technically left the recession when GDP grew 1.9% in the second quarter of 2009 after having fallen in the first quarter of 2009 and last quarter of 2008. Growth surpassed what was expected by analysts, which was 1.6%.[97]

  • September 11, 2009: Sweden Sweden

Sweden emerges from the recession after witnessing GDP growth of 0.2% in the second quarter.[98]

The Republic of Macedonia officially enters the recession after experiencing a drop in GDP of 0.9% in the first quarter, followed by 1.4% in the second quarter.[99]

October

[edit]
  • October 2, 2009: Republic of Ireland Ireland

The economic crisis in Ireland is considered to be the driving force behind the largest migration of Irish people to London in 20 years.[100]

  • October 23, 2009: United Kingdom United Kingdom

The UK markets had contracted by 0.4% in the third quarter against what was expected to be a period of growth, as a result of unexpectedly poor performance by the service sector.[101]

November

[edit]
  • November 13, 2009: Netherlands Netherlands

The Netherlands officially exits the recession after experiencing 0.4% growth in the third quarter, but recovery for the Netherlands still remains fragile as the country is highly dependent on exports to maintain the recovery.[102]

  • November 13, 2009: Germany Germany, European Union Eurozone

Germany's growth of 0.7% in the third quarter helped lead the Eurozone out of the recession after providing overall growth of 0.4% in the same period, with the whole European Union growing 0.2%.[103]

The National Statistical Service of Greece states that the country had been in recession since the beginning of the year.[104]

  • November 20, 2009: Mexico Mexico

The Mexican government declared that its economy technically had left the recession when the Mexican GDP grew by 2.93% in the third quarter of 2009. Mexico had been in a severe economic crisis for over a year prior to its economic rebound. The Mexican government also approved a $244 billion budget for 2010, a slight increase from 2009.[105]

Venezuelan President Hugo Chavez states that the country has entered the recession as the economy contracted 4.5% in the third quarter.[106]

  • November 24, 2009: South Africa South Africa

The economy grew an annualised 0.9% in the third-quarter after dropping 7.4% in the second-quarter. The recovery was attributed to government spending and the construction industry.[107]

  • November 30, 2009: Canada Canada

Canada begins its recovery from the recession.[108] Economic growth is at 0.4% after 14 months of economic stagnation.[108]

2010

[edit]

January

[edit]

The late 2000s recession has entered its second full year of existence. While many nations have managed to climb out of the recession, employment is still sparse and promises to remain so throughout 2010.

  • January 10, 2010: Canada Canada

Canada continues its long and laborious recovery over its recession. However, people are starting to lose optimism due to the continued job losses.[109] Only Manitoba has managed to create 2000 new jobs while the rest of the nation loses approximately 105,000.[109] The previous month brought in 36,000 new part-time jobs at the expense of 71,000 full-time jobs.[109]

  • January 10, 2010: United States United States

The US economy is expected to get worse with more job cuts.[109] This will expect to have some ramification with their northern neighbor Canada.[109]

  • January 12, 2010: Colombia Colombia

Colombia officially leaves the recession after achieving 2% economic growth in the last quarter of 2009.[110]

  • January 26, 2010: United Kingdom United Kingdom

After 6 consecutive quarters of negative GDP growth, the UK economy finally came out of recession with a GDP growth of 0.1%.[111]

February

[edit]
  • February 5, 2010: Canada Canada

Employment increased by 43,000 in January, all in part-time, pushing the unemployment rate down 0.1 percentage points to 8.3%. January marks the fourth employment gain in six months. Despite the recent increases, employment still remains 280,000 below the level of October 2008. Employment gains in January were driven by women aged 25 to 54 and youths. This was the first notable increase for youths since the start of the employment downturn in the fall of 2008. There were large increases in part-time employment in January, bringing it back to the level of six months earlier. Full-time employment was little changed in January, but has trended up over the last six months. January's increase was among private sector employees, while self-employment declined. Over the last six months, the number of private and public sector employees has been rising while self-employment has been little changed. The largest employment increases in January occurred in business, building and other support services, and retail and wholesale trade. These were partially offset by losses in professional, scientific, and technical services, as well as agriculture.[112]

  • February 22, 2010: Taiwan Taiwan

Taiwan's economy exits from the recession with 9.22% growth in the last quarter of 2009 after increased demand from China and other key markets in the region.[113]

  • February 24, 2010: European Union Eurozone

Europe risks a double-dip recession after bad results emerged from France, Germany and Italy. The Eurozone only grew by 0.1% in the last quarter of 2009.[114]

March

[edit]
  • March 2, 2010: Canada Canada

The economy is rocketing further away from recession, increasing the chances that the Bank of Canada will lift borrowing costs more aggressively than expected later this year.[115] Economic growth surged an annualized 5% in the fourth quarter, providing the clearest sign yet that a broad-based recovery is taking firm hold.[115] It was the fastest annualized quarterly growth since 2000, and the first solidly positive quarter since the economy entered recession in 2008 amid a global pullback brought on by the financial crisis.[115] The fourth-quarter surge was fuelled by everything from a strong housing sector and healthy consumer spending to a surprise turnaround for net trade as the country's exports grew at almost double the pace of imports, according to Statistics Canada.[115]

  • March 12, 2010: Canada Canada

21,000 jobs were created in Canada as of February 2010.[116] However, employers are still not hiring people in most places including Stelco and other jobs that are in rural areas like Norfolk County, Ontario.

  • March 24, 2010: North Macedonia Republic of Macedonia

Last quarter expansion of 1.2% in 2009 officially brought the Republic of Macedonia out of the recession. Overall, the Republic of Macedonia's GDP contracted by 0.7% last year.[117]

April

[edit]
  • April 2, 2010: United States United States

162,000 jobs were created in the United States, unemployment rate held steady at 9.7%.[118]

  • April 9, 2010: Canada Canada

17,900 new jobs were created in Canada in the previous month.[119] The trend is moving towards job creation instead of layoffs as seen in late 2008 and most of 2009.[119] Jobs are being created in the private sector while public sector jobs are losing ground.[119] Employment increased marginally in Ontario, Quebec, and Saskatchewan.[119]

  • April 15, 2010: Canada Canada

The union vote ratification for Stelco Lake Erie Works was confirmed with 88.5% voting in favor of the three-year deal; keeping the place open for industry.[120][121] As a result, numerous jobs in the local area were saved by this "eleventh hour" action.

May

[edit]
  • May 31, 2010: Canada Canada

Canadian factories hummed, consumers bought more houses, governments spent more money, prices increased and the economy posted its best quarter of growth in more than 10 years.[122] The Canadian economy expanded at an annualized rate of 6.1% in the first quarter, surpassing analyst expectations and marking the best growth rate since 1999.[122] Economists had expected annualized GDP growth of 5.9% in the last quarter, up from 5% in last year's fourth quarter.[122] The growth in the first quarter is the third straight quarter of economic expansion in Canada, coming on the heels of three consecutive quarters of contraction.[122] March growth came in at 0.6%, ahead of the 0.5% estimate.[122]

June

[edit]
  • June 9, 2010: Hungary Hungary

Hungary leaves the recession after experiencing 0.9% growth in the first quarter as a result of growing exports and effective government spending measures.[123]

  • June 9, 2010: Finland Finland

Finland falls back into a state of recession after GDP contracted 0.4% in Q1 2010 and 0.2% in Q4 2009. The country witnessed negative growth of 7.8% in 2009, being the worst result since 1918.[124] Apart from Luxembourg, Finland maintained EU fiscal policy by keeping debt at 44% of GDP, under the 60% limit.[125]

July

[edit]
  • July 2, 2010: Canada Canada

Twenty thousand new jobs were added to Canada's economy.[126] The unemployment rate is expected to have stayed at 8.1%.[126] Economists expect initiated home building was at an annual rate of 192,000 last month, up from 189,100 in May.[126]

  • July 23, 2010: United Kingdom United Kingdom

The ONS released preliminary figures showing that economic growth had accelerated from 0.3% in Q1 2010 to 1.1% in Q2. This is almost double the original forecast of 0.6% growth, and the news is a welcome surprise.[127] In late August, this figure was revised up to 1.2% growth as a result of greater construction output.[128] However, large budget cuts are being put into action by the new coalition government to tackle the £163bn budget deficit that the country faces.

August

[edit]
  • August 6, 2010: Canada Canada

From April to June, Canada added a massive 225,000 jobs, over half of all of the year-over-year gains since July 2009, which has nearly brought Canada's employment to pre-recession levels.[129] Now that growth is beginning to normalize, employment and gross domestic product growth paused in July.[129] Canada's economy shed 9,000 jobs, pushing the employment rate up slightly to 8.0%.[129] The 139,000 full-time jobs lost were largely offset by the 130,000 gained in part-time employment.[129]

September

[edit]

Egypt's Minister of Finance, Dr. Youssef Butros Ghali, states that Egypt emerged from the recession as indicated by increased total revenue from sales taxes and customs revenues.[130]

  • September 10, 2010: Canada Canada

Statistics Canada said an additional 36,000 people got jobs in August, but the unemployment rate rose 0.1 percentage points, to 8.1%, as a larger number of people sought work.[131] That raised the number of unemployed by 17,800, to slightly more than 1.5 million.[131] Excluding the bounce in education jobs, employment actually fell by about 32,000, economists at BMO Capital Markets and CIBC said.[131]

  • September 20, 2010: United States United States

The National Bureau of Economic Research state that the US left the recession in June 2009, with managing director Lakshman Achuthan of the Economic Cycle Research Institute saying GDP recovered to 70% of the pre-recession level.[132]

October

[edit]
  • October 31, 2010: Belgium Belgium

Belgium leaves the recession with 0.5% growth in the third quarter.[133]

December

[edit]
  • December 7, 2010: Iceland Iceland

Iceland officially leaves the recession with growth of 1.2% in the third quarter.[134][135]

2011

[edit]

January

[edit]
  • January 25, 2011 United Kingdom United Kingdom

It was announced the UK economy suffered a shock contraction of 0.5% in the fourth quarter of 2010, which has been widely blamed on the severe winter weather in December and austere budget cuts implemented by the coalition government increasing fears that the UK is heading for a double-dip recession. However, overall economic growth for 2010 was 1.4%.[136]

February

[edit]
  • February 9, 2011 Latvia Latvia

Latvia leaves deep recession with an annualised growth of 3.7% in the last quarter of 2010, meaning the Latvian economy only shrank by 0.2% in 2010, compared to 18% in 2009.[137]

  • February 21, 2011 Thailand Thailand

Thailand's GDP rose 3.8% in the fourth quarter of 2010 after a minor recession caused by GDP contractions of 0.4% in the second quarter and 0.3% in the third quarter of 2010. The growth of the fourth quarter was attributed to a strengthening global economy, along with increasing income levels in the nation and greater liquidity by financial institutions to help the private sector. Full-year growth was recorded at 7.8%.[138]

  • February 23, 2011 Venezuela Venezuela

Economists expressed concern with regards to Venezuela's economy improving due to instability in the private sector pressured by the socialist government,[139] as José Guerra, former manager at the Central Bank of Venezuela,[140] stated that private investment, accounting for half of Venezuela's GDP, dropped 2.2% in 2010.[141]

March

[edit]

The global credit information group Experian highlighted in a report that the economic recovery for Wales is slower than the rest of the UK, stating a forecasted growth of 1.6% per year over the next decade as compared to 2.2% for the rest of the United Kingdom. Issues for Wales were attributed to low export rates, an unskilled workforce and low entrepreneurism, leading to less opportunities for growth.[142]

May

[edit]
  • May 5, 2011: Portugal Portugal

Portugal's Minister of Finance Teixeira dos Santos warns that the upcoming bail-out package of €78 billion is expected to shift Portugal into recession for at least 2 years.[143]

  • May 6, 2011: United States United States

The US Department of Labor stated 244,000 jobs were created in April, with 235,000 added in February and 221,000 in March, but unemployment continued to grow, reaching 9%. For unemployment to be reduced to 6%, 13 million private sector jobs must be added over 3 years, meaning annual growth of 4-5% required.[144]

  • May 13, 2011: Portugal Portugal

Portugal slips into double-dip recession after the economy contracted by 0.7% in the first quarter of 2011, with a 0.6% contraction in the last quarter of 2010.[145] The European Commission forecast Portugal's GDP will drop 2.2% in 2011, followed by a 1.8% drop in 2012, along with public debt to reach 101.7% of GDP in 2011 and 107.4% of GDP in 2012.[146]

  • May 13, 2011: Romania Romania

Romania officially leaves the recession after 2 years following economic growth of an annualised 1.6% in the first quarter.[147]

June

[edit]

As house prices remain low in the US housing market, significant foreign purchases have been made by the Canadians, Chinese and Europeans (mainly French, Spanish and Italian), seeing total spending around US$16 billion.[148] Housing prices fell 3% in the first quarter of the year, seeing housing sales increase 5.1% in March.[149]

Recovery for Scotland from the recession is stifled by the risk of stagnation from a weak rate of recovery in exports and business investments.[150]

July

[edit]
  • July 27, 2011: United Kingdom United Kingdom

After figures showed that the 0.5% contraction in Q4 2010 was cancelled out by a 0.5% rise in Q1 2011, growth estimates from the ONS suggest that the growth in the UK is slowing down, after figures of 0.2% GDP increase was posted. Sovereign debt in the Eurozone and EU cause the stock market to crash from a FTSE-100 high of 6100 points to just above 5000.[citation needed]

September

[edit]
  • September 15, 2011 Canada Canada

The St. Thomas Assembly plant was closed permanently after decades of providing employing to the region of St. Thomas, Ontario; resulting in the loss of roughly 1,400 good-paying jobs.[151]

November

[edit]
  • November 1, 2011 Canada Canada

Bick's is closing down its tank farm in Delhi, Ontario in November 2011.[152] One hundred and fifty full-time jobs will be lost by this move in addition to secondary industries and retailers.[152]

2012

[edit]

March

[edit]
  • March 22, 2012: Republic of Ireland Ireland

Ireland returns to recession as GDP falls by 0.2% in the fourth quarter of 2011 following a fall of 1.1% in the third quarter.[153]

April

[edit]
  • April 25, 2012: United Kingdom United Kingdom

The UK economy returns to recession with a fall of 0.2% in GDP in the first quarter of 2012 following a fall of 0.3% in the last quarter of 2011.[154]

July

[edit]
  • July 25, 2012: United Kingdom United Kingdom

The double dip recession in the UK economy continues with a fall of 0.7% in GDP in the second quarter of 2012.[155]

August

[edit]

Hungary falls back into recession as GDP falls by 0.2% in the second quarter of 2012 following a fall of 1.0% in the first quarter.[156]

October

[edit]
  • October 25, 2012: United Kingdom United Kingdom

The double dip recession in the UK economy ends with growth of 1.0% in GDP in the third quarter of 2012, with help from the London Olympic Games.[157]

November

[edit]
  • November 15, 2012: European Union Eurozone

The Eurozone economy returns to recession with a fall of 0.1% in GDP in the third quarter of 2012 following a fall of 0.2% in the previous quarter.[158][159]

December

[edit]
  • December 5, 2012: United Kingdom United Kingdom

In his Autumn Statement, Chancellor George Osborne cuts the UK growth forecast for 2013 to 1.2% from the 2% forecast in the budget.[160][161]

  • December 10, 2012: Japan Japan

Japan is again in recession as the GDP figures for the second quarter of 2012 are revised to show a contraction of 0.03% and the third quarter figures fall by a further 0.9%.[162]

2013

[edit]

January

[edit]
  • January 22, 2013: Japan Japan

The Bank of Japan doubles its inflation target to 2% and announces open-ended asset purchases for 2014 in the hope of ending deflation.[163][164]

  • January 25, 2013: United Kingdom United Kingdom

Initial GDP figures for the fourth quarter of 2012 show the UK economy shrank by 0.3% raising fears of a triple dip recession.[165]

February

[edit]
  • February 13, 2013: United Kingdom United Kingdom

Sir Mervyn King, Governor of the Bank of England, says he believes "a recovery is in sight". However, he also expects inflation to rise to at least 3% by the summer of 2013 and to remain above the Bank's 2% target for two years.[166]

  • February 14, 2013: European Union European Union

The recession in the Eurozone economy deepens with a fall of 0.6% in GDP in the fourth quarter of 2012. Of the major economies, Germany shrinks by 0.6%, France by 0.3% and Italy by 0.9%.[167] The economy of the 27 members of the EU, including non-Eurozone members such as Denmark and the UK, shrinks by 0.5%.[168]

  • February 14, 2013: Japan Japan

Japan remains in recession as the economy shrinks by a further 0.1%.[169]

  • February 22, 2013: European Union European Union

The European Commission forecast for 2013 expects growth of 0.1% across the 27 members of the EU but a contraction of 0.3% in the Eurozone economy.[170]

In its National Economic Report of Bermuda for 2012, the Bermudan Ministry of Finance expects GDP will decline by 0% to 1.5% in 2013 but five years of recession will end with "modest growth in 2014". GDP is thought to have contracted by 1.75% to 2.25% in 2012 after a decline of 2.8% in 2011.[171]

  • February 22, 2013: United Kingdom United Kingdom

The UK's AAA credit rating is downgraded by Moody's to AA+. The agency expects growth to "remain sluggish over the next few years".[172]

March

[edit]

Banks in Cyprus re-open after having been closed for two weeks.[173] The government of Cyprus agrees a 10 billion euro bailout deal with the EU and IMF. Depositors with more than € 100,000 in certain banks will lose up to 60% of their deposits.[174] An earlier proposal that would have seen depositors with less than €100,000 losing 6.75% of their deposits fails to attract a single vote in favor in the Cypriot parliament.[175][176] Russia is expected to help finance the bailout by delaying the repayment of a 2.5 billion euro loan to Cyprus until 2021.[177]

Notes

[edit]
  1. ^ 105 out of the 206 sovereign countries in the World, did not publish any quarterly GDP data for the 2006–2013 period. The following 21 countries were also excluded from the table, due to only publishing unadjusted quarterly real GDP figures with no seasonal adjustment: Armenia, Azerbaijan, Belarus, Brunei, Dominican Republic, Egypt, Georgia, Guatemala, Iran, Jordan, Macao, Montenegro, Morocco, Nicaragua, Nigeria, Palestine, Qatar, Rwanda, Sri Lanka, Trinidad and Tobago, Vietnam.
  2. ^ a b Only seasonally adjusted qoq-data can be used to accurately determine recession periods. When quarterly change is calculated by comparing quarters with the same quarter of last year, this results only in an aggregated -often delayed- indication, because of being a product of all quarterly changes taking place since the same quarter last year. Currently there is no seasonal adjusted qoq-data available for Greece and the Republic of Macedonia, which is why the table display the recession intervals for these two countries only based upon the alternative indicative data format.
  3. ^ Bolivia had as of January 2014 only published seasonally adjusted real GDP data until Q1 2010, with the statistics office still to publish data for 2010-13.[6]
  4. ^ According to the methodology note for the quarterly GDP of El Salvador, this data series include seasonally adjustments.[14]
  5. ^ The G20-zone represents 85% of all GWP, and comprise 19 member states (incl. UK, France, Germany and Italy) along with the EU Commission as the 20th member, who represents the remaining 24 EU member states in the forum.[15]
  6. ^ Kazakhstan had as of January 2014 only published seasonally adjusted real GDP data until Q4 2009, with the statistics office still to publish data for 2010-13.[18]
  7. ^ Moldova had as of January 2014 only published seasonally adjusted real GDP data until Q4 2010, with the statistics office still to publish data for 2011-13.[22]

References

[edit]
  1. ^ Pleitgen, Fred; Davies, Catriona (29 June 2010). "How Poland became only EU nation to avoid recession". CNN. Archived from the original on 1 July 2012. Retrieved 23 May 2011.
  2. ^ a b "Quarterly National Accounts : Quarterly Growth Rates of real GDP, change over previous quarter". Stats.oecd.org. Archived from the original on 2023-05-22. Retrieved 2013-08-17.
  3. ^ a b "GDP and main components - volumes: Percentage change on previous quarter (seasonally adjusted, and adjusted by working days)". Eurostat. 10 January 2014. Archived from the original on 10 April 2022. Retrieved 10 January 2014.
  4. ^ a b c "Albanian Real growth rate from one quarter to the previous quarter, seasonally adjusted (Qt,i/Qt,i-1), (2005=100)" (XLS). INSTAT. 8 January 2014. Archived from the original on 13 March 2017. Retrieved 10 June 2023.
  5. ^ a b c d e f "Third Quarter GDP Times Series 2013: Gross Domestic Product by Activity, Constant 2000 prices – BZ$ million" (XLS). Statistical Institute of Belize. 18 December 2013.
  6. ^ a b "PRODUCTO INTERNO BRUTO TRIMESTRAL 2010 Primer Trimestre (each chapter is packed into an overall rar file)" (RAR+PDF). PIBtrimestral1r20104.pdf: Capítulo IV (Ajuste Estacional y Extracción de Señales Por Actividad Económica) - Cuadro N° 04.01.02, BOLIVIA: VARIACIÓN CON RELACIÓN AL PERIODO ANTERIOR DE LA DESESTACIONALIZACIÓN DEL PRODUCTO INTERNO BRUTO POR ACTIVIDAD ECONÓMICA SEGÚN, TRIMESTRE, 1991 - 2010 (En porcentaje) (in Spanish). Instituto Nacional de Estadística de Bolivia. 30 July 2010. Archived from the original on 18 January 2017. Retrieved 10 June 2023.
  7. ^ "Gross Domestic Product (GDP) at 2005 Constant Prices by Area of Economic Activity - Seasonally Adjusted. Quarterly Since 2000: Quarterly Percentage Change" (XLS). Banco de la República, Colombia. 19 September 2013.
  8. ^ "GDP by branch of activity: By branches of economic activity at constant prices for 2005 deseasonalized series / 2000-I a 2013-III" (XLS). Departamento Administrativo Nacional de Estadística (DANE). 19 December 2013. Archived from the original on 17 April 2021. Retrieved 10 June 2023.
  9. ^ "Gross Domestic Product (1991-2013, at 1991 constant prices): Original Series, Trend Cycle and Seasonally Adjusted Series". Banco Central de Costa Rica. 7 January 2014. Archived from the original on 31 July 2019. Retrieved 10 June 2023.
  10. ^ "Cuentas Nacionales Trimestrales del Ecuador No.65 (Enero 2009)" (PDF). Cuadro No 1: Oferta - Utilizacion de bienes y servicios, variacion trimestral, tasas de t/t-1, dolares constantes de 2000, P.I.B. (in Spanish). Banco Central del Ecuador. 27 January 2009. Archived (PDF) from the original on 28 July 2022. Retrieved 10 June 2023.
  11. ^ "Estadisticas Macroecomicas - Presentacion Coyuntural (Diciembre 2012)" (PDF). PRODUCTO INTERNO BRUTO, PIB, (Precios constantes de 2007, datos desestacionalizados, Tasas de variación, Variación t/t-1) (in Spanish). Banco Central del Ecuador. 1 February 2013. Archived (PDF) from the original on 6 February 2013. Retrieved 10 June 2023.
  12. ^ "Estadisticas Macroecomicas - Presentacion Coyuntural (Diciembre 2013)" (PDF). PRODUCTO INTERNO BRUTO - PIB, Precios constantes de 2007, Tasas de variación, Variación t/t-1 (in Spanish). Banco Central del Ecuador. 13 December 2013.
  13. ^ "1- Base de Datos Económica-Financiera > IV.7 Producto Interno Bruto Trimestral (PIBt)" (in Spanish). Banco Central de Reserva de El Salvador. 30 December 2013. Archived from the original on 23 August 2022. Retrieved 10 June 2023.
  14. ^ "Boletín Económico: Metodología Producto Interno Bruto Trimestral, Base 1990" (PDF) (in Spanish). Banco Central de Reserva de El Salvador. 27 October 2006. Archived (PDF) from the original on 1 November 2021. Retrieved 10 June 2023.
  15. ^ "G20 Members". G20.org. Archived from the original on 3 February 2014. Retrieved 15 January 2014.
  16. ^ "Statistical Table Customization: Seasonally adjusted GDP and selected expenditure components - percentage changes in real terms over the preceding quarter". Census and Statistics Department (Hong Kong). 15 November 2013. Archived from the original on 12 May 2021. Retrieved 10 June 2023.
  17. ^ a b c d e "Jamaican Economic Statistics: National Accounts: Quarterly Rate of Growth of Value Added GDP by Industry at Constant 2007 Prices (Seasonally Adjusted)". Statistical Institute of Jamaica. 31 December 2013. Archived from the original on 20 May 2023. Retrieved 10 June 2023.
  18. ^ a b "GDP by the production method: Basic indexes - GDP allowing for seasonal fluctuations" (DOC). The Agency of Statistics of the Republic of Kazakhstan. 2012.
  19. ^ a b "Table: Gross Domestic Product by production approach, by NKD Rev.1, by quarters (volume indices, compared to the corresponding period of the previous year, %)". MAK Stat Database. State Statistical Office of the Republic of Macedonia. 13 December 2013. Archived from the original on 21 August 2014. Retrieved 10 June 2023.
  20. ^ "Gross Domestic Product 2013 second quarter, seasonal adjustment" (PDF). Table 1B: Seasonally Adjusted GDP at constant 2005 prices - Percentage Change from Preceding Quarter. Department of Statistics, Malaysia. 22 August 2013. Archived (PDF) from the original on 14 November 2013. Retrieved 10 June 2023.
  21. ^ "Quarterly Gross Domestic Product 2013 third quarter" (PDF). Chart 3 and Table 6B: Seasonally Adjusted GDP at constant 2005 prices - Percentage Change from Preceding Quarter. Department of Statistics, Malaysia. 15 November 2013. Archived (PDF) from the original on 13 November 2014. Retrieved 10 June 2023.
  22. ^ a b "Databank table: Seasonally adjustments of Gross Domestic Product and of main elements of use, average prices of 2000, 1995-2010". National Bureau Of Statistics of the Rublic Of Moldova. 31 May 2011. Archived from the original on 6 June 2016. Retrieved 10 June 2023.
  23. ^ a b "CUENTAS NACIONALES DE PARAGUAY - TERCER TRIMESTRE 2013" (PDF). Anexo: Tasas de variacion - PIB desestacionalizado (t/t-1) (in Spanish). Banco Central del Paraguay. 20 December 2013. Archived (PDF) from the original on 15 March 2023. Retrieved 10 June 2023.
  24. ^ "Informe Técnico - PBI Trimestral Nº 04 Noviembre 2013: Comportamiento de la Economía Peruana en el Tercer Trimestre de 2013" (PDF). Anexo Nº 4: SERIE DESESTACIONALIZADA POR TIPO DE GASTO, 2002_I - 2013_III (Variación porcentual trimestral del Índice de Volumen Físico respecto al trimestre anterior, Valores a precios constantes de 1994) (in Spanish). Instituto Nacional de Estadística e Informática (INEI). 22 November 2013. Archived (PDF) from the original on 23 August 2022. Retrieved 10 June 2023.
  25. ^ "3rd Quarter 2013 National Accounts of the Philippines (multiple files packed as a rar file)" (RAR). 3Q2013_SANA_PUB.XLS (page 3): Summary Table 1 - SEASONALLY ADJUSTED NATIONAL ACCOUNTS SERIES at Constant 2000 Prices: Quarter to quarter in million Pesos (First Quarter 1998 to Third Quarter 2013). National Statistical Coordination Board. 28 November 2013. Archived from the original on 18 September 2023. Retrieved 10 June 2023.
  26. ^ "The seasonally adjusted national accounts of the Philippines (Third Quarter 2013): SEASONALLY ADJUSTED NATIONAL ACCOUNTS SERIES at Constant 2000 Prices: Quarter to quarter growth rates (First Quarter 1998 to Third Quarter 2013)". National Statistical Coordination Board. 28 November 2013. Archived from the original on 5 March 2016. Retrieved 10 June 2023.
  27. ^ a b c "Quarterly gross domestic product by production approach, at constant prices, seasonally adjusted data, of the Republic of Serbia". Statistical Office of the Republic of Serbia. 31 December 2013. Archived from the original on 22 April 2014. Retrieved 10 June 2023.
  28. ^ "SingStat Time Series (access to database require payment subscription)". Archived from the original on 2014-11-13. Retrieved 2023-06-10.
  29. ^ "Statistical Tables from Economic Survey of Singapore (Fourth Quarter 2008): GDP by Industry at 2000 prices, Seasonally Adjusted" (PDF). Statistics Singapore. 26 February 2009. Archived (PDF) from the original on 29 October 2021. Retrieved 10 June 2023.
  30. ^ "Statistical Tables from Economic Survey of Singapore (Fourth Quarter 2010): GDP by Industry at 2005 prices, Seasonally Adjusted" (PDF). Statistics Singapore. 17 February 2011. Archived (PDF) from the original on 12 May 2022. Retrieved 10 June 2023.
  31. ^ "Statistical Tables from Economic Survey of Singapore (Third Quarter 2013): GDP by Industry at 2005 prices, Seasonally Adjusted" (PDF). Statistics Singapore. 21 November 2013. Archived (PDF) from the original on 15 May 2022. Retrieved 10 June 2023.
  32. ^ "SingStat Table Builder: National Accounts: M013362 - Gross Domestic Product At 2005 Market Prices, By Industry, Quarterly, (SA) (Period on Period)". Statistics Singapore. 21 November 2013. Archived from the original on 18 September 2023. Retrieved 10 June 2023.
  33. ^ "Slovenija se je izkopala iz recesije, a nas ogroža politična nestabilnost". www.24ur.com. Archived from the original on May 22, 2019. Retrieved June 13, 2019.
  34. ^ "Light at the end of the Tunnel: Slovenia Out of Recession". The Slovenia Times. Archived from the original on September 15, 2019. Retrieved June 13, 2019.
  35. ^ a b "Macro database: GDP by Expenditures - Seasonally Adjusted (Quarterly, at 2006 prices, 1981-2013)". National Statistics - Republic of China (Taiwan). 29 November 2013. Archived from the original on 18 August 2014. Retrieved 10 June 2023.
  36. ^ "Gross Domestic Product 1993 until Q3/2013: Table 6.1 - Gross National Product and GDP at 1988 Prices (Seasonally Adjusted) q-o-q Growth Rate" (XLS). Office of the National Economic and Social Development Board (Thailand). 18 November 2013. Archived from the original on 4 March 2016. Retrieved 10 June 2023.
  37. ^ a b "Quarterly gross domestic product estimates of Ukraine for 2001 – 2012" (PDF). Seasonally Adjustment of gross domestic product at constant prices of 2007 (Table 5.1 - Gross Domestic Product, page 99). State Statistics Service Of Ukraine. 30 August 2013. Archived from the original on 13 August 2021. Retrieved 10 June 2023.
  38. ^ "ЕКСПРЕС-ВИПУСК: ВАЛОВИЙ ВНУТРІШНІЙ ПРОДУКТ УКРАЇНИ ЗА 1 КВАРТАЛ - 4 КВАРТАЛ 2012 РОКУ - ВАЛОВИЙ ВНУТРІШНІЙ ПРОДУКТ ВИРОБНИЧИМ МЕТОДОМ (RAPID RELEASE: GROSS DOMESTIC PRODUCT OF UKRAINE Q1-Q4 2012 - Gross domestic product production methods)" (Zip PDF) (in Ukrainian). State Statistics Service Of Ukraine. 17 March 2014. Archived from the original on 3 October 2018. Retrieved 10 June 2023.
  39. ^ "ЕКСПРЕС-ВИПУСК: ВАЛОВИЙ ВНУТРІШНІЙ ПРОДУКТ УКРАЇНИ ЗА 1 КВАРТАЛ - 4 КВАРТАЛ 2013 РОКУ - ВАЛОВИЙ ВНУТРІШНІЙ ПРОДУКТ ВИРОБНИЧИМ МЕТОДОМ (RAPID RELEASE: GROSS DOMESTIC PRODUCT OF UKRAINE Q1-Q4 2013 - Gross domestic product production methods)" (Zip PDF) (in Ukrainian). State Statistics Service Of Ukraine. 11 March 2014. Archived from the original on 3 October 2018. Retrieved 10 June 2023.
  40. ^ "Gross Domestic Product Quarter on Quarter growth". Office for National Statistics. 1 July 2016. Archived from the original on 9 June 2023. Retrieved 10 June 2023.
  41. ^ "Informe Trimestral de Cuentas Nacionales: Julio – Setiembre 2013" (PDF) (in Spanish). Banco Central del Uruguay. 13 December 2013.
  42. ^ "AGREGADOS_MACROECONÓMICOS: PIB Desestacionalizado. Base 1997 (Trimestral)" (XLS) (in Spanish). 9 December 2013. Archived from the original on 10 October 2017. Retrieved 10 June 2023.
  43. ^ Brogger, Tasneem (1 July 2008). "Denmark enters recession". Bloomberg. Independent. Archived from the original on 5 March 2016. Retrieved 24 May 2011.
  44. ^ Collier, Mike (13 August 2008). "Recession arrives in Estonia". The Baltic Times. Tallinn. Archived from the original on 4 June 2023. Retrieved 1 June 2011.
  45. ^ "Hard crash for Latvia's housing market". Global Property Guide. 26 January 2009. Archived from the original on April 15, 2009.
  46. ^ Kollewe, Julia (25 September 2008). "Ireland falls into recession". Guardian. Archived from the original on 26 January 2021. Retrieved 25 May 2010.
  47. ^ Boyd, Olivia (10 October 2008). "Singapore enters recession". Building. Archived from the original on 2011-08-20. Retrieved 1 June 2011.
  48. ^ a b Adam, Shamim (9 October 2008). "Singapore, in Recession, Ends Currency Gain Policy (Update2)". Bloomberg. Archived from the original on 26 January 2016. Retrieved 18 May 2011.
  49. ^ Mason, Rowena (24 October 2008). "Iceland to get £1.3bn IMF loan". The Telegraph. Archived from the original on 29 July 2021. Retrieved 31 May 2011.
  50. ^ Evans-Pritchard, Ambrose (27 October 2008). "Yen surge stokes stability fears as 'Aussie' slides". The Telegraph. Archived from the original on 26 July 2021. Retrieved 1 June 2011.
  51. ^ Conway, Edmund (28 October 2008). "Bank of England: 1.2million face negative equity as property slumps". The Telegraph. Archived from the original on 26 July 2021. Retrieved 1 June 2011.
  52. ^ "German economy officially in recession". AFP. France 24. 13 November 2008. Archived from the original on 22 May 2011. Retrieved 31 May 2011.
  53. ^ Carpio, Carmie (13 November 2008). "No recession in RP—Deutsche Bank, RP gov't". Asian Journal. Archived from the original on 9 September 2011. Retrieved 15 May 2011.
  54. ^ "Istat, pil italiano a -0,9%: è recessione tecnica Ma le Borse Ue reagiscono: piazza Affari +1,6%". Il Giornale (in Italian). Milan. 14 November 2008. Retrieved 15 May 2011.
  55. ^ "Hong Kong slides into recession". BBC News. 14 November 2008. Archived from the original on 24 January 2022. Retrieved 31 May 2011.
  56. ^ "Eurozone officially in recession". BBC News. 14 November 2008. Archived from the original on 28 July 2011. Retrieved 31 May 2011.
  57. ^ Strupczewski, Jan (4 December 2008). "Euro zone recession confirmed". Reuters. Brussels. Archived from the original on 28 March 2023. Retrieved 31 May 2011.
  58. ^ Wallop, Harry (17 November 2008). "Japan joins growing list of countries to fall into recession". Telegraph. Archived from the original on 28 March 2023. Retrieved 25 May 2010.
  59. ^ Magin, Janis L. (23 November 2008). "UH forecast sees 'deep' Hawaii recession through '09". Pacific Business News. Archived from the original on 2 November 2012. Retrieved 5 June 2011.
  60. ^ "Recession in Canada now official, OECD says". The Canadian Press. Ottawa: Daily Commercial News. 28 November 2008. Archived from the original on 2011-07-28. Retrieved 31 May 2011.
  61. ^ "La Suède entre à son tour en récession". La Tribune (in French). 28 November 2008. Archived from the original on 16 July 2011. Retrieved 15 May 2011.
  62. ^ Irwin, Neil (1 December 2008). "NBER: U.S. In Recession That Began Last December". Washington Post. Archived from the original on 16 February 2011. Retrieved 25 May 2010.
  63. ^ Isidore, Chris (1 December 2008). "It's official: Recession since Dec. '07". CNN Money. New York. Archived from the original on 31 January 2023. Retrieved 15 May 2011.
  64. ^ "Russia has entered recession: minister". Live Mint. Moscow. 12 December 2008. Archived from the original on 28 July 2009. Retrieved 23 May 2011.
  65. ^ Evans-Pritchard, Ambrose (13 January 2009). "Shipping rates hit zero as trade sinks". The Telegraph. Archived from the original on 2 September 2011. Retrieved 1 June 2011.
  66. ^ Monaghan, Angela (23 January 2009). "UK recession: It's now official". The Telegraph. Archived from the original on 27 April 2009. Retrieved 1 June 2011.
  67. ^ Seager, Ashley; Hopkins, Kathryn (21 January 2009). "Unemployment leaps closer to 2 million". Guardian. Archived from the original on 12 November 2014. Retrieved 26 June 2011.
  68. ^ Kollewe, Julia (23 January 2009). "Recession Britain: It's official". Guardian. Archived from the original on 26 January 2016. Retrieved 26 June 2011.
  69. ^ "Nederland sinds april in recessie". Nu.nl (in Dutch). The Hague. 13 February 2009. Archived from the original on 24 May 2011. Retrieved 18 May 2011.
  70. ^ "Taiwan in recession as economy contracts record 8.36 pct". AFP. Taipei. 18 February 2009. Archived from the original on 24 January 2013. Retrieved 15 May 2011.
  71. ^ "Gross domestic product in decline, Finland is in recession". Statistics Finland. 27 February 2009. Archived from the original on 11 June 2011. Retrieved 31 May 2011.
  72. ^ Powell, Naomi (4 March 2009). "Stelco's Hamilton and Lake Erie plants idled". The Toronto Star. Hamilton. Archived from the original on June 16, 2010. Retrieved 25 May 2010.
  73. ^ Law, K.C (4 March 2009). "Malaysia may face full-blown recession". The Star. Kuala Lumpur. Archived from the original on 19 August 2012. Retrieved 23 May 2011.
  74. ^ "France officially hit by recession". AFP. France 24. 15 May 2009. Archived from the original on 18 May 2009. Retrieved 15 May 2009.
  75. ^ "Euro area and EU27 GDP down by 2.5%" (PDF). Eurostat. 15 May 2009. Archived from the original (PDF) on 11 June 2009. Retrieved 16 May 2009.
  76. ^ Saltmarsh, Matthew (19 May 2009). "Despite energy reserves, Norway slips into recession". The New York Times. Archived from the original on 28 October 2012. Retrieved 23 May 2011.
  77. ^ "México entró en recesión". AFP (in Spanish). Mexico City: La Prensa Gráfica. 21 May 2009. Archived from the original on 2009-05-22. Retrieved 9 June 2009.
  78. ^ Yuvejwattana, Suttinee (25 May 2009). "Thai Economy Contracts More Than Forecast, Enters Recession". Bloomberg. Archived from the original on 18 September 2023. Retrieved 10 June 2009.
  79. ^ Stewart, Robb M. (27 May 2009). "South Africa enters recession, GDP falls 6.4%". The Wall Street Journal. Johannesburg. Archived from the original on 26 January 2016. Retrieved 15 May 2011.
  80. ^ "Switzerland enters recession in first quarter". RTÉ Business. 2 June 2009. Archived from the original on 26 October 2012. Retrieved 10 June 2009.
  81. ^ "Chile entró oficialmente en recesión". DPA (in Spanish). Santiago: La Nación. 5 June 2009. Archived from the original on 18 September 2023. Retrieved 31 May 2011.
  82. ^ "Brazil's economy enters recession". BBC News. 9 June 2009. Archived from the original on 23 March 2012. Retrieved 15 May 2011.
  83. ^ Kioutchukov, Stefan (11 June 2009). "Bulgaria's Economy Shrinks by 5%". Standart. Archived from the original on 6 October 2012. Retrieved 31 May 2011.
  84. ^ Alsema, Adriaan (25 June 2009). "Colombia officially in recession". Colombia Reports. Archived from the original on 26 June 2009. Retrieved 16 May 2011.
  85. ^ "Turkish GDP falls 13.8%, economy enters recession". Hurriyet Daily News. Istanbul. 30 June 2009. Archived from the original on 25 March 2012. Retrieved 24 May 2011.
  86. ^ "Turkey in biggest slump since 1945". Hurriyet Daily News. Istanbul. 1 July 2009. Archived from the original on 25 March 2012. Retrieved 24 May 2011.
  87. ^ Wong-Anan, Nopporn; Lim, Kevin; Azar, Saeed (14 July 2009). "Drugs drag Singapore out of recession". Reuters. Singapore. Archived from the original on 26 January 2016. Retrieved 24 May 2011.
  88. ^ a b Recession in Canada is Over [dead link‍]
  89. ^ "France and Germany exit recession". BBC News. 13 August 2009. Archived from the original on 16 May 2011. Retrieved 15 May 2011.
  90. ^ "Hong Kong sale de la recesión". Notimex (in Spanish). Beijing: El Universal. 14 August 2009. Archived from the original on 12 October 2012. Retrieved 31 May 2011.
  91. ^ "Portugal sale de la recesión con un ligero aumento del PIB". AFP (in Spanish). Lisbon. 15 August 2009. Archived from the original on 18 August 2009. Retrieved 31 May 2011.
  92. ^ Quiroga, Annabella (15 August 2009). "El INDEC admite por primera vez que cayó la economía". Clarín (in Spanish). Archived from the original on 9 June 2012. Retrieved 1 June 2011.
  93. ^ "Japan's economy leaves recession". BBC News. 17 August 2009. Archived from the original on 18 June 2011. Retrieved 15 May 2011.
  94. ^ "Japan emerges from recession". Al Jazeera. 17 August 2009. Archived from the original on 24 December 2009. Retrieved 15 May 2011.
  95. ^ "Thai economy emerges from recession in 2Q". The Economic Times. Bangkok. 24 August 2009. Archived from the original on 26 April 2012. Retrieved 15 May 2011.
  96. ^ "Cyprus economy enters recession". Trade Arabia. Nicosia. 8 September 2009. Archived from the original on 18 September 2023. Retrieved 7 June 2011.
  97. ^ Gaier, Rodrigo Viga (11 September 2009). "Economía Brasil crece 2do trim y sale de recesión". Reuters América Latina (in Spanish). Rio De Janeiro. Archived from the original on 21 July 2011. Retrieved 1 June 2011.
  98. ^ "Sweden emerges from recession". Business & Leadership. 11 September 2009. Archived from the original on 28 July 2011. Retrieved 15 May 2011.
  99. ^ Marusic, Sinisa Jakov (21 September 2009). "Macedonia enters recession". Balkan Insight. Archived from the original on 12 June 2012. Retrieved 15 May 2011.
  100. ^ Bryant, Miranda (2 October 2009). "London goes green as Irish recession forces biggest migration in 20 years". London Evening Standard. Archived from the original on 5 October 2009. Retrieved 15 May 2011.
  101. ^ "Record recession for UK economy". BBC News. 23 October 2009. Archived from the original on 20 December 2011. Retrieved 15 May 2011.
  102. ^ "The Netherlands is out of the recession". DutchNews. 13 November 2009. Archived from the original on 18 March 2012. Retrieved 15 May 2011.
  103. ^ Steele, Francesca (13 November 2009). "Germany leads Eurozone out of recession". Times Online. Archived from the original on 1 July 2012. Retrieved 18 May 2011.
  104. ^ Nikas, Sotiris (14 November 2009). "Recession covers the whole of 2009". Ekathimerini. Archived from the original on 26 January 2016. Retrieved 5 June 2011.
  105. ^ "Mexico's economy rebounding, recession over". AP. Mexico City: King 5. 20 November 2009. Archived from the original on 2 April 2012. Retrieved 23 May 2011.
  106. ^ Chinea, Eyanir; Uribarry, Julio (22 November 2009). "Chavez says Venezuela in recession, by US yardstick". Reuters. Caracas. Archived from the original on 26 January 2016. Retrieved 23 May 2011.
  107. ^ "S.Africa leaves recession with 0.9-percent growth". Agence France-Presse. MSN News. 24 November 2009. Archived from the original on 2 April 2012. Retrieved 13 September 2011.
  108. ^ a b Friend, David (30 November 2009). "Gross domestic product sees first gain in a year in third quarter". The Canadian Press. Toronto: MSN CA. Archived from the original on 14 July 2011. Retrieved 1 June 2011.
  109. ^ a b c d e Zimonjic, Peter (10 January 2010). "Expect more Canadian job losses: Flaherty". Winnipeg Sun. Ottawa. Archived from the original on 26 February 2012. Retrieved 31 May 2011.
  110. ^ Alsema, Adriaan (12 January 2010). "Colombian economy leaves recession: study". Colombia Reports. Archived from the original on 25 March 2012. Retrieved 16 May 2011.
  111. ^ Crumley, Bruce (26 January 2010). "Britain's out of recession: So why no cheers?". Time. Archived from the original on January 28, 2010. Retrieved 15 May 2011.
  112. ^ "Labour Force Survey". Statistics Canada. 5 February 2010. Archived from the original on 26 August 2012. Retrieved 23 May 2011.
  113. ^ Yeh, Benjamin (22 February 2010). "Taiwan exits worst post-war recession". AFP. IndustryWeek. Archived from the original on 2010-03-02. Retrieved 15 May 2011.
  114. ^ Evans-Pritchard, Ambrose (24 February 2010). "Europe at risk of double-dip recession". The Telegraph. Archived from the original on 28 April 2011. Retrieved 15 May 2011.
  115. ^ a b c d Torobin, Jeremy; Grant, Tavia (2 March 2010). "Broad recovery gains traction". CTV News. Retrieved 31 May 2011.[dead link‍]
  116. ^ "Loonie soars on jobs report". CBC News. MSN CA. 12 March 2010. Archived from the original on 14 July 2011. Retrieved 1 May 2011.
  117. ^ Marusic, Sinisa Jakov (24 March 2010). "Macedonia officially out of recession". Balkan Insight. Archived from the original on 6 November 2011. Retrieved 15 May 2011.
  118. ^ Rampell, Catherine; Hernandez, Javier C. (2 Apr 2010). "Signaling jobs recovery, payrolls surged in March". The New York Times. Archived from the original on 3 September 2011. Retrieved 15 May 2011.
  119. ^ a b c d "Jobless rate remains at 8.2%". The Canadian Press. MSN CA. 9 Apr 2010. Archived from the original on 20 July 2011. Retrieved 1 June 2011.
  120. ^ "Stelco ratification confirmed". Steel Market Update. 15 April 2010. Archived from the original on 9 June 2011. Retrieved 31 May 2011.
  121. ^ "U.S. Steel ends lockout at Ontario plant". The Canadian Press. CBC News. 16 Apr 2010. Archived from the original on 9 November 2012. Retrieved 24 May 2011.
  122. ^ a b c d e Canadian economic growth best in 10 years - May 31, 2010 Archived May 29, 2010, at the Wayback Machine
  123. ^ "Hungary exits recession in first quarter". The Economic Times. Budapest. 9 June 2010. Archived from the original on 26 April 2012. Retrieved 15 May 2011.
  124. ^ "Finland falls back into recession". Al Jazeera. 9 June 2010. Archived from the original on 28 June 2010. Retrieved 15 May 2011.
  125. ^ "Finland in double-dip recession". BBC News. 9 June 2010. Archived from the original on 13 June 2011. Retrieved 27 June 2011.
  126. ^ a b c "20000 fewer jobless people in Canada". Canada.com. 2 July 2010. Retrieved 4 July 2010. [dead link‍]
  127. ^ Jones, Lee (23 July 2010). "Preliminary Q2 GDP figures rocket". Money Marketing. Archived from the original on 23 July 2011. Retrieved 23 May 2011.
  128. ^ "INSTANT VIEW-UK Q2 GDP unexpectedly revised up to 1.2% qq". London South East. London. 27 August 2010. Archived from the original on 23 March 2012. Retrieved 23 May 2011.
  129. ^ a b c d Thomson, Eric (6 August 2010). "Canada's economy takes a break". Conference Board of Canada. Archived from the original on 16 July 2011. Retrieved 31 May 2011.
  130. ^ Khan, Sarah (8 September 2010). "Budget records: Egypt economy emerges from recession". Global Arab Network. Cairo. Archived from the original on 2011-10-08. Retrieved 15 May 2011.
  131. ^ a b c "Jobs report suggests weakness: economists". CBC News Canada. 10 September 2010. Archived from the original on 12 September 2010. Retrieved 2 October 2010.
  132. ^ Isidore, Chris (20 September 2010). "Recession officially ended in June 2009". CNN Money. Archived from the original on 19 July 2011. Retrieved 26 June 2011.
  133. ^ "Belgium exits recession in third quarter: central bank". Expatica. 31 October 2010. Archived from the original on 28 September 2012. Retrieved 23 May 2011.
  134. ^ Inman, Phillip (7 December 2010). "Iceland exits recession". The Guardian. Archived from the original on 20 September 2013. Retrieved 16 Apr 2011.
  135. ^ Murchie, Kay (7 December 2010). "Iceland finally emerges from recession". Finance Markets. Archived from the original on 22 March 2012. Retrieved 16 Apr 2011.
  136. ^ Kumar, Vikram (25 January 2011). "The UK economy fell by 0.5% against forecast". News Woofer. Archived from the original on 20 March 2011. Retrieved 12 May 2011.
  137. ^ "UPDATE 2-Latvia Q4 growth provides further Baltic boost". Reuters. Riga. 9 February 2011. Archived from the original on 26 January 2016. Retrieved 23 May 2011.
  138. ^ Setthasiriphaiboon, Piyarat (21 February 2011). "Thailand emerges from recession". The Wall Street Journal. Bangkok. Archived from the original on 26 January 2016. Retrieved 15 May 2011.
  139. ^ "Venezuela central bank sees faster 2011 growth". Reuters. 27 February 2011. Archived from the original on 26 January 2016. Retrieved 23 May 2011.
  140. ^ "Venezuela's economy signals recession". El Universal. Caracas. 13 February 2009. Archived from the original on 2009-02-18. Retrieved 27 June 2011.
  141. ^ Sanchez, Fabiola (23 February 2011). "Venezuela out of recession, but doubts remain". AP. Caracas: The Palm Beach Post. Retrieved 27 June 2011. [dead link‍]
  142. ^ "Experian warns of slower Welsh recovery from recession". BBC News. 30 March 2011. Archived from the original on 12 May 2011. Retrieved 23 May 2011.
  143. ^ Armitstead, Louise (5 May 2011). "Portugal faces two years of recession, warns finance minister Teixeira dos Santos". The Telegraph. Archived from the original on 8 May 2011. Retrieved 15 May 2011.
  144. ^ Morici, Peter (6 May 2011). "Economy creates 244,000 jobs in April". UPI. College Park. Archived from the original on 10 May 2011. Retrieved 26 June 2011.
  145. ^ "Eurozone's economic growth accelerates". BBC News. 13 May 2011. Archived from the original on 22 May 2011. Retrieved 23 May 2011.
  146. ^ Lima, Joao (13 May 2011). "Portugal re-enters recession after government cuts spending, raises taxes". Bloomberg. Archived from the original on 16 May 2011. Retrieved 15 May 2011.
  147. ^ Bryant, Chris (13 May 2011). "Romania bids recession farewell". Financial Times. Archived from the original on 15 May 2011. Retrieved 15 May 2011.
  148. ^ Harris, Becky (24 June 2011). "U.S. housing market receiving much international attention". U-Pack. Archived from the original on 29 June 2011. Retrieved 25 June 2011.
  149. ^ Nichols, Janice (9 June 2011). "Our Real Estate Market Sees No Progress in 2011... No Win Situation, Says RealtyPartner". PRWeb. Chicago: Yahoo! News. Retrieved 25 June 2011.
  150. ^ "Economic experts issue 'stagnation' warning over Scottish economy". Daily Record. 24 June 2011. Archived from the original on 2 July 2011. Retrieved 27 June 2011.
  151. ^ "Ontario Ford plant closure brings tears". CTV. September 16, 2011. Archived from the original on September 13, 2014. Retrieved December 22, 2011.
  152. ^ a b Sonnenberg, Monte (Nov 2010). "Local Bick's plants closing". Simcoe Reformer. Archived from the original on 6 July 2011. Retrieved 31 May 2011.
  153. ^ "Ireland back in recession as global slowdown hits exports". The Guardian. 2012-03-22. Archived from the original on 2015-04-26. Retrieved 2013-01-25.
  154. ^ "UK economy in double-dip recession". BBC News Online. 2012-04-25. Archived from the original on 2013-01-19. Retrieved 2013-01-01.
  155. ^ "UK recession deepens after 0.7% fall in GDP". BBC News Online. 2012-07-25. Archived from the original on 2012-11-18. Retrieved 2013-01-01.
  156. ^ "Hungarian Economy Slips Into Second Recession in 4 Years". Bloomberg. 2012-08-14. Archived from the original on 2013-05-24. Retrieved 2013-02-16.
  157. ^ "UK economy returns to growth with help from Olympics". BBC News Online. 2012-10-25. Archived from the original on 2013-01-10. Retrieved 2013-01-01.
  158. ^ "Eurozone back in recession". BBC News Online. 2012-11-15. Archived from the original on 2012-12-14. Retrieved 2013-01-01.
  159. ^ "GDP down by 0.1% in the euro area and up by 0.1% in the EU27" (PDF). Eurostat. 2012-11-15. Archived from the original (PDF) on 2012-12-09. Retrieved 2013-01-01.
  160. ^ "Autumn Statement: At-a-glance summary of key points". BBC News Online. 2012-12-05. Archived from the original on 2013-02-03. Retrieved 2013-02-22.
  161. ^ "Autumn Statement: A wintry statement of reality". BBC News Online. 2012-12-04. Archived from the original on 2013-03-05. Retrieved 2013-02-22.
  162. ^ "Japan economic data revision suggests recession". BBC News Online. 2012-12-10. Archived from the original on 2013-01-17. Retrieved 2013-01-23.
  163. ^ "BOJ Adopts Abe's 2% Target in Commitment to End Deflation". Bloomberg. 2013-01-22. Archived from the original on 2013-01-25. Retrieved 2013-01-23.
  164. ^ "Japan agrees 2% inflation target and asset purchases". BBC News Online. 2013-01-22. Archived from the original on 2013-01-17. Retrieved 2013-01-23.
  165. ^ "UK heading for triple-dip recession as GDP shrinks 0.3% in fourth quarter". The Guardian. 2013-01-25. Archived from the original on 2013-12-28. Retrieved 2013-01-25.
  166. ^ "Inflation to stay above target, says Bank of England". BBC News Online. 2013-02-13. Archived from the original on 2013-02-15. Retrieved 2013-02-15.
  167. ^ "Eurozone recession deepened at end of 2012". BBC News Online. 2013-02-14. Archived from the original on 2013-02-15. Retrieved 2013-02-15.
  168. ^ "Euro area GDP down by 0.6% and EU27 down by 0.5%" (PDF). Eurostat. 2013-02-14. Archived from the original (PDF) on 2013-02-16. Retrieved 2013-02-15.
  169. ^ "Japanese economy contracts for third straight quarter". BBC News Online. 2013-01-22. Archived from the original on 2013-02-15. Retrieved 2013-02-15.
  170. ^ "Eurozone downturn and deficits to persist, Commission says". BBC News Online. 2013-02-22. Archived from the original on 2013-02-22. Retrieved 2013-02-22.
  171. ^ Mello, Marina (2013-02-23). "Govt forecasts fifth year of recession". The Royal Gazette. Archived from the original on 2013-02-25. Retrieved 2013-02-23.
  172. ^ "UK loses top AAA credit rating for first time since 1978". BBC News Online. 2013-02-23. Archived from the original on 2013-03-08. Retrieved 2013-03-10.
  173. ^ "Cyprus banks reopen amid tight security and tough curbs". BBC News Online. 2013-03-28. Archived from the original on 2013-03-30. Retrieved 2013-03-31.
  174. ^ "Bank of Cyprus big depositors could lose up to 60%". BBC News Online. 2013-03-30. Archived from the original on 2013-03-31. Retrieved 2013-03-31.
  175. ^ "Shock in Cyprus as savers face bailout levy". BBC News Online. 2013-03-16. Archived from the original on 2013-03-16. Retrieved 2013-03-16.
  176. ^ "Cyprus rescue in chaos as bank levy rejected". Daily Telegraph. 2013-03-19. Archived from the original on 2013-03-21. Retrieved 2013-03-21.
  177. ^ "Cyprus' savers bear brunt of unprecedented bailout". Reuters. 2013-03-16. Archived from the original on 2016-01-19. Retrieved 2013-03-16.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Timeline_of_the_Great_Recession&oldid=1252576013"