Markets plummet on one of their worst days of the year, as recession signs emerge around the world https://www.washingtonpost.com/business/2019/08/14/stocks-tank-another-recession-warning-surfaces/?wpisrc=al_news__alert-economy--alert-national&wpmk=1 …
"New data indicated Germany was slipping into recession with the country’s economy shrinking 0.1 percent between April and June. If it experienced another contraction during this quarter, Germany officially would meet the definition of a recession.” https://www.washingtonpost.com/business/2019/08/14/stocks-tank-another-recession-warning-surfaces/?wpisrc=al_news__alert-economy--alert-national&wpmk=1 …
"Several major governments and more than 1,000 big companies in Europe are now able to effectively borrow from global financial markets at a negative interest rate. … [this debt] has doubled since December and now totals $15 trillion.” https://www.washingtonpost.com/business/economy/banks-are-paying-people-to-borrow-money-thats-alarming-news-for-the-global-economy/2019/08/13/8eb7b9ca-bada-11e9-a091-6a96e67d9cce_story.html …
Nine major economies in recession or on the verge of recession:
- United Kingdom
- South Korea
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