The now fast-moving spread of the coronavirus disease means the U.S., like the rest of the global economies, is entering recession territory. Unlike past downturns in 2001 and 2008, this one portends ...

FRESNO, Calif. (KFSN) -- The new coronavirus is not just a risk to your health but it could drive the economy into a recession. "The first initial impact will be to the big businesses themselves, then ...

As economic uncertainty from the COVID-19 pandemic mounts, one organization is predicting the damage could be the worst the world has seen since the Great Depression. The International Monetary Fund ...

Already having been hit hard in recent years due to changing shopper preferences, the apparel industry ―particularly department stores and specialty apparel retailers―are now facing the fallout from ...

Measures imposed to slow the spread of the coronavirus are pushing the world economy into a recession deeper and more painful than initially expected, even if a rebound is still on the cards for next ...

WASHINGTON -- The U.S. economy entered a recession in February as the coronavirus struck the nation, a group of economists declared Monday, ending the longest expansion on record. The economists said ...

Australia is officially in its first recession for almost three decades, with the June quarter GDP numbers showing the economy went backwards by 7 per cent — the worst fall on record and slightly ...