EasyJet losses deepen in first half

British low-cost airline EasyJet said Friday that first-half net losses more than quadrupled due to "tough" market conditions and high fuel costs.

China says air pollution dropped in 2018

China's air quality improved substantially last year, the environment ministry said Monday, following a government crackdown on pollution and a weakening economy.

China economy weighs on consumer tech spending

Spending on personal tech gadgets is taking a hit from the economic slowdown in China and the strong US dollar, researchers from the Consumer Technology Association said Monday.

Smartphone market seen as cooling

Global smartphone sales growth will cool to single digits for the first time ever amid a slowdown in China, a new market forecast said Thursday.

Latin America's economic prospects dim into 2016

Trade and financial shocks in the form of collapsing commodity prices and reduced availability of external financing have worsened Latin America's economic prospects in the past year, according to an issue brief from Rice ...

CEO says Apple growth still 'strong' in China

Apple is still seeing "strong growth" in China despite fears about an economic slowdown which have sparked a global market rout, chief executive Tim Cook said Monday.

India's Infosys shares up after new chief named

Shares in Indian outsourcing giant Infosys climbed nearly four percent on Thursday after the company announced a new chief executive who will take over in August.

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Recession

In economics, a recession is a general slowdown in economic activity over a sustained period of time, or a business cycle contraction. During recessions, many macroeconomic indicators vary in a similar way. Production as measured by Gross Domestic Product (GDP), employment, investment spending, capacity utilization, household incomes and business profits all fall during recessions.

Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as increasing money supply, increasing government spending and decreasing taxation.

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