5
Fed sees economic woes persisting into next year
Pounded by a fierce financial crisis, the country is sinking deeper into economic despair and is likely to be in the hole well into next year, forcing more Americans into the ranks of the unemployed.
10
UK retail sales fall less than expected in Oct
British retail sales fell less than expected in October and the public finances showed their first deficit for the month since 1994, official data showed on Thursday. 9
Recession in Europe Tends to be Less Severe than in U.S.
European Central Bank Governing Council member Michael Bonello said that although Europe is entering into a recession, it is likely to be less severe than that of the U.S. 8
Aussie recession looms in 2009: report
Australia risks sinking into recession early next year after a "very disturbing" slide in expectation for economic growth, a report shows. 8
Japan’s economy slides into recession
New numbers released by the Japanese government indicate the country has entered a recession. 6
Economists say recession is here, and will last
The global economy has plunged into a deep recession that may be longer than the average downturn, according to two surveys of U.S. economists that echo similar declarations from authorities in Europe and Japan. 6
Yen Rises as Recession Concern SpursSales of HighYield Asset
The yen gained against the euro and the dollar as stocks tumbled on the prospect of a global recession, prompting investors to sell higher-yielding assets to pay back low-cost loans in Japan's currency. 6
Recession in Japan Put Down the Aussie and Kiwi
Japan’s economy, the world’s second largest, unexpectedly shrank in the third quarter, entering the first recession since 2001 as companies cut spending. 
