PARIS - President Francois Hollande holds a key press conference Thursday, a day after his first anniversary in office was marred by news that France had fallen back into recession amid plummeting economic indicators.The Socialist leader, who is the most unpopular post-War president according to ...

brussels - Recession in the crisis-hit eurozone will be deeper than expected for the rest of the year, hitting even Europe’s biggest economies and leaving unemployment at record levels, the EU warned Friday.Though signs of recovery could emerge in 2014, four of the eurozone’s biggest ...

MOSCOW - Recession and crippling energy inefficiency compounded by a stiff Russian gas bill are turning Ukraine into an economic headache on the eastern edge of Europe with few prospects for a recovery this year.The ex-Soviet nation of 46 million — a one-time breadbasket with historic ties to ...

Ben Fraser's first vote in an Irish general election may also be his last for a long while. Like many of his contemporaries, the 18-year-old student is seriously considering joining an exodus that is gathering pace as the recession deepens. Up to 50,000 Irish citizens could leave the country this ...

Cooperatives, based on the principles of self help and reciprocity, have the potential to help address the global economic crisis, especially among the worlds most vulnerable, Secretary General Ban Ki Moon said Sunday. Cooperatives economic model is not based on charity, he said, noting that in ...

The International Monetary Fund said Wednesday that industrialized nations need to take more steps to stimulate their economies to avert a global recession. "My primary message is that additional -- and vigorous -- policy action will be needed in order to avoid a serious global downturn," said John ...

The US economy is in recession and will contract at a faster pace in the fourth quarter, extending the decline into early 2009 as high unemployment crimps consumer spending, a survey showed. The National Association of Business Economists' poll of 50 professional forecasters released on Monday ...

Thirty US states were mired in recession in September, and 19 others are at risk of falling into recession in the coming months, a survey by research firm Moody's Economy.com said Tuesday. Moody's defined recession for the study as a decline in a state's gross domestic product (GDP) on average over ...

Prime Minister Gordon Brown told lawmakers on Wednesday that the global economic downturn was "likely to cause recession" in Britain, echoing the sentiments of the country's central bank chief. "Having taken action on the banking system, we must now take action on the global ...

A recession in the United States remains a probability, former Federal Reserve chairman Alan Greenspan said in an interview published Tuesday.  In an interview from Washington, Greenspan said he believed "there is a greater than 50 percent probability of recession."  He noted, ...