A new poll shows that more Americans than ever before think the economy is in a recession.
Australia lowers rates to 5.25%
Australia's central bank cuts its key interest rate from 6% to 5.25% in an attempt to boost the economy and avert a recession.
Eurozone is on verge of recession
The eurozone's economy shrank by 0.2% in the second quarter of the year, according to the European Commission.
Economists see recession through 2009
A survey of top economists released Monday shows that the vast majority of them believe the economy has fallen into a recession that will continue throughout all of 2009.
Germany 'on brink of recession'
Germany's economy is heading for recession and will only expand by 0.2% in 2009, the country's four leading economic think tanks warn.
Japan's economy sees a sharp fall
Japan's economic output records its sharpest quarterly fall in almost seven years as the country appears to be falling into recession.
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