recession

AP - Most Americans sorely knew it already, but now it's official: The country is in a recession, and it's getting worse.

The US recession began in December 2007, according to the National Bureau of Economic Research.

The National Bureau of Economic Research said Monday that the U.S. has been in a recession since December 2007, making official what most Americans have already believed about the state of the economy .

Stocks plunged Monday, starting a new month on a bad foot, as dismal manufacturing reports worldwide added to fears of a prolonged recession.

Industrial output and consumer spending fall heavily in Japan as fears grow it is heading for a prolonged recession.

German consumer sentiment rises slightly for the third month in a row despite the country being in a recession, a survey says.

The OECD says that the UK will suffer a deeper recession than any other major economy in 2009.

A recession is when your neighbor gets laid off. A depression is when you get terminated. With credit cards, fraud is not a big deal.

Unless it’s your number that’s for sale, online. A Symantec report says the underground economy is booming.

The total value of goods and services was “more than” $276 million.