Toumas Malinen, a professor who specializes in financial crises, said the US economy looked dangerously close to a recession.

The U.S. economy is still expanding, but slower growth, elevated inflation and weak hiring are keeping recession risks alive.

Keynesian theory says that the way to end a recession in which the economy is in a “liquidity trap” is for government to ramp ...

“In April, we had projected that the great lockdown of 2020 would be the worst recession since the Great Depression and the data that is coming in confirms that,” said Gita Gopinath, economic ...

Understand the key differences between a recession and a depression. Learn how economies behave during these distinct economic downturns.

The most commonly accepted definition of recession is two consecutive quarters of declining gross domestic product, or GDP. Read Next: 5 Subtly Genius Moves All Wealthy People Make With Their Money ...

Introduction -- Part I: The best of times -- New age economics -- Golden globe -- Competing on a violent scale -- By legislation or fiat -- Where credit is due -- Castles in Spain -- Part II: The ...