What Happened on November 14, 2008

Day of the Week: Friday

Historical Events

  • Eurozone officially slips into recession for the first time since its creation in 1999, pushed down by recessions in Germany and Italy
  • Hong Kong becomes the second Asian economy to tip into recession, its exports hit by weakening global demand
  • Italy plunges into recession, its first since the start of 2005, after GDP contracts a steeper-than-expected 0.5% in the third quarter