The Latest Breaking News from Recession

AI could displace one in 11 workers, Goldman says, but the layoffs are likely waiting for a recession

Goldman’s Joseph Briggs finds companies have historically saved automation layoffs for downturns, and he’s updating his projection of the AI jobs impact.

Fortune · 21h ago

Could France’s debt troubles tip Italy into recession?

Rising borrowing costs and political uncertainty are putting France’s finances under pressure. Oxford Economics warns that a severe bond-market shock could push both France and Italy into recession in 2027, although a debt crisis remains outside its central forecast.

Euronews · Oct 19

Number of US families falling behind on debt is at the highest since Great Recession - here’s how to catch up

’Many households have too little room between their necessary expenses and their income,’ one expert said

The Independent UK · Oct 16

US families are behind on bills at rate not seen since Great Recession of 2008

The last time Americans were so behind on bills was during the 2008 Great Recession when the unemployment rate was double what it is now

The Independent UK · Oct 13

Are eurozone bond markets warning of a recession as growth slows?

Eurostat's cycle clock, which tracks the economy's phases, flags a sharp slowdown in the eurozone. Bond markets highlight French fiscal stress, sticky inflation and ECB hikes. But that could shift soon.

Euronews · Oct 9

Population growth not stopping 'recession-like' economy

Australia has mistaken a larger economy for one which is more prosperous, prioritising population over productivity growth, a Deloitte economist says.

AAP · Oct 6

Chalmers says global economic turmoil will drive budget cuts, but Australia should avoid recession

Treasurer says ‘very substantial and intensifying pressure’ on federal budget as he points finger at private sector for driving up inflation amid Middle East conflict

The Guardian - AU · Oct 4

If turbocharged petrol prices are driving up inflation, then why are Australia’s unemployed on the line?

Avoiding a rise in unemployment is important for the RBA – but apparently not a dealbreaker

The Guardian - AU · Sep 30

‘A recession indicator’: New Orleans woman claims Costco gas is mixed with water after full tank of premium gas results in mechanic visit

“Costco, we actually love y'all. So can we do right?”

We Got This Covered · Sep 29

The $40 trillion U.S. national debt is smaller than Japan's relative to its economy—but economist warns America is still 'the world's largest debtor'

“Japan’s debt dynamics are fundamentally different from those of the United States … Japan is the world’s largest creditor nation. The U.S. is the world’s largest debtor.”

Fortune · Sep 26