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The Latest Breaking News from Recession

Jeremy Hunt clobbers ALL Brits with barrage of tax rises and cuts as UK in recession

Jeremy Hunt has announced tens of billions of pounds of cuts and stealth tax rises in the Autumn budget statement - from council tax and income tax to energy bills, minimum wage and the state pension and benefits

Daily Mirror

U.S. policymakers have one last chance to avoid a recession: Find the 1.5 million women who vanished from our workforce

Some 1.5 million women have vanished from the labor force since Feb. 2020. That bothers gender economist Katica Roy–and not for reasons of fairness.

Fortune

UK already in recession and GDP to fall by 1.4% in 2023, Jeremy Hunt says

Office for Budget Responsibility forecast that the UK economy will shrink further next year as Brits face rocketing inflation and cost-of-living crisis

Daily Mirror

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UK economy now in recession, Jeremy Hunt announces during Autumn Budget OLD

Office for Budget Responsibility says economy is shrinking again

The Independent UK

Jeremy Hunt says UK is in recession and 500,000 will lose their jobs

Mr Hunt said unemployment is expected to rise from 3.5% today to 4.9% by 2024

Wales Online

Dallas Fed: A bursting housing market bubble could once again plunge us into recession if policymakers aren’t careful

"The possibility of a sharp price correction leading to an economic contraction would further complicate Federal Reserve inflation-fighting efforts" writes the Dallas Fed.

Fortune

Commentary: Denying economic reality doesn’t help struggling Americans

Polls show economic concerns were dominant for many Americans this election season. Unfortunately, voters couldn’t always count on getting accurate reporting about these issues.

Tribune News Service

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Five charts that will shape the UK’s autumn statement

Plans are afoot to cut government borrowing with the economy on the brink of recession and the highest inflation for decades

The Guardian - UK

House prices set to dip in these areas as market faces nosedive

Demand is shifting across the region as experts warn of recession

Liverpool Echo

Phil Spencer’s property market survival guide: how to make sure any new home is as recession-proof as possible

TV property expert and founder of advice platform Move iQ Phil Spencer on the key considerations to help you see out the looming recession

Evening Standard

The Fed WANTS a Bear Market & Recession

The stock market (SPY) rally since Thursday’s better than expected CPI report has been impressive. And on the surface, it only seems to be bolstered by Tuesdays PPI report. Unfortunately, that would be missing the forest for the trees. Let’s take a much deeper dive into why the Fed needs…

StockNews.com

Pausing interest rate hikes would be the Fed’s ‘worst mistake,’ Citadel’s Griffin says

Despite recession fears and inflation seemingly receding, Griffin says the Federal Reserve should stay the course with interest rate hikes.

Fortune

Economists see US inflation running even hotter through next year

Economists see U.S. inflation running hotter through next year than they did a month ago and recession odds continue to mount against a backdrop of rising borrowing costs.

Tribune News Service

Irish Government 'can't rule out' possibility of recession next year

Minister McGrath said the Government was “very open” about the risks facing the Irish economy when the Budget was announced on September 27.

Irish Mirror

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The Guardian - UK

The Guardian view on mass unemployment: inflation will drop without this pain

Editorial: Policymakers are wrong to think rising joblessness and a recession are a price worth paying

Wales Online

Rate of unemployment in the UK has risen to 3.6%

The biggest driver behind the fall came from hospitality, followed by retailing and wholesaling

The Independent UK

UK unemployment rises to 3.6 per cent as recession looms

Half a million working days were lost to strikes in August and September, the ONS said

StockNews.com

3 EV Stocks to Pick Up During the Bear Market

Recessions and bear markets are great opportunities to buy top stocks at a discount. Over the next decade, some of the best-performing stocks will emerge from the EV industry. Read more to find out why investors should watch BYD (BYDDY), NXP Semiconductors (NXPI), and Sociedad Y Quimica (SQM).

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news in one place.

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StockNews.com

3 Dividend Stocks to Buy to Help Soothe Some of Your Pain

Although inflation eased slightly last month, the Fed has indicated that the final level of interest rates could be higher than expected. With further interest rate hikes and the possibility of a recession expected to keep the market under pressure, it could be wise to buy dividend-paying stocks Pfizer (PFE),…

StockNews.com

4 Overrated Stocks to Avoid Like the Plague

Once investor favorites DoorDash (DASH), Teladoc Health (TDOC), SoFi Technologies (SOFI), and ContextLogic (WISH) have fallen significantly due to their poor fundamentals and growth prospects amid the Fed’s aggressive interest rate hikes this year. With lingering recession fears, these stocks are expected to tumble further. Thus, it could be wise…

Tribune News Service

Recession odds are up to 65% — here’s how a downturn could affect you

Recessions are more than just a slowing economy, volatile stock market and a bad spell of data. Behind the numbers and jargon are real people — and real livelihoods at stake.

Evening Standard

UK to be first G7 nation to fall into recession and last to get out - economists

The scale of the UK’s economic crisis was laid bare by a warning from economists

Insider UK

Sturgeon ‘profoundly concerned’ ahead of autumn budget

The Chancellor warned he will make 'eye-watering' decisions, as the UK teeters on the brink of a long recession

The Guardian - UK

Monday briefing: The UK has slumped into recession once more – how will Sunak and Hunt respond?

In today’s newsletter: Days before the Chancellor’s budget on Thursday, the government has an energy crisis, rising poverty and strikes to handle – and it could get worse

Birmingham Post

‘Recessionary fears’ among South West firms set in amid uncertainty

A survey for NatWest has uncovered one of the weakest business performances for the region since the global financial crisis in March 2009

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From analysis to the latest developments in health,
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