The Latest Breaking News from Recession

As IMF alarm bells ring, Australia is stuck between inflation and a looming global recession

Limp growth would normally require fiscal stimulus, yet concerns about inflation mean we’re unlikely to see a big-spending budget

The Guardian - AU · Oct 12, 2022

Oil Falls as Strong Dollar and Recession Fears Weigh

Oil futures fell on Wednesday as a gloomy economic outlook and a strong dollar outweighed supply concerns stemming from last week's OPEC+ cut to its production target. Brent crude futures were down $1.42, or 1.5 %, at $92.87 a barrel by 1315 GMT. US West Texas Intermediate crude was down…

Asharq Al-Awsat · Oct 12, 2022

5 Stocks Under $50 to Buy This Week

Despite widespread recession concerns, Jim Cramer believes that the market could see an outsized rally in the near term as per historical trends. Given this backdrop, we think investors should load up Pfizer (PFE), Stellantis (STLA), APA Corporation (APA), Ryerson Holding (RYI), and Forrester Research (FORR), which are trading under…

StockNews.com · Oct 12, 2022

South West businesses blame 'hare-brained' mini-Budget as recession risk rises

The cost-of-living crisis is taking its toll on businesses with firms calling on the government to do more to help

Birmingham Post · Oct 12, 2022

What Does Prophetic Paul Tudor Jones Have To Say About Economic Future

Billionaire hedge fund manager Paul Tudor Jones sees continued weakness ahead as the U.S. economy heads for recession. 

Zenger · Oct 12, 2022

Risk of recession rises as UK economy shrinks in August

THE risk of a recession has risen after the UK’s economy shrank in August as factories and consumer services firms struggled, according to…

The National (Scotland) · Oct 12, 2022

UK economy shrank in August raising new fears of imminent recession

The economy shrank by 0.3 per cent in August raising new fears of an imminent recession.

Evening Standard · Oct 12, 2022

Biden says "slight recession" possible, "but I don't anticipate it"

"I don't think there will be a recession," he told CNN. "If it is ... we'll move down slightly."

Axios · Oct 12, 2022

Joe Biden admits 'very slight' US recession possibility

WASHINGTON: President Joe Biden said a recession in the US is possible but that any downturn would be “very slight” and that the US economy is resilient enough to ride out the turbulence.

The Times of India · Oct 12, 2022

If there is a recession, it will be "very slight," Biden says

U.S. President Joe Biden said in an interview released on Tuesday that he did not think there would be a recession, but that if it happened it would only be "very slight."

Reuters · Oct 12, 2022