The Latest Breaking News from Recession

Australian shares have staged a solid recovery in the final trading hour, after the Reserve Bank lifted its cash rate target by 0.5 percentage points, in a widely-expected decision.

When the Covid-19 pandemic and the resulting recession pushed 120 million people worldwide into extreme poverty in 2020, many countries relied on social-protection measures to cushion the blow. By May 2021, a total of 3,333 such schemes had been planned or implemented in 222 countries or territories.

Concerns over persistently high inflation, the Fed’s monetary policy tightening, the decline in GDP for two consecutive quarters, and the growing odds of a recession have kept the stock market under immense pressure over the past few months. So, fundamentally sound stocks ARC Document (ARC), Compañía Cervecerías (CCU), Hill International…

Rates expected to rise again, by 0.25% or 0.5%, increasing costs for millions of borrowers

Imagine, for just a moment, you’re an economic policymaker tasked with managing the path of an economy. Now envisage a set of economic conditions that makes your task near-enough impossible. That, unfortunately, is where many real-life policymakers find themselves today. There’s too little growth but there’s also too much inflation.…

Policies are tightening when major economies are either falling into recession or heading that way

Few voters may be thinking of Jerome Powell as they go to the polls in November, but all will be coping with economic conditions strongly influenced by Powell's Federal Reserve Board.

The US Commerce Department on Thursday announced that the country’s gross domestic product had fallen for the second consecutive quarter, although President Joe Biden said the economic data overall “doesn’t sound like a recession”. In most countries, two successive quarters of GDP decline qualify as a recession – but not…

This week’s decision on interest rates will be fraught, but many think Britain is heading the same way as the US