The Latest Breaking News from Recession

Tory ministers are under mounting to pressure to get to grips with the cost of living crisis amid predictions the UK economy is heading for recession.

The Office for National Statistics said GDP rose by 0.8% between January and March, down from growth of 1.3% in the previous three months.

Weakest growth for a year

The figures will increase fears that Britain is heading for another recession as a result of the cost-of-living crisis

The U.S. equity market has been in correction mode lately on concerns over the Fed’s hawkish stance in fighting decades-high inflation and geopolitical issues. Furthermore, many analysts expect the economy to slip into recession. Therefore, we think it could be wise to bet on high-dividend-yielding stocks Sibanye Stillwater (SBSW), ING…

The stock market has witnessed a massive sell-off lately on concerns over the Fed’s aggressive interest rate hikes to fight the decade-high inflation. Many analysts expect the economy to slip into recession due to the Fed’s monetary policy tightening. Since the medical device industry is known to be one of…

The call came from leading experts who have warned they believe more than 250,000 households will “slide into destitution” next year

An estimated 1.5 million households across the UK will struggle to pay food and energy bills over the next year, as rising prices and higher taxes squeeze budgets, according to new research

Economists warn of negative economic growth in certain sectors and regions if ‘zero COVID’ policy continues.

Bitcoin fell below US$30,000 on Tuesday, hitting a 10-month low amid heavy market sell-offs on concerns over the Federal Reserve's aggressive monetary tightening and recession fears.

The Oxford Dictionary defines a recession as a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters. It is also defined as a period of declining economic performance across an entire economy that lasts several…