The Latest Breaking News from Recession

Australia's biggest economic threat isn't home-grown. It's a recession, originating in the United States

A recession in the US usually brings on a recession in the rest of the world, although not always in Australia.

The Conversation · May 31, 2022

Elon Musk welcomes global recession: ‘it’s been raining money on fools for too long’

The billionaire has received loans and tax breaks to help keep Tesla afloat, now he says other companies should go bankrupt for the good of the economy

The Guardian - US · May 28, 2022

Mapping the global economy in the second half

Entering the second half of the year, financial market risks are becoming more apparent. Investors believe the risk of recession is increasing, resulting in volatile financial markets. We believe there are five major risks associated with five economic areas, as follows:

Bangkok Post · May 27, 2022

Worry about stagflation, a flashback to '70s, begins to grow

Stagflation

The Independent UK · May 26, 2022

US economy shrank by 1.5% in Q1 but consumers kept spending

The U.S. economy shrank in the first three months of the year even though consumers and businesses kept spending at a solid pace, the government reported Thursday in a slight downgrade of its previous estimate for the January-March quarter

The Independent UK · May 26, 2022

Global recession warning over war in Ukraine from head of World Bank

'Hard right now to see how we avoid a recession'

Wales Online · May 26, 2022

Stellantis CEO warns recession could harm EV adoption

Carlos Tavares, CEO of Jeep maker Stellantis NV, on Tuesday warned that a recession could be disastrous for the automotive industry as economic policymakers increase interest rates to curb inflation.

Tribune News Service · May 25, 2022

ASX slips after rising on tech, US stocks rally on rate rise outlook

Australian shares have fallen after a positive start on Thursday. It followed a strong session on Wall Street that saw investors clinging to the hope a US recession could be avoided.

ABC News · May 25, 2022

Ukraine-Russia latest updates: Moscow slams West for sanctions

Ukraine news from May 26: Moscow presses West to lift sanctions against Russia as it tries to shift food crisis blame.

Al Jazeera · May 25, 2022

IMF's Georgieva: 'Trend of fragmentation is strong'

International Monetary Fund Managing Director Kristalina Georgieva on Wednesday said she worries less about the risk that the war in Ukraine and a further slowdown in China might trigger a global recession than she does about the strength of the trend toward economic and political fragmentation.

Reuters · May 25, 2022