The Latest Breaking News from Recession

A leading economist says there is ‘no need to panic’ as Britain is ‘not in an 07-08 scenario’

Another solid month of hiring in the United States is expected to be reported Friday, an outcome that would suggest no recession is in sight yet could make it harder for the Federal Reserve to succeed in its drive to cool the economy and curb high inflation

The catch is it's global. The heated debate about a U.S. recession is a moot point. The much bigger story is that a typical world recession has likely already started."

Markets suffer on both sides of Atlantic as Fed signals more rate hikes and recession fears grow in UK

Actual earnings are quite poor, says Société Générale’s Albert Edwards, and investors ignore recession warnings “at their peril.”

Global commercial air travel demand reached 90% of pre-Covid levels in May 2023, according to Bain & Company's Air Traffic Demand Forecast Model. A complete rebound is anticipated in the first half of 2024, primarily driven by the resumption of Chinese air travel. However, current recovery trends may be dampened…

Economist and Nobel laureate Paul Krugman revealed he had no soft corners for an emerging group he calls “recession truthers,” following a decline in inflationary pressure over the past year

The White House is taking a victory lap, and economists at Goldman Sachs and JPMorgan are offering rosier economic forecasts.

The Princeton economist and New York Times columnist said tech billionaires are “often, in practice, easy marks for grifters and con men.”

Amid high-interest rates and a tight labor market, the economy is at risk of tipping into a recession in the second half of 2023. So, investors could consider buying industrial stocks Holcim (HCMLY), GMS (GMS), and Apogee Enterprises (APOG) that have gained momentum despite the market volatility. Keep reading.

Rishi Sunak has blamed the high number of fixed-rate mortgages for his government’s failure to bring down inflation.