The Latest Breaking News from Recession

India has capacity to repay 94% of its foreign debt in a single day, says Devendra Fadnavis

Maharashtra CM Devendra Fadnavis dismissed economic slowdown fears, stating India can repay 94% of foreign debt in a day and has reserves for 11 months of imports. He highlighted India's robust GDP growth, remaining the world's fastest-growing economy despite recession predictions, and its emergence as the fourth-largest economy.

The Economic Times · Jun 13

Experts Name Exact Trigger That Will Turn Tech Layoffs Into a Catastrophic Regional Recession

Tech layoffs in Silicon Valley raise concerns about a potential recession, but economists argue the impact remains contained to the tech sector, with broader economic stability still intact.

International Business Times UK · Jun 10

OECD warns of 'scarring effects,' recession scenarios—but finds 'no signs of widespread labour displacement' from AI

The real problem for AI adoption, the global body says: "a lack of workers with digital skills emerging as a barrier to the adoption of AI technologies."

Fortune · Jun 3

It's not a recession. But Goldman says your paycheck is acting like it

Real income growth has slowed to a pace "rarely seen outside of recession," Goldman Sachs warns — and Americans are only beginning to feel the squeeze.

Fortune · Jun 2

Canada dips into technical recession? Pierre Poilievre slams Mark Carney, says no other G7 country is in this situation

Canada entered into what many experts would call a technical recession after it reported two consecutive quarters of contraction in economic growth. Statistics Canada said real gross domestic product fell 0.1 per cent on an annualized basis in the first three months of this year. That comes after a downwardly…

The Times of India · May 29

Global growth to weaken, India stands out with strongest growth prospect: WEF survey

In its latest Chief Economists' Outlook, the World Economic Forum (WEF) said nearly nine in ten chief economists surveyed expect global growth to weaken over the coming year, though only 13 per cent think there could be a global recession.

The Economic Times · May 28

The Harvard economist behind the Education Scorecard says the ‘Learning Recession’ is more than a COVID problem—it’s at least a decade old

Think all the backsliding in U.S. education is the result of remote school, masks and a year of social distancing? Not exactly, says Tom Kane.

Fortune · May 28

With oil markets nearing the danger zone, a US-Iran deal can’t come soon enough

Global prices are approaching a tipping point that could trigger inflation, shortages and, over time, recession

The Guardian - UK · May 24

Millionaire podcaster Mel Robbins hits back Gen Z's lazy label—she says they’re stuck in a world their baby boomer parents wouldn’t even recognize

The millionaire TV personality pointed out people in their twenties are living through a recession, workforce changes, and unfair scrutiny from leaders.

Fortune · May 23

Crude oil prices could hit $200 per barrel if Strait of Hormuz remains closed: Report

A prolonged closure of the Strait of Hormuz could push crude oil prices to as high as $200 per barrel and trigger a global recession, according to a Wood Mackenzie report.

The Economic Times · May 22