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The Latest Breaking News from Recession

New Zealand in recession but MPs get pay rise

New Zealand's MPs will get modest pay increases, starting with 2.8 per cent this year, in the first wage rise in six years.

AAP

Bank of England’s chief economist dampens hopes of summer interest rates cut

Huw Pill warns inflation could rebound as UK business survey signals economy strengthened over last month

The Guardian - UK

Solid Profits At Banks As Execs Debate US Economic Risks

Large American banks reported solid earnings Friday behind still-high interest rates while offering varying views on the likelihood the United States can avoid a near-term recession.

International Business Times

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Economists 'can safely say' recession is over after February GDP rise, but growth still slow

The meagre growth, not helped by torrential rain that hammered the construction sector, marks a slowdown from a 0.3% advance in January

Evening Standard

FTSE 100 Live 11 April: Index jumps past 8000, near record, as GDP edges up, Bernanke Bank of England review

Slender growth in February today fuelled hopes that the UK economy is out of recession.

Evening Standard

Growth slows to 0.1% in February as economy hit by torrential rain

UK still stuck in a pattern of slow growth but recession is almost certainly over

Evening Standard

UK takes another step on path out of recession as GDP rises

February growth of 0.1% comes despite construction and retail being hit by wet start to year

The Guardian - UK

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FTSE 100 at highest close in a year as UK recession enters ‘rearview mirror’ – as it happened

Chancellor cheers 0.1% rise in GDP, but IoD fears economy still fragile

The Guardian - UK

US Economy Sends Mixed Signals On Recession Timing

US economy displays conflicting signals on recession timing, requiring flexible policies for economic stability.

Top News

UK Economy Shows Signs Of Recovery Despite Slower Services Growth

Latest PMI data shows UK economy resilient with balanced recovery across sectors, moving towards exiting recession.

Top News

Why UK recession may be deeper than two quarters of falling GDP suggest

Greater fall per head and latest trade data illustrate longer term decline of economy

The Guardian - UK

Rishi Sunak to call general election for November 14 or 21, suggests Cabinet minister Michael Gove

As William Hague says most Tories back an autumn election

Evening Standard

Michael Gove has ‘zero sympathy’ for ‘arrogant’ Thames Water in funding crisis – as it happened

Live, rolling coverage of business, economics and financial markets as minister says water company’s leadership has been a ‘disgrace’

The Guardian - UK

Blow for Sunak as revised figures confirm UK went into recession last year

Latest estimate from ONS says GDP declined by 0.3% in final quarter of 2023

The Guardian - UK

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Evening Standard

Ad market still in the mire warns S4 Capital boss Sir Martin Sorrell

Advertising guru Sir Martin Sorrell admitted today to a “difficult” year due to recession fears and higher interest rates as his S4 Capital made a loss of £6 million.

Evening Standard

Gloom grips the high street as retail sales and consumer confidence falter in a wait-and-see economy

Under-pressure consumers are holding back on spending with the economy already in recession

Evening Standard

FTSE 100 Live 22 March: Index closes highest in over a year and near 8000, pound lower

The FTSE 100 hit its highes tlevel in more than a year today as global stock markets continue to rally on hopes that lower interest rates are within sight.

Top News

Germany Faces Recession As Recovery Delayed: Bundesbank Report

Germany faces recession risk as Bundesbank warns of delayed economic recovery and external challenges impacting export-driven economy.

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Top News

US Treasury Yield Curve Inversion Sets Record

US Treasury yield curve inversion, the longest on record, sparks concerns of an economic downturn and recession. Investors and analysts closely monitor its...

Top News

New Zealand Enters Second Recession In 18 Months

New Zealand's economy contracts by 0.1% in Q4 2023, entering second recession in 18 months.

The Guardian - UK

Bank of England leaves interest rates at 5.25% but signals future cuts

Bank’s survey finds expectation of 4.5% base rate by end of 2024 amid ‘encouraging signs’ on inflation

Al Jazeera

New Zealand slips into second recession in 18 months

Political parties trade blame for economic slump that follows aggressive interest rate hikes to tame inflation.

AAP

Double dip New Zealand recession confirmed

New Zealand has fulfilled the technical definition of a recession with two quarters of negative GDP growth in the last half of 2023.

The Guardian - AU

Now is not the time to do anything more to slow the economy – it’s already in danger of stalling

The Sahm rule lets us get in front of recessions – so alerts should be flashing in the Treasury and RBA

The Guardian - UK

The UK economy is a long way from blossoming despite glimmers of hope

A deeper recession was avoided only thanks to record immigration, and the MPC is bound to be cautious about cutting interest rates

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