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The Latest Breaking News from Recession

Perception vs. reality: Poll reveals majority of U.S. citizens mistakenly feel the nation is in recession

Republicans and independent voters are more likely to believe this, the survey shows

Latin Times

Where the inflation and national debt figures leave Sunak’s five priorities

Most of the Prime Minister’s five priorities had not been achieved by the end of last year.

The Independent UK

Majority of Americans wrongly believe US is in recession – and most blame Biden

Exclusive Harris poll for the Guardian shows 55% believe economy is shrinking, in troubling sign for president’s re-election bid

The Guardian - US

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IMF Cautions On Timing Of UK Rate Cut

The International Monetary Fund on Tuesday said the Bank of England should be mindful over when to start cutting interest rates or risk harming an economy recently out of recession.

International Business Times

Ryanair boss Michael O'Leary getting 'recessionary feel' from Europe customers

The Ryanair CEO worries that consumer confidence might be lagging ahead of the crucial summer season, and he may have a point.

Fortune

Wall Street's biggest bear just turned bullish on stocks—but he warns ‘uncertainty’ still reigns

Morgan Stanley’s Mike Wilson previously called the $8 trillion market drop in 2022, due to a combination of “fire and ice.”

Fortune

'Finally a good news story for the UK' as GDP grows at fastest pace in more than two years

The City was basking in a rare glow of “genuinely strong” economic news today

Evening Standard

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Latest GDP figures offer some better news – but boom-boom Britain it ain’t

While the government will seize on any crumbs of comfort it can find, the bigger picture on growth tells a different story

The Guardian - UK

Starmer claims Labour will ‘save taxpayers billions’ with new immigration policies – as it happened

Controversial new Labour MP Natalie Elphicke joins party leader in her Dover constituency as he delivers major speech on immigration

The Guardian - UK

UK Economy Exits Recession Ahead Of Election

Gross domestic product expanded 0.6 percent in the first three months of this year, the Office for National Statistics (ONS) said, noting strong growth in service industries and car manufacturing.

International Business Times

British Economy Bounces Back Strongly, Ending Technical Recession

British economy shows strong growth in Q1, ending a technical recession. Interest rates may decrease to boost growth.

Top News

FTSE 100 Live 10 May: UK exits recession as GDP grows faster than thought, index at another record

A forecast and recession beating GDP figure of 0.6% today showed the UK’s strongest expansion in over two years.

Evening Standard

Britain's recession is officially over as economy grows faster than expected in first quarter

GDP was 0.4% higher in March and up 0.6% in the first quarter as a whole

Evening Standard

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The Guardian - UK

UK has moved out of recession, official figures show

GDP rose by 0.6% in first quarter of 2024 but forecasters expect economy to grow slowly this year

The Guardian - UK

FTSE 100 hits new closing high after UK economy escapes recession with fastest growth since 2021 – as it happened

Short, shallow recession is over, as UK economy grows faster than forecast in January-March quarter, by 0.6%, fastest quarterly growth in over two years

Evening Standard

Recession set to end as City looks ahead to interest rate cuts to boost economic growth

Quarterly expansion of 0.4% will make period of contraction shallow and short but strong growth remains elusive

The Guardian - AU

Those calling for higher interest rates in Australia should be careful of what they wish for

We need to avoid replicating the experience of the 1990s, when taming inflation involved destroying the economy

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The Guardian - UK

Rachel Reeves is right: this government is gaslighting us over the economy

Tories will crow about falling inflation and Britain’s waning recession. But the public sees the reality in its shopping basket, says Guardian columnist Polly Toynbee

The Guardian - UK

Should the Bank of England cut interest rates with Britain’s economy in bloom?

The UK is expected to come out of recession, but it would be wise not to expect a reduction any time soon

The Guardian - UK

Eurozone escapes recession; UK mortgage approvals hit 18-month high – as it happened

Fastest growth in 18 months as GDP expands by better-than-expected 0.3% in Q1 2024, after two quarters of contraction

The Guardian - UK

Eurozone exits recession as ‘big four’ economies beat forecasts

France, Spain, Germany and Italy helped by lower inflation and prospect of interest rate cuts

AAP

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.

The Guardian - UK

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

International Business Times

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.

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