The Latest Breaking News from Recession

People making $125,000 and more are getting laid off faster than anyone else, in a reversal of the typical recession playbook.

UBS will pay U.S. authorities $1.44 billion to settle the last lingering legal case over Wall Street’s role in the housing bubble of the early 2000s, which ultimately led to the 2008 financial crisis and Great Recession

The UK economy is not in recession but it is stuck in a low-growth trap. GDP in the three months to June registered a 0.2 per cent jump, marking the fifth successive quarter in which the economy has kept its head above water since a 0.5 per cent advance in…

The meagre GDP growth means there is no immediate risk of recession, but leaves the UK stuck in a low growth trap

The moderating pace of inflation, combined with a resilient job market, has raised hopes that the Federal Reserve may be able to tame inflation without causing a painful recession.

When the Kakhovka dam was destroyed in early June, a vast expanse of water disappeared. The water’s dramatic recession has had far-reaching effects on the population of surrounding towns, notably Nikopol. But as residents adapt to the new landscape, Ukrainian authorities and environmental experts are grappling with the best strategy…

The National Institute of Economic and Social Research warns it will be another year until UK GDP recovers to where it was before the coronavirus pandemic

The National Institute of Economic and Social Research says the economy will avoid a recession

Recession more likely than not by end of 2024 when Tories will have to go to country

Economic experts say it will take until third quarter of 2024 for output to return to pre-pandemic peak

The National Institute of Economic and Social Research said in its main forecast that the economy will avoid a recession