The Latest Breaking News from Recession

Two more RBA rate hikes, tumbling inflation, and a high chance of recession: how our forecasting panel sees 2023-24

Of the 27 leading economists assembled by The Conversation to forecast the financial year that’s just begun, every one expects inflation to continue to fall.

The Conversation · Jul 2, 2023

Stephen Flynn accuses the Tories of taking UK to ‘brink of recession’

The SNP Westminster leader hit out at the UK Government’s handling of the economy.

The Independent UK · Jul 1, 2023

If there’s such a thing as an inflation quota, has Britain already exceeded it?

According to some in the City, the UK will have to keep prices flat for the next seven years to make up for the last three. Really?

The Guardian - UK · Jul 1, 2023

Big U.S. banks passed the Fed's stress test—but there's a 'looming risk' says former Fed official

Although the test found the largest lenders could withstand a severe recession, risks can still arise.

Fortune · Jun 30, 2023

Eurozone inflation drops; UK recession fears linger; Apple hits $3trn valuation – as it happened

Eurozone price pressures have eased, although core inflation has risen, as economists warn UK recession risk has not vanished

The Guardian - UK · Jun 30, 2023

There's a $75 trillion reason the economy won't crash into a recession, top economist says: Baby boomers' pent-up net worth

“Consumers may run out of their excess pandemic savings by the end of this year, but they have lots of other sources of purchasing power,” a veteran market watcher says.

Fortune · Jun 29, 2023

‘There’s not much evidence out there of a recession’ and that means more to gas up your car as oil prices are primed for a new ‘supercycle,’ Goldman Sachs says

Jeff Currie, head of global commodities research at Goldman Sachs, believes oil prices will surge 16% this year to $86 per barrel.

Fortune · Jun 29, 2023

After a raucous first half of 2023, Wall Street is still wondering if recession is in the cards

Halfway into 2023, and so little on Wall Street has gone according to plan

The Independent UK · Jun 29, 2023

Inflation crisis: is a recession the only answer?

Tory ministers have a long record of making rather callous statements about the economy, said Paul Waugh in The i Paper.

The Week · Jun 29, 2023

Stock market today: Asian shares are mixed after central bankers say interest rates must stay high

Asian stock markets are mixed after leaders of major central banks said they need to keep interest rates high to fight persistent inflation despite fears that might tip the global economy into recession

The Independent UK · Jun 29, 2023