The Latest Breaking News from Recession

UK’s economy flatlined in February as teachers’ strikes drag on growth

Analysts expected GDP to grow by 0.1 per cent in February

The Independent UK · Apr 13, 2023

Asia stocks follow Wall St down after US recession warning

Asian stock markets have followed Wall Street lower after the Federal Reserve said its economists expect a “mild recession” this year

The Independent UK · Apr 13, 2023

ASX resumes fall after strong jobs numbers, Australian dollar soars on RBA rate bets

The Australian share market took a further downward tumble on Thursday, to end the day down, as traders bet on more interest rate hikes from the Reserve Bank of Australia after the unemployment rate remained steady in March. Read how it all happened.

ABC News · Apr 12, 2023

3 Stocks That Are Bad for Business Services Industry Lovers

So far, this year has been rather turbulent for the economy, with heightened recessionary concerns. Given the economic uncertainty and slowdown in the services sector, it could be wise to avoid fundamentally weak business services stocks Viad Corp (VVI), NewtekOne (NEWT), and SuperCom (SPCB). Continue reading….

StockNews.com · Apr 12, 2023

Why new grads shouldn’t fear a recession

Massive tech layoffs, bank failures and a potential U.S. recession could throw a wrench in the plans of 2023 graduates — in the same year federal student loan payments are expected to resume and accrue interest

The Independent UK · Apr 12, 2023

IMF warns Australian housing market at high risk of mortgage defaults ahead of global economic downturn

The International Monetary Fund says Australia has one of the greatest risks of mortgage defaults in the world, as it warns of a significant downturn in global economic growth for the year ahead.

ABC News · Apr 12, 2023

The Boy Who Cried RECESSION!

The famed fable of the “Boy Who Cried Wolf” has some valuable lessons for stock investors at this time. Especially true as we start to close in on 4,200 for the S&P 500 (SPY) which would officially make this a new bull market. Read on below for an updated market…

StockNews.com · Apr 11, 2023

'The situation is quite fragile': The IMF just issued its weakest outlook for the world economy in 3 decades

The IMF is worried about a “hard landing,” with sticky inflation meaning the odds of a recession have “risen sharply.”

Fortune · Apr 11, 2023

'The credit crunch has started' and it could have big recession implications

It was easy to put things on the proverbial credit card during the free money era.

Fortune · Apr 11, 2023

IMF Issues Growth Warning as it Lowers 2023 Forecast

The International Monetary Fund slightly lowered its outlook for the global economy on Tuesday, while predicting that most countries will avoid a recession this year despite economic worries and geopolitical tension. Concerns over high inflation, rising geopolitical tension and financial stability all hang over the updated forecasts, with the impact…

Asharq Al-Awsat · Apr 11, 2023