The Latest Breaking News from Recession

The Guardian view on Rishi Sunak’s message: workers’ doom loop, wealth’s boom loop

Editorial: Workers should not be paying for a recession that they did not cause

The Guardian - UK · Feb 3, 2023

US payrolls surprise with surge as jobless rate hits 53-year low

The U.S. labor market burned red-hot in January as hiring unexpectedly surged and unemployment fell to a 53-year low, defying recession forecasts and adding pressure on the Federal Reserve to keep raising interest rates.

Tribune News Service · Feb 3, 2023

3 Smart Stocks to Buy for a Potential Recession

Despite the cooling inflation, the Fed is not expected to cut rates in 2023 as it is committed to achieving its 2% inflation target. Continued rate hikes, albeit at a lower rate, could potentially push the economy into a recession this year. Amid lingering recession fears, it could be wise…

StockNews.com · Feb 3, 2023

These 3 Dividend Stocks Are Worth Investing In

While the better-than-expected GDP growth in the last quarter and declining inflationary pressures are raising optimism, macro uncertainties remain. With interest rate hikes expected to continue, recession possibilities cannot be ruled out. Therefore, fundamentally sound dividend-paying stocks, AbbVie (ABBV), Gilead Sciences (GILD), and Sisecam Resources (SIRE), could be worth investing…

StockNews.com · Feb 2, 2023

Bank raises rates to 4% – recession to be shorter and shallower

In a move in line with City forecasts, the Bank of England has raised interest rates by 50 basis points to 4 per cent, the highest level since October 2008.

Evening Standard · Feb 2, 2023

UK heading for recession - but won't be as bad as expected, says Bank of England

The Bank of England warned that an economic slump is looming but it will be shorter and shallower than predicted thanks to falling energy prices and inflation starting to ease

Daily Mirror · Feb 2, 2023

Interest rates rise again but Bank of England hints at a brighter future

Threadneedle Street is still expecting a recession but it is likely to be a mild one by UK standards

The Guardian - UK · Feb 2, 2023

Recession will be shallower and shorter than predicted, says Bank of England

The Bank of England now expects a shallower and shorter recession this year than it predicted in November - although GDP will still not return to peak levels until 2026.

Evening Standard · Feb 2, 2023

Bank of England hikes interest rates to 4% but expects shallower recession

Decision makers on the Bank’s Monetary Policy Committee (MPC) opted to hike the base rate from 3.5% to 4%.

The Independent UK · Feb 2, 2023

The Bank of England has raised interest rates to 4%

It means mortgages and other debt will become more expensive for millions of people

Wales Online · Feb 2, 2023