The Latest Breaking News from Recession

A THIRD of the world economy will be in recession in 2023, the head of the International Monetary Fund (IMF) has warned.

European shares rose in the first trading session of 2023 on Monday as euro zone manufacturing data suggested the worst had passed after a year marred by fears of a recession as central banks hiked rates globally. The pan-regional STOXX 600 rose 0.8%, supported by consumer discretionary stocks.

IMF Managing Director Kristalina Georgieva says one-third of world’s economies expected to be in recession this year.

Britain’s recession, however, will be relatively mild, although such forecasting is a mug’s game

Singer and guitarist Robin Campbell has hit out at the Conservative Government, claiming the country is in the same bad state it was when the band formed decades ago

Central banks across the world have simultaneously hiked interest rates to tame runaway inflation in 2022. Yet the trajectory of interest-rate increases and other policy actions may not be sufficient to bring global inflation back down to levels seen before the pandemic.

The door is now shut on 2022 and the S&P 500 (SPY) faltered again to put an exclamation point on the bearish year. That is the past. Now let’s discuss the future including the best and worst case scenario for stocks in 2023. 40 year investment veteran Steve Reitmeister weighs…

The biotech industry is expected to thrive amid the increasing medical requirements and greater investments in research and development. Moreover, investor sentiment toward biotech stocks has dramatically improved in recent months as the recession possibilities are rising. As this sector is known to provide a hedge against market downturns, investors…

The stock market has been under pressure this year thanks to the Fed’s consistent interest rate hikes and fears of a recession. However, given the market’s downtrend, we think this could be the right time to load up on fundamentally strong stocks Yext (YEXT), Overseas Shipholding (OSG), and ARC Document…

Investors found few, if any, places to safely put their money in 2022, as central banks in the U.S. and around the globe raised interest rates for the first time in years to fight surging inflation, stoking fear of a global recession

As the Fed’s intention to keep raising interest rates next year is raising recession fears, it could be wise to invest in industries that stay resilient to economic downturns because of inelastic demand for products and services. Therefore, consumer staples stocks Colgate-Palmolive (CL), Ennis (EBF), and Mannatech (MTEX) could be…