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The Latest Breaking News from Recession

Irish Government 'can't rule out' possibility of recession next year

Minister McGrath said the Government was “very open” about the risks facing the Irish economy when the Budget was announced on September 27.

Irish Mirror

The Guardian view on mass unemployment: inflation will drop without this pain

Editorial: Policymakers are wrong to think rising joblessness and a recession are a price worth paying

The Guardian - UK

Rate of unemployment in the UK has risen to 3.6%

The biggest driver behind the fall came from hospitality, followed by retailing and wholesaling

Wales Online

From analysis to the latest developments in health,
read the most diverse news in one place.

UK unemployment rises to 3.6 per cent as recession looms

Half a million working days were lost to strikes in August and September, the ONS said

The Independent UK

3 EV Stocks to Pick Up During the Bear Market

Recessions and bear markets are great opportunities to buy top stocks at a discount. Over the next decade, some of the best-performing stocks will emerge from the EV industry. Read more to find out why investors should watch BYD (BYDDY), NXP Semiconductors (NXPI), and Sociedad Y Quimica (SQM).

StockNews.com

3 Dividend Stocks to Buy to Help Soothe Some of Your Pain

Although inflation eased slightly last month, the Fed has indicated that the final level of interest rates could be higher than expected. With further interest rate hikes and the possibility of a recession expected to keep the market under pressure, it could be wise to buy dividend-paying stocks Pfizer (PFE),…

StockNews.com

4 Overrated Stocks to Avoid Like the Plague

Once investor favorites DoorDash (DASH), Teladoc Health (TDOC), SoFi Technologies (SOFI), and ContextLogic (WISH) have fallen significantly due to their poor fundamentals and growth prospects amid the Fed’s aggressive interest rate hikes this year. With lingering recession fears, these stocks are expected to tumble further. Thus, it could be wise…

StockNews.com

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Recession odds are up to 65% — here’s how a downturn could affect you

Recessions are more than just a slowing economy, volatile stock market and a bad spell of data. Behind the numbers and jargon are real people — and real livelihoods at stake.

Tribune News Service

UK to be first G7 nation to fall into recession and last to get out - economists

The scale of the UK’s economic crisis was laid bare by a warning from economists

Evening Standard

Sturgeon ‘profoundly concerned’ ahead of autumn budget

The Chancellor warned he will make 'eye-watering' decisions, as the UK teeters on the brink of a long recession

Insider UK

Monday briefing: The UK has slumped into recession once more – how will Sunak and Hunt respond?

In today’s newsletter: Days before the Chancellor’s budget on Thursday, the government has an energy crisis, rising poverty and strikes to handle – and it could get worse

The Guardian - UK

‘Recessionary fears’ among South West firms set in amid uncertainty

A survey for NatWest has uncovered one of the weakest business performances for the region since the global financial crisis in March 2009

Birmingham Post

Deutsche Bank forecasts Australia will enter a recession in 2023, following an expected rise in unemployment

Deutsche Bank expects Australia's unemployment rate to spike to 4.5 per cent by the end of 2023, leading to a recession under the investment bank's definition.

ABC News

Contractions in new business and output soften in October - report

Survey participants mentioned reduced spending at clients amid recession fears and financial difficulties

Birmingham Post

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Birmingham Post

Economy contracted in October in Yorkshire and Humber

Region one of the last to see activity shrink as concerns over recession emerge

The Independent UK

Business activity slumps further amid threat of recession, report shows

The Bank of Scotland Business Activity Index also blamed high inflation for the fall in October.

Bangkok Post

A summit for who?

This week, the leaders of Asia-Pacific Economic Cooperation (Apec) nations will meet in Bangkok. This year's summit is crucial, as it takes place amid increasing geopolitical temperatures as well as the growing risk of a global recession.

The Guardian - UK

What does the autumn statement have in store? A poison pill for Labour

Spending cuts and tax rises will deepen the recession so the pain will be deferred until 2025 and a likely Starmer government

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The Independent UK

Tax rises for everyone and big hikes to energy bills in Jeremy Hunt’s mini-Budget

Chancellor’s aim is to bring down inflation and make recession ‘as short and shallow as possible’

Dynamite News

UK Economy: A crisis in the making for some time, with India trade deal offering hope

It has been anything but a smooth ride for the Rishi Sunak led UK government, with the latest official data released this week reflecting a shrinking economy and a looming two-year-long recession. Read more on Dynamite News:

Daily Mirror

Jeremy Hunt warns he's Scrooge and will make 'horrible decisions' to save Christmas

Chancellor Jeremy Hunt says he'll make some tough calls on tax and spending in a bid to get a hold on inflation to prevent recession which he blames on Russia

Daily Mirror

One in three would run out of money within months if recession makes income dry up

Chancellor Jeremy Hunt threatens to create a million unemployed by clobbering businesses with tax rises in Thursday’s Budget

Fortune

3 ways to tell if you're about to be laid off

Worried about a recession or layoffs? Experts suggest taking these steps to know if your company is next on the chopping block.

Daily Mirror

Austerity 2? No, thank you! Jeremy Hunt warns about another brutal era of cuts in Budget

Another three months of falling growth would mean a recession, with the Bank of England warning it could be the longest downturn for a century

Evening Standard

The Leader podcast: Kwarsi Kwarteng ‘ghosts’ Liz Truss - and recession panic

Sacked ex-Chancellor pops up before autumn Budget, plus bleak ONS data

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