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Tag: Recession

Oil falls as weak US economic data stokes recession fears

Oil fell on Thursday as weak U.S. economic data raised concerns over a potential global recession and demand reduction, but benchmark prices were headed...

UK economy avoids recession

Britain's economy avoided a recession as it grew in the final months of 2022, according to official data which showed a boost to households'...

South Korea slides toward recession

South Korea's economy inched toward its first recession in three years as data on Wednesday showed its January trade deficit soared to a record...

Eurozone returns to growth after six-month crunch: data

BRUSSELS: The eurozone economy grew in January for the first time in six months, a closely watched survey showed Tuesday, raising hopes that Europe...

US banks get ready for shrinking profits and recession

US banking giants are forecast to report lower fourth quarter profits this week as lenders stockpile rainy-day funds to prepare for an economic slowdown...

Germany’s recession to be milder than expected in 2023: Ifo

Germany's recession is expected to be milder than previously predicted, Ifo said Wednesday, the first major economic institute to issue a brighter outlook for...

German business morale up despite looming recession

FRANKFURT: German business confidence improved in November, a key survey said Thursday, as hopes grow that a looming recession in Europe's top economy will...

UK economy shrinks at start of feared long recession

UK economy shrank in the three months to September at the start of what is likely to be a lengthy recession, underscoring the challenge...

Oil prices fall over 2% on recession and China COVID fears

Oil prices slid more than 2% on Tuesday, extending losses of nearly 2% in the previous session, as recession fears and a flare-up in...

World Bank warns recession risk rising amid higher interest rates

The threat of a global recession is growing as central banks focus on bringing down soaring inflation rates, the World Bank warned Thursday, calling...

Europe heading for recession as cost-of-living crisis deepens

The euro zone is almost certainly entering a recession, with surveys on Monday showing a deepening cost of living crisis and a gloomy outlook...

Oil prices increase ahead of OPEC meeting despite recession worries

Oil futures edged up less than 1% on Tuesday ahead of a meeting of OPEC+ producers this week that may not lead to a...

Opinion: In default zone

Financial crunch is now a global issue and many countries have almost reached the tipping point with strong possibilities that they will fall over...

Recession fears deepen as US economy contracts again

The US economy contracted for a second straight quarter between April and June, government data showed Thursday, adding fuel to recession fears in a...

US recession fears darken outlook for global growth

Manufacturing growth is slowing from Asia to Europe as China's COVID-19 curbs and Russia's invasion of Ukraine disrupt supply chains, while the growing risk...

Banking giant axes 35,000 jobs as profits slump

Pre-tax profits tumbled by a third to $13.3 billion (12.3 billion euros) in 2019 from a year earlier, largely owing to a $7.3-billion write-off related to its investment and commercial banking businesses

Germany is facing a recession: Ifo economist

Wohlrabe added that although the business climate improved in Germany’s struggling auto industry

US economists expect recession in 2020 or 2021: survey

A majority of economists expect a US recession in the next two years, but have pushed back the onset amid Federal Reserve actions

Downward trend in crude oil prices in Asian markets

Crude oil prices facing downward trend in the world market as Brent oil price went down by two percent to 57.66 dollars per barrel.

US recession odds jump as Trump trade wars bite

The odds of a US recession by next year have increased sharply, with mounting protectionism continuing to pose the greatest economic threat
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