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The Latest Breaking News from Recession

UK Economy Entered Technical Recession In Q4 Of 2023

All three major economic sectors contracted in the fourth quarter: Services (-0.2%), production (-1%), and construction (-1.3%). This resulted in an overall GDP growth of only 0.1% for the entire 2023.

International Business Times

Even a technical recession is a headache for Rishi Sunak

Governments try to generate a feelgood factor before an election. The UK has the opposite: a feel-bad factor

The Guardian - UK

UK economy slips into recession, official data shows

GDP shrank by 0.3 percent in the last three months of 2023, after contracting 0.1 percent in the third quarter.

Al Jazeera

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FTSE 100 Live 15 February: ‘Low growth not a surprise’, says Hunt, as UK falls into recession

The UK economy finished last year in recession after GDP declined by a bigger-than-expected 0.3% in the fourth quarter.

Evening Standard

'Rishi's recession': Blow to Sunak's key election pledge as Britain slips into negative growth

GDP fell by a worse than expected 0.3% in the last three months of 2023

Evening Standard

UK tips into recession in blow to Rishi Sunak

GDP fell 0.3% in three months to December after collapse in retail sales in run-up to Christmas

The Guardian - UK

Rishi Sunak’s promise to grow the economy ‘in tatters’ as UK enters technical recession – as it happened

UK economy shrank by 0.3% in October-December, worse than expected, putting country into a technical recession in a blow to the PM

The Guardian - UK

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Japan loses crown as world’s third-largest economy after it slips into recession

Fall in rank below Germany has been attributed to a weak yen and country’s ageing, shrinking population

The Guardian - AU

Japan's Economy Slides into Recession, Germany Now Third-Largest Global Economy

Japan's economy unexpectedly slips into recession, leading to Germany becoming the world's third-largest economy. Find out more about this significant econ...

Top News

What Is Behind The US Economy's Surprising Strength?

The US has seen GDP growth blow past predictions, hiring numbers surge unexpectedly and consumers still spending even as interest rates climbed -- deftly averting a dreaded recession in 2023.

International Business Times

This week’s recession call will be about politics. To the public, the economy’s grim either way

City Comment: For Sunak and Hunt, an official declaration of recession, however shallow, is yet another dent to their claims on the economy

Evening Standard

UK ended 2023 in recession, economists project, but decision on knife edge before official figures

If the UK did enter a technical recession, it looks set to be the shallowest one in history

Evening Standard

Business Economists Expect External Shocks, Inflation Increase in 2024

Business economists and analysts expect a low chance of a recession in the US this year, with concerns instead focused on external shocks and inflation sur...

Top News

Recession verdict for UK economy will be no laughing matter for Hunt and Sunak

Figures on GDP, wages and inflation this week are set to offer Labour plenty of scope for criticising Tories’ economic competence

The Guardian - UK

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Evening Standard

The UK economy could already be in recession – we’ll find out tomorrow

City braced for verdict on recession as D-day for economic data looms

Evening Standard

UK recession is a real risk — but ‘soft landing’ is more likely

City Voices: 2024 is probably going to be a year of recovery with bumps along the way. The question is how big the bumps are

Evening Standard

As high interest rates lead to home repossessions, London will be hit hardest

City Comment: Along with unemployment, home repossession is probably the most distressing symptom of recession.

Top News

Bitcoin and major cryptocurrencies surge as US debt sparks recession fears

Learn about the influence of Federal Reserve Chair Jerome Powell's warnings on the U.S. debt pile and its potential impact on cryptocurrencies like Bitcoin...

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Top News

Deutsche Bank drops forecast for 2024 US recession

Deutsche Bank's latest update reveals that the possibility of a U.S. recession in 2024 has been ruled out, providing a positive outlook for the country's e...

International Business Times

Economists Pilloried For Getting Forecasts Wrong

Economists are taking flak after missing the mark on inflation, failing to anticipate disruptions in global supply chains and forecasting a recession that has not materialised.

Top News

Black Swans: Unpredictable Events That Shape Our Lives, Explained

Discover the impact of Black Swan events like the Great Recession and COVID-19 on our lives. Unveil their power to reshape the course of history.

Top News

Euro stabilizes as Eurozone avoids recession, dollar eases before Fed

The euro stabilizes amidst Europe's avoidance of recession, while the dollar weakens ahead of the Federal Reserve's decision, impacting global forex markets.

International Business Times

Eurozone Narrowly Dodges Recession

The eurozone economy narrowly avoided a technical recession in the second half of 2023 but stagnated in the final three months of the year, official data showed Tuesday.

The Guardian - UK

Eurozone narrowly avoids recession as German economy shrinks

Single currency zone’s stagnating GDP figure will add to pressure for ECB interest rate cut

The Guardian - UK

IMF warns Hunt against tax cuts; eurozone avoids recession – as it happened

Rolling coverage of the latest economic and financial news, as the eurozone stagnates in the final quarter of 2023

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