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The Latest Breaking News from Recession

UK unemployment rises and wages growth falls in recession

Employers cut back on hiring new staff in three months to January as slowdown bites

The Guardian - UK

Data this week unlikely to convince Bank of England to cut interest rates soon

Good news on growth could be bad news for those hoping to see interest rate cuts

Evening Standard

Japan’s economy narrowly avoids recession as growth figures revised

Gross domestic product grows 0.4 percent amid expectations of an end to negative interest rates as soon as this month.

Al Jazeera

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What Would Cause a Bear Market Now?

We all appreciate that we are currently in a bull market with the S&P 500 (SPY) making new highs once again this week. However, it is prudent to ponder what could create a bear market as to be on the lookout. That is why Steve Reitmeister shares insights on the…

StockNews.com

Japan Q4 GDP Revision Suggests Economy Avoided Recession

Revised Japan Q4 GDP data shows positive economic performance, indicating resilience and hope for recovery.

Top News

President Biden Highlights Strong US Economy In State Of The Union

President Biden lauds US economy, contrasting with Europe's near-recession and China's challenges. Public perception vs. reality.

Top News

Mr Bates wins plaudits for ITV but ad market 'in recession'

A tough advertising market saw profits plunge at ITV this year with CEO Carolyn McCall pledging to “reshape” the cost base of the broadcaster behind Coronation Street and Love Island.

Evening Standard

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Australia’s economy has slowed to a halt. It’s time for the Reserve Bank to take its foot off the brake

The country ended 2023 teetering on the brink of recession, with essentially only population growth keeping things going

The Guardian - AU

Budget in five charts: what will underpin Jeremy Hunt’s statement?

Falling inflation and so-called fiscal headroom will guide a chancellor keen to heed calls from Tories for tax cuts

The Guardian - UK

Australia's Q4 Current Account Surplus Surges, Reducing Recession Risk

Australia's economy receives a boost with a surge in current account surplus, offering hope for recovery and growth amidst global uncertainties.

Top News

OPINION - Jeremy Hunt can learn more from London Fashion Week than style tips

Last month we celebrated the 40th anniversary of London Fashion Week. With a technical recession just declared, Chancellor Jeremy Hunt may have had other things on his mind — but he should take notice, and not just for style tips.

Evening Standard

What Is a Soft Landing?

A soft landing starts with the Fed and is achieved if the central bank brings inflation down without pushing the economy into a recession.

Kiplinger

Stocks Could Remain Strong (Fingers Crossed) Throughout 2024

Reasons for optimism: The worst of inflation appears to be behind us, the Fed could start cutting rates, and it seems we’ll avoid a hard landing or recession.

Kiplinger

British Airways owner’s annual profits soar to £2.3bn on leisure boom

IAG says demand has remained robust despite UK recession, with capacity close to pre-Covid levels

The Guardian - UK

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The Guardian - AU

Jim Chalmers to push for incentives for sustainable mining amid concerns over Australian nickel

Speaking at the G20 in Brazil, treasurer will also warn that Australia easing into lower inflation without a recession is ‘not assured’

International Business Times

UK 'Net Zero' Economy Bucks Recession: Study

Britain's green economy grew in 2023 to buck a broader recession, a report showed Tuesday that urged politicians heading into a general election to stick by climate-friendly investments.

The Guardian - UK

Digested week: Recession, a shabby state of affairs – and a wait after a fall

A trip to A&E and more awards for actors while MPs struggled to hold an adult debate on Gaza

Evening Standard

'UK recession already over', economists say

The recession appears set to be the shortest one possible, and among the shallowest on record

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International Business Times UK

What Does UK Entering Recession After Steeper-Than-Expected Fall In GDP Mean For Brits

While recessions of the past, notably during the global financial crisis of 2008-2009, were protracted and severe, indications suggest that this downturn may be milder and short-lived.

Evening Standard

OPINION - Just a light recession – Bank of England boss is bullish on economic recovery

Well, that was quick. Bank of England governor Andrew Bailey appeared in front of Parliament today and declared, if not quite that happy days are here again, then that the recession isn't all that bad and might, in fact, already be over.

The Guardian - UK

UK shows signs of recovery from mild recession, says Bank of England

Bank’s governor predicts Britain’s economy will receive a boost when interest rates start to fall later this year

Evening Standard

UK economy bounces back with 'signs of upturn' after 'very weak' recession, says Bank of England chief

Britain’s economy is already showing “distinct signs of an upturn” after slipping into recession at the end of last year, the Bank of England’s governor said on Tuesday.

Top News

Germany in recession as per Bundesbank forecast

The Bundesbank suggests that Germany may be entering a recession, signaling potential economic challenges ahead.

The Guardian - UK

Bank of England ‘risks worsening UK recession if no interest rate cuts soon’

Former chief economist Andy Haldane says keeping rates high could ‘crush the economy’

The Guardian - UK

EU opens formal investigation into TikTok; Bank of England ‘could worsen recession’ without interest rate cuts soon – as it happened

The European Union to investigate if TikTok breached online content rules aimed at protecting children, as Andy Haldane urges central bank to consider interest-rate cuts

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