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The Latest Breaking News from Recession

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

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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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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’

The Guardian - AU

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.

International Business Times

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

The Guardian - UK

'UK recession already over', economists say

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

Evening Standard

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.

International Business Times UK

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.

Evening Standard

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

The Guardian - UK

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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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The Guardian - UK

To revive Britain from recession the next government must get growth right

Two priorities are tackling entrenched inequalities and – the biggest challenge – addressing the climate crisis

The Guardian - UK

The first step to our economic liberation is to tear up these crippling fiscal rules

How are we to get out of this recession if not through investment, investment, investment?

International Business Times

Can the US Economy Weather Global Recession Risks?

Amid recession fears in Japan and the UK, the US economy stands resilient, buoyed by strong consumer spending and pandemic relief measures.

The Guardian - UK

London fashion week celebrates its 40th birthday – but will recession cramp its style?

The city is set to be packed with celebrities this weekend as catwalks and the Baftas collide in the capital

Top News

UK Retail Sales Surge, Indicating Rapid Economic Recovery

UK shoppers increase spending, signaling potential end to recession. Retail sales rose by 5.4% in June, exceeding expectations. Reopening of stores and eas...

Evening Standard

Retail sales grow at fastest pace since 2021 in sign that ‘economy soon moving out of recession’

That comes after an extremely disappointing December in which sales fell by 3.2%.

International Business Times

Asian Markets Rally After Wall Street Highs

Asian markets rose Friday, supported by Wall Street and eurozone records, as traders shrugged off weak US retail sales and recession in Britain and Japan.

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