The Latest Breaking News from Recession

Editorial: Workers should not be paying for a recession that they did not cause

The U.S. labor market burned red-hot in January as hiring unexpectedly surged and unemployment fell to a 53-year low, defying recession forecasts and adding pressure on the Federal Reserve to keep raising interest rates.

Generous incentives have supported business investment in recent years but further interest rate rises could "unnecessarily" tip Australia into recession.

While the better-than-expected GDP growth in the last quarter and declining inflationary pressures are raising optimism, macro uncertainties remain. With interest rate hikes expected to continue, recession possibilities cannot be ruled out. Therefore, fundamentally sound dividend-paying stocks, AbbVie (ABBV), Gilead Sciences (GILD), and Sisecam Resources (SIRE), could be worth investing…

In a move in line with City forecasts, the Bank of England has raised interest rates by 50 basis points to 4 per cent, the highest level since October 2008.

We can avoid a recession if companies invest wisely in their future; our mood will be the crucial determinant.

The Bank of England warned that an economic slump is looming but it will be shorter and shallower than predicted thanks to falling energy prices and inflation starting to ease

Threadneedle Street is still expecting a recession but it is likely to be a mild one by UK standards

The Bank of England now expects a shallower and shorter recession this year than it predicted in November - although GDP will still not return to peak levels until 2026.