The Latest Breaking News on Economy grows, even as U.S. braces for recession

Experts say downturn will not necessarily last longer than previous forecasts

EY said that while the recession might cut deeper than it thought earlier, it will not necessarily last longer than the previous forecast.

Deloitte Access Economics warns Australia could fall into a recession if the central bank lifts interest rates again, with households already hurting.

There was plenty in the December meeting board minutes to justify doing nothing on interests rates in February.

City Voices: Economic news has lately been good -- but brace yourselves

Andrew Bailey said lower energy prices will help drive down inflation in coming months

Central Bank chief hints that interest rates may peak at 4.5%

Bank of England survey shows lenders expect steep rise in borrowers failing to make monthly repayments

Andrew Bailey has been on an official visit to South Wales

Pensions, mortgages and food shopping will also be affected by the December inflation figure.

Although inflation moderated for the sixth consecutive month in December, a recession is still likely as the Fed is expected to keep raising rates this year. Amid an uncertain economic backdrop, fundamentally strong and popular stocks on Wall Street, Microsoft (MSFT), Pfizer (PFE), and AT&T (T), could make ideal additions…