Search result for RECESSION
Fed Minutes predict a 'soon' slowdown in interest rate hikes and a 'likely' recession in 2023
According to meeting minutes disclosed Wednesday, Federal Reserve officials agreed in November that they would need to halt the pace of interest rate rises shortly.
While noting that inflation had not yet showed significant indications of abating, the minutes stated that "a strong ...
Economic Indicators Are Declining, Suggesting a Recession
According to the Conference Board, a gauge of the American economy's potential decline continued in August, with the majority of its components falling into the negative region.
Following a 0.5% decline in July, the business organization's primary economic index decreased by 0.3...
U.S. GDP PLUNGES 31.4 PERCENT IN SECOND QUARTER
Highlights
• According to the Commerce Department, the US gross domestic product (GDP) plunged at a 31.4 percent annualized rate last quarter (April-June quarter), 0.3 percent less than what was predicted a month back
• As per the economists, the US economy is likely...
EXPERTS HINT TOWARDS THE POSSIBILITY OF A DOUBLE-DIP IN THE US ECONOMY
Highlights
- The initial US jobless claims point towards the same
- The U.S. economy needs greater fiscal support
For the US economy, many experts and economists have raised concerns. It is regarding the possibility of a double-dip rece...
SCOTLAND IS UNITED KINGDOM’S MOST RECESSION-PROOF MARKET
Highlights:
- Scotland has become the leading country in the United Kingdom’s most Recession-Proof home market
- Several homes in some of the most scenic terrain of Scotland saw increase in the value of homes as United Kingdom slipped into recession...
ED YARDENI: WEEKLY INDICATORS SUGGEST A REBOUND IN REVENUES
Highlights
- Indicators like retail sales etc. has been strong
- The retail giants like Home Depot, Walmart have reported sales gains
Ed Yardeni said that markets could observe a rebound in revenues. It was affected severely by the pande...
NABE SURVEY: THE ECONOMY COULD OBSERVE A DOUBLE-DIP RECESSION
Highlights
- Fed’s stimulus efforts were acknowledged
- Congress’s response to the recession was debated
The National Association for Business Economics surveyed economists. According to a m...
MOON JAE-IN: ALL MEASURES WILL BE TAKEN TO RECOVER SOUTH KOREA’S RECESSION-HIT ECONOMY
Highlights:
- South Korea President Moon Jae-in announced on Monday that the government will use every possible measure to revive South Korea’s recession-hit economy in the third quarter (Q3).
- Asia’s fourth-largest economy has been in ...
CABINET OFFICE OF JAPAN TO DECLARE THAT THE COUNTRY HAS ENTERED INTO RECESSION
Highlights –
- Cabinet Office of Japan to declare that the country has entered into recession.
- This ends the economic expansion that lasted for 71 months.
- In December 2012, the latest streak of economic growth began.
- The cor...
SOUTH KOREA STOCK MARKET SLUMP ON RECESSION WORRIES
Highlights:
- The South Korea stock market has plummeted after data indicate that the country has fallen into recession in the second quarter.
- The benchmark KOSPI has fallen by 15.94 points which is equivalent to 0.72% and stood at 2,212.72.
- ...
SOUTH KOREA FALLEN INTO RECESSION AS EXPORTS SLUMP
Highlights:
- South Korea’s Gross Domestic Product (GDP) has plummeted worse-than-expected i.e. 2.9% in year-on-year terms.
- Exports, which account for 40% of the economy has experienced the largest fall since 1963.
- The government of Sou...
GERMAN INDUSTRIAL SECTOR SEES A STEADY RISE
Highlights –
- The German industrial sector sees a steady rise.
- Orders for industrial goods rose by 10.4% in May.
- Domestic orders rose by 12.3% and abroad up by 8.8%.
- However, the government expects the economy to shrink by ...
MACHINERY ORDERS AND WHOLSALE PRICES SINK DUE TO LOW BUSINESS
HIGHLIGHTS
- Coronavirus crisis caused many businesses to stop their operations.
- As revenue reduced, business spending had to reduce due to decreasing purchasing powers of businessmen.
- Machinery orders as well as wholesale prices are rapidly ...
THE UK's GDP SLUMPS 20.4 PERCENT IN APRIL COURTESY OF COVID-19 LOCKDOWN
Highlights
• April was the first month, when the UK saw complete lockdown with almost no economic activity
• Post-COVID, social distancing and no-deal Brexit complications will impact the country’s pace of economic recovery
• According to the OEC...
CORONAVIRUS PANDEMIC WILL CAUSE THE WORST RECESSION, OECD WARNS
Highlights
- Business activity has observed a steep decline due to strict lockdowns and travel restrictions
- The effects will be long-lasting, recovery will be slow
The Organization for Economic Cooperation and Development (...
RECESSION STRIKES IN AUSTRALIA AFTER ALMOST 30 YEARS
HIGHLIGHTS
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Australia hit by the recession
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June quarter reports will brief about the severity
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Lockdown upliftment will open up ways for economy boost
Australia is hit by Co...
CHINA MAY KILL MARKET’S RECOVERY
Highlights:
- China proposed a new security law for Hong Kong that will outlaw subversion, sedition, and foreign interference indicating that China has control over a financial hub that is famous in other parts of the world because of its quasi-independence and ru...
INDIA’S WORST EVER RECESSION SINCE INDEPENDENCE IS HERE SAYS CRISIL
There is no point in hiding that the India’s crippling economy was devastated by the coronavirus pandemic. Majority of the businesses and industries remained closed since two months due to nationwide lockdown imposed to curb the spread of virus. Though the Central government has eased lockd...
JAPAN ECONOMY ENTERS RECESSION, WORST AWAITS
Highlights
- Private consumption fell by 0.7%.
- Exports shrank 6%.
In the first quarter, Japan’s economic growth plunged into recession. The corona virus pandemic squelched production, exports, and spe...
FED RESERVE CHAIRMAN: THE US ECONOMIC RECOVERY FROM COVID – 19 COULD STRETCH THROUGH NEXT YEAR END
Highlights
- The COVID – 19 pandemic has brought the US economy into a recession
- Fed Chief states that it will rebound but the recovery could stretch through the end of next year.
Due...