Jamie Dimon: U.S. Recession Still on the Table
The pound moved closer to a three-year high as US recession fears grow
The pound moved closer to a three-year high against the dollar on Thursday, as mounting concerns over a potential U.S. recession weighed on the greenback.
BlackRock CEO Warns US May Already Be in Recession Amid Escalating Trade War
The head of BlackRock, the world’s largest asset manager, has warned that the US may already be in a recession as trade tensions with China intensify.
UK may already be in recession, warns shadow business secretary
Britain could already be experiencing a recession, according to Shadow Business Secretary Andrew Griffith, who criticizes Rachel Reeves for steering the economy in the wrong direction.
The UK is poised to emerge from recession with its economy experiencing growth.
In the first month of the year, Britain’s economy showed expansion, signalling an end to the recession that concluded in 2023.
German industrial recession worsens significantly in recent downturn.
German industrial production experienced a continuous decline for the seventh month in a row, as per the latest official statistics, marking the most extended period of downturn since the early
German Exporters Experience Their Worst January Since 2009
German exporters are experiencing their most challenging January since 2009, grappling with the combined impact of the energy crisis, rising interest rates, and China’s economic slowdown, which are heavily impacting
Germany ‘mired in recession’ as business prospects dim
Germany remains “entrenched in recession” as business sentiment deteriorates further, continuing its decline for a second consecutive month, according to a recent survey.
Property values in Germany plunge as the housing market bubble collapses.
In the third quarter, Germany witnessed a record decline of 10.2% in house prices, marking a significant downturn in Europe’s largest economy post-pandemic.
UK at risk of recession as growth revised down
Official statistics indicate that the UK is on the brink of a recession, as revised figures show a downturn in economic performance.
The U.S. economy has expanded at its most rapid rate in two years
The U.S. economy experienced its most rapid expansion in nearly two years during the quarter leading up to September, propelled by a surge in consumer spending.
UK – IMF cautions that tax increases are essential to curb growing debt.
The International Monetary Fund (IMF) has advised governments to either increase taxes or reduce expenditures to prevent debt from escalating uncontrollably, especially in an environment of high-interest rates.