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All Stories: Recession

New Zealand sinks into recession, more rate cuts coming

New Zealand's economy sank into recession in the third quarter as activity dived far more sharply than expected and output in the prior quarter...

UK economy exits recession ahead of election

Britain exited a shallow recession with better-than-expected growth in the first quarter, official data showed Friday, in a boost to embattled Prime Minister Rishi...

Japan unexpectedly slips into recession

Japan unexpectedly slipped into a recession at the end of last year, losing its title as the world's third-biggest economy to Germany and...

Germany: Recession on cards for Q1

Germany's economy shrank in the final three months of 2023, the statistics office said on Tuesday, with economists increasingly warning of another technical recession...

UK recession might be under way

LONDON: UK's economy might be in a recession, according to data that showed it shrank between July and September, shortly after finance minister Jeremy...

New Zealand dips into recession, putting rate hikes in doubt

WELLINGTON: New Zealand slipped into recession as the economy shrank in the first quarter, data showed on Thursday, reducing the risk the central bank...

Oil falls as weak US economic data stokes recession fears

Oil fell on Thursday as weak U.S. economic data raised concerns over a potential global recession and demand reduction, but benchmark prices were headed...

UK economy avoids recession

Britain's economy avoided a recession as it grew in the final months of 2022, according to official data which showed a boost to households'...

South Korea slides toward recession

South Korea's economy inched toward its first recession in three years as data on Wednesday showed its January trade deficit soared to a record...

Eurozone returns to growth after six-month crunch: data

BRUSSELS: The eurozone economy grew in January for the first time in six months, a closely watched survey showed Tuesday, raising hopes that Europe...

US banks get ready for shrinking profits and recession

US banking giants are forecast to report lower fourth quarter profits this week as lenders stockpile rainy-day funds to prepare for an economic slowdown...

Germany’s recession to be milder than expected in 2023: Ifo

Germany's recession is expected to be milder than previously predicted, Ifo said Wednesday, the first major economic institute to issue a brighter outlook for...

German business morale up despite looming recession

FRANKFURT: German business confidence improved in November, a key survey said Thursday, as hopes grow that a looming recession in Europe's top economy will...

UK economy shrinks at start of feared long recession

UK economy shrank in the three months to September at the start of what is likely to be a lengthy recession, underscoring the challenge...

Oil prices fall over 2% on recession and China COVID fears

Oil prices slid more than 2% on Tuesday, extending losses of nearly 2% in the previous session, as recession fears and a flare-up in...

World Bank warns recession risk rising amid higher interest rates

The threat of a global recession is growing as central banks focus on bringing down soaring inflation rates, the World Bank warned Thursday, calling...

Europe heading for recession as cost-of-living crisis deepens

The euro zone is almost certainly entering a recession, with surveys on Monday showing a deepening cost of living crisis and a gloomy outlook...

Oil prices increase ahead of OPEC meeting despite recession worries

Oil futures edged up less than 1% on Tuesday ahead of a meeting of OPEC+ producers this week that may not lead to a...

Opinion: In default zone

Financial crunch is now a global issue and many countries have almost reached the tipping point with strong possibilities that they will fall over...

Recession fears deepen as US economy contracts again

The US economy contracted for a second straight quarter between April and June, government data showed Thursday, adding fuel to recession fears in a...
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