Bitcoin recovers amid softer US inflation
Bitcoin rose 1.8 per cent to $83,511.6 on Thursday, recovering further from recent losses as softer-than-expected…
Browsing Tag
recession
German economy faces 3rd year of recession in ’25 – DIHK
Germany is set to face its third consecutive year of recession in 2025, according to the latest economic survey by…
ECB aims for balanced rate cuts in 2025 – Lane
The European Central Bank (ECB) is poised to ease monetary policy further this year but must tread carefully to…
Trump’s tariff plans could cut German GDP by 1% – Bundesbank Chief
Bundesbank President Joachim Nagel cautioned that potential US trade tariffs under President-elect Donald Trump…
Swedish economy falls into recession
Sweden’s economy entered a technical recession in Q3, as GDP fell 0.1 per cent from the previous quarter, according…
IMF calls for German structural reforms, public sector investments
Germany must implement structural reforms and boost public sector investment to tackle recession, according to…
UK economy approaches soft landing post recession – IMF
The UK economy is nearing a soft landing, with growth recovering faster than anticipated following a mild technical…
Eurozone’s Q1 growth exceeds forecasts post-recession
The eurozone economy has demonstrated stronger than anticipated growth in the first quarter of 2024, according to…
Britain’s economy slips into mild recession last year
Britain's economy slipped into a mild recession last year, according to official data, posing a challenge for Prime…
Argentina slashes benchmark rates to 80%
Argentina’s central bank has reduced its benchmark interest rate from 100 per cent to 80 per cent, which aligns…
Australia’s recession deepens despite growth
Australia’s economy experienced a slowdown in the last quarter of the previous year, with a deepening per capita…
UK’s slips into tech recession in Q4 ’23,
UK’s economy experienced a recession in the second half of 2023, presenting a formidable challenge for Prime…
Japan slips into recession
Japan unexpectedly fell into a recession at the end of 2023, losing its position as the world's third-largest…
Eurostat: Euro Zone’s Q4 sees muted growth
Euro zone economic growth remained stagnant in the final quarter of 2023 compared to the preceding quarter and saw…
Global PMI ends ’23 up, divergences persist
The Global PMI ended high in December to close the year on a brighter note, S&P Global wrote in a report on…
Germany GDP contracts for the second consecutive quarter
The Federal Statistical Office showed on Thursday that Germany’s GDP fell by 0.3 percent, marking the second…
U.S. unemployment claims rise
U.S. Labor Department reported on Thursday applications for unemployment benefits increased by 5,000 last week.
Bank of England unveils largest interest rate hike in 27 years
The Bank of England has on Thursday raised interest rates by 50 basis points, its largest single increase since…
EBRD: Egypt only economy likely to escape coronavirus-linked recession in 2020
Egypt is the only economy across all of the European Bank for Reconstruction and Development’s (EBRD) regions to…
Japan’s economy slips into recession for first time in more than four years – data
Japan’s economy slipped into recession for the first time in more than four years, Reuters reported, citing…
Capital Economics gloomily sees Egypt in worst recession since 1954 due to coronavirus
Egypt could be plunged this year into its worst economic recession since 1954 due to the novel coronavirus…
U.S. stocks slightly lower at opening as coronavirus response falls short
U.S. stocks dipped at opening on Thursday as a new round of sweeping emergency action from policymakers worldwide…
Global economy ‘far’ from recession despite trade tensions – IMF
Trade tensions are weighing on growth across the world, yet the International Monetary Fund is “far” from…
Trump, US officials dismiss recession fears, defend trade war
U.S. President Donald Trump and top White House officials dismissed concerns that economic growth may be…
Fed may not have enough firepower to avoid a recession
U.S. President Donald Trump urged the Federal Reserve to help head off a feared economic recession, but it’s not…
Gulf shares mostly dip after holiday on recession fears
Most Gulf markets traded on Wednesday after a three-day Eid holiday, while Saudi Arabia and Oman’s bourses will…
Recession is spreading across German industrial sector – Ifo economist
Germany’s economy should see slight growth in the second half of the year, but recession is spreading across its…
U.S. economy seen a ‘mild’ recession by 2020, EU investor says
The U.S. economy could experience a “mild” recession by next year even as the Federal Reserve is seen as…
Markets in Europe close lower amid growing recession fears
Markets in Europe closed lower on Monday, amid rising fears of an impending U.S. recession and fresh uncertainty…
European shares slip amid growing recession concerns
European shares dropped on Monday morning, amid rising fears of an impending recession in the United States.
South Africa enters recession for the first time since 2009
South Africa entered recession in the second quarter for the first time since 2009, data revealed on Tuesday, in a…
Brexit strongly affect U.K. economy as recession risk increases
The U.K.’s decision to leave the European Union inflicted an immediate blow on the economy as business activity…
Asian shares hover near eight-month peak on BoE rate cut hope
Asian shares hovered near eight-month highs on Thursday as investors bet the Bank of England will cut interest…
Brexit to lead UK to face inflation, recession risks- ECB’s Villeroy
Britain will face two key challenges, inflation and recession, after Britons voted to leave the European Union, or…
Brexit market shock may push world into recession, an economist says
Friday's hefty global equity losses may push the world economy into a contraction, the chief economist of an…
Brexit market shock may push world into recession, an economist says
Friday's hefty global equity losses may push the world economy into a contraction, the chief economist of an…
Elections 2016: Trump predicts ‘very massive recession’ in U.S.
Republican presidential front-runner Donald Trump predicted that the United States is on course for a "very massive…
US exports drop in 2015 for first time since recession
The U.S. trade deficit rose in December as American exports fell for a third straight month, reflecting the…
Japan export growth slows sharply, raising fears of recession
Japan's annual export growth slowed to a crawl in September as shrinking sales to China hurt the volume of…
Russian central bank makes surprise interest rate cut
Russia's central bank unexpectedly cut its main interest rate on Friday as fears of recession mount in the country…