Top Wall Street Economist Delivers Grim Prediction On Future Recession
Top Wall Street Economist Delivers Grim Prediction On Future Recession Harold Hutchison on February 15, 2024 Andrew Hollenhorst, chief U.S. economist at Citi, predicted on CNBC Thursday that the American economy is…
NZ faces ‘shallow’ recession as rates need to rise more – senior central banker
By Stella Qiu SYDNEY (Reuters) – New Zealand is likely facing a “shallow” recession as interest rates need to rise further to tame inflation, a top central banker said on Monday, suggesting…
German downturn eases in Nov, bringing hope for milder recession -flash PMI
BERLIN (Reuters) – The downturn in German economic activity eased in November, a preliminary survey showed on Wednesday, as firms saw price pressures retreat from recent highs, offering hope that an expected…
ECB set to raise deposit rate 50 bps as euro zone enters recession -economists: Reuters poll
By Jonathan Cable LONDON (Reuters) – The European Central Bank will press on with policy tightening, adding 50 basis points to its deposit rate next month as it worries rapid price growth…
Chile’s GDP posts largest quarterly drop in over 2 years as recession fears grow
By Fabian Cambero and Gabriel Araujo SANTIAGO (Reuters) -Chile’s economy shrank in the third quarter at the fastest quarterly rate in more than two years, declining further after a rapid post-pandemic recovery…
Hungary aiming to prevent economy sliding into recession, Orban says
BUDAPEST (Reuters) -Hungary is aiming to prevent its economy sliding into recession, Prime Minister Viktor Orban said on Friday after data this week showed the economy contracting in quarterly terms for the…
Biden’s Top Econ Adviser To Leave White House Amid Inflation, Recession Fears: REPORT
Biden’s Top Econ Adviser To Leave White House Amid Inflation, Recession Fears: REPORT John Hugh DeMastri on November 17, 2022 President Joe Biden’s top economic advisor, Brian Deese, is anticipated to depart…
OBR sees UK GDP falling 2% in over a year of recession
LONDON (Reuters) – Britain’s economy will shrink by 2% in a recession that started during the previous quarter and is on track to last just over a year, the Office for Budget…
BoE could deepen UK recession if it raises rates further – Dhingra
LONDON (Reuters) – The Bank of England’s newest interest rate-setter Swati Dhingra said on Wednesday that the British central bank could deepen an expected recession if its pushes up borrowing costs further.…
Fed’s George says increasingly difficult to bring inflation down without a recession – WSJ
(Reuters) – Inflation is at risk of becoming entrenched in the economy from an overheated job market, making it difficult for the Federal Reserve to bring down inflation without a recession, Kansas…
WTO warns of ‘real’ recession risk in some major economies
By Leika Kihara NUSA DUA, Indonesia (Reuters) – The head of the World Trade Organization (WTO) warned on Wednesday that several major economies face a real risk of sliding into recession as…
BofA’s global fund manager survey shows stagflation and recession angst
By Marc Jones LONDON (Reuters) – A closely-watched survey of global investor views published on Tuesday showed a growing angst that recessions and stagflation episodes will be stalking the world economy next…
U.S. may skirt recession in 2023, Europe not so lucky-Morgan Stanley
By Kevin Buckland TOKYO (Reuters) – Britain and the euro zone economies are likely to tip into recession next year, Morgan Stanley said, but the United States might make a narrow escape…
Recession or not, Canadian employers look to hang onto workers
By Steve Scherer and Julie Gordon OTTAWA (Reuters) – Some Canadian employers say they plan to hold onto their workers even if the economy slips into a recession rather than risk not…
Japan economy set to slow sharply as global inflation, recession risks hurt- Reuters poll
By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s economy is expected to have slowed markedly in the third quarter as global recession risks hurt external demand while rising inflation and a weak yen’s…
Canada cuts 2023 GDP forecast but says economy to avoid recession
TORONTO (Reuters) – Canadian Finance Minister Chrystia Freeland on Thursday unveiled an economic update, slashing 2023 real GDP forecast to 0.7%, but said the economy would avoid a recession, while announcing C$11.3…
U.S. is not in recession, data strong, says White House
WASHINGTON (Reuters) – The United States is not in a recession, White House chief of staff Ron Klain said on Thursday, adding that economic data showed the nation’s economy was solid. “We…
Asian equities receive meagre inflows in October amid recession worries
By Gaurav Dogra (Reuters) – Asian equities saw meagre inflows in October after massive selling in the previous month, and analysts expect fears of a global recession and a stronger U.S. dollar…
ECB must keep raising rates even if recession risks rise, Lagarde says
FRANKFURT (Reuters) – The European Central Bank must keep raising interest rates to fight off inflation, even if the probability of a euro zone recession has increased, ECB President Christine Lagarde said…
European Central Bank Takes Action As EU Teeters On Brink Of Recession
European Central Bank Takes Action As EU Teeters On Brink Of Recession John Hugh DeMastri on October 27, 2022 The European Central Bank (ECB) raised interest rates by 0.75 percentage points, bumping…
Recession risk looms large over euro zone, ECB policymaker says
VILNIUS (Reuters) – The likelihood of a euro zone recession is rising but the European Central Bank needs to keep raising interest rates as inflation remains high and projections may even need…
Ex treasury secretary Mnuchin says U.S. in recession, will continue
RIYADH (Reuters) – Former U.S. treasury secretary Steve Mnuchin said on Wednesday he believed the United States was in a recession and said this would continue. Speaking at Riyadh’s flagship investment conference…
In ‘unprecedented’ global chip slump, SK Hynix to halve investment as recession looms
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -South Korea’s SK Hynix Inc warned on Wednesday of an “unprecedented deterioration” in memory chip demand, deepening fears of global recession, and said it…
Analysis: UK’s Hunt faces triple threat from debt, recession and Conservative rebels
By William Schomberg LONDON (Reuters) – Newly confirmed finance minister Jeremy Hunt must keep investors calm about Britain’s debt mountain, avoid causing a deep recession and work out a way to stop…
Whether It’s a Recession, Pandemic, Labor Shortage or More Salsarita’s Fresh Mexican Grill Star Multi-Unit Franchisee Steve Alie Has Overcome Every Obstacle on His Path
Salsarita’s Fresh Mexican Grill CEO Phil Friedman with Multi-Unit Owner Steve Alie at the latest drive-thru restaurant in Southfield, Michigan. (-) Since Steve Alie first got into the restaurant business with no…
BNP sees Fed terminal rate of 5.25% in Q1, U.S. recession in Q2
NEW YORK (Reuters) – BNP Paribas expects the Federal Reserve to push the fed funds rate to a peak of 5.25% in the first quarter next year, higher than market expectations and…
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