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…
Euro zone likely entering recession as price rises hit demand -PMI
By Jonathan Cable LONDON (Reuters) – A downturn in business activity across the euro zone deepened in September, according to a survey which showed the economy was likely entering a recession as…
UK downturn deepens, raising recession risk -flash PMI
LONDON (Reuters) – The downturn in British businesses steepened this month as they battled soaring costs and faltering demand, according to a survey on Friday that hammered home the rising risk of…
SNB’s Jordan can’t rule out recession – Blick paper
ZURICH (Reuters) – The Swiss National Bank does not think the Swiss economy will slide into recession but cannot rule the prospect out, SNB Chairman Thomas Jordan said in a newspaper interview…
‘We’re In A Recession’: Steve Forbes Blasts Central Bank For ‘Making People Poorer’
‘We’re In A Recession’: Steve Forbes Blasts Central Bank For ‘Making People Poorer’ Harold Hutchison on September 19, 2022 Former Republican presidential candidate Steve Forbes, who is editor-in-chief of Forbes magazine, blasted…
AmEx to hire 1,500 tech staff by year-end even as recession looms
(Reuters) – American Express Co said on Monday it is looking to hire around 1,500 people for technology roles, shrugging off fears of an economic slowdown that has prompted other U.S. financial…
BIS backs “forceful” rate hikes despite rising recession risk
By Marc Jones LONDON (Reuters) – The world’s central bank umbrella body, the Bank for International Settlements (BIS), has urged major economies to forge ahead with forceful interest rate hikes despite the…
Finland cuts 2023 GDP growth forecast, eyes recession risk
HELSINKI (Reuters) -Finland’s finance ministry on Monday cut its economic growth forecast for 2023 and said the country was at risk of a recession. The ministry now predicts gross domestic product (GDP)…
French central bank sees slowdown next year, risk of recession
PARIS (Reuters) – The French economy will slow sharply next year in the face of Europe’s energy crisis, with a risk of a “limited and temporary” recession in the worst-case scenario, the…
World Bank sees rising risk of global recession in 2023
WASHINGTON (Reuters) – The world may be edging toward a global recession as central banks across the world simultaneously hike interest rates to combat persistent inflation, the World Bank said on Thursday.…
France is not falling into recession, Le Maire says
PARIS (Reuters) – French Finance Minister Bruno Le Maire said on Wednesday that the economy was not facing recession after the government lowered its economic outlook for 2023. Le Maire also told…
SHEFFIELD: Dems Sleepily Walked Us Into A Recession And Now They’re Ignoring The Wake Up Call
SHEFFIELD: Dems Sleepily Walked Us Into A Recession And Now They’re Ignoring The Wake Up Call Carrie Sheffield on September 13, 2022 Today’s inflation report was more painful than analysts predicted, with…
Global economy may avoid recession as inflation risks ease – J.P. Morgan
(Reuters) – The global economy could avert a recession as data points to a potential soft landing, J.P. Morgan analysts said, while adding that the Federal Reserve might have “over-reacted” with the…
UniCredit CEO sees “shallow” recession ahead
FRANKFURT (Reuters) – UniCredit Chief Executive Andrea Orcel said on Wednesday Italy’s second biggest bank expected a “relatively shallow” recession in Europe followed by a rebound in 2024. Speaking at a financial…
Explainer-Liz Truss inherits UK economy heading for recession as new PM
LONDON (Reuters) – Britain’s next prime minister Liz Truss will face an economy that is forecast to go into a long recession later this year, with inflation at a 40-year high and…
Germany heading for recession despite new relief plan – economists
BERLIN (Reuters) – Germany, Europe’s largest economy, is still on course for a recession even with a new government plan to spend 65 billion euros ($64.49 billion) on shielding energy customers and…
Britain’s new PM faces an 80s playlist: recession, unrest and runaway prices
By Andy Bruce and Kate Holton RUNCORN, England (Reuters) – Britain’s prime minister in waiting Liz Truss models herself on Margaret Thatcher, judging by her photo ops echoing famous images of the…
Euro zone economy faces growing risk of recession, survey shows
By Jonathan Cable LONDON (Reuters) – Manufacturing activity across the euro zone declined again last month as consumers feeling the pinch from a deepening cost of living crisis cut spending, a survey…
ECB must act decisively; recession fears should not constrain policy -Nagel
(Reuters) – The European Central Bank must act decisively to contain inflation, Bundesbank chief Joachim Nagel said on Tuesday, joining a chorus of policymakers calling for another big interest rate hike next…
Fed’s Barkin: no need for possible U.S. recession to be ‘calamitous’
(Reuters) – The U.S. Federal Reserve’s commitment to raising interest rates in order to bring inflation back down to its 2% goal will not necessarily result in a severe economic downturn and…
Goldman warns UK inflation could top 20% as recession nears
LONDON/HONG KONG (Reuters) -Inflation in Britain could exceed 20% early next year if spiralling gas prices fail to come down, economists from U.S. investment bank Goldman Sachs warned, adding that a recession…
ECB’s Lane sees euro area slowdown, does not rule out technical recession
MADRID (Reuters) – The euro zone’s economy is likely to experience an economic slowdown, European Central Bank’s chief economist Philip Lane said on Tuesday, adding however that he did not rule out…
Fed’s Harker: Any U.S. recession would be shallow
(Reuters) – Philadelphia Federal Reserve President Patrick Harker on Friday said he believes the U.S. central bank can bring down inflation without triggering a deep recession and hefty unemployment. “We don’t want…
World at rising risk of recession as inflation hits consumers
By Jonathan Cable LONDON (Reuters) – The global economy is increasingly at risk of sliding into recession, surveys showed on Tuesday, as consumers faced with generation-high inflation rein in spending while central…
German recession increasingly likely, Bundesbank says
FRANKFURT (Reuters) – A recession in Germany, the euro zone’s biggest economy, is increasingly likely and inflation will continue to accelerate and could peak at more than 10% this autumn, the Bundesbank…
Fed to slow to 50 bps hike in September; recession worries grow: Reuters poll
By Prerana Bhat and Indradip Ghosh BENGALURU (Reuters) – The U.S. Federal Reserve will raise rates by 50 basis points in September amid expectations inflation has peaked and growing recession worries, according…
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