News from Recession
Stay current with all the latest and breaking news about Recession, compare headlines and perspectives between news sources on stories happening today. In total, 1,146 stories have been published about Recession which Ground News has aggregated in the past 3 months.
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Recession · United StatesMany economists expected we would experience a recession or a soft landing in 2023. Well, we have made it to 2024 and there is still no sign that we have come to either of those conclusions. The current inflation rate is 3.5 percent as of March 2024, down almost half of what it was a year ago. While many of us can breathe knowing that egg prices are also down about $1.50 since last year, inflation is still above the Federal Reserve’s two percent…See the Story
After recession forecast, here's what major indicators tell us about the economy
100% Center coverage: 1 sources
Recession · PeruThe recession left a significant impact on public finances. Despite the economic rebound, tax revenues to March fell by 10.5% in real terms, leading to a fiscal deficit of 3.3% of GDP, far from the fiscal target of 2%. This has led the Ministry of Economy and Finance (MEF) to raise the fiscal target to 2.5%, at a time when S&P has put us on a downgrade risk for losing investment grade. The rise in copper and gold prices could result in increased…See the Story
The crisis that is coming to us
Recession · MaltaThe eurozone emerged from a recession in the first quarter of this year, beating analyst expectations, fresh data published by Eurostat showed on Tuesday.Gross domestic product (GDP) in the 20 countries that share the euro currency increased by 0.3 per cent quarter-over-quarter during the period January-March for a 0.5 per cent annual rise, the data...See the Story
Eurozone emerges from recession
100% Center coverage: 1 sources
JobsSpencer Platt/Getty ImagesApril's jobs report missed expectations, with the US economy adding 175,000 jobs.David Rosenberg believes the non-farm payroll data is overstated due to flawed BLS methods.Rosenberg warns of substantial downward revisions ahead for non-farm payroll data.April's jobs report fell short of expectations: The Bureau of Labor Statistics said on Friday that the US economy added 175,000 jobs last month, shy of economists' forec…See the Story
'Big downside revisions coming': A famed economist who called the 2008 recession warns jobs data will shockingly turn sour in the next 6 months — and says a stock-market AI bubble is starting to unravel
100% Left coverage: 1 sources
Recession · SloveniaIn the European region, in October of 2022, the rate of increase of goods and services prices was something above 10 percent. And people saw this clearly as a very negative economic shock, because between 2010 and 2020, they were used to inflation going well below two percent. And the sense of uncertainty and frustration that many people reported was the natural response to these extraordinary circumstances, and this caused many people to find t…See the Story
Are we being merely touched by the recession?
100% Center coverage: 1 sources
Recession · SwedenCOMMENTS: There's talk about, well, the recession may not be as bad as expected in Sweden. In bad times, we like to spend some extra money on entertainment. (Laughter) Slightly gratitude to Taylor Swift for the kind of funny recession effect.See the Story