The US economy contracted at a more moderate pace than initially thought in the second quarter as consumer spending blunted some of the drag from a sharp slowdown
Record-high inflation in the euro zone compounded recession fears stalking markets on Wednesday as central banks on both sides of the Atlantic prepared to raise borrowing costs for businesses and households again next month.
Britain’s economy grew by less than expected in July, raising the risk that it is already in a recession, with the sharp climb in energy tariffs hurting demand for electricity
Stock markets wobbled and oil prices sank on Friday over growing fears that inflation-fighting interest rate hikes by central banks could trigger recessions.
Democratic US Senator Elizabeth Warren said on Sunday that she was very worried that the Federal Reserve was going to tip the nation’s economy into worst recession
Singapore eased monetary policy for the first time in over three years on Monday as the US-China trade war bites, while the export-reliant economy narrowly avoided recession in the third quarter.
Japan’s fourth quarter GDP shrinks much faster than expected and its economy shrank at the fastest pace in almost six years in the December quarter as a sales tax hike hit consumer and business spending,
Britain’s economy looks on course to avoid tipping into recession before it is due to leave the European Union, despite a small fall in output in August, official figures showed.
Britain’s economy appears to have slipped into recession as firms brace for the risk of a disruptive Brexit in just a few weeks’ time, according to a survey which showed the dominant services sector took an unexpectedly sharp downturn last month.