recession
The UK's gross domestic product rose by 0.1% in February, confirming that the UK economy has now been expanding for two consecutive months. January’s growth reading, formerly 0.2%, was also revised up to 0.3%, according to data released by the Office for National Statistics on Friday. The expansion seen in February, which was in line with analysts' forecasts, comes as a welcome sign after the UK slipped into a recession late last year, marked by two consecutive quarters of economic contraction. If the economy expands in the first three months of 2024, the recession can be classed as over, mean...
Euronews (English)
UK Prime Minister Rishi Sunak’s attempts to convince consumers that the country’s economy is recovering are on thin ice. The UK officially entered a technical recession, defined as two consecutive quarters of negative gross domestic product (GDP) growth, at the end of last year, due to higher inflation, reduced external demand and record interest rates. The economic slump has prompted swathes of criticism from opposition politicians, notably Shadow Chancellor Rachel Reeves, who said that Sunak “has broken his promise to grow the economy and left Britain in recession with working people paying ...
Euronews (English)
A group of leading economic think tanks in Germany released their six-monthly "collective diagnosis" of the Germany economy on Wednesday. The report revised a forecast made last autumn of 1.3% growth down to 0.1%, saying that consumer's purchasing power would be crucial to improving the economic forecast. "The economy in Germany is ailing. An economic weakness that lasted until the end is accompanied by dwindling growth forces. Economic and structural factors overlap in the sluggish overall economic development. Although a recovery is likely to begin in the spring, the overall momentum will no...
Euronews (English)
The answer is economic indicators. When one thinks of economic indicators, most people jump to common ones such as gross domestic product (GDP), balance of payments, interest or exchange rates. But did you know that, apart from these, there are several little-known ones, which can reveal fascinating things about an economy? While the major indicators above tell us more about a country's macroeconomic situation, the rarer ones below can be more subtle, telling us about consumer trends and sentiment, as well as standards of living. Many of these are thus especially relevant during times of econo...
Euronews (English)
Germany’s quarter-on-quarter gross domestic product (GDP) report for Q4 2023 was released on Thursday morning. Europe’s largest economy saw a decline of 0.3% in the last quarter of 2023, according to the Federal Statistical Office. This was in line with analyst expectations. In the third quarter of 2023, Germany’s GDP contracted -0.1%. Due to the fourth quarter of the year also seeing a contraction, Germany could potentially be in technical recession, which is widely defined as two consecutive quarters of negative growth. This was mainly due to higher prices, as well as soaring interest rates ...
Euronews (English)
Europe's largest economy may have already slid into a recession, according to Germany's central bank, the Deutsche Bundesbank. This is mainly due to a number of factors such as dampened construction activity, strikes and falling foreign demand. The news comes after the German economy saw a fall of 0.3% in the last quarter of 2023. Looking forward to expectations for the current quarter, the Bundesbank said in its monthly report that "stress factors would probably remain in the first quarter" which would mean "economic output could therefore decline again slightly in the first quarter of 2024"....
Euronews (English)
ValueWalk
In the past year, economists have repeatedly predicted a recession in the U.S. The economy, however, has proven to be extremely resilient. Despite sometimes being shaky, the economy has repeatedly defied predictions of a downturn. As a result, economists continue to delay the onset of a recession. However, Wolters Kluwer Blue Chip Economic Indicators say there’s a 61% chance of a mild recession this year. So, are we in a recession or not? According to Dave Meltzer, Co-Founder of Sports 1 Marketing and best-selling author, no matter what you call the current economic climate, it’s irrelevant. I...
Due
Concerns surrounding inflation and its impact on the global economy have taken center stage. The threat of rising inflation has created a sense of uncertainty in the financial markets, leading to swift reactions from investors. One such example is the stocks impacted by the Federal Reserve’s statement on the genuine risk of inflation re-acceleration. In this in-depth article, we will explore the factors contributing to inflation and how the case of UPS drivers making $170,000 per year plays a pivotal role in understanding the core of this phenomenon. Find A Qualified Financial Advisor Each adv...
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For weekend reading, Gary Alexander, senior writer at Navellier & Associates, offers the following commentary: Thanksgiving came early this year – on the Fourth of July, as we celebrated a four-day weekend after the market soared by double-digits (+16% in the S&P 500 and twice that in the NASDAQ) and we avoided that dreaded recession that experts said was 99% certain. What’s more, we really could have celebrated July 4 three weeks ago, since June 21 was America’s 235 birthday as the oldest surviving constituted democracy in the world. June 21, 1788 was the day when nine of the 13 original colo...
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