usrecession
The FTSE 100 is gaining ground in early trade.Oil is staying elevated around $112 a barrel for Brent crude.Protests over cost of living hit the road networks.Worries persist about the impact of a potentially prolonged US recession.Caution Remains Amid Fuel Protests“A sliver of optimism has broken through on global markets at the start of the week, but overall caution is still the name of the game as investors nurse wounds from a bruising first half of the year. A late surge on markets in Asia saw the Nikkei in the Japan and Shanghai Composite head higher, while the Hang Seng in Hong Kong crept...
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The U.S. GDP contracted 1.4% in annualized terms during the first quarter of 2022, according to an advanced estimate on Thursday. Despite concerns of a possible recession, opinions are divided among analysts as some say the country is in for a rebound, although with less momentum than in 2021, while others say the correction will arrive this year. RevisionQ1 2022 hedge fund letters, conferences and more President Joe Biden blamed the U.S. economy's first contraction since 2020 on “technical factors,” saying employment, consumer spending, and investment remain strong. “The American economy, pow...
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