Page 14 - Latest Updates on Recession
IT analysts in wait-and-watch mode as experts see mild recession in the US
Analysts predict that if a slowdown does happen by 2022-end, the impact will be seen only in second half of FY23
 "IT analysts in wait-and-watch mode as experts see mild recession in the US")
Risk of US recession now higher and more front-loaded, warns Goldman
The Goldman economists now see a 30% probability of entering a recession over the next year, compared to 15% previously, and a 25% conditional probability of entering a recession in the second year
 "Risk of US recession now higher and more front-loaded, warns Goldman")
Markets need tourniquet fix: Metal stocks melt down amid fears of recession
BSE Metal Index now down 35% from 2022 highs
 "Markets need tourniquet fix: Metal stocks melt down amid fears of recession")
US economy will slow but recession not inevitable, says Janet Yellen
Treasury Secretary Janet Yellen said Sunday that she expects the US economy to slow in the months ahead, but that a recession is not inevitable.
 "US economy will slow but recession not inevitable, says Janet Yellen")
Coinbase lays off 18% of workforce; firm entering recession, says CEO
Leading crypto exchange Coinbase has announced that it is laying off 18 per cent of its workforce, or about 1,100 jobs amid the economic downturn
 "Coinbase lays off 18% of workforce; firm entering recession, says CEO")
StanChart CEO sees shallow and short recession by early 2023: Here's why
"I think central banks have to take this inflation problem head on," Winters told the Reuters Global Markets Forum (GMF) on Wednesday
 "StanChart CEO sees shallow and short recession by early 2023: Here's why")
A global recession and its likely fallout on India's economic growth
While foreign fund inflows could ebb and exports could take a beating, the Indian economy is unlikely to suffer recession again
 "A global recession and its likely fallout on India's economic growth")
World Bank warns of recession as Ukraine war hits already rocked economies
Countries around the world are facing recession as the Ukraine war hits economies already rocked by the Covid pandemic, the World Bank has warned, BBC reported.
 "World Bank warns of recession as Ukraine war hits already rocked economies")
What is stagflation?
Global asset management firm Bernstein has said that markets should brace for tough days ahead, as India was staring at stagflation. It is marked by high inflation and stagnant economic growth
 "What is stagflation?")
Global recession can stay for up to 18 months, says Tesla CEO Elon Musk
Breaking his silence over the current global meltdown, Elon Musk said the recession the world is now experiencing owing to multiple macro-economic factors could last up to 18 months
 "Global recession can stay for up to 18 months, says Tesla CEO Elon Musk")
WEF 2022: Rebuilding the damaged world is a priority, say global leaders
At World economic 2022 in Davos, business, political, and tech leaders are clear that deeper collaboration is essential to rebuild a world damaged by the Covid-19 pandemic and geo-political aggression
WEF 2022: Outlook grim for global recession but experts weigh how much
"We are not in a recession yet, but the signs are not good," said David Rubenstein, Co-Founder and Co-Chairman of Carlyle at the World Economic Forum's (WEF) Annual Meet on Tuesday
 "WEF 2022: Outlook grim for global recession but experts weigh how much")
Oil prices inch lower on concerns over recession, China Covid curbs
Oil prices fell on Tuesday as concerns over a possible recession and China's Covid-19 curbs outweighed an expectation of tight global supply
 "Oil prices inch lower on concerns over recession, China Covid curbs")
Oil slips more than 2% on as recession fears spreads to financial markets
By Bozorgmehr Sharafedin
 "Oil slips more than 2% on as recession fears spreads to financial markets")
Bank of England hikes rates to 13-yr high, warns of rising recession risk
The pound fell by more than a cent against the US dollar to hit its lowest level since mid-2020
 "Bank of England hikes rates to 13-yr high, warns of rising recession risk")
With global finances at risk, can India avoid a repeat of the 1991 crisis?
India may have done well by keeping commercial bank lending to the government within manageable limits, but RBI has been lending more to the government, which means it has been printing more notes
Recession risks duel resilience hopes in global economy outlook
BofA reported fund managers were the most bearish they'd ever been about the outlook for growth and JPMorgan Chase & Co. boosted its reserves to insulate itself against an economic deterioration
 "Recession risks duel resilience hopes in global economy outlook")
Jan/Feb market sell-off was an just an appetizer: BofA Securities survey
Global growth optimism, according to the survey findings, was at an all-time low, with recession fears surging in the world's investment community.
 "Jan/Feb market sell-off was an just an appetizer: BofA Securities survey")
Germany faces recession if oil & gas halted, say banks
Europe's largest economy is heavily dependent upon Russia for energy, and nations banks echoed concerns over possible energy disruption expressed by big names in industry in recent days
 "Germany faces recession if oil & gas halted, say banks")
World stocks dip on war, recession worries, oil falls $2 on reserve release
MSCI's global share index fell 0.17% to 710.22, against a high of 724.49 hit on Wednesday, heading for little change on the week.
 "World stocks dip on war, recession worries, oil falls $2 on reserve release")
