Page 4 - Latest Updates on Recession
Britain is in recession, Hunt makes it official; windfall tax hiked to 35%
The tax burden would hit 37.1 per cent of GDP, its highest sustained level since World War Two
 "Britain is in recession, Hunt makes it official; windfall tax hiked to 35%")
US Federal Reserve official suggests substantial rate hikes may be needed
The Dow Jones Industrial Average was down about 330 points shortly before trading began
 "US Federal Reserve official suggests substantial rate hikes may be needed")
ECB warns of financial stability risks in euro area, warns of recession
Should the outlook deteriorate further, an increase in the frequency of corporate defaults cannot be excluded, particularly among energy-intensive companies
 "ECB warns of financial stability risks in euro area, warns of recession")
Technical recession has become more likely, says European Central Bank
A technical recession is two or more consecutive quarters of declining economic output
 "Technical recession has become more likely, says European Central Bank")
What's worrying S Naren when it comes to equity markets?
Fear of recession is forcing tech giants to tighten their purse strings. But, markets back home look unperturbed by it. What does S Naren, Executive Director and CIO at ICICI Pru AMC, think of this?
 "What's worrying S Naren when it comes to equity markets?")
Most European Union countries set to slide into recession in Q4: Gentiloni
The European Commission's autumn forecast predicted falling economic output in the last three months of this year and the first months of 2023
 "Most European Union countries set to slide into recession in Q4: Gentiloni")
Recession, climate change, Ukraine war: Kant lists challenges before G20
The former Niti Aayog chief executive said that climate change was another big crisis that the world faced, impacting larger nations, as well as threatening to submerge smaller island nations
 "Recession, climate change, Ukraine war: Kant lists challenges before G20")
Austrian theory of business cycle is key to explain upcoming Recession
One reason the current economic situation is so fraught is that world is facing 3 kinds of business-cycle mechanisms at the same time. First 2 are well-known, but the third - Austrian theory is not
 "Austrian theory of business cycle is key to explain upcoming Recession")
India in a sweet spot despite global fears of recession: IDFC AMC CEO
'Conditions are ripe for a private capital expenditure cycle over the next few years'
 "India in a sweet spot despite global fears of recession: IDFC AMC CEO")
Bank of England warns of longest recession in 100 yrs after 3% rate hike
A 0.75 per cent increase, the latest in a series of eight interest rate rises since last year, would not be enough to guarantee victory in the war against double-digit inflation: Bank of England
 "Bank of England warns of longest recession in 100 yrs after 3% rate hike")
Canadian govt warns that the country might enter mild recession in 2023
The Department of Finance has developed a "downside scenario" that considers the impact of more persistent inflationary pressures and further tightening in monetary policy
 "Canadian govt warns that the country might enter mild recession in 2023")
Bank of England raises rates by most since 1989 even as recession looms
Central bank raises bank rate to 3% from 2.25%
 "Bank of England raises rates by most since 1989 even as recession looms")
Clock ticking for private equity firms to spend through tougher times
The shift is profound for an asset class that for more than a decade was flooded with cash from investors hunting yield in a low-interest rate environment
 "Clock ticking for private equity firms to spend through tougher times")
UK in recession? Feels pinch of biggest interest rate hikes in 33 years
Economists and investors expect the UK central bank to raise its benchmark lending rate by three-quarters of a percentage point to 3 per cent on November 3
 "UK in recession? Feels pinch of biggest interest rate hikes in 33 years")
What long-term stagnation of global economy means for climate change
The global economy has been trapped in a state of relative stagnation in rates of growth, productivity, investment, and profitability since at least the 2008 financial crisis
 "What long-term stagnation of global economy means for climate change")
Crypto wrap: Markets rally on expectation of softer stance from US Fed
Bitcoin crossed the $ 20,000 mark, and Ethereum was above the $ 1,500 mark for the first time since it concluded "Merge" in September
 "Crypto wrap: Markets rally on expectation of softer stance from US Fed")
Apple's revenue, profit up despite slowing economy; not immune to recession
Apple managed to boost its sales, profit during summertime quarter that depressed fortunes of many major tech companies, but that doesn't necessarily mean it will be immune to a potential recession
 "Apple's revenue, profit up despite slowing economy; not immune to recession")
Global economy approaching a recession, central banks unchained: Poll
The global economy is approaching a recession as economists cut growth forecasts for key economies while central banks keep raising interest rates to bring down persistently-high inflation
 "Global economy approaching a recession, central banks unchained: Poll")
Embassy REIT to invest Rs 2,200 cr in 4 yrs to develop new office buildings
Embassy Office Parks REIT will invest around Rs 2,200 crore in the next four years to develop premium workspaces as it sees tremendous growth potential in office market despite recessionary concerns
 "Embassy REIT to invest Rs 2,200 cr in 4 yrs to develop new office buildings")
Recession could last until 2024, says Musk after remark on China, Europe
Tesla CEO said he thinks a recession will last until the spring of 2024, after earlier saying "a recession of sorts" in China and Europe was weighing on demand for its electric cars
 "Recession could last until 2024, says Musk after remark on China, Europe")
