Page 7 - Latest Updates on Recession
UK PM Liz Truss says tax cut was a right thing, will not change course
"We had to take urgent action to get our economy growing and that means taking controversial and difficult decisions," Truss said.
 "UK PM Liz Truss says tax cut was a right thing, will not change course")
Uber rival Lyft freezes hirings amid economic instability, recession fears
Ride-hailing platform Lyft has announced to freeze all hirings amid the economic instability and recession fears
 "Uber rival Lyft freezes hirings amid economic instability, recession fears")
World Bank President Malpass warns of stagflation, recession in Europe
In a speech at Stanford University, Malpass said there was an increased likelihood of recession in Europe, while China's growth was slowing sharply and U.S. economic output had contracted
 "World Bank President Malpass warns of stagflation, recession in Europe")
Sensex declines for sixth straight session as global rout continues
Index down 5.2% in 6 sessions; FPIs tally turns negative for Sep
 "Sensex declines for sixth straight session as global rout continues")
Chief economists' survey says global recession increasingly likely
A global recession is becoming increasingly likely due to stubbornly high inflation and real wages continuing to fall, the World Economic Forum said
 "Chief economists' survey says global recession increasingly likely")
Wall Street jumps over 1% in choppy trading as yields dip
Apple down 2.83% on move to drop iPhone production boost; US 10-yr Treasury yields ease from 12-year highs; Biogen soars on landmark Alzheimer's data
 "Wall Street jumps over 1% in choppy trading as yields dip")
World is 'edging into' a recession, warns WTO chief Ngozi Okonjo-Iweala
"The indicators are not looking good," WTO Director-General Ngozi Okonjo-Iweala said during an interview in Geneva Tuesday. "I think a global recession - that is what I think we are edging into."
 "World is 'edging into' a recession, warns WTO chief Ngozi Okonjo-Iweala")
Equities, Gold, FDs: Where should you invest as global headwinds rise?
With the domestic economy looking ripe to shine despite a possible global recession, analysts recommend investors look at investing a bulk of their investable surplus in equities
 "Equities, Gold, FDs: Where should you invest as global headwinds rise?")
Energy, inflation crises risk pushing big economies into recession: OECD
In a bleak report titled Paying the price of war, the Paris-based organisation noted that the conflict aggravated inflationary pressure when the cost of living was already rising quickly.
 "Energy, inflation crises risk pushing big economies into recession: OECD")
Wall Street extends declines on recession worries; Dow falls over 300 pts
Tech, consumer discretionary pare back gains; casino stocks jump as Macau allows tour groups after nearly 3 years
 "Wall Street extends declines on recession worries; Dow falls over 300 pts")
Oil prices hit nine-month low on recession fears, US dollar surge
Brent crude futures for November settlement slipped by 82 cents, or 1%, to $85.33 a barrel at 1110 GMT. The contract fell as low as $84.51, the lowest since Jan 14
 "Oil prices hit nine-month low on recession fears, US dollar surge")
Energy crisis: Recession clouds gather in Germany, Europe's largest economy
The index compiled by the Munich-based IFO institute dropped to 84.3 in September from 88.5 in August, to its lowest level since the global financial crisis more than a decade ago
 "Energy crisis: Recession clouds gather in Germany, Europe's largest economy")
South Korean assets turn Asia's biggest losers on global recession angst
The Kospi index tumbled 3% to its lowest close in more than 2 years, leading declines in Asia. The won, by far the region's worst performer this quarter, slid to the weakest level since March 2009
 "South Korean assets turn Asia's biggest losers on global recession angst")
Sensex falls 954 pts, Nifty below 17,050 amid growth concerns; IT stocks up
CLOSING BELL: In the broader markets, the BSE MidCap index fell 2.85 per cent, and the BSE Smallcap index declined 3.33 per cent
 "Sensex falls 954 pts, Nifty below 17,050 amid growth concerns; IT stocks up")
Don't equate fun with money: Pichai tells staff in heated all-hands meet
He talked about the vexed issue of cost cuts, and indicated Google's culture could still be enjoyable, even if some things were taken away
 "Don't equate fun with money: Pichai tells staff in heated all-hands meet")
Oil plunges to 8-months low on strong dollar, looming recession fears
Oil prices plunged about 5% to an eight-month low on Friday as the US dollar hit its strongest level in more than two decades and on fears rising interest rates will tip major economies into recession
 "Oil plunges to 8-months low on strong dollar, looming recession fears")
Euro zone likely entering recession as price rises hit demand: Survey
Overall demand in the euro zone fell to its lowest since November 2020, when the continent was suffering a second wave of Covid-19 infections
 "Euro zone likely entering recession as price rises hit demand: Survey")
Economist Roubini expects a 'long, ugly' recession, stocks sinking 40%
Roubini, who has warned through bull and bear markets that global debt levels will drag down stocks, said that achieving a 2% inflation rate without a hard landing is going to be "mission impossible"
 "Economist Roubini expects a 'long, ugly' recession, stocks sinking 40%")
Global stocks slide for third day on fears of possible global recession
London and Frankfurt opened lower. Shanghai, Hong Kong and Seoul declined. Oil prices fell by more than $1 per barrel. Japanese markets were closed for a holiday.
 "Global stocks slide for third day on fears of possible global recession")
What is Goldilocks scenario?
The US Fed is unlikely to breathe easy till the inflation is brought under control. It wants to pull-off a return to 'Goldilocks' while steering clear of recession. What is the Goldilocks scenario?
 "What is Goldilocks scenario?")
