recession

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(The Hill) – Mohamed El-Erian, Allianz’s chief economic adviser, said on Sunday that the U.S. is heading toward a recession that was “totally avoidable” amid ongoing concerns about inflation and economic stability.  “I fear that we risk a very high probability of a damaging recession that was totally avoidable,” El-Erian

(The Hill) – Mohamed El-Erian, Allianz’s chief economic adviser, said on Sunday that the U.S. is heading toward a recession that was “totally avoidable” amid ongoing concerns about inflation and economic stability.  “I fear that we risk a very high probability of a damaging recession that was totally avoidable,” El-Erian

Washington CNN  —  Former US Treasury Secretary Larry Summers said Thursday it’s “more likely than not” the US will enter a recession, calling it a consequence of the “excesses the economy has been through.”

A U.S. recession and unemployment hitting 6% are what it will take for surging inflation to be brought under control in America, according to former Treasury Secretary Larry Summers. In an

Projecting global growth slowing to 2.2% in 2023, UNCTAD outlines actions to avert crisis and support developing countries exposed to cascading crises of debt, health and climate due to inadequate financial support. Monetary and fiscal policy moves in advanced economies risk pushing the world towards global recession and prolonged stagnation, inflicting worse damage than the […]

WASHINGTON (Reuters)—U.S. manufacturing activity grew at its slowest pace in nearly 2-1/2 years in September as new orders contracted amid aggressive interest rate increases from the Federal Reserve to cool demand and tame inflation. The Institute for Supply Management (ISM) survey on Monday also showed a measure of factory employment contracted last month for the […]

Median home prices in the United States fell 0.98 percent in August after falling 1.05 percent the month before, marking the largest monthly declines since the collapse of the 2000s U.S. housing bubble. The declines in home prices, according to a Monday report from mortgage data monitor Black Knight, Inc., are among the most dramatic […]

Sept 27 (Reuters) – Lyft Inc (LYFT.O) is freezing all hiring in the United States through the end of the year, a company spokesperson said on Tuesday, making the ride-hailing firm the latest to pause recruitment as high inflation forces cost-cutting measures.

What causes inflation? There are three factors that could lead to inflation which include demand-pull inflation, cost-push inflation and built-in inflation. U.S. home prices are finally falling from a record high notched earlier this year, and could tumble by as much as 20% by mid-2023, according to a top economist.  Ian Shepherdson, the chief economist […]

There’s an 80% chance of the U.S. falling into a recession — much higher than previously predicted, according to Steve Hanke, a professor of applied economics at Johns Hopkins University. According to CNBC’s September Fed survey of economists, fund managers and strategists, those surveyed said there’s a 52% chance that U.S. could enter into recession […]


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