recession
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Dollar dips as UK budget U-turn improves market sentiment U.S. Permian oil production forecast to hit record in Nov -EIA Oct 18 (Reuters) – Oil prices steadied in early Asian trade on Tuesday as a weaker U.S. dollar lent support, although rising shale production and fears . . .
As banks and international financial organizations warned of the possibility of a global recession, President Biden said he does not foresee one in the United States, but he acknowledged the prospect of a minor downturn. “I don’t think there will be a recession,” Biden
Oct 11 (Reuters) – The six biggest U.S. banks are expected to have set aside nearly $5 billion in the third quarter to cover future loan losses, Wall Street analysts said, as lenders brace for a potential global recession. Profits at big banks got a boost last year as they released funds reserved for potential […]
The United States is facing rising recession fears as the Federal Reserve, the country’s central bank, remains bullish in fighting high inflation and officials increasingly talk about the need to impose some economic pain to get price pressures under control, several economists told Al Jazeera. “There’s still a good amount of strength in the labour […]
(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 […]