The recession America was expecting never showed up. Many economists spent early 2023 predicting a painful downturn, a view so widely held that some commentators started to treat it as a given. Inflation had spiked to the highest level in decades, and a range of forecasters thought that it would …
Read More »Germany falls into recession following inflation
Germany has fallen into recession after a high inflation rate took a bigger toll on the country’s economy than originally estimated. Output in Europe’s largest economy dropped 0.3% in the first three months of the year, following a 0.5% contraction at the end of 2022, official data showed on …
Read More »Americans’ Personal Finances Worst Since The Great Recession
By Casey Harper (The Center Square) Half of Americans report their personal finances are “worse off” than they were a year ago, according to a new survey. The poll found only 35% of Americans say they are better off than a year ago. The 50% who are worse off is …
Read More »Economists Warn Likelihood of US Recession Has Increased Since the Election – Now 70%
Economists predict there is a 70% chance the American economy will sink into a recession next year, up from the same odds indicated in a similar survey in November. The latest Bloomberg monthly survey, conducted last week, had 38 expert respondents with a vast majority suggesting that worse times for …
Read More »Survey: Nearly 50% of Economists Believe A Recession Is Coming
A Bloomberg monthly survey of economists indicates nearly 50% believe the United States economy is headed toward a recession within the next year. The number of economists who believe a recession is coming stands at 47.5%, a sharp increase from just one month ago when that number stood at 30%. …
Read More »Oil steadies after plunging on recession fears
Oil prices rose as much as nearly 3 percent on Wednesday before paring some gains as investors piled back into the market after a heavy rout in the previous session, with supply concerns returning to the fore even as worries about a global recession linger. Brent crude futures rose as …
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