Tag: Recession

Global economy approaching a recession, central banks unchained – Reuters poll

The global economy is approaching a recession as economists polled by Reuters once again cut growth forecasts for key economies while central banks keep raising interest rates to bring down persistently-high inflation. One bright spot is that most major economies already in a recession or heading into one are starting with relatively low unemployment compared with previous downturns. Indeed the latest poll expects the smallest gap between growth rates and joblessness in at least four decades.
— Read on ca.finance.yahoo.com/news/global-economy-approaching-recession-central-001929317.html

Canada headed towards ‘moderate’ recession in 2023: RBC economists

TORONTO — Canada is headed towards a recession in 2023, but it will be short-lived and not as severe as prior downturns, according to a new report from RBC. RBC economists said Thursday that soaring food and energy prices, rising interest rates and ongoing labour shortages will push the economy into a “moderate contraction” next year. “We see growth slowing into the end of this year, but remaining positive, then we expect two quarters of declining GDP in Q2 and Q3 of 2023,” said RBC economist Na
— Read on ca.finance.yahoo.com/news/canada-headed-toward-moderate-short-135857172.html

Recession Threat Hangs Over Europe’s Fragile Economic Growth

(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Most Read from BloombergElon Musk Offloads $4 Billion of Tesla Shares, Pledges No More SalesPutin Is Losing So Here’s How He’ll Make the War WorseUkraine Latest: Germany Says Won’t Block a Russian Oil EmbargoFour European Gas Buyers Made Ruble Payments to RussiaUkraine’s Forces Get Boost From Arsenal of Old-Fashioned ArtilleryThe euro zone’s recovery from the pandemic is already showing
— Read on ca.finance.yahoo.com/news/recession-threat-hangs-over-europe-100748819.html

Goldman Sachs Sees U.S. Recession Odds at 35% in Next Two Years

(Bloomberg) — History suggests that the Federal Reserve will face a difficult task in tightening monetary policy enough to cool inflation without causing a U.S. recession, with the odds of a contraction at about 35% over the next two years, according to Goldman Sachs Group Inc.Most Read from BloombergHousing Market Fever Starts to Break in BoiseBiden Weighing Student Loan Cancellation or Moratorium ExtensionUkraine Update: Mariupol ‘Basically Encircled’ Yet Hasn’t FallenMusk Uses Inverted Smile
— Read on ca.finance.yahoo.com/news/goldman-sachs-sees-u-recession-211535018.html