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The coronavirus pandemic will cause a global recession in 2020 that could be worse than that seen during the global financial crisis of 2008-2009, but the world’s economic output should recover in 2021, the International Monetary Fund said Monday. CBC | World News
Read More »Tag Archives: recession
Dow Jones drops 3,000 points in worst day since Black Monday – Trump warns of recession
THE coronavirus has caused the worst percentage drop on the US stock market since Black Monday in 1929 as recession fears increase. Daily Express :: News Feed
Read More »Coronavirus recession: Millions of UK jobs at risk as economy faces devastating collapse
THOUSANDS of companies and millions of jobs in Britain are at risk as the UK faces the biggest drop in GDP since the financial crisis. Daily Express :: News Feed
Read More »Fed saw last month less risk of U.S. recession
The U.S. Federal Reserve’s policy-making committee saw much less risk of recession at its most recent meeting in December, when it kept interest rates steady after three straight cuts and signalled that it expected to keep low rates unchanged through this year. CBC | World News
Read More »Pound US dollar exchange rate: GBP/USD rallies as UK avoids recession
The pound rose against the dollar today as the UK avoided falling into recession during the third quarter, leaving the pairing trading at around $ 1.287. Sterling was provided with an upswing of support after the Office for National Statistics revealed the UK had escaped falling into a recession during the third quarter, although the rebound in Q3 growth was ...
Read More »Hong Kong enters recession as economy shrinks amid protests
Hong Kong’s economy shrank 3.2 per cent from the July-September period from the previous quarter, pushing the city into a technical recession, the government says. CBC | World News
Read More »Global recession FEAR: Economists feel ‘chill in the air’ over big four global economies
ECONOMISTS have warned of a ‘chill in the air’ as the International Monetary Fund warned global growth is falling to its slowest rate since the financial crisis. Daily Express :: City and Business Feed
Read More »Global recession 2019: Moody’s horrifying warning – HIGH recession risk in next 12 months
THE RISK of a global recession in the next 12 to 18 months is “awfully high”, according to Moody’s Analytics’ chief economist. Daily Express :: City and Business Feed
Read More »Pound euro exchange rate: GBP/EUR eases despite Brexit recession fears being ‘put to bed’
The pound euro exchange rate eased today, with the pairing currently trading around €1.109 after the UK’s growth figure for August fell from 0.4 percent to 0.1 percent. John Hawksworth, the Chief Economist at PwC, said that today’s figures had “put to bed” fears for a recession in the third quarter of 2019, but urged caution, warning of a problematic ...
Read More »Pound euro exchange rate: GBP/EUR eases despite Brexit recession fears being ‘put to bed’
The pound euro exchange rate eased today, with the pairing currently trading around €1.109 after the UK’s growth figure for August fell from 0.4 percent to 0.1 percent. John Hawksworth, the Chief Economist at PwC, said that today’s figures had “put to bed” fears for a recession in the third quarter of 2019, but urged caution, warning of a problematic ...
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