What does a US recession mean for the global economy?
2 years, 4 months ago

What does a US recession mean for the global economy?

The Telegraph  

The United States has entered a recession after a surprise contraction during the second quarter of the year. It followed a 1.6pc annualised decline in the first quarter – marking two quarters of negative growth. That is a so-called technical recession, and almost anywhere in the world would likely be recorded as an official recession. The US works a little differently, with the ‘official’ designation of a recession handled by experts at the National Bureau of Economic Research, a non-profit based in Massachusetts. Jason Furman, a senior fellow at the Peterson Institute for International Economics and former adviser to Barack Obama, puts an “over 50pc” chance on one of the readings being revised back to growth territory.

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History of this topic

A recession in America by 2024 looks likely
4 months, 1 week ago

A recession in America by 2024 looks likely

Live Mint  

Not long ago recessions seemed to strike America roughly once a decade. But because the world economy, asset markets and America’s politics are all fragile, it may yet have nasty and unpredictable consequences. An American recession would land another blow on vulnerable parts of the global economy by curbing demand for their exports. But after over a decade of cheap …

Experts are warning of a global recession. Here’s what that actually means
4 months, 2 weeks ago

Experts are warning of a global recession. Here’s what that actually means

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors …

A ‘rolling recession’ or a ‘richcession’ might spare the US economy from a full-scale downturn
1 year, 5 months ago

A ‘rolling recession’ or a ‘richcession’ might spare the US economy from a full-scale downturn

Associated Press  

WASHINGTON — Despite more than a year of widespread warnings that a recession was near, America’s economy is, if anything, accelerating. Even as the Federal Reserve has sent borrowing costs sharply higher, the economy’s resilience has been on plain display: Consumers keep spending, and employers keep hiring. Here’s how it could all play out in the United States: IT’S A …

What is a recession? Are we experiencing one now?
1 year, 7 months ago

What is a recession? Are we experiencing one now?

ABC  

What is a recession? The documents showed that, late last year, RBA staff were discussing the likelihood of Australia's economy falling into recession this year and next if the bank kept rapidly lifting interest rates. The "Sahm Rule" tells us when the economy's in recession, and why stimulus payments should start flowing immediately, writes Gareth Hutchens. And as the RBA …

How will we know if the US economy is in a recession?
1 year, 7 months ago

How will we know if the US economy is in a recession?

Associated Press  

WASHINGTON — The government’s report Thursday that the economy grew at a 1.1% annual rate last quarter signaled that one of the most-anticipated recessions in recent U.S. history has yet to arrive. The economy’s direction has confounded the Fed’s policymakers and many private economists ever since growth screeched to a halt in March 2020, when COVID-19 struck and 22 million …

How will we know if the US economy is in a recession?
1 year, 7 months ago

How will we know if the US economy is in a recession?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The economy's direction has confounded the Fed's policymakers and …

How will we know if the US economy is in a recession?
1 year, 10 months ago

How will we know if the US economy is in a recession?

Associated Press  

WASHINGTON — The second consecutive quarter of economic growth that the government reported Thursday underscored that the nation isn’t in a recession despite high inflation and the Federal Reserve’s fastest pace of interest rate hikes in four decades. The economy’s direction has confounded the Fed’s policymakers and many private economists ever since growth screeched to a halt in March 2020, …

Is the US economy in a recession and taking the world with it?
2 years, 2 months ago

Is the US economy in a recession and taking the world with it?

Al Jazeera  

The US is facing rising recession fears as the Federal Reserve remains bullish in fighting high inflation. 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 …

US economy shrank from April through June, second time in a row
2 years, 2 months ago

US economy shrank from April through June, second time in a row

Al Jazeera  

The United States economy continues to send mixed signals with some believing it is on the brink of a recession while others point to a stronger than usual jobs market. Battered by surging consumer prices and rising interest rates, the United States economy shrank at a 0.6 percent annual rate from April through June, the government has announced, unchanged from …

United States recession fears grow as economy contracts for second quarter
2 years, 4 months ago

United States recession fears grow as economy contracts for second quarter

ABC  

The United States economy has unexpectedly contracted in the second quarter, with consumer spending growing at its slowest pace in two years and business spending declining, raising speculation the economy is on the cusp of a recession. Key points: Prices for groceries, petrol and other basics increased at the fastest pace since 1981 Job growth averaged 456,700 per month in …

EXPLAINER: How do we know when a recession has begun?
2 years, 4 months ago

EXPLAINER: How do we know when a recession has begun?

Associated Press  

WASHINGTON — The U.S. economy has contracted for two straight quarters, intensifying fears that the nation is on the cusp of a recession — if not already in one — barely two years after the pandemic recession officially ended. While most economists — and Fed Chair Jerome Powell — have said they don’t think the economy is in recession, many …

If the US is in a recession, It’s a very strange one
2 years, 5 months ago

If the US is in a recession, It’s a very strange one

Live Mint  

The U.S. economy has experienced 12 recessions since World War II, and each one included two features: Economic output contracted and unemployment rose. “I would be surprised if there were a recession without much job loss," said Gregory Mankiw, a Harvard University economics professor. Robert Gordon, a Northwestern University economics professor and member of the NBER’s business cycle dating committee, …

What is a recession? When is the next one going to begin? – Firstpost
2 years, 5 months ago

What is a recession? When is the next one going to begin? – Firstpost

Firstpost  

According to America’s National Bureau of Economic Research, a recession is ‘a significant decline in economic activity’ that is widespread and lasts several months. That means not only shrinking GDP but also declining incomes, employment, industrial production and retail sales Chaotic stock markets, sky-high interest rates and the pain of inflation have left one question at the top of Americans’ …

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