Interest rates have stopped rising, but 2023 hikes could still cause recession for some economies: Central banks in the US, UK and Europe have been trying to slow inflation without creating a recession. eamesBot/Shutterstock Central banks on both sides of the Atlantic kept their main interest rates unchanged for the fourth successive month in December …
Degrowth isn’t the same as a recession – it’s an alternative to growing the economy forever: lovelyday12/shutterstock The UK economy unexpectedly shrank by 0.3% in March, according to the Office of National Statistics. And though the country is likely to narrowly avoid an official recession in 2023, just as it did the previous year, the …
How a new and improved furlough scheme could help the UK tackle recession and economic uncertainty: Pandemic-era government support allowed companies to furlough employees while keeping them on the payroll. ImageFlow / Shutterstock The UK economy is on the brink of a recession while also experiencing weeks of financial volatility following the launch of the …
Is the UK in a recession? How central banks decide and why it’s so hard to call it: The Bank of England has indicated that the UK may have already entered a recession based on preliminary data. Craig Hastings / Shutterstock Last week, UK chancellor Kwasi Kwarteng launched a bid to boost economic growth with …
The world’s democratic recession is giving China more power to extend authoritarianism: Over the last decade, the number of countries considered to be liberal democracies has contracted from 41 to 32, back to the same level as in 1989. In the same period, 87 other countries were labelled as closed autocracies or elected autocracies. A …
Inflation, recession fears and tax cuts: any new UK chancellor faces an unenviable in-tray: The flood of ministerial resignations from UK prime minister Boris Johnson’s government in recent days started with Rishi Sunak’s resignation as UK chancellor of the exchequer on July 5 2022, alongside health secretary Sajid Javid’s. His resignation letter cited differences of …
Is a major recession unavoidable? Three economists give their views: It's not looking good. Ladanifer We are in a double bind right now. Prices are going through the roof but all the signs suggest that the economy is weakening. The answer to higher prices is normally to raise interest rates, but this also induces people …
What is an inverting yield curve and does it mean we’re heading for a recession?: Not looking healthy. hafakot One key predictor of downturns in the economy is what is known as the yield curve. This typically refers to the market for what the US government borrows, by issuing bonds and other securities that mature …
South Africa in the news: South Africa slips into recession: WHEN Cyril Ramaphosa became president in February, replacing the disastrous Jacob Zuma, South Africans felt a brief thrill of “Ramaphoria”. Half a year later, a chillier reality has set in. South Afri…: “South Africa” – BingNews CORRECTED-FACTBOX-Rugby Championship – Australia v South Africa: 15-Israel Folau, …
South Africa in the news: Africa’s Second-Largest Economy South Africa Enters Recession: SA has plunged into a recession with a surprise 0.7% contraction in the second quarter of the year. In other news, on Tuesday morning the rand slumped to more than R15 to the U.S. dollar. That optimis…: “South Africa” – BingNews JUST IN: …
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South Africa in the news: Nigeria, South Africa likely out of recession: Africa’s two biggest economies likely emerged from recession in the second quarter but strong growth won’t show up until business confidence is restored, a Reuters poll suggested on Friday. Nigeria and South Africa have both benefited from a recovery …: “South Africa” – …
South Africa’s in a recession. Here’s what that means: The bad news keeps piling up for South Africa's economy. Shutterstock South Africa has been rocked by news that it has slipped into a recession after its gross domestic product (GDP) declined 0.7% during the first quarter of 2017 after contracting by 0.3% in the fourth …
South Africa in the news: Gigaba to meet business leaders to address SA’s slump to recession: This comes as Statistics South Africa said on Tuesday that the South African economy has entered a recession for the first time since 2009, after growth contracted by 0.7 percent in the first quarter of the year. The economy …
South Africa in the news: South Africa edges toward recession with drop in mining: South Africa’s economy contracted by 1.2% in the first quarter of 2016, the country’s statistics agency announced (PDF) Wednesday (June 8), sparking fears of an impending recession. The worse than expected gross domestic product (GDP) figures from …: “South Africa” – …