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Tag Archives: recession

Fitch sees “deep global recession” just 10 days after forecasting slow economic growth

In a frightening reminder of how quickly the coronavirus epidemic spread around the world, Fitch Ratings changed its view of the global economy in 2020 from slow growth in just 10 days to a “deep global recession”. “The pace at which the coronavirus pandemic is developing has made another round of major cuts necessary for us [gross domestic product] Forecasts, …

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Prepare for the “deepest recession ever,” BofA analysts say, as the number of unemployment claims rises to 6.6 million

There are no parallels to the pandemic slowdown that the U.S. economy is currently struggling with, forcing economists like Bank of America Global Research to predict a much worse outlook for the U.S. economy than it did two weeks ago had offered. BofA researchers said Thursday that the upcoming recession “seems to be deeper and longer than we thought 14 …

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This forecast barely predicts growth in US equities next year – and a big decline when it comes to a recession

First, the good news – even if it's not great. In a new forecast, Oxford Economics expects the global economy to stabilize in the first half of next year. "We believe that the economic trough is near its new structural growth rate. With poor demographics, years of accumulation of weak public and private investment, and continuing weakness in productivity, we …

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The German economy barely avoids the technical recession

Germany barely avoided a technical recession after recent figures showed that the country's economy grew by 0.1% in the third quarter. German GDP (gross domestic product) was above analysts' expected decline of -0.1%. Every year, the economy grew by 0.5% from July to September, reported the Federal Statistical Office. Second-quarter growth was revised from -0.1% to -0.2%, and two consecutive …

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The UK economy avoids a recession with third-quarter growth recovering

An employee works at a Ford plant on January 13, 2015 on an engine manufacturing line. Carl Court | Getty Images News | Getty Images The UK economy has not fallen into a technical recession after official data released Monday gross domestic product (GDP) at 0.3%. The data point to a rebound in second quarter gross domestic product (GDP) shrank …

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Bond yields are rising and the eerie warning of a recession everyone was talking about has disappeared

The bond market has officially shut down its recession alert, pointing to the potential for stronger growth. Since the summer, when fears of a global economic collapse hit the bond market, conditions on the financial market and in the economy have worsened. Similarly, the prospects for trade talks between the US and China, and as a result, yields on bonds …

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Two of the world's largest economies are in danger of recession

Investors have recently set aside fears about the pace of global growth and opted for optimism in a "Phase 1" US-China trade agreement. However, subdued economic data expected in Europe this week could change sentiment. Germany could publish data on Thursday indicating that the country is in recession. Economists interviewed by Reuters estimate that the world's fourth-largest economy shrank by …

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Hong Kong leader warns of new recession

Image Rights Getty Images Hong Kong leader Carrie Lam said that the territory is likely to see negative growth for the year as months of protests hit the economy. The riots have disturbed businesses and hit tourism and retailers particularly hard. The warning is ahead of Thursday's preliminary gross domestic product numbers, which are expected to show that Hong Kong …

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