 "What is Recession?")
Recession
What is Recession?
A recession is when the GDP growth rate of a country is negative for two consecutive quarters or more. But a recession can be gauged even before the quarterly gross domestic product reports are out based on key economic indicators like manufacturing data, decline in incomes, employment levels etc.,
Although an economy can show signs of weakening months before a recession begins, the process of determining whether a country is in a true recession (or not) often takes time. A recession is short, but its impact can be long-lasting.
Why do recession occur?
Understanding the sources of recessions has been one of the
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Latest Updates on Recession
Wall Street traders suddenly converge on the economic hazards ahead
Stocks decouple, sell-off; Recession odds climb
 "Wall Street traders suddenly converge on the economic hazards ahead")
Property slump, weak consumption drags down China's economic recovery
Industrial production also rose more slowly than the previous month, showing a 5.1 per cent year-on-year increase in July, compared to a 5.3 per cent rise in June
 "Property slump, weak consumption drags down China's economic recovery")
10 things global fund managers are saying about equity markets; check here
A total of 220 panelists with $590 billion worth of assets under management (AUM)) participated in a survey conducted by BofA Securities between August 2 and August 8
 "10 things global fund managers are saying about equity markets; check here")
US Fed's high rates spur slowdown fear, heightens chances of recession
The turmoil shaking global financial markets reflects a sudden fear that the Federal Reserve may have held its key interest rate too high for too long, heightening the risk of a US recession.
 "US Fed's high rates spur slowdown fear, heightens chances of recession")
Federal Reserve's policymakers signal rate cuts ahead, but not recession
US stocks fell steeply on Monday amid fears the US central bank has waited too long to begin cutting interest rates
 "Federal Reserve's policymakers signal rate cuts ahead, but not recession")
No quick fixes for India's jobs crisis
If policymakers pay attention to the needs of the country and act on them, the outcomes will be visible a decade from now-but doing nothing is not an option
 "No quick fixes for India's jobs crisis")
UK exits recession with better-than-expected forecast 0.6% GDP growth
The Office for National Statistics said gross domestic product expanded by 0.6 per cent in the three months to March, the strongest expansion since the fourth quarter of 2021
 "UK exits recession with better-than-expected forecast 0.6% GDP growth")
Euro zone economy rebounds from recession as inflation steadies
The fourth quarter GDP figure was also revised down to a negative 0.1% from a previous 0.0%, meaning that the euro zone was in a technical recession in the second half of 2023
 "Euro zone economy rebounds from recession as inflation steadies")
NZ slips into its second recession in 18 months as economy contracts
The country's economy shrank by 0.1 per cent in the quarter to December, and 0.7 per cent in per capita terms, the New Zealand's official statistics agency, Stats NZ, announced on Thursday
 "NZ slips into its second recession in 18 months as economy contracts")
JP Morgan chief Jamie Dimon warns US recession 'not off the table' yet
Dimon said economic indicators have been distorted by Covid-19 and he takes them with "a grain of salt," saying the Fed should wait for more clarity before lowering interest rates
 "JP Morgan chief Jamie Dimon warns US recession 'not off the table' yet")
85% of small US businesses show optimism for growth in 2024: Survey
Eighty-five percent of all small businesses surveyed said they were satisfied with the success of their business, and 86 per cent said they achieved their 2023 business goals
 "85% of small US businesses show optimism for growth in 2024: Survey")
UK economy slips into recession; Japan loses third-largest economy title
Rishi Sunak, who came into power in October 2022, had made five major promises after assuming office, including taming down inflation and growing the United Kingdom economy
 "UK economy slips into recession; Japan loses third-largest economy title")
Besides avoiding recession, US also creating hundreds of thousands of jobs
The strong hiring and wage growth could complicate or delay the Federal Reserve's intention to start cutting interest rates later this year
 "Besides avoiding recession, US also creating hundreds of thousands of jobs")
Economists increasingly sure US will avoid recession, shows survey
Also, inflation has been falling faster than expected, and the labor market is cooling but not collapsing
 "Economists increasingly sure US will avoid recession, shows survey")
UK economy grew more than expected in Nov but still risks recession
Britain's economy struggled to gain momentum in 2023, as households were squeezed by rapid inflation and the highest Bank of England (BoE) interest rates in 15 years
 "UK economy grew more than expected in Nov but still risks recession")
Dry weather, export curbs to strain global 2024 staple food supplies
Global wheat, corn and soybean prices - after several years of strong gains - are headed for losses in 2023 on easing Black Sea bottlenecks and fears of a global recession
 "Dry weather, export curbs to strain global 2024 staple food supplies")
UK recession might be under way after economy shrinks in Q3: Report
Q2 output also cut to 0.0% from 0.2% growth
 "UK recession might be under way after economy shrinks in Q3: Report")
Germany's woes worsen as economy likely to shrink again in current quarter
Europe's biggest economy contracted by 0.1 per cent in the third quarter after growing by the same amount in the previous three-month period, according to official figures
 "Germany's woes worsen as economy likely to shrink again in current quarter")
UK's stagnating economy fails to grow but sidesteps start of a recession
In the month of September alone, Britain's economy grew by 0.2% from August when growth was revised down to 0.1% from 0.2%
 "UK's stagnating economy fails to grow but sidesteps start of a recession")
M&A activity dips amid geopolitical concerns, only 5 mega deals this year
By the end of August 2023, about 21,500 M&A deals had been announced, with a total value of $1.18 trillion. This represents a 14 per cent decrease in the number of deals
 "M&A activity dips amid geopolitical concerns, only 5 mega deals this year")
