This year was supposed to confirm the world economy's comeback from the Covid pandemic crisis. Instead, the six-month-old war in Ukraine has sparked fears of recession.
Britain's economy shrank in the second quarter, official data showed Friday, as the country heads towards recession under a new prime minister.
The US economy contracted for a second straight quarter between April and June, government data showed Thursday, fueling recession fears just months before key midterm elections in a blow for President Joe Biden.
The business climate in Germany worsened "significantly" in July, according to a key survey published Monday, as an energy crisis pushed Europe's largest economy closer to a recession this year.
Markets swung Monday as traders fret over a possible recession caused by central bank interest rate hikes aimed at fighting soaring inflation.
Asian and European stock markets mostly nursed losses Wednesday on resurgent fear that sharp interest rate hikes, aimed at tackling runaway inflation, could spark a recession, dealers said.
The euro retreated against the dollar Thursday as economic data pointed to increased prospects of a recession in Europe, while Wall Street stocks finished higher following another volatile session. US stocks overcame a midday sag as Federal Reserve Chair Jerome Powell, in a second day of testimony on Capitol Hill, downplayed the idea that government…
The eurozone economy posted robust growth last year, official data showed Monday, but fallout from the Omicron variant and an energy crunch have raised doubts about the bloc's ability to sustain the pace.
2 Dec 2021
Brazil's economy, the largest in Latin America, slid into recession in the third quarter of the year as agricultural production dropped, the government said Thursday.
5 Oct 2021
US Treasury Secretary Janet Yellen warned Tuesday that a US debt default could trigger another recession, as an October 18 deadline approaches.
28 Sep 2021
For Nigeria to withstand economic distortions, stakeholders have advised that it must take critical lessons from the global recessions especially, from the recent COVID-19 pandemic induced recession.
27 Jun 2021
Osita Okechukwu, the Director-General of Voice of Nigeria (VON), is a chieftain of governing All Progressives Congress (APC). In this interview with LEO SOBECHI