Germany’s Recession Is EU’s First Falling Domino
According to experts, Germany’s recession is seen as the first falling domino within the EU, given that Germany has long been the flagship and a powerhouse of Europe. Germany entered a technical recession in the first quarter of 2023, according to recent figures from the Federal Statistical Office. What’s behind the new trend and what […]
Fed Expects Banking Crisis To Cause A Recession This Year, Minutes Show
The minutes from the March meeting of the Federal Open Market Committee show that the Fed expects a banking crisis to cause a recession this year.
Big US Banks Prepare For Recession
Major US banks have reported mixed results for the fourth quarter, as bank executives pointed to the rising odds of a “mild recession,” with inflation and interest rate hikes challenging households and businesses. It seems like big US banks are preparing for a mild recession.
FedEx CEO Predicts Worldwide Recession
After FedEx failed expectations for revenue and earnings in its first quarter, the CEO became pessimistic. Additionally, the business revoked its full-year guidance. The FedEx CEO has predicted a worldwide recession.
US Economy Slips Into Recession As Inflation Weighs On Growth
The recent GDP report has revealed that the US economy is slipping into a recession as inflation weighs on growth, but according to Morgan Stanley, this year’s third quarter will see better growth.