Consumer spending in the United States keeps the economy afloat. And, June consumer spending boosts the US economy. This year, the US is likely to skip the recession.

US economy will skip recession in 2023: Data

Positive news for the typical American who is concerned about the economy's slowdown. The United States stands a greater chance of avoiding recession this year, according to the global investing powerhouse Goldman Sachs.

US to miss recession in 2023, says Goldman Sachs

Artificial intelligence (AI) and the risk of a recession are expected to be hot topics of discussion among financial professionals and investors during July 4 cookouts and similar gatherings, according to Markets live pulse survey by Bloomberg.

Burgers, Beer, and Brainy Bots: AI Takes Center Stage at July 4 Cookouts with Financial Pros

New Zealand’s economy slipped into recession on Thursday with first quarter Gross Domestic Product falling 0.1 per cent. This follows a revised 0.7 per cent drop in GDP in the fourth quarter of 2022, technically pushing the country into recession following two consecutive quarters of contraction.

New Zealand slips into recession as GDP falls 0.1 per cent in March quarter

The eurozone entered a technical recession in the first three months of 2023 as soaring energy prices and rising interest rates drove inflation higher. The eurozone is made up of 20 member countries of the European Union (EU) that have adopted the euro (€) as their primary currency and sole legal tender.

Euro zone enters recession after Germany, Ireland growth revision

The World Bank has issued a warning that a third of the global economy will be in recession this year. This comes as the war continues in Ukraine, inflation soars, and interest rates continue to spike.

Global economy slows down, developing economies to face trouble: World Bank

Germany, the world's fourth-largest and Europe's largest economy, has become the first major economy to enter recession. However, a large number of people across the world already feel their economy is in a state of recession.

This global survey shows fear of recession is far more widespread than actual recession

Germany, long touted as Europe’s growth engine and the world’s fourth largest economy, entered recession as its Gross Domestic Product fell 0.3 per cent in the first quarter of 2023.

Explained | How recession in Germany will impact the Indian economy

German Chancellor Olaf Scholz says he plans to speak to Russian President Vladimir Putin "in due course", holding out the prospect of resuming contact after a near-total breakdown in relations since the Ukraine war.

Amid recession, Germany's Scholz says plans to speak to Putin 'in due course'

World’s fourth-largest economy and Europe’s largest, Germany, has entered into recession after the country’s GDP recorded its second quarterly contraction. The country’s Gross Domestic Product (GDP) from January to March quarter fell by 0.

Germany, world’s fourth-largest economy, enters recession

Germany's statistics office on Thursday released data for Europe's largest economy, marking the country's second contraction in as many months.

German economy shrinks over the last 6 months | Guest Interview

An economic recession in the US soon? Well, the Wall Street believes that recession has already arrived. US corporate earnings are experiencing what might become the worst prolonged drop in the last seven years.

United States already in a recession? Yes, the Wall Street feels so

Oil prices experienced a 2% drop as concerns over the US debt ceiling standoff and rising jobless claims weighed on market sentiment. The stronger US Dollar further added pressure to crude prices, reaching its highest level in a week against major currencies. Brent crude fell to around $75 per barrel from $78 earlier in the week, sparking recession fears amidst global economic concerns and political tensions. While this may imply cheaper fuel prices, a stronger dollar can strain countries that import oil.

Recession fears ignite oil market turbulence

The debt limit timebomb is ticking for the Biden administration. The question looming now is: Will President Joe Biden & Republican lawmakers be able to break the deadlock? They are scheduled to meet on Tuesday, led by Speaker Kevin McCarthy.

Will the US debt limit crisis end soon?

Crude oil prices climbed higher on Monday as concerns about a possible recession in the United States eased. This decline, marking the first time since November that crude had registered three straight weeks of drops, was attributed to concerns over near-term demand and elevated supplies.

Oil prices rally on strong US jobs report, easing recession fears

A fight between Republicans and Democrats over the debt limit ceiling could send the US economy into a recession even if the standoff doesn't actually trigger a debt default, analysts say.

Analysts: US debt limit standoff could lead to recession

The world fears that the US will enter a recession by the end of 2023. Investors are now eagerly looking to beat the recession and keep their investments safe. In such a volatile environment, one man could be their saviour - the oracle of Omaha - Warren Buffett.

Investors bet on Warren Buffet amid recession fears

Activity at American factories continued to contract for the sixth straight month in April. According to the institute for supply management (ISM), the US manufacturing activity measured by an index stood at 47.1 last month.

US manufacturing contracts for the sixth straight month

Oil prices rose on Thursday, paring earlier losses. But the recovery is too little after the commodity slipped more than 4% overnight.

Crude prices slip 4% over recession fears

The World Monetary Fund Chief Kristalina Georgieva, citing the Russian invasion of Ukraine and the economic fragmentation, has some bad news for the world economy. She has anticipated that global economic growth will be about three percent for the next five years, which is the poorest five-year growth prediction since 1990.

IMF Chief: World to grow at 3% for 5 years

A factory gauge based on business data revealed that manufacturing output in the United States fell for the fifth consecutive month in March, reaching its lowest level in three years.

Economists: Manufacturing numbers indicate a recession soon

The potential for recession which has outweighed a surge in demand from China and as the new worries emerge over global banking sector, Goldman Sachs has nudged its forecast down for all prices.

Recession fears to balance surge in China's oil demand

Tech companies have been firing employees left, right & centre. Is your job at risk too? Molly Gambhir tells you more.

Gravitas Plus: Fear Of Recession Looms | How Does It Affect Your Job?

One important conclusion has emerged following a mixed earnings season in Australia: things will only get worse. Negative profit surprises were reported by 158 S&P/ASX 200 index companies, or almost 41% of them, when they released their half-year results in February.

Cracks beginning to form in Australia's economy

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