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The Latest Breaking News from Recession

OPINION - Jeremy Hunt can learn more from London Fashion Week than style tips

Last month we celebrated the 40th anniversary of London Fashion Week. With a technical recession just declared, Chancellor Jeremy Hunt may have had other things on his mind — but he should take notice, and not just for style tips.

Evening Standard

What Is a Soft Landing?

A soft landing starts with the Fed and is achieved if the central bank brings inflation down without pushing the economy into a recession.

Kiplinger

Stocks Could Remain Strong (Fingers Crossed) Throughout 2024

Reasons for optimism: The worst of inflation appears to be behind us, the Fed could start cutting rates, and it seems we’ll avoid a hard landing or recession.

Kiplinger

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British Airways owner’s annual profits soar to £2.3bn on leisure boom

IAG says demand has remained robust despite UK recession, with capacity close to pre-Covid levels

The Guardian - UK

Jim Chalmers to push for incentives for sustainable mining amid concerns over Australian nickel

Speaking at the G20 in Brazil, treasurer will also warn that Australia easing into lower inflation without a recession is ‘not assured’

The Guardian - AU

UK 'Net Zero' Economy Bucks Recession: Study

Britain's green economy grew in 2023 to buck a broader recession, a report showed Tuesday that urged politicians heading into a general election to stick by climate-friendly investments.

International Business Times

Digested week: Recession, a shabby state of affairs – and a wait after a fall

A trip to A&E and more awards for actors while MPs struggled to hold an adult debate on Gaza

The Guardian - UK

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'UK recession already over', economists say

The recession appears set to be the shortest one possible, and among the shallowest on record

Evening Standard

What Does UK Entering Recession After Steeper-Than-Expected Fall In GDP Mean For Brits

While recessions of the past, notably during the global financial crisis of 2008-2009, were protracted and severe, indications suggest that this downturn may be milder and short-lived.

International Business Times UK

OPINION - Just a light recession – Bank of England boss is bullish on economic recovery

Well, that was quick. Bank of England governor Andrew Bailey appeared in front of Parliament today and declared, if not quite that happy days are here again, then that the recession isn't all that bad and might, in fact, already be over.

Evening Standard

UK shows signs of recovery from mild recession, says Bank of England

Bank’s governor predicts Britain’s economy will receive a boost when interest rates start to fall later this year

The Guardian - UK

UK economy bounces back with 'signs of upturn' after 'very weak' recession, says Bank of England chief

Britain’s economy is already showing “distinct signs of an upturn” after slipping into recession at the end of last year, the Bank of England’s governor said on Tuesday.

Evening Standard

Germany in recession as per Bundesbank forecast

The Bundesbank suggests that Germany may be entering a recession, signaling potential economic challenges ahead.

Top News

UK Retail Sales Surge, Indicating Rapid Economic Recovery

UK shoppers increase spending, signaling potential end to recession. Retail sales rose by 5.4% in June, exceeding expectations. Reopening of stores and eas...

Evening Standard

Retail sales grow at fastest pace since 2021 in sign that ‘economy soon moving out of recession’

That comes after an extremely disappointing December in which sales fell by 3.2%.

International Business Times

Asian Markets Rally After Wall Street Highs

Asian markets rose Friday, supported by Wall Street and eurozone records, as traders shrugged off weak US retail sales and recession in Britain and Japan.

The Guardian - UK

Polls close in Wellingborough and Kingswood byelections

Conservatives expected to lose two seats on day UK economy was announced to be in recession

The Guardian - UK

Rishi Sunak warned against fresh austerity drive to finance tax cuts

Unions outraged as Jeremy Hunt said to be considering cutting public spending to balance books in next month’s budget

The Guardian - UK

The Guardian view on the UK recession: no growth and no ideas either

Editorial: The Conservatives have presided over a shrunken British economy, and Rishi Sunak does not have a clue how to make it grow again

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