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The Latest Breaking News from Recession

UK narrowly avoids recession after figures show growth flatlining

Economy contracted in December by 0.5% after expansion of 0.1% and 0.55% in previous two months

The Guardian - UK

UK avoids recession by narrowest margin but 'not out of woods yet'

THE UK avoided a recession by the thinnest of margins after the economy flatlined in the last three months of 2022, new data shows.

The National (Scotland)

UK narrowly avoids recession as the economy flatlines at the end of 2022

When counting to two decimal places, the UK managed 0.01% growth in the fourth quarter

Insider UK

From analysis to the latest developments in health,
read the most diverse news in one place.

UK narrowly avoids recession as economy flatlines at end of 2022

New figures for the last quarter of 2022 show a tiny level of growth, avoiding a second quarter of decline that defines a recession

Birmingham Post

UK ‘not out of the wood’ after narrowly avoiding recession

Bank of England still expects UK to enter ‘shallow’ recession

The Independent UK

GDP: No recession yet, but Britain’s not out of the woods

Break in Premier League games helps fuel economy slowdown

Evening Standard

FTSE 100 Live: Recession avoided in 2022, Standard Chartered bid latest

The UK looks to have avoided recession in 2022 after estimates today showed GDP unchanged in the final quarter of the year.

Evening Standard

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UK narrowly avoids recession for second time in a year but set for one in 2023

The figures come amid predictions that about one in four will be "unable to meet in full their planned energy and food bills from their post-tax income" in the 2023-24 financial year

Daily Mirror

Larry Summers compares the Fed's inflation fight to taking a medicine to fight an 'infection'—and says the 'risks are very large' that the economy tips into a recession

Former Treasury Secretary sees a soft landing as a possibility, but the risk of a recession still remains very high.

Fortune

Wait, layoffs and job growth? What's going on with the economy and is recession still coming?

WASHINGTON — Only a few months ago many economists warned that a recession was not just inevitable, it was around the corner. Inflation would take years to curb. Surging unemployment was on its way.

Los Angeles Times

As property prices retreat, top economist isn’t expecting recession

The U.S. economy is likely to avoid a recession, even with a downturn in housing and commercial real estate, economist Mark Zandi predicts.

Tribune News Service

Inflation and recession: Can the world defeat both in 2023?

No, it must accept one, per conventional wisdom. But Europe’s showing another way, though it won’t be painless either.

Al Jazeera

Another economic indicator defying predictions? Bankruptcies fell again last year

The economic lessons of the pandemic's flash recession, jobs comeback and inflation overshoot are still being studied.

Tribune News Service

3 Stocks With Surprising Growth Potential in 2023

With inflation showing signs of cooling and the probability of a recession declining, there have been slivers of optimism regarding the economic climate. Therefore, investors could benefit from buying fundamentally strong stocks General Motors (GM), Cars.com (CARS), and Apogee Enterprises (APOG), with solid growth potential. Keep reading….

StockNews.com

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Fortune

Americans are feeling the worst about their money since the Great Recession

But they're still optimistic about their financial futures.

StockNews.com

3 Stocks to Help You Build Wealth in the Market

Receding inflationary pressure and the Fed’s smaller rate hike have raised investor optimism. However, amid additional rate hike fears and associated volatilities, investors could scoop up quality stocks Johnson & Johnson (JNJ), Coca-Cola (KO), and AstraZeneca (AZN) that could help them build wealth in the market. Read on….

StockNews.com

If You Own These 3 Stocks, Sell Them Now

The strong labor market is expected to lead to continued rate hikes by the Fed, which might eventually lead to a recession. Therefore, fundamentally weak stocks Wynn Resorts (WYNN), Affirm Holdings (AFRM), and ForgeRock (FORG) might be best avoided now. Read more.

StockNews.com

3 Great Stocks to Buy More of Today

While the Fed’s interest rate increases have shown some success in easing inflation, the stronger-than-expected jobs report suggests that the Fed has more work to do. Continued interest rate hikes will likely push the economy into a recession. Amid an uncertain economic backdrop, it could be wise to buy shares…

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StockNews.com

3 A-Rated Stocks to Buy for Less Than $30

Defying market headwinds, the U.S. job market remains robust. The labor market showing resiliency has led to declining recession odds. Therefore, investors might buy top-quality stocks Albertsons Companies (ACI), American Vanguard (AVD), and AstroNova (ALOT) now. These stocks are currently trading under $30 and are A (Strong Buy) rated in…

The New Daily

Walking the ‘narrow path’: Will Australia avoid a recession in 2023 as Jim Chalmers predicts?

Treasurer Jim Chalmers isn't predicting a recession in 2023, but experts say the risk is rising as consumer spending slows.

Evening Standard

UK expected to escape recession - for now - in near-miss for the economy at the end of 2022

Festive spending spree into first Christmas free of Covid restrictions in years may keep growth on the flatline

The Guardian - UK

FTSE 100 index hits record high; CMA deals blow to Microsoft’s Activision takeover – business live

Blue-chip share index climbs on hopes that inflation has peaked, while Turkey’s stock market halts trading after main index drops 7%

The Guardian - UK

UK households to suffer £4k blow to finances this year, says report

Country likely to sidestep a protracted recession, but lasting effect of cost-of-living crisis ‘will feel like a recession’

The Independent UK

UK ‘to escape recession’ – here’s what it means for families

UK growth will remain close to zero throughout 2023, says Niesr

The Independent UK

UK to dodge recession, but one in four families will struggle with bills – Niesr

Niesr predicts that UK growth will remain close to zero throughout 2023, but avoid a technical recession.

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