Recession

Global economy 'poised for a soft landing': IMF

The IMF's growth projections are low by historical standards, underscoring the challenges faced by the global economy as it continues its recovery from the Covid-19 pandemic, which wrought economic damage to many countries around the world.

Singapore reports job slowdown: How this will affect Indians residing there

Singapore's total employment has expanded at a slower rate and job vacancies have shrunk for the fourth straight quarter. This is bad news for Indian professionals in Singapore, whose numbers have almost doubled from 13 per cent to 25 per cent between 2005 and 2020

Eurozone slips into recession, shrunk by 0.1% for second consecutive quarter

Eurostat has also revised down an earlier forecast that had predicted slight growth, after economic powerhouse Germany last month said it had fallen into recession

Europe's largest economy succumbs, Germany declares recession

Germany's GDP declined by 0.3 per cent in the period from January to March. It follows a drop of 0.5 per cent in Europe's largest economy during the last quarter of 2022

Explained: How a US debt default would affect the global economy

The repercussions of a first-ever default on the US federal debt would quickly reverberate around the world. Experts say that 'no corner of the global economy would be spared'

Explained: Why a recession is likely to hit the US

From increased inflation to US banks going bust and weakened demand for diesel, several factors have intensified fears of a recession in the United States. Experts say a recession remains ‘likely’ this year and that the Federal Reserve is in a tight spot

The US economy expects a recession soon: How will we know when it begins?

The US economy grew at a 1.1 per cent annual rate last quarter, signalling that one of the most-anticipated recessions in recent US history has yet to arrive. Many economists expect it to hit as soon as the current April-June quarter

Severe recession likely next year, economy headed into a ‘Bermuda Triangle’ of financial crisis: Nouriel Roubini

Noted economist Nouriel Roubini said as central bankers continue to tighten monetary policy, the economy was risking another financial crisis

After quiet quitting, comes quiet hiring: Is this new workplace trend helping or hurting employees?

Quiet hiring is all the rage these days. This practice, which experts say is going to continue this year and maybe in the next, involves organisations obtaining new talent without hiring new employees. However, this trend has already attracted criticism from many, especially the quiet quitters

UK narrowly avoided recession in 2022, fears loom for economy this year

Economists remain divided on whether the UK will enter or avoid an economic downturn this year, but the Bank of England expects the country to enter recession but much shorter and shallower than previously feared.