Singapore economy unexpectedly shrinks as trade woes worsen

SINGAPORE: Singapore’s economy unexpectedly ... to 1.3588 against the U.S. dollar after the data. Manufacturing contracted an annualised 6% in the second quarter from the previous three months. Read More

What is a recession? The economic concept explained. What causes and happens during one.

A recession is "a contraction in economic activity," according to experts. During a recession, there is a range of decline spread across the economy. Read More

Singapore Economy Expands Slower Than Expected in First Quarter

Singapore’s economy expanded slower than economists forecast, as a spending boost from increased tourism spurred by Taylor Swift concerts failed to offset a decline in manufacturing output.Most Read ... Read More

Recession unlikely for global economy but challenges linger on

THE global macroeconomic picture is still more sluggish than investors ... to Singapore sees the city-state registering a 0.5% year-on-year (y-o-y) growth rate for the second quarter of the ... Read More

World moving towards recession but Indian economy expanding continuously: Experts on IMF report

After the IMF's World Economic Outlook forecast that India is set to remain the fastest-growing among major economies in 2024, experts hailed the IMF projections and highlighted that the Indian ... Read More

What is a recession and how could it affect me?

It can choose to spend more on things like benefits and public services, or cut tax rates. When the economy shrinks and a country goes into recession ... quarter of 2023, which was much better ... Read More

What Could A Recession Mean For The Gig Economy?

And this is likely to continue, with some experts predicting that more than ... a potential recession. I think we saw a jump in gig workers in the last few years for a reason. As economic ... Read More

Powell: ‘No reason’ to think economy is close to recession

Federal Reserve Chair Jerome Powell said Friday that there’s “no reason” to think the U.S. economy is close to a recession ... a major economic downturn. After peaking at 9.1 percent ... Read More

'Delayed' Recession Warning Issued for US Economy

The U.S. economy ... the recession many feared would hit the U.S. in 2023, but failed to do so, might still materialize if the labor market slows. "We've had more strength in employment than ... Read More

UK economy may enter recession in 4Q

LONDON: Goldman Sachs Group Inc expects the United Kingdom economy ... for quarter-point increases in November and December. “We see risks as skewed towards a more severe and protracted ... Read More

Slow GO May Mean a Recession Soon

Mark Kelly The Bureau of Economic Analysis last week estimated that real gross domestic product grew at a robust annual rate of 3.4% in the fourth quarter of 2023 and 2.5% for the year. Read More