Economy News How The World Economy Could Avoid Recession The Economist

Even AI can't save the US economy from one of its biggest risks, Moody's Mark Zandi says

Moody's economist Mark Zandi warns that the trend of deglobalization will act as a headwind that could offset the boost provided by AI next year. Read More

Recessions have become ultra-rare. That is storing up trouble

Interventionist fiscal policy may have stopped demand from collapsing. But the intervention is so large that politicians are distorting the economy’s allocation of resources. The longer the recession ... Read More

Reopening government could avert recession, but risks remain, economists say

A return of federal-worker backpay and the resumption of SNAP benefits, meanwhile, is set to undo most of the economic damage incurred by the shutdown, the analysts said. Still, they added, the ... Read More

Is California, world's fifth largest economy, heading towards recession? Here's what data says

U.S. economy may be one shock away from recession — and California and New York could decide its fate. Moody’s chief economist Mark Zandi warns that nearly one-third of the U.S. economy is already in ... Read More

If New York or California enters a recession, the entire U.S. economy would be next. So how are they doing?

As two of the country's biggest states by GDP, their economies 'may be canaries in the coal mine,' one economist notes The economies of California and New York could be proverbial canaries in the coal ... Read More

Has America’s economy gone K-shaped? Here’s what to know

For those on the upper arm, things are going well. The top 10% of U.S. households now account for nearly half of all consumer spending, buoyed by record stock market highs. Hourly pay is now rising ... Read More

Trump Aides Raise Recession Fears, and Point Fingers at the Fed

Treasury Secretary Scott Bessent said some sectors were in a recession as he argued for more interest rate cuts. Read More

Could the government shutdown tip the US into a recession? Experts weigh in

The U.S. economy remains largely unscathed but pressure could mount. The U.S. economy remains largely unscathed by the government shutdown, but the nation could risk economic peril if the impasse ... Read More

Economist Mark Zandi says these 22 states have slipped into recession based on 2 clear indicators — could the ripple effects hit your wallet next?

The National Bureau of Economic Research (NBER) defines a recession as a "significant decline in economic activity that is spread across the economy and that lasts more than a few months." In practice ... Read More

Canada's GDP contracts in August, might avoid a recession in third quarter

Canada's GDP contracted in August against a consensus estimate of flat growth, data showed on Friday, and an advance estimate suggested the economy might escape a recession in the third quarter. Read More

Top economist warns: These 2 states could tip America into recession while another one is in danger zone

US recession risk 2025: The US economy is still managing to avoid a recession, but just barely, and its fate may rest on two economic powerhouses: California and New York, according to Moody’s ... Read More

Canada's economy tracking near-zero growth, but poised to dodge recession

Canada’s gross domestic product is on track to grow by 0.4 per cent in the third quarter, Statistics Canada said on Friday, positioning the Canadian economy to avoid a technical recession. Read More