Gross domestic product increased 0.6 percent in the first quarter, after shrinking the two previous quarters.
Tag: Recession and Depression
Britain Shakes Off Recession as Economy Grows Faster Than Expected
Gross domestic product increased 0.6 percent in the first quarter, after shrinking the two previous quarters.
Bank of England Will Overhaul Its Forecasting After Inflation Surprises
The review, which was led by Ben S. Bernanke, a former Federal Reserve chair, came after the central bank had been criticized for underestimating inflation.
Welcome to Japan, Where the Bad News Is the Good News
The trend lines may be grim, but the Japanese aren’t sweating them.
Global Economy Is Heading Toward ‘Soft Landing,’ I.M.F. Says
The International Monetary Fund upgraded its growth forecasts and offered a more optimistic outlook for the world economy.
Global Economy Shows Signs of Resilience Despite Lingering Threats
The International Monetary Fund upgraded its global growth forecast for 2023.
Greek Youths, Shaped by Debt Crisis, Plan to Vote for Stability
Many children of Greece’s traumatic years of economic collapse have opted for pragmatism over radicalism and say they will back a conservative on Sunday.
World Bank Projects Weak Global Growth Amid Rising Interest Rates
A new report projects that economic growth will slow this year and remain weak in 2024.
Can Australia Escape a Recession?
“Whether it’s a technical recession or not, we certainly are going to be in for difficult times,” one economist said.
UK Announces Billions in Tax Increases and Spending Cuts
The government is betting that the plan will put public finances back on sound footing but acknowledges that the measures are likely to deepen the economic misery for Britons.