You Searched For "GDP contraction" and got 20 results
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2 mins read
A 2nd straight quarter of GDP contraction shows the Fed is on the back foot in its fight against inflation, says Mohamed El-Erian
"Yes, inflation is going to come down on a headline level, but it's not going to come down fast eno…
Jennifer Sor
3 mins read
The US economy just shrank. Here's why you shouldn't be worried.
Yes, the first-quarter GDP report showed the economy backsliding. But a closer look at the details …
Ben Winck
2 mins read
One of Wall Street's biggest bulls is growing increasingly worried about a stock market meltup
"The problem with meltups is that they do need to meltdown," market veteran Ed Yardeni told CNBC on…
Matthew Fox
2 mins read
China's stock markets have lost $6.3 trillion since 2021. This year's not looking better.
China's economy continues struggling to recover post-pandemic and is facing significant headwinds f…
Huileng Tan
3 mins read
India’s first quarter GDP may surpass RBI MPC projection
The Indian GDP may surpass the latest Reserve Bank of India projections for the first quarter of…
2 mins read
Larry Summers says a US recession is very likely, as the market braces for weak Q2 growth figures
A first look at US growth figures is due out Thursday, with some analysts expecting the economy to …
Harry Robertson
2 mins read
The stock market's 'buy' signal is dead as the monster rally surges closer to overbought levels, Bank of America warns
A contrarian indicator in the stock market is now in neutral territory, Bank of America said.
Jennifer Sor
1 min read
Europe will spiral into a severe recession as the energy crisis hikes inflation and weighs on GDP, BlackRock says
A severe recession is "inevitable" for Europe as the energy crisis worsens and the ECB continues to…
Jennifer Sor
1 min read
US stocks rise as investors digest comments from central bankers and assess outlook for the economy
US stocks edged slightly higher on Wednesday. Bitcoin briefly dipped below $20,000 as crypto contin…
Jason Ma
2 mins read
Deutsche Bank says the US is heading for a deeper recession than previously expected, with unemployment set to jump
Deutsche was the first big bank to predict a US recession in April. It now says the downturn will b…
Harry Robertson
2 mins read
The US will tip into a long recession this year as the Fed hikes interest rates hard, investment bank Nomura says
The US economy will grow just 1.8% this year before shrinking by 1% in 2023, driving up unemploymen…
Harry Robertson
2 mins read
Spiking COVID cases raise risk of a W-shaped economic cycle with a 2nd downturn, IHS Markit says
Global GDP growth should still a "bounce and fade," but soaring COVID-19 case counts "increased the…
Ben Winck
5 mins read
US GDP report showed 'how big of a hole we have to dig ourselves out of': Here's what 5 economists are talking about following the record output slump
"We have never seen a quarter like the last one, and hopefully we never will again," wrote Eric Win…
Carmen Reinicke
4 mins read
China's economy looks set for a much-vaunted V-shaped recovery, while the rest of the world lags behind. Here's why.
Christophe Barraud, chief economist at Market Securities, said Europe or US will not see Q4 2019 gr…
Saloni Sardana
2 mins read
The US economy could take nearly a decade to recover from the coronavirus pandemic, according to the CBO
The $3.3 trillion in stimulus provided by Congress will only "partially mitigate the deterioration …
Carmen Reinicke
2 mins read
Eurozone GDP shrinks at the fastest rate in history, losing 12.1% in the second quarter
Spain was the country hit hardest by the pandemic in Europe, suffering an 18.5% decline compared to…
Saloni Sardana
2 mins read
Global economy to shrink 'disastrous' 4.7% in 2020 amid post-pandemic scarring, Bloomberg economists forecast
Output won't fully rebound until the second quarter of 2021 as unemployment lingers and consumer co…
Ben Winck
2 mins read
US GDP could slump by as much as 42.8% in the 2nd quarter, Atlanta Fed says
In the last week, a slew of negative reports showed further damage to the US economy from sweeping …
Carmen Reinicke
1 min read
JPMorgan says Russia's economy is stronger than expected and will only suffer a shallow recession despite sanctions
"The data at hand do not point to an abrupt plunge in activity" in Russia, JPMorgan said, "at least…
Harry Robertson
3 mins read
The OECD said coronavirus has triggered the worst global recession in almost 100 years — and laid out 2 scenarios for its impact on the world economy
The OECD said global output will shrink by 7.6% this year if a second wave of COVID-19 cases break …