Page 9 - Latest Updates on Recession
WTO slashes global 2023 trade growth forecast to 1% as recession looms
Forecast lowered from 3.4% as recession looms
 "WTO slashes global 2023 trade growth forecast to 1% as recession looms")
Cathie Wood scoops up Tesla as stock tumbles on deliveries miss in Q3
Funds backed by Wood's Ark Investment Management LLC bought 132,213 shares in Elon Musk's company on Monday, marking the firm's first purchase of Tesla since mid-June
 "Cathie Wood scoops up Tesla as stock tumbles on deliveries miss in Q3")
86% of global CEOs see recession within 12 months, finds KPMG survey
46% of corporate leaders considering job cuts over the next six months
 "86% of global CEOs see recession within 12 months, finds KPMG survey")
September's credit wipeout foretells even more pain in for US investors
The pain is just beginning for investors in US credit markets after Federal Reserve tightening and recession angst sent investment-grade bonds, high-yield debt and leveraged loans spiraling in Sept
 "September's credit wipeout foretells even more pain in for US investors")
India may not be able to completely avoid impact of global recession
Lower global commodity prices to help the economic growth
 "India may not be able to completely avoid impact of global recession")
World shares mostly lower as recession fears deepen amid oil price hike
Shares dropped in Europe and Asia on Monday while oil prices surged more than $3 a barrel amid dire warnings over energy shortages in Europe if Russia cuts off gas supplies
 "World shares mostly lower as recession fears deepen amid oil price hike")
Q4 off to shaky start as world stocks stumble to lowest since 2020
Sentiment across markets remained frail given worries that aggressive interest rate hikes from the likes of the US Federal Reserve raises global recession risks
 "Q4 off to shaky start as world stocks stumble to lowest since 2020")
Germany set to enter recession in 2023 with 0.4% decline in GDP: Report
Germany is set to enter a recession in 2023, with a decline in gross domestic product (GDP) of 0.4 per cent, according to a joint forecast published by leading economic institutes in the country
 "Germany set to enter recession in 2023 with 0.4% decline in GDP: Report")
US markets could head lower as earnings downgrades pick up pace: Chris Wood
Corporate earnings in the US, meanwhile, are likely to be under pressure amid recession fears. Analysts have already started cautioning investors as regards a drop in earnings
 "US markets could head lower as earnings downgrades pick up pace: Chris Wood")
Asian shares see worst month since pandemic's onset on recession concerns
The Asian index was set to record a staggering 12.5% drop for the month, the largest since March 2020 when the Covid-19 pandemic threw financial markets into chaos
 "Asian shares see worst month since pandemic's onset on recession concerns")
UK PM Liz Truss says tax cut was a right thing, will not change course
"We had to take urgent action to get our economy growing and that means taking controversial and difficult decisions," Truss said.
 "UK PM Liz Truss says tax cut was a right thing, will not change course")
Uber rival Lyft freezes hirings amid economic instability, recession fears
Ride-hailing platform Lyft has announced to freeze all hirings amid the economic instability and recession fears
 "Uber rival Lyft freezes hirings amid economic instability, recession fears")
World Bank President Malpass warns of stagflation, recession in Europe
In a speech at Stanford University, Malpass said there was an increased likelihood of recession in Europe, while China's growth was slowing sharply and U.S. economic output had contracted
 "World Bank President Malpass warns of stagflation, recession in Europe")
Sensex declines for sixth straight session as global rout continues
Index down 5.2% in 6 sessions; FPIs tally turns negative for Sep
 "Sensex declines for sixth straight session as global rout continues")
Chief economists' survey says global recession increasingly likely
A global recession is becoming increasingly likely due to stubbornly high inflation and real wages continuing to fall, the World Economic Forum said
 "Chief economists' survey says global recession increasingly likely")
Wall Street jumps over 1% in choppy trading as yields dip
Apple down 2.83% on move to drop iPhone production boost; US 10-yr Treasury yields ease from 12-year highs; Biogen soars on landmark Alzheimer's data
 "Wall Street jumps over 1% in choppy trading as yields dip")
World is 'edging into' a recession, warns WTO chief Ngozi Okonjo-Iweala
"The indicators are not looking good," WTO Director-General Ngozi Okonjo-Iweala said during an interview in Geneva Tuesday. "I think a global recession - that is what I think we are edging into."
 "World is 'edging into' a recession, warns WTO chief Ngozi Okonjo-Iweala")
Equities, Gold, FDs: Where should you invest as global headwinds rise?
With the domestic economy looking ripe to shine despite a possible global recession, analysts recommend investors look at investing a bulk of their investable surplus in equities
 "Equities, Gold, FDs: Where should you invest as global headwinds rise?")
Energy, inflation crises risk pushing big economies into recession: OECD
In a bleak report titled Paying the price of war, the Paris-based organisation noted that the conflict aggravated inflationary pressure when the cost of living was already rising quickly.
 "Energy, inflation crises risk pushing big economies into recession: OECD")
Wall Street extends declines on recession worries; Dow falls over 300 pts
Tech, consumer discretionary pare back gains; casino stocks jump as Macau allows tour groups after nearly 3 years
 "Wall Street extends declines on recession worries; Dow falls over 300 pts")
