The United States confirmed that it is entering a recession after falling its GDP by 0.1% in the second quarter

The US government confirmed on Thursday that the country’s economy fell by 0.1% in the second quarter of the year and fell at an annual rate of 0.6%. This is pointed out by the third and last official calculation of the economic evolution of the country published by the Bureau of Labor Statistics (BEA), which … Read more

Recession ‘friends’, these 5 countries have the worst economic reports

Jakarta, CNBC Indonesia – The ‘ghost’ of the recession is getting worse. Many countries are facing these economic risks in line with the various crises that hit the world. Meanwhile, technically, a recession is marked by negative economic growth in two consecutive quarters. However, in general a recession can be interpreted as a significant decline … Read more

OECD: Major economies are at risk of recession, growth has slowed more than expected

This year, he still expects gross domestic product (GDP) to grow by three percent, but next year he expects the pace to slow down to 2.2 percent. In June, the OECD expected growth to slow to 2.8 percent. The organization is particularly pessimistic about the outlook in Europe. The latter is most directly exposed to … Read more

All Because of Fuel Prices! The ‘catastrophe’ is getting real

Jakarta, CNBC Indonesia – The world economy has just emerged from a slump due to the coronavirus disease (Covid-19) pandemic. But the ‘catastrophe’ is now back to haunt, the world economy is threatened with a recession next year. Recession becomes scary because the wheels of the economy will experience a slowdown, the unemployment rate will … Read more

The Dow closed down 486.27 points, selling stocks amid recession fears.

Indices and stock market conditions, oil, gold and foreign money markets on September 23, 2022 Dow jones new york stock marketIt closed lower on Friday (Sept. 23) as investors continued to sell stocks amid recession concerns. After the Federal Reserve (Fed) insisted on tightening monetary policy to curb inflation. In addition, the release of the … Read more

Recession fears loomed over the financial market, WTI crude oil fell below $80 to close at the lowest point since January | Anue Juheng

Crude oil futures prices fell sharply on Friday (23rd),WTI CrudeFutures dipped below $80 a barrel, their lowest close since January, as recession fears gripped financial markets, sending stocks and bonds tumbling, while further boosting the dollar. energy commodity prices Delivered in November WTI CrudeFutures fell $4.75, or 5.7%, to settle at $78.74 a barrel, the … Read more

Oil falls to 8-month low amid rising dollar, fears of recession

Oil prices fell by about 5% in Friday’s trading session to the lowest level in 8 months, with the dollar reaching its highest level in more than two decades amid fears that high interest rates will push major economies into recession, which reduces demand for oil. Brent crude futures fell $4.31, or 4.8 percent, to … Read more

Oil up slightly, recession risk offsets Russian escalation

Brent ended up 0.70% at $90.46 and WTI ended up 0.66% at $83.49. Oil prices ended slightly higher on Thursday, in a market that reacted only weakly to the Russian escalation in the Ukrainian conflict, but more concerned about the consequences on demand of the general monetary tightening. The price of a barrel of Brent … Read more

Prepare for a Long and Bad Recession

KONTAN.CO.ID – One of the experts who first predicted the 2008 recession sounded the alarm bell that another major economic downturn was on the way. Launch Fortunewith fears of a recession rising in the US, many economists expect such a decline at the start of this year. In early September, Bank of America strategists wrote … Read more