Recession

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Goldman Sachs' Chief Economist Jan Hatzius says the bank is cutting its probability that a U.S recession will start in the next 12 months to 20% from an earlier 25% forecast. "The main reason for our cut is that the recent data have…

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Sri Lanka has lifted import restrictions on 286 items, the Finance Ministry said, in a fresh sign the South Asian nation is starting to emerge from its worst economic crisis in decades. The island off India's southern coast plunged into…

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Japan's economy emerged from recession and grew faster than expected in the first quarter of 2023, as a post-COVID consumption rebound offset global headwinds, shoring up hopes for a sustained recovery. But mounting signs of a slowdown in…

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German industrial production fell more than expected in March, partly due to a weak performance by the automotive sector, spurring again, recession fears in Europe’s largest economy. Production decreased by 3.4 percent on the previous…

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Britain's economy is struggling under the strain of two major risks in the form of double-digit inflation and a possible recession. This has left the Bank of England (BoE) in a dilemma about how much further it should raise interest rates.…

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Namibian President Hage Geingob  says economic data reveals that the volume of foreign tourist arrivals remains at only one-third of what they were in 2019. “This means that the employment intensive tourism sector which provides direct…

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Uruguay’s gross domestic product fell by 2.8 percent year-on-year in the first quarter of 2021, following a 2.9 percent decline in the previous period. This was the sixth consecutive quarter of contraction in GDP, as the…

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Nigeria’s prompt exit from recession is a key indicator of the success of the ongoing Economic Sustainability Plan approved by the Federal Government and Nigerians should expect more as the implementation of the Plan is gathering even…

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Nigeria’s Minister of Communications and Digital Economy, Dr Isa Pantami, has expressed delight as the ICT sector recorded the highest growth rate of all the sectors of the Nigerian economy in both the fourth quarter of 2020 (Q4 2020) and…

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There has been some positive growth in Nigeria’s Gross Domestic Product (GDP), indicating that the Nigerian economy has recovered from the pandemic-induced recession, which disrupted economic activities in most part of 2020. …