#recession
UK Finance Minister Jeremy Hunt said the outlook for the economy was not as bad as the updated official figures suggested
The global economy surpassed $100tn for the first time in 2022, but will stall in 2023, the British consultancy said in its annual World Economic League Table
Brent rose to a two-month high of $99.56 a barrel on Monday, before paring gains
West Texas Intermediate fell below $98 a barrel and has shed about 10 per cent so far this week
Oil fell about 8 per cent in June as investors fretted over a potential global slowdown
In both the 1970s and today, the shocks hit economies that already had inflation problems
No portfolio is recession proof and what is required is a well-planned strategy on managing the downside risk, says Vijay Valecha, CIO, Century Financial
As the pandemic forced factories all over the world to shutter and people to stay home, the global economy has plummeted and oil prices have dropped by almost half since the start of the year
High unemployment, lack of progress in reducing carbon emissions and exacerbated inequalities are all possible side effects of the pandemic
In view of the current economic climate, business owners keen to consolidate and reduce overheads may look to liquidate
A hard landing is likely unless something happens to kickstart global growth, writes Reuters columnist John Kemp