Category: recession
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Trump Tariffs to Drive Canada Into Recession, Cause Price Spike
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Bread path links PMN Business Canada’s economy is heading to contraction-the first since the Covid-19 crisis-if the tariff warfare with the largest commercial partner lasts for a long time. The author of the article: Bloomberg News Eric Hirtburg Posted 04 March, 2025 • 3 minutes read You can save this…
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Can Crypto Presales Be a Safe Haven Amidst Trump’s Trade War and Incoming Recession?
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In the midst of an escalation of trade tensions and economic doubts, investors explore alternative ways to protect their assets. One of these beaches that gained attention is the past of cryptocurrency. Unlike well -known cryptocurrencies that are currently witnessing great fluctuations, the pre -match provides a unique opportunity to…
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Pound sinks to nine-month low as recession fears grip UK manufacturing
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The pound fell to its lowest level since April after stark warnings from an influential survey that Britain could be on the brink of an industrial recession. The pound fell 1% against the dollar on Thursday, falling below $1.24, amid growing fears the UK economy is faltering. In stark contrast,…
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Trump tariffs could mean recession for Canada next year
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Breadcrumb links news economy It could also increase inflation and lead to smaller interest rate cuts Posted on November 26, 2024 • 3 minutes read You can save this article by registering for free here. Or log in if you have an account. Economists said the tariffs would put a…
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This was the early tell in the recession reversal trade
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Economic forecasting is not easy. At various points over the past two years, it looked like the United States was slowing down dramatically. At the beginning of 2023, the consensus forecast was the looming call of a recession. This year, with the deterioration of some economic indicators, those calls returned.…
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Chief economists in the US say a 2025 recession is only a 30% chance
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The American Bankers Association’s Economic Advisory Committee brings together 15 senior economists from some of the largest banks in North America. The committee chairman indicates that the Fed is close to achieving its dual mission, but warns that the weakness of the labor market needs to be monitored The Fed…
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Consumer confidence plummets as Labour warned over recession fears
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Consumer confidence has fallen sharply amid growing concerns that Labour’s rhetoric is fuelling economic concerns, raising the prospect of a slowdown in Britain. GfK’s latest consumer confidence index fell seven points to -20 in September, with households increasingly worried about their personal finances and the general economic outlook. The survey…
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BNP Paribas says euro could rise, not fall, if recession hits By Reuters
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LONDON (Reuters) – The euro could rise against the dollar if a global recession hits, BNP Paribas (OTC:) Markets360 said, marking a break from previous trading dynamics. Sam Linton-Brown, the bank’s head of global macroeconomic strategy, offers a number of reasons behind what he describes as one of the team’s…
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Here’s How Cardano Price Will ‘Survive’ A US Recession: Analyst
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This article is also available in Spanish. In a new video analysisPopular cryptocurrency analyst Dan Gambardello has weighed in on the potential future of Cardano (ADA) price amid the worrying forecast of a U.S. recession. With a massive following of 369,000 YouTube subscribers, Gambardello highlighted the general anxiety among ADA…
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Greece won’t be turning into Switzerland or Sweden any time soon as economy continues to suffer after years of recession
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Greek barista Kyriakos Giannichronis has seen headlines about his country’s newly booming economy after years of stagnation — but he doesn’t feel wealthy. The Athens resident has only about 150 euros ($170) to spare at the end of the month, despite getting a good deal on rent and earning just…
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A drift towards US recession doesn’t have to mean weaker USD
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Investing.com – The U.S. dollar got a boost overnight on stronger-than-expected second-quarter growth data. Even if the U.S. economy heads into recession, that may not mean a weaker dollar, according to MacQuarie. At 07:00 ET (11:00 GMT), the dollar index, which tracks the greenback against a basket of six other…
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Recession indicator now slows the economy, creator says
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The creator of the inverted yield curve, a recession indicator with a decades-long track record of accuracy, said it has evolved beyond just a warning of a future slowdown and now has implications for the economy. The reversal occurs when long-term bond yields fall below short-term bond yields, an anomaly…
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Goldman Sachs cut its US recession probability after last week’s data, see 25bp Sept cut
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A note from the economists at the investment bank. I haven’t seen it yet, but the news agencies are carrying the highlights. In summary: It lowered its forecast for a U.S. economic contraction from 25% to 20%, and said it could lower the forecast further to 15% if the August…
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Goldman cuts U.S. recession risk (S&P Complete Indices:SP500)
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fire A string of positive economic data in recent days has prompted Goldman Sachs to lower its forecast for the U.S. economy to 20% from 25% next year. In a research note issued on Saturday, the investment bank said: He pointed to further cuts in the next 12-month outlook, subject…
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Asian stocks rise tracking Wall St rally as recession fears ease By Investing.com
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Most Asian shares rose on Friday, tracking an overnight rally on Wall Street, as strong U.S. economic data helped ease recession fears, while bets on interest rate cuts remained intact. Wall Street indexes rose sharply on Thursday after strong retail sales data boosted optimism about the U.S. economy. Weaker inflation…
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Dollar firm after US data quells recession fears By Reuters
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By Kevin Buckland TOKYO (Reuters) – The dollar held near a two-week high against the yen after posting its biggest daily gain in four weeks against its major peers as strong U.S. economic data eased recession fears. The dollar was particularly strong against the Japanese currency thanks to higher Treasury…
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2024 looks reminiscent of 1970 and 2001 recession years: Piper Sandler By Investing.com
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According to a recent analysis by Piper Sandler, the economic landscape in 2024 bears striking similarities to the recessions of 1970 and 2001, with some critical differences that could lead to a sharper slowdown. Analysts draw parallels between the current environment and those of previous recessions, pointing to “the big…
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Weekend – Bank of America forecast no US recession, Fed rate cuts in September & December
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Bank of America CEO Brian Moynihan spoke about American TV Over the weekend. He warned the Federal Open Market Committee (FOMC): The Fed is in a position where it has to be careful not to slow down too much. He was referring to the planting of spending among consumers: Well,…
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Asian stocks rise on cooling recession fears, positive China inflation By Investing.com
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Asian stocks rose on Friday as concerns about an approaching recession in the United States eased, while somewhat positive inflation data from China also helped boost sentiment. But regional markets are still heading towards weekly losses after recording sharp declines at the start of the week. Asian stocks benefited from…
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Dollar slips ahead of jobless claims; recession fears rise By Investing.com
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Investing.com – The U.S. dollar fell on Thursday as traders began to factor in aggressive monetary easing by the Federal Reserve to combat a slowing economy. At 04:10 ET (09:10 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.2% at 102.802,…