Gross domestic product fell 0.3 per cent in the final three months of 2023, following a 0.1 per cent decline in the third quarter, according to data published by the…
The economy entered a downturn at the end of 2023, official figures showed last week. However, the Bank of England signalled that there was unlikely to be an imminent interest…
Given the sharp slowdown in price growth, the think-tank expects the BoE to be in a position to start cutting interest rates from the current 5.25 per cent level in…
Economists have predicted that GDP slipped 0.1% in the three months through September, a Bloomberg survey found as of Friday afternoon. The BOE expects unemployment, now 4.3%, to rise to…
The Dow’s gains suggest that investors are starting to buy more economically sensitive stocks as recent data show inflation slowing…reports Asian Lite News The Dow, up roughly 6 per cent…
Europe’s economy has been hit by the economic disruption caused by the Ukraine war, which has pushed up energy and food prices…reports Asian Lite News The Eurozone has fallen into…
Germany’s GDP fell by 0.3 per cent in the first quarter compared with the previous three months, which also recorded a contraction…reports Asian Lite News Germany has fallen into recession…
If layoffs accelerate in the next few months, a recession “will be underway”, the report said…reports Asian Lite News A recession in 2023 appears inevitable and layoffs in tech and…
Social media company ShareChat (Mohalla Tech Pvt Ltd) laid off 20 per cent of its workforce due to uncertain market conditions…reports Asian Lite News As layoffs continue to deepen amid…
Georgieva said that the world faces a tougher 2023 as the three big economies – the United States, the European Union and China – are all slowing down simultaneously…reports Asian…
