May 4, 2022 · The most widely accepted definition of a recession is two consecutive quarters of declining GDP. The United States is now facing the familiar precursors of a recession, including rising interest rates on the back of high inflation. The Federal Reserve is taking action, and its decisions will be critical to the length and severity of any recession.

Jan 16, 2025 · While the United States appears poised for a short-term boost – with 44% of economists predicting strong growth in 2025, up from 15% when they were last asked in August 2024 – the outlook for the year ahead remains less optimistic for other major parts of the global economy, including Europe and China.

Jan 16, 2023 · Geneva, Switzerland, 17 January 2023 – A majority of the World Economic Forum’s Community of Chief Economists expect a global recession in 2023, see geopolitical tensions continuing to shape the global economy, and anticipate further monetary tightening in the United States and Europe. These are the key findings of the Chief Economists Outlook, launched today at the World Economic Forum ...

Feb 19, 2024 · While the risk of a global recession is lower in the year ahead, two G7 economies dipped into recession at the end of 2023. And the future picture continues to be clouded by uncertainty, according to the experts polled in the World Economic Forum's latest Chief Economists Outlook.

Apr 12, 2022 · In the wake of the first interest rate hike since 2018, Deutsche Bank became the first major bank to forecast a US recession for next year. The report co-authored by the bank’s chief economist David Folkerts-Landau and former Fed official Peter Hooper finds that “the US economy is expected to take a major hit from the extra Fed tightening ...

The total properly-discounted losses from the Great Depression cumulated to 1.4 times the initial year’s GDP in the United States and half that in Western Europe–and perhaps that total is a mammoth underestimate, if one believes that in the absence of the Great Depression Europe’s downfall into Naziism and World War II would have been ...

Feb 2, 2023 · The United States economy has made an impressive recovery after COVID-19. The economy as a whole has returned to its pre-pandemic growth trajectory, with real GDP growing 2.1% in 2022, reports Statista. However, experts say the US could pay the price for the swift recovery, with a slowdown or even a recession predicted for 2023.

Feb 20, 2025 · On 4 March, the United States imposed tariffs of 25% on imports from Canada and Mexico. Imports of Canadian energy will face charges of 10%. Imports of Canadian energy will face charges of 10%. Collectively, the tariffs affect over $900 billion worth of imports.

Jan 10, 2024 · Despite widespread predictions of a recession in 2023 (Figure 1.15), the perception of a ‘softer landing’ appears to be prevailing. Inflation is falling amid tight labour markets and stronger-than-anticipated consumer spending and …

Mar 24, 2023 · The phrase 'rolling recession' is being used to describe the current economic situation, particularly in the United States. This is when some sectors are contracting, while others expand. Some areas of the economy remaining strong could head …