Tag: recession

Why the Bank of Canada Kept Rates Unchanged Again: Governor Says Economy Is Weak but Not in Recession

Canada and Caribbean Roshan Abayasekara -
Bank of Canada (BoC) governor Tiff Macklem doesn’t think the economy is in a recession. However, he does acknowledge...

Is Canada in recession? Bank of Canada says GDP data shows weakness, not broad decline

Canada and Caribbean Roshan Abayasekara -
Bank of Canada (BoC)’s Governor Tiff Macklem acknowledged on Wednesday, 10 June ’26 that the Canadian economy is weak,...

Is the Canadian economy compromised?

Canada and Caribbean Roshan Abayasekara -
There was only a single word on the lips of many Canadian economists and politicians, besides journalists, during the...

Could Australia Enter a Recession? Economists Say Economic Downturn Is Already Underway

Business & Trade Roshan Abayasekara -
Australia’s economic slowdown is just commencing, warn economists. This is as interest rates surge while cost-of-living pressures weigh on...

Carney acknowledges ‘weakness’ in Canadian economy after moving into a ‘technical recession’

Canada and Caribbean Roshan Abayasekara -
Prime Minister Mark Carney acknowledged that the Canadian economy was weak while defending the federal government's economic agenda on...

Canada’s Economy Stalls in Q1 ’26 as Recession Debate Intensifies Among Economists

Canada and Caribbean Roshan Abayasekara -
The Canadian economy may still be struggling to grow. Some economists, weighing in on the latest real gross domestic...
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Interest Rates, Jobs, and Recession: Why Australia and New Zealand Are on Opposite Paths!

Pacific Piumi Fernando -
Despite experiencing a decline in inflation, Australia and New Zealand find themselves on distinct economic trajectories. While Australia’s economy...

Warning Signs for the UK Economy—Bank of England Cuts Growth Projections

Europe admin -
(Commonwealth_Europe) The Bank of England has significantly reduced its growth forecast for the UK economy in 2025, halving its...

Will the UK’s Economy Outshine Europe by 2039? A Bold Prediction Sparks Debate!

Business & Trade Suraj Atapattu -
UK (COMMONWEALTH) The Centre for Economics and Business Research predicts that the UK will continue to rank as the...

UK Economy on Pause: Is Labour to Blame for the Stagnation?

Europe admin -
(Commonwealth_Europe) The UK economy has flatlined in the first three months of the new Labour government, leaving the country...

End of recession

Business & Trade Suraj Atapattu -
UK (Commonwealth) _The economy of Britain recovered in the beginning of the year, based on data that points to...

Fed, ECB, Bank of England leave interest rates unchanged 

Business & Trade Suraj Atapattu -
UK (Commonwealth) _ The major central banks in the west are expected to maintain a hold on interest rates...

Recession Definition…

Pacific Piumi Fernando -
Australia (Commonwealth)_Ever wondered what exactly defines a recession? It turns out, the term isn't as straightforward as it seems....

Britain not expected to recede into recession this year: IMF

Europe Savithri Rodrigo -
London United Kingdom (Commonwealth Union)_With Britain’s GDP estimated to grow by a marginal 0.4 percent in 2023 albeit good...

Fears of a Wall Street recession?

News Mayondi Maralande -
Wall Street has been hit by a fresh wave of recession fears following a jolt from Federal Reserve Chair...

UK is already experiencing a recession!

Business & Trade Wasana Nadeeshani -
According to US Federal Reserve chairman Jerome Powell, the odds of a soft landing for the US economy are...