Page 4 - Latest Updates on Recession
UK Treasury chief Jeremy Hunt predicts 'no recession' in Britain this year
UK Treasury chief Jeremy Hunt has predicted the country will not enter technical recession this year
 "UK Treasury chief Jeremy Hunt predicts 'no recession' in Britain this year")
Widening deficit: Worries persist over FY24 current account balance
CAD may be better than expected in FY23, but India won't be completely out of the woods next year, says official
 "Widening deficit: Worries persist over FY24 current account balance")
Bosch's India unit reports 36% jump in profits, warns of "challenging 2023"
Bosch Ltd, the Indian unit of German automotive supplier Bosch, on Tuesday warned of a "challenging 2023" amid growing fears of recession, after reporting a 36% jump in third-quarter profit.
 "Bosch's India unit reports 36% jump in profits, warns of \"challenging 2023\"")
Our capex increase accounts for global slowdown: Finance secy TV Somanathan
"The government's welfare schemes are quite large, comprehensive, well spread and the emphasis is on implementation rather than on budget provisions"
 "Our capex increase accounts for global slowdown: Finance secy TV Somanathan")
Firms expect layoffs, cut down in expansions in 2023 amid recession fears
The survey shows that business owners are still concerned that the Fed's decision-making could push too hard on the economy and potentially put the US into a recession this year
 "Firms expect layoffs, cut down in expansions in 2023 amid recession fears")
Belying slowdown fears, Indian economy's animal spirits move to the right
Prices of finished products rose as firms passed on higher input costs and business expenses
 "Belying slowdown fears, Indian economy's animal spirits move to the right")
Wall Street opens lower; US may be heading for a painful recession
Futures for the Dow Jones Industrial Average and the S&P 500 slid 0.8% before the opening bell
 "Wall Street opens lower; US may be heading for a painful recession")
Inflation eases slightly to 10.5% in Dec: UK national statistics office
The annual inflation rate for transport was 6.9 per cent in December, down for a sixth consecutive month, and the main driver behind the easing came from motor fuels, the ONS said
 "Inflation eases slightly to 10.5% in Dec: UK national statistics office")
India's capex spending likely to slow on lower tax haul, global recession
Analysts say that as recessionary woes spread globally, India's tax collections and asset sales are likely to fall.
 "India's capex spending likely to slow on lower tax haul, global recession")
What are PM, FM hiding: Cong leader Jairam on Rane's 'recession' remark
What are PM and FM hiding from the country, Congress leader Jairam Ramesh asked on Tuesday after Union minister Narayan Rane's remarks indicating that India may face an economic slowdown after June
 "What are PM, FM hiding: Cong leader Jairam on Rane's 'recession' remark")
Recession likely this year; India may benefit from global trends: WEF
A third of respondents consider a global recession to be unlikely this year
 "Recession likely this year; India may benefit from global trends: WEF")
US interest rate-cut expectations have yellow metal shining bright
Mild recession, low inflationary pressures in the US and a stronger rupee would act as headwinds
 "US interest rate-cut expectations have yellow metal shining bright")
Amid mass job cuts, Amazon HR staff turn from hiring to seeking jobs
Some Amazon.com Inc. employees are publicly posting that they are #OpenToWork on LinkedIn while still employed by the company
 "Amid mass job cuts, Amazon HR staff turn from hiring to seeking jobs")
A matter of governance: When independent directors call it quits midway
Most independent directors who quit do not explain why they are leaving before the end of their terms
 "A matter of governance: When independent directors call it quits midway")
Global PC demand down amid recession fears, steepest decline since mid-90s
For the entire year, PC shipments reached 286.2 million units in 2022, a 16.2 per cent decrease from 2021
 "Global PC demand down amid recession fears, steepest decline since mid-90s")
Indian economy to grow at a robust 6.6% in FY24, says World Bank
'Limited spillovers' to Asia's third-largest economy, even as world 'perilously close' to recession
 "Indian economy to grow at a robust 6.6% in FY24, says World Bank")
World Bank cuts 2023 economic growth forecasts, warns of global recession
Spillovers from a period of pronounced weakness in the US, China and the European Union are exacerbating other headwinds faced by poorer nations
 "World Bank cuts 2023 economic growth forecasts, warns of global recession")
Meta now 'rescinds' full-time employment offers amid recession fears
In October this year, recruiters made it clear to candidates worried about their Meta offers that these are safe, according to Orosz
 "Meta now 'rescinds' full-time employment offers amid recession fears")
Global economy may be entering a difficult era and economists are worried
The warnings of longer-term trouble come as investors are growing somewhat more hopeful of the Federal Reserve's ability to rein in sky-high inflation without causing a recession
Indian startups brace themselves for deepening funding winter in 2023
Indian startups, which saw a massive 35 per cent drop in funding in 2022 -- from $37.2 bn in 2021 to $24.7-- are bracing themselves for a deepening funding winter in 2023 as recession fears loom
 "Indian startups brace themselves for deepening funding winter in 2023")
