Citi Predicts No Soft Landing, US In Recession In Middle Of 2024
The US economy is expected to enter a recession in the middle of 2024, according to Citi, ending the dream of a soft landing. Andrew Hollenhorst, the top US economist…
FT Survey Sees Bleak 2024 For Eurozone
A new survey from the Financial Times of 48 economists predicts that the Eurozone’s 20-nation bloc will see only moderate economic growth, growing only 0.6% in 2024. There were more…
UBS Says US Will Enter Recession In 2024, Triggering Interest Rate Slash
According to one top European bank, next year the United States will fall into a recession, which will lead to the Federal Reserve enacting steep interest rate cuts. Back in…
UN Report Forecasts World Trade To Decline
The United Nations Conference on Trade and Development (UNCTAD) issued a new report this week which found that in 2023, global trade will contract by 5% compared to 2022, and…
Chanel Says Luxury Goods Sellers Will Find Difficult Times Ahead
Bruno Pavlovsky, the president of fashion for luxury goods maker Chanel, warned the coming year was shaping up to be quite challenging for the fashion and luxury goods industry, as…
OECD Warns Central Banks Could Set Off Global Recession In Developed Nations
In its new Global Outlook, the Organization for Economic Cooperation and Development (OECD) has warned that the efforts of central bankers to gain control over the world’s soaring inflation is…
British Household Debt To Swell As Living Standards Decline – OBR Report
This week, the UK Office for Budget Responsibility (OBR) reported that British households will see their debt levels rise from the current £73 billion ($92 billion) to $190 billion in…
Bank Of America Sees US National Debt At $54 Trillion In Ten Years
In a new note released on Tuesday, Bank of America (BoA) says that according to data from the Congressional Budget Office, the US national debt appears poised to surge by…
Barclays Predicts No Interest Rate Hike Until January
In a note, Barclays has said it now forecasts that the US Federal Reserve will hike its key rate by 25 basis points in January, instead of its previous prediction…
East Asian Growth To Slow Due To US Protectionism
On Tuesday, the Financial Times reported that the developing economies of East Asia are staring down a period of the slowest growth rates seen in five decades, due to such…
