The Latest Breaking News from Recession

BEIJING: China's economy rebounded at a faster-than-expected pace in the third quarter, but strict Covid curbs, a deepening property crisis and global recession risks are challenging Beijing's efforts to foster a robust revival over the next year.

With the country's next general election tentatively slated for May 7, 2023 by the Election Commission, assuming the House of Representatives completes its four-year term by March 23, many political parties have cranked up their election machines, with leading parties already kicking off their campaigns.

Medical sector tends to be relatively recession-proof due to the inelastic demand for its products and services. And given the solid prospects of the industry, investors could consider buying fundamentally sound medical stocks Johnson & Johnson (JNJ) and Bristol-Myers (BMY), which look poised for a bull run in Q4. Read…

Various headwinds, including the widespread fears of a recession, have kept the market clenched in a bear grip. Amid this backdrop, resilient stocks Pfizer (PFE), Waste Management (WM), and Ingles Markets (IMKTA), which belong to essential sectors and possess inelastic demand for their products or services, could be appropriate additions…

President Biden is casting himself as managing a solid economy even as Republicans and economists warn of a coming recession.

Inflation is far from the Fed’s target, which might induce it to deliver more rate hikes in the coming months, increasing the likelihood of a recession. Amid this, we think investors should consider buying fundamentally sound stocks, Coca-Cola (KO) and United Parcel Services (UPS), which are proven long-term winners and…

SCOTLAND’S governments must make it clear how businesses will be supported as a recession looms, the Scottish Chambers of Commerce

'Governments in Edinburgh and London must make clear how businesses will be supported'

Australia's Labor government will launch its first budget next week with warnings about global recession and tough spending choices at home, while still meeting the modest promises made to win election earlier this year.