Timothy Sumer

The Bank of England has predicted that the country is heading for a recession that could last two years. (Subscribe: The latest GDP figures seemed to confirm those fears. The UK's total economic production in September fell by 0.6% - partly due to the widespread closures for the Queen's funeral. ----------------------- Follow us on Instagram - ... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing The UK is preparing for a two-year recession after the economy shrank again. According to the Office for National Statistics (ONS), the economy contracted by 2% in the first quarter of 2021, largely due to the lockdown measures and the impact of Brexit. The ONS attributed the decline to a fall in consumer spending and business investment, as well as a drop in exports due to disruptions at ports after the UK left the EU. The service sector,

Recession. GDP. Contraction. Stagnation. What does it really mean? Here’s an explainer. Click here for the full story: [ »»» Subscribe to The National to watch more videos here: Voice Your Opinion & Connect With Us Online: The National Updates on Facebook: The National Updates on Twitter: The National Updates on Google+: »»» »»» »»» »»» »»» The National is CBC Television's flagship news program. Airing seven days a week, the show delivers news, feature documentaries and analysis from some of Canada's leading journalists.... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing Recession - Explained Recession is a term that most of us have heard at some point in our lives, especially during times of economic instability or downturns. It refers to a period of economic decline that lasts for several months or even years. During

No one indicator is used to determine a recession. Rather, it’s a group of people, called the Business Cycle Dating Committee. WSJ explains how this group decides when the U.S. has entered a recession, and why knowing that date is so important. Illustration: Jacob Reynolds WSJ Glossary Markets and economics are complex. It's easy to be overwhelmed by a sea of wonky indicators and lose track of why they matter. This series breaks down the basic terms and ideas that move the markets. #Recession #Economy #WSJ... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing In the realm of economics, a recession is defined as two consecutive quarters of negative economic growth. But who decides when a recession officially begins? That responsibility falls to the National Bureau of Economic Research's Business Cycle Dating Committee, a little-known gro

Some financial experts say the U.S. is headed into a recession, defined as two back-to-back quarters of falling GDP, as inflation continues to soar. In the first quarter of 2022, the U.S. GDP dropped by 1.6%. Javier David, managing editor for business and markets at Axios, joined CBS News to discuss why some experts say consumer fear could make matters worse. #news #recession #economy CBS News Streaming Network is the premier 24/7 anchored streaming news service from CBS News and Stations, available free to everyone with access to the Internet. The CBS News Streaming Network is your destination for breaking news, live events and original reporting locally, nationally and around the globe. Launched in November 2014 as CBSN, the CBS News Streaming Network is available live in 91 countries and on 30 digital platforms and apps, as well as on CBSNews.com and Paramount+. Subscribe to the CBS News YouTube channel: Watch CBS News: Download the CBS News app: Follow CBS News on

From red-hot inflation to a strong jobs market, and all the negative gross domestic product in between, economists are divided on the health of the U.S. economy. A top concern for Americans: Are there layoffs on the horizon? Economists break down the data and economic indicator complexities brought upon by the Covid pandemic and the war in Europe. More corporate leaders are anticipating a recession, according to a survey from Stifel. Big companies are already announcing layoffs, including Best Buy, Ford Motor, HBO Max, Peloton, Shopify, Walmart and Wayfair. Meanwhile, a survey from PwC shows 50% of firms expect to reduce their labor forces in the next six to 12 months. This comes at a time when the labor market could hardly appear stronger. In July 2022, there were 11.2 million job openings, revealing a shortage of workers for available positions. "I think it's very important to look at the number of job openings," Julia Pollak, chief economist at ZipRecru

Moody's Analytics' chief economist Mark Zandi cautions that a recession may be on the horizon. In an interview with CNBC's Andrea Miller, Zandi said a recession did not occur in the first half of this year. Zandi called employment levels the "most important indicator[s]" of a recession. With unemployment at the low rate of 3.5%, he doesn't buy the view that two back-to-back quarters of negative growth alone are sufficient to make for a recession. But Zandi did warn that he expects layoffs to increase in the days ahead. "With this kind of low unemployment, inflation’s going to remain a problem," he said, and to address that the Federal Reserve has signaled it will continue to raise interest rates in an attempt to slow down the job market. Zandi attributed the confusion about whether the U.S. experienced a recession in the first half of this year to the coronavirus pandemic and the Russian invasion of Ukraine. "These two massive supp

How can factors like inflation, supply and demand, and interest rates trigger recessions? Learn the economic basics of modern markets. -- For millennia, the people of Britain had been using bronze to make tools and jewelry, and as a currency for trade. But around 800 BCE, that began to change: the value of bronze declined, causing social upheaval and an economic crisis— what we would call a recession today. So what causes recessions? Richard Coffin digs into the economic fluctuations that affect our modern markets. Lesson by Richard Coffin, directed by Augenblick Studios. Animator's website: Educator's channel: Sign up for our newsletter: Support us on Patreon: Follow us on Facebook: Find us on Twitter: Peep us on Instagram: View full lesson: Thank you so much to our patrons for your support! Without you this video would not be possible! Felipe Hoff, Rebecca Reineke, Cyrus Garay, Victoria Veretilo, Michael Aquilina, William Biersdorf, Patricia Alves Panag

Is the U.S. in a recession? Many economists think that’s a possibility and by some measurements, it may have already started. But why aren’t people losing their jobs? Recessions usually come with a dip in economic output and a rise in unemployment. Right now, economic output is falling. But so is unemployment. WSJ’s Jon Hilsenrath has coined it a “jobful downturn.” We look at past recessions and indicators to explain how a recession in 2020 could be very different. Read more about this “jobful downturn” on The Wall Street Journal: More from the Wall Street Journal: Visit WSJ.com: Visit the WSJ Video Center: On Facebook: On Twitter: On Snapchat: #Recession #Economy #WSJ... ( read more ) LEARN ABOUT: Investing During Inflation REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing The possibility of a recession in 2022 has become a topic of concern among economists and