Japan averts technical recession as revised fourth-quarter data shows economy grew 0.4%

Commuters walking at Shibuya Crossing, Tokyo © Marco Bottigelli | Moment | Getty Images Japan averted a technical recession as revised official data on Monday showed the economy returned to growth in the the October-December period last year, bolstered by strong capital expenditure. The upward revisions though were weaker than estimated, with private consumption remaining … Read more

Bank of England says UK recession is modest in historical terms

Bank of England Gov. Andrew Bailey said Tuesday that the U.K.’s economic recession that was confirmed last week is modest by historical standards and is probably over. In testimony to lawmakers, Bailey said the two successive quarters of negative growth recorded in the second half of 2023 — the standard by which the U.K. measures … Read more

The US economy is going to fall into recession in the middle of 2024, Citi’s chief economist says

A recession is coming in 2024, according to Citi.Getty Images The US economy is headed for a recession in the middle of 2024, Citi’s chief economist said. The economic data, while strong on the surface, is actually hinting at signs of a decline, as seen in the latest jobs report. Credit card delinquency rates are … Read more

Japan’s economy unexpectedly slips into recession, hurt by weak domestic demand

An editorial picture of the Japan flag set against an economic trend graph and images associated with the stock market, finance and digital technology. Manassanant Pamai | Istock | Getty Images Japan’s economy unexpectedly contracted again in the October-December period, provisional government data showed Thursday, as high inflation crimped domestic demand and private consumption in what’s … Read more

What recession? The U.S. economy kept growing

U.S. President Joe Biden speaks with workers while visiting CS Wind, the largest wind tower manufacturer in the world, in Pueblo, Colorado, U.S., November 29, 2023.  Andrew Caballero-Reynolds | AFP | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything … Read more

Grim retail sales suggest possible recession for Britain

Shoppers walk past shops on Regent Street on the final weekday before Christmas in London on December 22, 2023. Britain’s economy unexpectedly shrank in the third quarter and flatlined in the previous three months, official data showed Friday, raising fears of a recession before an election due next year. (Photo by HENRY NICHOLLS / AFP) … Read more

Red Sea troubles could end shipping recession as freight rates spike

The Maersk Sentosa container ship sails southbound to exit the Suez Canal in Suez, Egypt, on Thursday, Dec. 21, 2023. Stringer | Bloomberg | Getty Images Vessels transiting the Red Sea have faced attacks over the past several weeks from Yemen-based Houthis, prompting shipping companies to change routes, leading to a spike in freight rates. … Read more

The U.S. avoided a recession in 2023. What’s the outlook for 2024?

Grocery items are offered for sale at a supermarket on August 09, 2023 in Chicago, Illinois.  Scott Olson | Getty Images Heading into 2023, the predictions were nearly unanimous: a recession was coming. As the year comes to a close, the forecasted economic downturn did not arrive. So what’s in store for 2024? An economic … Read more

UK inches closer to technical recession as growth is revised down

People shopping on Oxford Street in London. Picture date: Thursday December 29, 2022. (Photo by James Manning/PA Images via Getty Images) James Manning – Pa Images | Pa Images | Getty Images LONDON — The U.K. is edging closer to recession after revised figures showed the economy shrank in the previous quarter. U.K. gross domestic … Read more

Oil, gold and Treasurys diverge on U.S. recession risk: Livermore’s Neuhauser

Markets are confused over the odds of a U.S. recession, and “somebody has got it wrong,” according to hedge fund manager David Neuhauser. The CIO of Livermore Partners told CNBC on Monday that many investors are hoping for a “Goldilocks” scenario, in which the economy doesn’t grow too quickly, or shrink too much. “The outlook … Read more