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Global Scans · Recession · Weekly Summary


  • [New] Resilience in US growth limits global recession risks by supporting demand, particularly in Canada, Europe, and China, where growth remains weaker but closely tied to US activity. CA-EN
  • [New] Bond markets have slumped after a mixed batch of data on the US economy created uncertainty about when the Federal Reserve will announce a cut in interest rates. The Telegraph
  • [New] Investment sentiment remains positive, inflation is anticipated to continue to decline over the year, central banks have paused raising rates, and their next move is likely to cut, the US economy remains resilient, and the risk of US recession has faded. JMI Wealth
  • On a positive note, Gross Domestic Product data released this week shows economic growth for January of 0.2% from the previous month, boosted by growth in the services sector, showing that the fleeting UK recession could be over already. Astute Private Wealth
  • Fears of a recession took hold after a series of interest rate increases, stubborn inflation and geopolitical tensions in Europe and the Middle East. The Conversation
  • The US economy is growing faster than projected, driven largely by consumer spending and the Federal Reserve's successful efforts to get inflation under control without triggering a recession. Vox
  • The US economy grew a faster-than-expected 3.3% in the fourth quarter, amid strong consumer spending, with growth for the full year coming in at 2.5%, shrugging off dire predictions of a recession after the Fed's aggressive rate hikes. Pusat Sumber KPT
  • On the economic front, growth rates are anticipated to bottom out in western economies, potentially triggering headlines of recession, while growth continues to rise in Asia. LBMA
  • A slump in U.S. refining activity and disruptions to global trade have tightened diesel supplies in recent weeks, dampening historically high U.S. diesel exports to Europe this month. TradingView
  • U.S. growth has now topped 2% for six straight quarters, defying fears that high interest rates would tip the world's largest economy into a recession. The Washington Post
  • Another consideration is that most commentary on the US economy has become notably less negative of late as previously widespread fears of recession have faded. ILCU
  • A rate cut going forward to insulate the US economy from plunging into an economic downturn or recession. Republic World
  • The economic unit says: Despite entering into a technical recession in 2023, falling inflation and energy prices, alongside expected interest rate cuts, mean UK gross domestic product is expected to rise 0.9% year, with further growth of 1.8% in 2025 and 2% in 2026 predicted. Mortgage Strategy
  • Credit ratings agency Fitch said it does not expect the U.S. economy to tip into recession, but it does anticipate a continued pullback in discretionary spending. CNBC
  • In the U.S., the Bloomberg US Aggregate Bond Index fell 13% as higher rates hurt existing bond prices, while the S&P 500 declined 18% as investors became spooked by the growing threat of recession brought about by tightening. Callan
  • The strength of the US economy has surprised in recent weeks, particularly on the employment front, suggesting that growth remains solid across the Atlantic despite fears of a coming recession. MarketScreener
  • While the US economy has stayed strong through the Federal Reserve's punishing pace of rate hikes, some investors and economists warn that it could slip into recession later in 2024 as Americans get squeezed by high rates and their pandemic savings dwindle. CNN
  • The German economy is already threatened by recession after output shrank 0.3 pc in the final three months of last year. The Telegraph
  • UK construction companies seem increasingly optimistic that the worst could be behind them soon as recession risks fade and interest rate cuts appear close on the horizon. The Telegraph
  • Climbing inflation and increasing energy prices would eventually provoke a recession in the global economy which might disrupt demand for shipping. HandyBulk
  • While the US data are expected to support signs of a soft landing, the eurozone looks set to have fallen into recession. IHS markit
  • Rising real estate defaults and higher interest rates will lead to a slower economy over the next few years, but they are not enough to cause a recession. Fortune

Last updated: 27 March 2024



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