Global Recession
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Recession or soft landing? Big bank economists weigh in on Canada’s economic fateCanada's big bank economists poured some fuel on the fire of recession calls on Friday, indicating that the economy is headed for a slowdown in 2023.EconomyJan 13, 2023
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Russia one of the ‘biggest threats’ to world economy amid recession fears: FreelandThis week, the International Monetary Fund cited the war in Ukraine as one of the drivers for cutting its global growth forecast for 2023.CanadaOct 14, 2022
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Concerns over global financial crisis grow at World Economic Forum meeting in DavosLeaders gather in Davos at the World Economic Forum to discuss the ongoing inflation, Russia's war on Ukraine, food insecurity and other global economic crisisEconomyMay 25, 2022
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Global economic downturn from COVID-19 could be worse than first projected: IMFThe head of the International Monetary Fund said recent economic data for many countries was coming in below the fund's already pessimistic forecast for a 3% contraction in 2020.WorldMay 9, 2020
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Coronavirus: IMF sees worst global recession since 1930s, Canada’s economy to shrink 6.2%The IMF predicts the global economy will shrink by 3 per cent this year, far worse than the 0.1 per cent dip in the Great Recession year of 2009.MoneyApr 14, 2020
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Coronavirus: IMF says world recession will be ‘way worse’ than 2008 crisisThe IMF's managing director, Kristalina Georgieva called on advanced economies to step up their efforts to help emerging markets and developing countries survive the economic and health impact of the pandemic.WorldApr 3, 2020
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Global economy has entered a recession amid coronavirus pandemic, says IMF headThe head of the International Monetary Fund said she believed not only the United States but many other advanced economies and a number of developing countries had already entered downturns.EconomyMar 27, 2020
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Wall Street, TSX post worst week since 2008 crisisStocks have been plunging at record speed amid growing fear of a coronavirus pandemic.MoneyFeb 28, 2020
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Dow drops 1,000 points amid fears of a coronavirus pandemicIt's the third time this week that the Dow Jones Industrial Average has dropped 1,000 points in intraday trading.MoneyFeb 28, 2020
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North American markets open sharply lower amid growing recession fearsTrading on Canadian exchanges resumed after technical glitches on Thursday.MoneyFeb 28, 2020
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