Recession News
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U.K. becomes 2nd G7 economy to fall into recessionBritain's economy fell into a recession in the second half of 2023, a tough backdrop ahead of this year's expected election for Rishi Sunak, who has promised to boost growth.WorldFeb 15, 2024
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Amazon slashing 9,000 jobs in second round of layoffsAmazon CEO Andy Jassy said the company had added substantial amount of staff in the past few years, but the uncertain economy has forced it to choose cost and headcount cuts.TechMar 20, 2023
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Financial markets have good reasons to be upbeat on economy: IMF chiefIMF Managing Director Kristalina Georgieva, speaking at the World Government Summit, described the IMF's outlook for 2023 as "less bad, not good."EconomyFeb 13, 2023
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DoorDash, CNN, Warner Bros: Corporate America lays off thousands amid recession fearsU.S. companies, from tech majors to consumer firms, are bracing for a potential economic downturn by shrinking their employee base to streamline operations.U.S. NewsJan 4, 2023
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Is Canada facing recession? Freeland says fall fiscal update will reflect gathering storm"There are still some difficult days ahead for Canada's economy and for the economies of all of our friends and allies around the world," Freeland said in a speech in Windsor.CanadaOct 19, 2022
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