Economy

A UK economist has delivered a dire warning to the rest of the world amid new “compelling” data which suggests a recession is on the cards within a matter of months. Source

Experts have revealed one glaring sign that a global recession is fast approaching, with a “big question mark” now hanging over us all. Source

Yet another expert has issued a grim recession warning, predicting a downturn was “pretty likely” with far more financial turmoil ahead. Source

Australia could still avoid a recession despite fresh forecasts providing a grim backdrop for the upcoming budget, the Treasurer says. Source

The world is hurtling towards a recession, with the risks skyrocketing for richer nations – including Australia. Source

Treasurer Jim Chalmers is heading to the US for a series of meetings with global financial leaders which he says will be crucial to shaping the government’s May 9 budget. Source

Relief for rising power bills will be a key feature of the upcoming budget but the Treasurer has downplayed expectations further handouts are on the table for struggling Australians. Source

Dire economic data out of the US has renewed fears that a recession is now almost unavoidable in the near future. Source

New employment data has revealed which Aussie states are rebounding fastest jobs-wise from the Covid-19 pandemic. Source

Mortgage holders will soon be forking out record-high repayments as the Reserve Bank of Australia warns a pause on interest rates doesn’t mean further hikes are off the table. Source

A Wall Street insider has shared a dire warning about the state of the US economy, predicting that the nation will be plunged into recession by year’s end. Source

The price of bitcoin has taken a hit after a US regulator, the Commodity Futures Trading Commission (CFTC), sued Canadian businessman Changpeng ‘CZ’ Zhao and the company he co-founded, Binance. Source

The company that was operating a container ship that dramatically ran aground in the Suez Canal in 2021 is awash with cash. Source

An alarming new report has weighed in on a “looming recession” headed our way within months – but what does it all mean for Aussies? Source

The man tasked with stabilising trade relations with China is “very confident” both he and Prime Minister Anthony Albanese will still visit China this year, despite Beijing’s strong criticism of the AUKUS deal. Source

The price of bitcoin has suddenly surged as investors, nervous about the banking crisis, stash their money in crypto. Source

South Africans are nervously awaiting a controversial “national shutdown” on Monday organised by the radical Marxist party, which is accused of threatening violence and “looting” for those who refuse to take part. Source

China’s central bank on Friday announced a cut to the amount of cash banks are required to hold in reserve for the first time this year, in a move designed to shore up an economy weakened by the pandemic. Source

People in Argentina can’t even afford basic groceries as the country’s inflation skyrocketed by more than 100 per cent – its worst record in 30 years. Source