New Zealand sinks into recession as Q3 GDP dives 1.0%
A shopper walks past a jewelry store in Auckland. New Zealand’s economy sank into recession in the third quarter as activity dived far more sharply than expected, while the prior quarter was also revised sharply downward, a dire result that cements the case for more aggressive rate cuts. | Photo Credit: AP New Zealand’s economy […]
US farms recession: US farms in trouble? Falling crop prices, and diminishing incomes summing up to a potentially biggest farm recession in American history
The agricultural forces in the United States are slowly giving up on themselves, with decreasing incomes and falling of crop prices becoming the biggest issues for farmers across key agricultural regions in the US. Is the United States nearing a farm recession? According to a Wall Street Journal report, farmers in northeastern North Dakota, reportedly, […]
From recession fears to moon mission: Harsh Goenka lists top 10 global events of 2024. Netizens beg to differ
It has been a turbulent year filled with innumerable once-in-a-lifetime events — from multiple coups, elections and wars to a slew of AI advancements and sports milestones. Businessman Harsh Goenka drew up a list outlining his top 10 global events of 2024 on Saturday, highlighting several key moments including the Paris Olympics and the US […]
US Tariff Threat, Recession Worry Add To Trudeau’s Woes As Approval Ratings Tank To All-Time Low | Exclusive
Last Updated:December 21, 2024, 12:43 IST Sources have told CNN-News18 that the Canadian PM is under pressure on the economy front as the US tariff threat is likely to push Canada into recession Trudeau swept to power in 2015 and led the Liberals to two more ballot box victories in 2019 and 2021 but now […]
New Zealand Economy Enters Recession with Sharp Decline
New Zealand has officially entered a recession, with data released Thursday revealing a larger-than-expected 1.0% contraction in GDP for the third quarter of 2024. The economy had already shrunk by a revised 1.1% in the previous quarter, marking two consecutive declines and meeting the technical definition of a recession The downturn exceeded analysts’ expectations of […]
New Zealand Enters Recession As Country’s GDP Drops 1.0% in Q3, Worst Since 1991: Reports
New Zealand’s economy officially entered a recession as the country’s GDP dropped by 1.0 per cent in the third quarter (Q3) of 2024, a sharper contraction than anticipated. This marks the steepest two-quarter decline since the 1991 recession, excluding pandemic disruptions. Reportedly, the sharp contraction exceeded forecasts, which had predicted a modest 0.2 per cent […]
Economy Faces Worst Downturn Since 1991, 5 things to know about its economic decline – Firstpost
Widespread weakness across sectors, declining household and government spending, and a shrinking GDP per capita have created difficulties for New Zealand. The downturn pressures policymakers to cut rates further amid hopes of a gradual recovery read more New Zealand has officially entered a recession as the economy shrank for the second consecutive quarter, marking its […]
recession 2025: New Zealand enters recession, economy sees worst downturn since 1991, currency hits new low
New Zealand’s economy officially entered a recession in the third quarter of this year, with gross domestic product (GDP) shrinking by 1.0 percent between July and September, according to data released on Thursday. This marked the second consecutive quarterly contraction, following a revised 1.1 percent decline in the April-June period. The slump was sharper than […]
US economy entering much more uncertain phase than Recession? What does Fed rate cut tell us?
US Fed rate cut has been announced. Federal Reserve officials made their third and final rate cut of 2024 at their meeting on Wednesday. They also forecast two fewer rate reductions in 2025 than they had previously expected, as inflation lingers and the economy holds up, as per a report. The Fed has come a […]
Canada’s stealth recession and the global fixed income pivot
In the U.S., inflation is trending downward as well, although core inflation remains stickier. That said, the Federal Reserve has already started cutting rates, with an aggressive 50-basis-point move surprising many observers. “A cut of that size is typically reserved for crises,” Briggs notes, “but it seems the Fed is trying to front-load easing to […]