According to press reports, the UK narrowly avoided falling into recession in 2022 after the economy saw zero growth between October and December. The Office for National Statistics says this is despite a sharp 0.5% fall in economic output during December, partly due to strike action. Chancellor Jeremy Hunt said the figures demonstrated underlying resilience but that the country was […]
Oil prices rose about 2% in volatile trade today but were still heading for a weekly decline as investors worried about a potential recession-driven demand downturn even though global fuel supplies remained tight. Brent crude futures rose $2.46 to $107.11 a barrel. U.S. West Texas Intermediate crude rose $2.10 to $104.83 a barrel. Support The Readers Bureau Buy A T-Shirt […]
Brazil’s economy for the past two years has been in a decline, and the outlook by some experts continues to be mixed. The economy contracted 3.6% y/y in 2016, following a similar drop in 2015, and leading to a reduction of over 7% y/y in real GDP in the last two years. The country is in its longest recession since […]
