Today, the world’s fourth-largest economy, Germany, was confirmed to be in recession due to the drop in the euro’s value. Meanwhile, the dollar reached a two-month peak as demand for safe-haven assets rose because of growing concerns about a US default on its debts. The biggest economy in Europe Germany
Respondents look to new customer acquisition, cost optimization and outsourcing to contend with economic pressures Sustainability enters European insurers’ top-five priority list FRANKFURT, Germany–(BUSINESS WIRE)–$III #ClimateChange–Three-quarters of European insurance industry leaders say geopolitical tensions, persistently high inflation and the threat of recession will drive their companies to accelerate their digital
The investment and asset management firm BlackRock has released its forecast for the financial markets in the next year. The firm, which is believed to handle $8 trillion in assets, predicts a downturn due to central banks’ anti-inflationary measures. But its 2023 Global Outlook research claims that this recession would
At least 80% of institutional investors in all regions except Asia say their economies are or will be in a recession next year Most think inflation will remain high and that central bank policy alone can’t fix it. Nearly half believe an engineered soft landing is unrealistic Rising rates make
Michael Burry, the founder of the investing company Scion Asset Management, has predicted the coming of a “real recession” that would persist for many years. Burry is well-known for predicting the 2007–2010 U.S. subprime mortgage crisis and making money off of it. The movie “The Big Short,” starring Christian Bale,
Jim Rogers says the upcoming recession must be the worst in his lifetime. Consumer Price Index in September surged to 8.1%. In a recent interview, Jim Rogers, an famed investor who launched the Quantum Fund along with billionaire investor George Soros, warns that the bear market will only get worse
Burry highlights the deteriorating situation in the white-collar workforce. The Fed has used the robustness of the job market to allay recession concerns. Inflation has devastated economies throughout the world. The macroeconomic situation will deteriorate as predicted by Michael Burry, an experienced investor and the founder of Scion Capital. Burry
3% of respondents think a recession in the American economy would never happen. Elon Musk recently predicted, the next recession might last up to 18 months. The findings of a study on the status of the US economy performed by Stifel Financial Corp. (NYSE: SF) last week were released. Between
Dimon then said that there is a 20-30% chance that something much worse may occur. Goldman Sachs CEO David Solomon has previously issued a similar warning. Jamie Dimon, CEO of JPMorgan Chase & Co., recently warned clients on a conference call that something much worse than a recession might be
National Bureau for Economic Research (NBER) is scheduled to analyze the statistics. The Federal Reserve raised interest rates by 75 basis points on Wednesday. The GDP of the United States fell for the second time in a row in the most recent quarter. The US Bureau of Economic Analysis (BEA)
