recession | Business Post

The Big Picture

Vincent Boland: Despite the gloomy predictions, the world has not collapsed into recession

Six months ago we were told that inflation, interest rates, stagnant growth and the war in Ukraine would see economies shrink – but many are showing signs of resilience

Analysis: If a US recession is going to come, Biden should hope it begins sooner rather than later

The typical modern recession lasts 10 months, so an early, short and shallow recession might be Biden’s best bet at a re-election rebound

Congress races to pass Joe Biden’s debt deal but economic risk remains

Economists have warned that the deal risks an additional short-term blow to an economy already vulnerable to a recession

Germany suffers winter recession on bleaker first quarter

Inflation and low consumer sentiment are among contributing factors

JP Morgan says stock market rally will fade

The US multinational thinks it is ‘too early’ to say a recession is off the table

Prediction 1,000 Irish companies could go under in 2023 if global recession hits

A new study from PwC says business failures could cost the economy billions

Cost of living to keep rising in 2023 as Irish economy attempts to head off recession, ESRI says

New report says Ireland should avoid recession but that growth in the economy will be ‘significantly reduced’

Manufacturing will see ‘modest growth’ in 2023

Conor Magee, head of manufacturing at Bank of Ireland, predicts ‘flat to moderate growth, and maybe some contraction’ due to the EU experiencing ‘the R word’ (recession)

Over 2,000 businesses have shut so far this year

A significant number of indicators show that Ireland could soon face a recession

The risk of recession: is Ireland headed for a new downturn?

All barometers point to a coming recession in Europe, with a number of key indicators ‘flashing red’. Ireland, however, is heading into this period of uncertainty on a stronger economic footing than it was in 2008

EU commissioner Mairead McGuinness warns of ‘anxiety’ over European recession

Russia’s invasion of Ukraine has had a major negative impact on the continent’s economy

International Monetary Fund warns ‘worst is yet to come’ as efforts to slow inflation raise risks

One third of global economy may tip into contraction next year, IMF warns

Think-tank warns possible ‘full blown financial crisis’ in the UK could hit Ireland

The ESRI also said inflation will remain high during the winter