Viral News Desk
A recession is a downward trend in GDP characterized by a decline in production and employment. To anticipate a recession, experts follow employment trends, company earnings, Federal Reserve regional data, and overall manufacturing trends
During periods of recession, companies make fewer sales, and economic growth stalls or becomes nonexistent. To cut rising costs, organizations are forced to lay off large portions of their staff, resulting in widespread unemployment
England seems to be the worst affected country of recession. Chances of inflation there are as high as 75%, followed by New Zealand, USA, Germany, Italy, Canada and France (Ac to @stats_feed)
Indian Economy has emerged as the most 'recession-proof' with just ZERO pc Recession probability forecast. Other countries that are seemingly least affected of recession are Indonesia, Saudi Arabia, China, Brazil and Switzerland (Ac to @stats_feed)
Demand for diesel, the lifeblood of the industrial economy, has fallen sharply in USA adding to investor fears that a recession is looming over the world’s biggest fuel guzzler, ac. to FT
The World Economic Forum (WEF) said in a report, the UK is expected to be the only G7 country to fall into recession in 2023, according to the International Monetary Fund (IMF)