See Local News
Get Balanced News From Your U.S. State.
See Local News
See all locals

Recession reality hits major economies

Posted on AllSides February 15th, 2024
From The Left
Illustration: Aïda Amer/Axios

Japan and the U.K. each saw their economies shrink for two consecutive quarters, meeting the technical definition of a recession, according to data out Thursday. Meanwhile, in Europe, officials said they expect weaker economic growth across the bloc.

Why it matters: This year may see more global economic turmoil than last as nations struggle to rebound from slowdowns that are worse than previously known. The effects of these slowdowns — together with one in China — could ripple around the rest of the world in unknown ways.

Where it stands:...

Read full story

More News about World from the Left, Center and Right

From the Left

From the Center

From the Right