Tag: recession

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Banking turmoil means recession fears are creeping back

The failures of U.S. lenders Silicon Valley Bank (SVB) and Signature Bank, followed by Credit Suisse's rescue, and the ensuing turmoil in world markets...

Oil slips for third day as recession fears mount

Oil fell for a third day on Thursday as fears over the economic impact of rising interest rates offset a surprise drop in U.S....

Fitch sees recession coming in Germany, Italy later in 2023

Fitch sees Germany and Italy’s economies going into recession by the end of this year as they battle to control inflation, although the Eurozone...

Stocks shrug off rate risks as data tempers recession worries

Stocks rose on Thursday as economic data from around the world fed hopes that the global economy might not face as hard a landing...

Recession alarm bells are ringing, but (much) less loudly than before

The rapid reopening of China's economy, plunging European gas prices and cooling U.S. inflation suggest a global recession may not be as deep and...

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World Bank’s Banga says more bilateral debt forgiveness needed

World Bank President Ajay Banga said on Thursday (17...

Ghana, creditor panel agree on debt restructuring, paving way for IMF cash

Ghana has finalised a pact with its official creditor...

Nigeria strikes deal with Shell to supply $3.8 billion methanol project

Nigeria has struck a deal for Shell (SHEL.L), opens new...

Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

Africa's immense economic potential is being undermined by non-transparent...

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