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Recession A recession is a period of reduced economic activity. It is typically defined as two consecutive quarters of negative economic growth, as measured by a country's gross domestic product (GDP). A recession is typically accompanied by a drop in the stock market, an increase in unemployment, and a decline in consumer spending. While recessions can be difficult for individuals and businesses, they are a normal part of the business cycle and are often followed by periods of economic growth.
Britain’s biggest business leaders — from BT and JD Sports to AO World and Rick Stein — are warning Rachel Reeves’s tax hikes and labour laws are crippling investment, driving out wealth and pushing the UK toward recession.
The White House and Wall Street were exuberant last week when the Commerce Department’s Bureau of Economic Analysis revised upward its second-quarter estimate of gross domestic product to show 3.8% growth in real terms, compared with a negative number in the first quarter. “US economy notches fastest growth pace in nearly two years in second […]
Stock indexes remain at record highs despite tariffs, geopolitical tensions, and cautious Federal Reserve policies. However, falling oil prices, surging gold and silver, and central banks' flight to safety signal a looming recession. Mixed U.S. economic signals and uncertain interest rate cuts heighten concerns, should prompt investors to prepare for an economic downturn.
Imran Amed sits down with British jeweller Kiki McDonough to reflect on resilience through recessions and a pandemic, the enduring appeal of coloured gemstones, and why jewellery’s longevity and everyday joy set it apart in a challenged luxury sector.