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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.
After 18 months of economic and geopolitical uncertainty, marked by recession fear, macroeconomic stability is making a comeback. This recovery is driving a resurgence in mergers and acquisitions (M&A) activity in the media sector.The first half of 2024 recorded a 17% year-on-year (YoY) increase in deal volumes in the sector, climbing from 60 transactions to 70, according to a new report by Collingwood, a consulting and advisory firm specializing in the media sector. This growth was driven by Europe and the UK, which recorded 42 deals in H1 2024, up 35% YoY.
Chancellor Rachel Reeves’s clampdown on inheritance tax relief for family businesses and farms risks a £1bn net loss to the Treasury, economists say, amid warnings of job cuts, reduced investment and a looming recession.
UK chancellor Rachel Reeves may be forced into emergency tax hikes by spring if the economy worsens. As businesses shed jobs and growth stalls, experts warn the government’s fiscal targets could trigger urgent measures.
New Zealand's economy shrank by 1% in the third quarter. This was worse than predicted. The country is now officially in recession. The New Zealand dollar fell sharply. The government and opposition blame each other for the downturn. Experts warn this could lead to job losses. The economy is expected to improve next quarter.