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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.
Many world markets took a breather on Monday as investors awaited the outcome of U.S. President Donald Trump's extraordinary meetings with Ukraine's Volodymyr Zelenskiy and many European leaders, and looked ahead to Fed Chair Jerome Powell's keynote speech in Jackson Hole later in the week. In my column today I ask whether U.S. consumer spending can be sustained, which would keep the economy growing and steer it away from recession.
Training gaps and outdated tools have left freight security full of blind spots; competition makes them wider. The trucking industry carries roughly 70% of all goods across the United States, yet it’s operating in the middle of a freight recession. Volumes are down, rates are volatile, and with many providers fighting load to load just […] The post The Link Between Hyper-Competition and Freight Fraud appeared first on FreightWaves.
Switzerland’s economy grew just 0.1% qoq in Q2, in line with expectations, as SECO noted that the “anticipated correction” followed above-average growth earlier this year. Industrial output and exports contracted sharply, while services posted broad-based gains.
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