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Discover Latest #Recession News, Articles and Videos with Contenting
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.
China’s Growth Underscores Bessent’s Call to Rebalance Trade
President Xi Jinping’s government reached last year’s 5% growth target, a well-telegraphed victory that came as little surprise. But a closer look at the numbers reveals a reliance on trade that’s set to inflame US ties. Hours before the official data arrived for China’s fourth quarter, Scott Bessent — Donald Trump’s pick for Treasury secretary — accused the Chinese of “attempting to export their way out” of what he called “a severe recession, if not depression.”
President-elect Trump is inheriting a historically strong economy | Economic Policy Institute
President-elect Trump will inherit unquestionably the strongest economy for an incoming administration since the George W. Bush administration. That strong economic performance heading up to the 2001 transition, moreover, was largely buoyed by an overvalued stock market that was about to deflate and cause a recession. There are no such obvious macroeconomic imbalances that look…
Economists split on Singapore monetary policy amid Trump 2.0 uncertainties
Economists are split on whether Singapore's central bank will loosen monetary policy this week or leave its settings unchanged to wait to see what policies U.S. President Donald Trump introduces in his second term. Reuters polled 12 analysts and six expect the Monetary Authority of Singapore to loosen its currency-based monetary policy at a scheduled review on Friday to reflect an easing in inflation and stronger-than-expected economic growth in 2024. It last eased policy in March 2020 as Singapore braced for a recession as COVID-19 was spreading worldwide.