The U.S. economy grew at an annual rate of 2.9% in the final three months of last year — a surprisingly strong finish. But growth is expected to slow in 2023, and possibly even reverse.
The layoffs at Google follow similarly huge cuts at Microsoft, Amazon and Salesforce. Tech companies who hired rapidly during the pandemic now face fears of recession.
Georgians have been pinching pennies to get by during a rough economy, and the hard times are likely to continue — economists at the University of Georgia’s annual Georgia Economic Outlook say odds are high the nation will experience a recession in 2023.
Liz Truss' resignation as Prime Minister is being blamed on a faulty economic plan. But her fate should serve as a warning to other countries that may have to grapple with an inconceivable choice.
Nearly all the chief executives in a new survey — 98% — say they're getting their ducks in a row for an impending economic downturn in the United States.
Companies are bracing for potential trouble ahead by lowering their advertising budgets, cutting costs and adapting to their customers' changing spending habits.
U.S. employers added 528,000 jobs in July, showing the labor market remains strong, despite high inflation and softening economic growth. The unemployment rate fell to 3.5%.
An editing battle over its "recession" entry prompted Wikipedia to put a temporarily lock on revisions. The entry was changed to a definition of recession that aligned with President Biden's stance.
GDP, or gross domestic product, tells us how much the economy grew in the previous quarter. There's fears that the economy contracted for a second quarter in a row.
Inflation is sky high. The Federal Reserve wants to bring it back to earth without crashing the economy. But achieving a so-called "soft landing" and avoiding a recession is easier said than done.
