Usually when jobs and wages are rising, it’s a good thing, but right now they may signal higher odds of a nasty recession – and Americans aren’t ready for it.
Emerging economies are facing mounting debts, and the world needs to figure out how to save them from default.
Strarline/Freepik
Emerging economies such as Brazil, Egypt, India, and Indonesia are vital global players. Saving them from possible debt default may improve the world’s resilience against the looming global recession.
Black Friday is one of the busiest shopping days of the year.
AP Photo/Bebeto Matthews
Steven Hamilton, Crawford School of Public Policy, Australian National University
Policymakers were too complacent about inflation, and the global economy is paying the price. Australia’s resources mean it is better placed than most.
Pandemic-era government support allowed companies to furlough employees while keeping them on the payroll.
ImageFlow / Shutterstock
Ghana’s sovereign risk has been downgraded to near junk status by ratings agencies in recent times.
Buildings sit in the water along the shore following Hurricane Fiona in Rose Blanche-Harbour Le Cou, Nfld. Fiona left a trail of destruction across much of Atlantic Canada.
THE CANADIAN PRESS/Frank Gunn
Amid a number of major crises, the world clearly needs radical change. But what will it look like? The desire to return to pre-pandemic ‘normal’ is powerful, but ‘normal’ is what got us where we are today.
The Bank of England has indicated that the UK may have already entered a recession based on preliminary data.
Craig Hastings / Shutterstock
Peter Martin, Crawford School of Public Policy, Australian National University
At the right moment, Australia’s Reserve Bank would be wise to stop taking its lead from the US – holding interest rates here steady, even if they’re still rising overseas.
The Fed has a mandate that keeps its focus on the U.S.
AP Photo/Mark Lennihan
The Fed’s recent rate hikes are contributing to higher prices and growing recession risks around the world, yet there are good reasons why the US central bank has to keep its focus domestic.
Canadian economists predict a recession will likely occur sometime in 2023.
(Shutterstock)
With a recession seeming imminent, many Canadians are rightfully concerned about the state of their finances. Here are some ways you can be prepared for one.