#economic-recession-risk

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UK politics
fromwww.theguardian.com
1 day ago

Reeves vows to crack down' on energy and fuel bosses exploiting Britons through rip-off' prices UK politics live

Chancellor Rachel Reeves directs the CMA to investigate fuel price exploitation amid Middle East conflict driving oil prices above $100 per barrel, threatening UK recession.
World news
fromAxios
1 day ago

What it will mean for the economy if the Strait of Hormuz stays closed

Sustained elevated oil prices from Middle East tensions risk triggering recession in major oil importers and damaging U.S. economic growth through supply disruptions and inflation.
World news
fromFuturism
4 days ago

Looks Like the Economy Is Hitting a "Nightmare Scenario"

Tanker disruptions in the Strait of Hormuz due to U.S.-Iran tensions cut off 20% of global oil and liquefied natural gas supplies, causing crude prices to exceed $100 per barrel and triggering recession fears across global markets.
World news
fromFortune
1 week ago

How the war in Iran could 'guarantee' a global recession | Fortune

Attacks on tankers in the Strait of Hormuz threaten 20% of global oil supply and could trigger worldwide economic recession if disruptions persist.
fromwww.theguardian.com
4 months ago

Canada's Liberal party says budget of sacrifice' needed to avoid recession

Canada's ruling Liberal party has said a budget of sacrifice is required to confront both a trade war with the US and a protracted cost of living crisis that threatens to push the country into a recession. But with opposition parties signalling they won't support the fiscal plans of the prime minister, Mark Carney, a failed parliamentary vote on the budget could plunge the country into another federal election in the coming weeks.
Canada news
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