The global economy will be on the verge of a recession in 2024 and overall GDP growth may only reach 2.6%, writes Reuters. Recession is defined by the International Monetary Fund as a worldwide GDP decline of less than 2.5 percent, according to reports.  The World Bank had anticipated that...

A survey released on Thursday revealed that the euro zone's economy was in recession as the contraction in business activity persisted at the end of 2023, primarily due to a sustained downturn in the bloc's leading services industry.   After a preliminary estimate of 47.0, HCOB's Composite...

With the euro zone's activity declining in December for the eighteenth consecutive month and Asia's industrial powerhouses suffering from China's erratic economic recovery, global factories had a poor end to 2023.   A number of factory purchasing managers' indices that were released on...

Analysts expect that when inflation and interest rates decline in 2024, U.S. business earnings will rise more quickly; nonetheless, concerns about a faltering economy remain.   According to projections compiled by LSEG, S&P 500 earnings are predicted to rise 11.1% overall in 2024 after...

According to a survey, factory activity in the euro zone concluded 2023 weakly, declining in December for the 18th consecutive month. The survey also showed few indications of an impending robust recovery in what is probably a recessionary economy.   The final HCOB euro zone manufacturing...

Investors seem to be convinced that the main Western central banks are about to make the long-awaited shift from raising to lowering interest rates. As a result, markets rose, but as the globe gets used to an economic system where money is not easily obtained, 2024 may surprise us.   In...

Declining for the third consecutive month and weakening more than anticipated, China's manufacturing activity cast doubt on the country's prospects for economic recovery and strengthened the case for additional stimulus measures in the coming year.   In order to support the weak...

Argentina has backed out of its intended admission into the growing Brics club of nations, as announced by its new president, Javier Milei. Milei claimed in a letter to the presidents of South Africa, Brazil, Russia, India, and China that decisions made by the previous administration had been...

According to data analysed by healthcare research firm 3 Axis Advisors, drugmakers such as Pfizer, Sanofi, and Takeda Pharmaceutical plan to hike prices in the United States on over 500 medications in early January.   The research indicated that the costs of more than 140 prescription...