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The Latest Breaking News from Recession

UK banks asked to stress-test their systems against ‘plausible’ global recession

The scenario would see both inflation and interest rates climb to 7 per cent

The Independent UK

How Brexit has made Britain poorer – in charts

Forecasters were wrong about an immediate recession but right that we would be worse off outside the EU

The Guardian - UK

India has capacity to repay 94% of its foreign debt in a single day, says Devendra Fadnavis

Maharashtra CM Devendra Fadnavis dismissed economic slowdown fears, stating India can repay 94% of foreign debt in a day and has reserves for 11 months of imports. He highlighted India's robust GDP growth, remaining the world's fastest-growing economy despite recession predictions, and its emergence as the fourth-largest economy.

The Economic Times

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Experts Name Exact Trigger That Will Turn Tech Layoffs Into a Catastrophic Regional Recession

Tech layoffs in Silicon Valley raise concerns about a potential recession, but economists argue the impact remains contained to the tech sector, with broader economic stability still intact.

International Business Times UK

OECD warns of 'scarring effects,' recession scenarios—but finds 'no signs of widespread labour displacement' from AI

The real problem for AI adoption, the global body says: "a lack of workers with digital skills emerging as a barrier to the adoption of AI technologies."

Fortune

OECD cuts 2026 global growth forecast and warns of recession risk if Iran war persists

The war in the Middle East has dented economic growth prospects worldwide, with a more severe shock likely if no effective ceasefire is agreed before 2027, the OECD warned Wednesday.

Euronews

OECD warns prolonged Middle East war could sharply slow global growth

The global economy faces uncertainty due to the Middle East conflict. The OECD warns of recession and rising inflation if the war continues into next year. A prolonged conflict could significantly slow global growth. Asian nations heavily reliant on Middle East energy supplies are expected to face the biggest impact.…

The Economic Times

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OECD predicts spate of recessions globally if Iran conflict drags into 2027

Policy forum lays out ‘prolonged disruption’ scenario in which world’s GDP falls to 2.1% this year from 3.4% in 2025

The Guardian - UK

Trump Reignites '51st State' Taunt After Canada Falls Into Technical Recession

Canada's PM has publicly rejected the idea and recently called for a "new relationship" with the United States ahead of the upcoming review of the U.S.-Mexico-Canada Agreement

Latin Times

It's not a recession. But Goldman says your paycheck is acting like it

Real income growth has slowed to a pace "rarely seen outside of recession," Goldman Sachs warns — and Americans are only beginning to feel the squeeze.

Fortune

Canada dips into technical recession? Pierre Poilievre slams Mark Carney, says no other G7 country is in this situation

Canada entered into what many experts would call a technical recession after it reported two consecutive quarters of contraction in economic growth. Statistics Canada said real gross domestic product fell 0.1 per cent on an annualized basis in the first three months of this year. That comes after a downwardly…

The Times of India

Global growth to weaken, India stands out with strongest growth prospect: WEF survey

In its latest Chief Economists' Outlook, the World Economic Forum (WEF) said nearly nine in ten chief economists surveyed expect global growth to weaken over the coming year, though only 13 per cent think there could be a global recession.

The Economic Times

The Harvard economist behind the Education Scorecard says the ‘Learning Recession’ is more than a COVID problem—it’s at least a decade old

Think all the backsliding in U.S. education is the result of remote school, masks and a year of social distancing? Not exactly, says Tom Kane.

Fortune

With oil markets nearing the danger zone, a US-Iran deal can’t come soon enough

Global prices are approaching a tipping point that could trigger inflation, shortages and, over time, recession

The Guardian - UK

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Fortune

Millionaire podcaster Mel Robbins hits back Gen Z's lazy label—she says they’re stuck in a world their baby boomer parents wouldn’t even recognize

The millionaire TV personality pointed out people in their twenties are living through a recession, workforce changes, and unfair scrutiny from leaders.

The Economic Times

Crude oil prices could hit $200 per barrel if Strait of Hormuz remains closed: Report

A prolonged closure of the Strait of Hormuz could push crude oil prices to as high as $200 per barrel and trigger a global recession, according to a Wood Mackenzie report.

The Independent UK

The big bill split: Why being polite – and your mate’s cocktail – is costing you £240 a year

LET’S UNPACK THAT: One in three Brits regularly overpay on shared bills and are losing hundreds of pounds a year in the process. As a potential recession looms, Lydia Spencer-Elliott looks into when it’s worth pushing back on settling up

The Economic Times

Hormuz closure threatens recession rivaling 2008, Rapidan Energy Group says

Rapidan Energy Group warns that if the Strait of Hormuz remains closed through August, the world economy could face a downturn approaching the severity of the 2008 financial crisis.

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France 24

Iran war squeezes Europe’s economy as growth slumps, prices surge

Europe’s economy is slowing sharply as the Iran war drives up energy costs, deepening pressure on households and challenging policy makers. Fresh data for May showed euro zone business activity contracted at its fastest pace in more than two years while inflation pressures intensified, raising fears of a prolonged cost-of-living…

Euronews

Recession warning? Eurozone activity hits lowest level in over two and a half years due to Iran war

Business activity across the eurozone slowed sharply in May, hitting its lowest level in more than two and a half years.

The Times of India

Super-rich NRI who called himself 'recession-proof' in 2008 sent to jail: His New Jersey mansion had salt water pool surrounded by imported sand

Parmjit “Paul” Parmar, an Indian-origin investor who once called himself recession-proof as he continued splurging money in 2008, has been sentenced to five years in prison. Parmar pleaded guilty to conspiracy to commit securities fraud that involved inflating revenues, falsifying bank records, and misleading investors in a publicly traded healthcare…

Fortune

Top economist says $39 trillion national debt leaves government worse prepared for recession than ever

The Fed’s hands would be tied in the case of a downturn.

MarketBeat

Reading the Stripes: Is The Industrial Recession Over?

Zebra Technologies' strong earnings and raised guidance signal a turning point for the industrial sector as supply chain hardware spending resumes.

The Independent UK

US faces ‘reading recession’ as school test scores continue to decline

Between 2022 and 2025, only five states and the District of Columbia had meaningful growth in reading scores

The Economic Times

Is the biggest US stock market crash in history coming in 2026? Robert Kiyosaki warns rising debt, sticky inflation and the AI stock bubble could trigger a historic Wall Street collapse

Is the biggest US stock market crash in history coming in 2026 as Dow Jones, S&P 500 and Nasdaq face rising inflation, oil shock and recession fears? Robert Kiyosaki stock market crash 2026 warning is shaking global investors. He says markets may face the biggest crash in history as debt…

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