Economists surveyed by The Wall Street Journal have dramatically raised the probability of recession, now putting it at 44% in the next 12 months, a level usually seen only on…
The U.S. economy is starting to slow under the combined weight of soaring inflation and climbing interest rates—including the highest mortgage rates since 2008. Recent reports show sharp declines in…
HONG KONG—China’s economy improved slightly in May, offering hints of a recovery that is likely to remain fragile under the continuing threat of pandemic-related lockdowns. Official data released by the…
The U.K.’s economy contracted for the second straight month in April, as surging inflation weakened consumer spending, and programs designed to contain the spread of Covid-19 were wound down. The U.K.’s…
The U.K.’s economy contracted for the second straight month in April, as surging inflation weakened consumer spending, and programs designed to contain the spread of Covid-19 were wound down. The U.K.’s…
WASHINGTON—Treasury Secretary Janet Yellen said elevated gasoline prices—near $5 a gallon—are likely to persist, but she doesn’t see a slowing U.S. economy slipping into recession. Disruptions in global oil markets…
WASHINGTON—Treasury Secretary Janet Yellen warned that the U.S. is likely facing a prolonged period of elevated inflation, while the World Bank sharply lowered global growth forecasts and flagged a risk…
OTTAWA—The rapid acceleration in prices has increased the likelihood the Bank of Canada may need to double its policy interest rate, from its current 1.5% level to 3% or higher,…
RIYADH—In past oil booms, Saudi Arabia funneled financial windfalls into massive infrastructure and handouts for its citizens. This time around, it is sitting on the cash. With oil prices consistently…
BEIJING—When China’s top two leaders sought to reassure foreign executives increasingly frustrated over the country’s stringent Covid-control measures last week, Chinese leadership seemed to be speaking with two voices. On…
Recession Probability Soars as Inflation Worsens
Economists surveyed by The Wall Street Journal have dramatically raised the probability of recession, now putting it at 44% in the next 12 months, a level usually seen only on…
U.S. Economic Growth Shows Signs of Slipping
The U.S. economy is starting to slow under the combined weight of soaring inflation and climbing interest rates—including the highest mortgage rates since 2008. Recent reports show sharp declines in…
China’s Economy Shows Signs of Recovery, but Covid Lockdown Threat Remains
HONG KONG—China’s economy improved slightly in May, offering hints of a recovery that is likely to remain fragile under the continuing threat of pandemic-related lockdowns. Official data released by the…
U.K. Economy Shrinks for Second Month as Outlook Dims
The U.K.’s economy contracted for the second straight month in April, as surging inflation weakened consumer spending, and programs designed to contain the spread of Covid-19 were wound down. The U.K.’s…
U.K. Economy Shrinks for Second Month as Outlook Dims
The U.K.’s economy contracted for the second straight month in April, as surging inflation weakened consumer spending, and programs designed to contain the spread of Covid-19 were wound down. The U.K.’s…
Yellen Sees High Gasoline Prices Persisting
WASHINGTON—Treasury Secretary Janet Yellen said elevated gasoline prices—near $5 a gallon—are likely to persist, but she doesn’t see a slowing U.S. economy slipping into recession. Disruptions in global oil markets…
Janet Yellen and World Bank Expect Elevated Inflation to Persist
WASHINGTON—Treasury Secretary Janet Yellen warned that the U.S. is likely facing a prolonged period of elevated inflation, while the World Bank sharply lowered global growth forecasts and flagged a risk…
Policy Rate Might Be Headed Toward 3% or Above
OTTAWA—The rapid acceleration in prices has increased the likelihood the Bank of Canada may need to double its policy interest rate, from its current 1.5% level to 3% or higher,…
Saudi Arabia Sits on Its Oil-Boom Windfall as It Seeks to Diversify Economy
RIYADH—In past oil booms, Saudi Arabia funneled financial windfalls into massive infrastructure and handouts for its citizens. This time around, it is sitting on the cash. With oil prices consistently…
China’s Top Two Leaders Diverge in Messaging on Covid Impact
BEIJING—When China’s top two leaders sought to reassure foreign executives increasingly frustrated over the country’s stringent Covid-control measures last week, Chinese leadership seemed to be speaking with two voices. On…