IIF sees rising risk of global recession — and Canada won't escape the pain — via financialpost
Two months ago the Institute of International Finance changed its forecast to predict a recession in the eurozone.Since then new risks have emerged for a world already disrupted by the war in Ukraine and the lingering threat of COVID-19, says the association for the global financial industry.
Analysts now warn that this downturn may be harder to recover from than when the pandemic began in early 2020, Reuters reports. Meanwhile, a “disorderly tightening in U.S. financial conditions is playing out, which compares to the 2013 taper tantrum, it said.On Sunday Goldman Sachs’ Lloyd Blankfein warned that there was a “very, very high risk” of a U.S. recession and warned businesses and consumers to prepare for it.
Broad-based recession talk is the main market mover this morning, writes Ipek Ozkardeskaya, senior analyst at Swissquote Bank in her note.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Air Canada flights return to Indianapolis International AirportBeginning Sunday, travelers at the Indianapolis International Airport (IND) will once again have a daily flight option to Canada through Air Canada.
Lire la suite »
Analysis: Trudeau foe attacks Bank of Canada in party leadership bidThe front-runner to head Canada's Conservatives and likely challenger to Liberal Prime Minister Justin Trudeau is staging a rare series of attacks on the central bank as inflation soars, in a strategy to win party leadership that could hurt his chances in a general election.
Lire la suite »
Allegations of abuse describe 'unacceptable' behavior, says Gymnastics CanadaMore than a dozen other gymnasts have joined the lawsuit, which seeks class action status
Lire la suite »
US, UK, Canada, Australia, Netherlands Share Crypto Criminal Leads, Including a Potential $1B Ponzi Scheme – Regulation Bitcoin NewsOfficials from the U.S., U.K., Canada, Australia, and the Netherlands have shared data and identified more than 50 crypto-related criminal leads. crypto cryptocurrency bitcoin $BTC
Lire la suite »
Ex-Goldman CEO Blankfein says recession possibility is 'very high risk factor'Former Goldman Sachs CEO Lloyd Blankfein said on Sunday he believes the economy is at risk of possibly going into a recession, as the U.S. Federal Reserve continues to raise interest rates to tackle rising inflation.
Lire la suite »
'Very, very high' risk of recession, warns Lloyd Blankfein of Goldman SachsIn an interview on CBS News' 'Face the Nation,' Blankfein said there is definitely a risk of recession, and that business and consumers should brace for one.
Lire la suite »