The ‘Sahm Rule’ serves as a heuristic indicator employed by the Federal Reserve to ascertain the onset of a recession in the economy. The Sahm Rule is a real-time evaluation tool based on monthly unemployment data from the Bureau of Labor Statistics (BLS). Named after economist Claudia Sahm, it forecastsRead More →
The U.K. economy has recovered from its ‘technical’ recession, with the gross domestic product (GDP) increasing by 0.6% in the first quarter, surpassing expectations. Official figures released on Friday revealed this growth, which exceeded the 0.4% predicted by economists surveyed by Reuters for the previous quarter. In the latter halfRead More →
The economy grew by 0.2%, ONS figures show, boosted by sales in shops and online and from more construction activity. Hopefully this means the UK is on its way out of recession. The Office for National Statistics (ONS) said the services sector led the bounce back. This is an earlyRead More →
Japan’s economy slipped into a technical recession, after the economy unexpectedly contracted again in the October-December 2023period, government data showed Thursday 15th February 2024. High inflation affected domestic demand and private consumption in what’s now the world’s fourth-largest economy. Provisional gross domestic product contracted 0.4% in the fourth quarter compared with aRead More →
The UK is at risk of recession after revised figures indicate the economy shrank between July and September 2023. A recession is defined as when the economy shrinks for two three-month periods in a row. Gross Domestic Product (GDP), which measures the health of the economy, contracted by 0.1% afterRead More →
The stock market has been experiencing some volatility and uncertainty in September and October 2023, as investors fret about inflation, interest rates, and the possibility of a U.S. recession. Main facts affecting the current stock market The month of October has produced some severe stock market crashes over the pastRead More →