Tag: GDP

Data from the European statistics agency Eurostat released on Thursday revealed that the eurozone slipped into a recession during the first three months of 2023. This comes after a downward revision of growth in both the first quarter of 2023 and the last quarter...

Investor fears regarding a potential near-term U.S. recession have subsided after revisions to economic data for the first quarter of the year showed that the economy grew faster than expected. U.S. GDP growth was 1.3% in the first quarter of 2023, meaning that U.S. economic...

International Monetary Fund managing director Kristalina Georgieva on Sunday called for caution as risks to financial stability continue to rise. Georgieva went on to state that she expects 2023 to be another financially challenging year, with global economic growth slowing to 3% following the...

Goldman Sachs issued a statement of warning on Wednesday to investors amid the wave of economic uncertainty arising from the collapses of Silicon Valley Bank and Signature Bank. This development led Goldman Sachs chief economist Jan Hatzius to reduce his GDP forecast for 2023. Hatzius...

The Institute of International Finance report published on Wednesday revealed that the nominal value of global debt decreased by $4 trillion, thereby bringing it under the $300 trillion threshold that was reached in 2021. This is the first time since 2015 that the global...

Brazil's central bank released data on Monday showing that the South American nation's debt as a share of gross domestic product (GDP) in 2022 sunk to its lowest level in over five years. The country's debt in December fell to 73.5% of its GDP...