Shared office space company WeWork filed for bankruptcy late Monday, joining a crowded list of high-profile companies to go under recently, as 2023 heads toward becoming the second-busiest year for bankruptcies in more than a decade. Forbes breaking news reporter Derek Saul joins Brittany Lewis on “Forbes Newsroom” to explain.
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BREAKING: Recession News
LEARN MORE ABOUT: Bank Failures
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As the global economy continues to navigate its way through various challenges, many people are wondering just how likely a recession truly is. With uncertainty around trade policies, geopolitical tensions, and financial market volatility, it’s understandable that there is concern about the possibility of an economic downturn.
First, it is important to understand what a recession actually is. In the simplest terms, a recession is a period of economic decline where there is a significant drop in economic activity. This typically includes a decrease in consumer spending, a reduction in business investment, and a rise in unemployment. Recessions are typically characterized by negative GDP growth for at least two consecutive quarters.
So, how likely is a recession in the near future? The answer to that question is complex and is dependent on a variety of interrelated factors. In the United States, for example, many economists and financial analysts have been increasingly concerned about the potential for a recession. The inverted yield curve, which occurs when short-term interest rates are higher than long-term interest rates, has historically been seen as a strong indicator of an impending recession. As of late, the yield curve has shown signs of inversion, which has led to heightened fears of an economic downturn.
In addition to the yield curve, there are other factors that are being closely monitored for signs of a potential recession. Trade tensions between the United States and China, as well as other countries, have contributed to market volatility and have raised concerns about the global economic outlook. The ongoing uncertainty surrounding Brexit and its potential impact on the European economy is another area of concern. Furthermore, the Federal Reserve’s monetary policy decisions and their impact on interest rates are being closely watched as well.
It is also important to note that while there are certainly indications that a recession could be on the horizon, there are also factors that could mitigate the likelihood of a downturn. For example, consumer confidence and spending remain relatively strong, and the labor market in many countries continues to show signs of strength. Central banks and policymakers also have the ability to take actions to stimulate economic growth and mitigate the impact of negative factors.
Ultimately, predicting the likelihood of a recession is a challenging and complex endeavor. There are a multitude of factors at play, and the global economy is influenced by a wide range of interconnected variables. While there are certainly reasons to be cautious and mindful of potential economic headwinds, it is also important to consider the positive indicators and potential actions that can be taken to support continued economic growth.
In conclusion, while the likelihood of a recession is a topic of significant interest and concern, it is important to remember that nothing is certain when it comes to the global economy. It will be crucial for governments, central banks, and businesses to continue to closely monitor economic indicators and to take proactive measures to support growth and stability. As always, the future of the economy will be shaped by a multitude of factors, and the potential for a recession should be considered in the broader context of global economic conditions and trends.
Only people calling for one are the same people who have been for over a decade now.
And media parades them out without asking them about their decade worth of post calling for collapse etc.
anyone that listen to that crap would have missed out on the biggest economic gains their lifetime is likely to see.
We're already in a recession!
Everyone trying to predict lmao. I'm going to make one next in hope that something happens. If not. I will give it a few weeks and try to bring it up again and see if I get more views. Oh and I'll talk about everything everyone 3lse is talking about. With no new info.
Demcrats keep chaining the meaning. It will only be a recession if Republicans win in 24. It probably jum to depression.
The fact I can't afford proper food for my precious family of color or gas. Sure seems like a recession.
It's already here……. we're looking at a depression
We're getting close to one following on the heels of the COVID recession. It's only been 14 months since the end of the war in Afghanistan. Ever since WWII the US experiences a recession after the ending of a war. It happened with WWII, Korean, Vietnam War and the Gulf War. The window is between 1 and 2 years.
There's another thing about recessions that history tells us. Should 1 happen in an election year the White House changes parties. 1932, 1960, 1976, 1980, 1992, 2000, 2008 and 2020 all had recessions.
Last night there was an accident and Trump's personal library burnt down. This is a huge catastrophe because BOTH of his books were lost and he'd only coloured in one of them so far.
She is wrong. The Bush Depression started in 07. Than Obama and Joe Biden had to fix it. Dems always have MAJOR clean up after a Republican administration. ALWAYS.
How many Trump supporters does it take to change a light bulb?
NONE!
He just tells them he fixed it, and they all cheer in the dark.
I don’t like Brittany Lewis She is a 100% Trump haters
We’ve been in one for three years.
It’s already here don’t be stupid, interest rates 8% and prices up 5-20% across the board, MAGA will solve this within 3 months