Given sticky inflation and the slowing jobs market, some economists fear a recession or the possibility of stagflation.
The National Bureau of Economic Research (NBER) defines a recession as a “significant decline in economic activity that is spread across the economy, lasting more than a few months.” Three criteria – ...
Economists are warning that the fate of California and New York’s economy could determine whether the entire country is able ...
Canada's economy has weakened as a result of Donald Trump's tariffs. But sweeping exemptions for most Canadian exports has ...
The Great Recession from 2007-09 saw GDP fall 4.3%, the biggest drop since the Great Depression. Deregulation in the 2000s and excessive risk by banks were major causes of the financial crisis.
A Goldilocks economy has steady economic growth, that prevents a recession but not so much growth that inflation rises by too much. It's an ideal state for an economy.