recession

Haiti to move into fifth year of economic recession

Published on: August 10, 2023
16:40

Port-au-Prince, Aug 10 (Prensa Latina) Haitian government on Thursday forecast a fifth year of economic recession in a row, reporting a 0.4% negative growth rate, according to the framework letter for the 2023-2024 budget project.

Global economy is headed for a recession in 2023 – CEBR

Published on: December 26, 2022
17:39

London, Dec 26 (Prensa Latina) The world faces a recession in 2023 higher borrowing costs aimed at tackling inflation cause a number of economies to shrink, according to the Center for Economic and Business Research (CEBR).

FED warns of rate hike impact on potential U.S. recession

Published on: November 9, 2022
16:17

Washington, Nov 9 (Prensa Latina) The Federal Reserve's fight to lower inflation "may lead to a downturn" as the central bank's interest rate increases are "challenged" by still-high consumer savings, still-tight labor markets and ongoing supply problems, Richmond Fed President Thomas Barkin said on Wednesday.

Canada expects an economic recession in 2023

Published on: November 4, 2022
09:07

Ottawa, Nov 4 (Prensa Latina) The Canadian government expects an increased risk of economic recession in 2023, with a consequent short-term worsening of state accounts.

GDP report shows US economy shrank again in second quarter

Published on: July 28, 2022
18:58

Washington, Jul 28 (Prensa-Latina) The US Gross Domestic Product (GDP) dropped by 0.2% in the second quarter, after a 0.4% decline in the first, fueling fears that a recession may have already begun, the Bureau of Economic Analysis reported.

Haiti might move into fourth year of economic recession

Published on: October 6, 2021
00:15

Port-au-Prince, Oct 6 (Prensa Latina) Financier Kesner Pharel estimates that Haiti might be heading for its fourth consecutive year of economic contraction if political leaders are unable to reach an agreement.

Haitian government aims to reach national agreement

Published on: September 10, 2021
13:27

Port-au-Prince, Sep 10 (Prensa Latina) The Government of Haiti expects to reach an agreement to build governance amid the multiple crises the country is currently experiencing, after the president's assassination, the economic recession and the recent earthquake.

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