recession

Economists say the hit from the tariffs could push the economies of Mexico and Canada into recession.

“Under the worst-case scenario, the Mexican economy will fall into recession, the currency will depreciate, and inflation will rise,” reads a report released by the economic research firm Moody’s Analytics.

The UK grew strongly in the first half of 2024, when the economy was rebounding from the brief recession at the end of 2023.

Americans are looking to tame their spending habits in response to overconsumption, ongoing inflation and a potential recession, recent analytics and social media data suggest.

Best-selling author Frank Cottrell-Boyce, the current children's laureate, is to spearhead a campaign to tackle a "recession in children's happiness" that he believes is caused by a decline in reading at a young age.