Recession News

OPEC Cuts 2026 Global Oil Demand Forecast Again as China and European Recovery Slows

OPEC lowered its 2026 global oil demand growth forecast for the second consecutive time, signalling softening expectations for crude consumption recovery.

Jun 12, 2026

Australia's GDP Growth Slows More Than Expected as Rate Hikes Squeeze Household Spending

Australia's economy grew slower than expected last quarter as households cut back on spending under higher fuel costs and rising interest rates, strengthening the case for RBA rate cuts if the trend continues.

Jun 3, 2026

Statistics Canada Confirms Technical Recession as Bank of Canada Faces Policy Dilemma

Statistics Canada officially confirms Canada has entered a technical recession, forcing Bank of Canada to reassess rate policy between inflation discipline and economic support

May 31, 2026

Canada Enters First Technical Recession Since 2020 as Q1 Business and Government Spending Slump

Canada posted a slight GDP contraction in Q1 2026, entering its first technical recession since 2020 as weak business investment and government spending drove the decline.

May 30, 2026

Canadian Insolvencies Hit 2008 Financial Crisis Highs as Mortgage Costs Bite

Canadian insolvency filings have reached their highest level since the 2008 financial crisis, per new study data

May 29, 2026

Brazilian Household Debt Hits Record 49.9% of Annual Income as Rate Burden Soars

Brazilian household debt climbed to 49.9% of annual income — a central bank record — as steep interest rates and credit-card costs push debt service to 29.7% of income.

May 28, 2026

US Apartment Megamerger Shows Landlords Under Stress as REITs Consolidate for Scale

A major apartment sector merger signals deep stress in the US residential landlord market as REITs consolidate for scale amid elevated rates

May 26, 2026

Canada's Auto Industry Slumps and Bank of Canada Holds Rate-Cut Rush in Check

Canada's auto industry is experiencing a notable slump, reflecting both global EV transition pressures and softening domestic vehicle demand

May 25, 2026

Dave Ramsey Warns $100K Earner Against Quitting Job to Build Debt-Financed House

Personal finance advisor Dave Ramsey warned a $100K earner against quitting his job to build a house financed entirely by debt

May 25, 2026

Trucking Company Files Chapter 7 Bankruptcy After Loan Default Signals Freight Market Stress

A US trucking company has filed Chapter 7 liquidation bankruptcy after defaulting on its loan obligations, underscoring ongoing stress in the US freight and logistics sector.

May 24, 2026

Canada Mortgage Debt Hits Record High as Delinquencies Surge 45%+

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May 21, 2026

Philippine President Marcos Orders 10% Budget Cut Across Government to Ease Fiscal Crisis

Philippine President Marcos ordered a 10% cut in government expenditures to ease fiscal crisis pressures, signalling broader Southeast Asian budget stress.

May 19, 2026

Historical Double Whammy: Why a Stock Market Crash Looks More Likely Under Trump

A historical pattern described as a 'double whammy' has historically preceded market crashes, and that pattern is reportedly active under President Trump

May 16, 2026

Capital One Earnings Miss Sparks Fears of U.S. Consumer Credit Stress

May 13, 2026

Whirlpool Shares Sink 12% on Earnings Cut, Dividend Halt & 'Recession-Like' Demand

May 11, 2026

Trump Tariffs on Autos Threaten German Recession, EU Mulls Retaliation

May 5, 2026

US GDP +2.0%, Germany Posts Slim Q1 Growth as Iran War Clouds Outlook

May 2, 2026

Kiyosaki Warns of 2026–27 Market Crash Rivaling Great Depression

Apr 30, 2026

Iran War and Mandelson Scandal Leave UK Economy Exposed to Growing Storm

Apr 29, 2026

IMF cuts UK 2025 growth forecast to 0.8%, largest G7 downgrade

Apr 29, 2026

UK Pre-market Briefing — 2026-04-29: Iran War Threatens £35bn UK Economic Hit as Trade Flows Buckle

Apr 29, 2026

EY Item Club: UK economy to flatline 6 months, inflation near 4%, jobs at risk

Apr 29, 2026

Ex-Apollo Risk Chief Warns New Life Insurers Vulnerable in Market Downturn

Apr 28, 2026

US Housing Starts Fall to 1.246M Rate in Oct, Down 7.8% Year-on-Year

Apr 28, 2026

US Heavy Truck Sales Collapse 32.5% YoY in Dec, Down 15.3% for Full Year 2025

Apr 28, 2026