• Loading stock data...
PublicWire | Emerging Market Stock News
  •  Home
  • Technology
  • Medical
  • Energy
  • Cannabis
  • Finance
  • Retail
  • General
  • Podcast
  • Videos
  • Services
  •  Home
  • Technology
  • Medical
  • Energy
  • Cannabis
  • Finance
  • Retail
  • General
  • Podcast
  • Videos
  • Services
No Result
View All Result
PublicWire
No Result
View All Result

Home » Finance » Analyst said UK is already on recession

Analyst said UK is already on recession

Al Restar by Al Restar
September 27, 2019
in Finance
2 min read
35
0
Analysts say lending rate spikes this week will not lead to a recession

Photo by M. B. M. on Unsplash

A looming recession has already been heavily rumored in the past few months, and an economic analyst thinks that the rumors are true as the red flags that the 2008 global recession seen is once again waiving at a short distance. In fact, the United Kingdom is already in recession, he said. 

David Blanchflower, professor of economics at Dartmouth College in the US and member of the MPC from 2006 to 2009, suggested in an article he published in the Guardian, that the United Kingdom is already in recession. 

“Indicators that gave an early read to recession in 2008 are flashing red and suggest the UK is already in recession,” he wrote. “Early indicators of recession in 2008 were provided by a series of qualitative confidence surveys of business and consumers; they had all turned down sharply by spring 2008. These surveys have the benefit that they don’t get revised and are very timely. We already have data for August 2019 in some of the surveys, and they are all trending down.”

The talks about the recession have been stronger in the last few months as global events like Brexit faux-pas, and the US-China trade war has continued to put pressure on the global economy. 

Business behavior also suggests that companies are already preparing for the recession even if the economy is still relatively stable as of today. Only recently, a survey revealed that more than half of the Chief Financial Officers in different companies across the United States said that they worry about the looming economic turmoil. 

Duke University/CFO Global Business Outlook survey released on Wednesday that more than half (53%) of the financial executives they have surveyed said that they believed that the United States would fall into a recession in late 2020. Two-thirds of them think that the economy will have a downturn before the end of this year. 

Al Restar

Al Restar

An idealist straight from business school who works as a content marketer, digital branding consultant, and graphic designer. Outside work, he spends his time taking care of his cacti and painting watercolors.

Related Posts

Federal Reserve to Offer Loans to ‘Eligible’ Nonprofit Organization
Finance

Federal Reserve to Offer Loans to ‘Eligible’ Nonprofit Organization

June 16, 2020
199
Vroom Stocks Off to a Very Good Start in its First Day of Trading
Finance

Vroom Stocks Off to a Very Good Start in its First Day of Trading

June 9, 2020
126
Hertz Stocks Improve After Travel Shows Signs of Revival
Finance

Hertz Stocks Improve After Travel Shows Signs of Revival

June 9, 2020
145
Vroom Increased Price Listing Ahead IPO
Finance

Vroom Increased Price Listing Ahead IPO

June 9, 2020
162
Polls predicted Brazil’s GDP ‘most likely’ to hit an all-time low
Finance

Polls predicted Brazil’s GDP ‘most likely’ to hit an all-time low

May 26, 2020
128
Hertz Filed for Bankruptcy
Finance

Hertz Files for Bankruptcy Protection

May 23, 2020
120
Currently Playing

Subscribe To Our Newsletter

Ad

PublicWire | Emerging Market Stock News 24/7 | Investor Relations US Stock Market

© Copyright 2020 PublicWire.com

Navigate Site

  • About
  • #96576 (no title)
  • Disclaimer
  • Watch LIVE
  • Privacy Policy
  • Terms and Services
  • Contributors

Follow Us

No Result
View All Result
  • LIVE Investor News Channel
  • Cannabis
  • Energy
  • Finance
  • General
  • Medical
  • Podcasts
  • Retail
  • Technology
  • #370 (no title)

© Copyright 2020 PublicWire.com

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Public Wire Logo

Hello please subscribe to our newsletter to get up to date news weekly!

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.