In April, the International Monetary Fund (IMF) lowered its global economic growth forecast from 3.3% to 2.8% for 2025. It also lowered its growth forecast for 2026 from 3.3% to 3%. The global banking ...

Global companies are raising alarms over a potential “recession” in the US and worldwide following US President Donald Trump’s sweeping tariff measures. Some of the new levies took effect on Saturday, ...

Elon Musk's AI chatbot, Grok, has warned that President Donald Trump's recent tariffs could lead to a global recession. As the stock market suffers its fourth consecutive losing session on Tuesday, a ...

The economic outlook has become increasingly fragile as the first half of 2025 unfolds. President Trump’s sweeping tariffs on U.S. imports have added a hefty dose of risk to an already volatile ...

April 7 (Reuters) - Most stock markets in the Gulf ended lower on Monday, as equities across the world tanked on fears of a global recession caused by U.S. President Donald Trump's sweeping tariffs ...

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.