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                                        <title>Recession | MalaysiaNow</title>
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                                        <description>News, views and insights into Malaysian current affairs.</description>
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                                <title><![CDATA[ UN predicts world economic growth to slow in 2023, pick up in 2024 ]]></title>
                                <link>https://www.malaysianow.com/out-there-now/2023/01/26/un-predicts-world-economic-growth-to-slow-in-2023-pick-up-in-2024</link>
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                                <dc:creator><![CDATA[ Reuters ]]></dc:creator>
                                <pubDate>Thu, 26 Jan 2023 00:50:00 GMT</pubDate>
                                <description><![CDATA[ The World Economic Situation and Prospects report says this would mark one of the lowest growth rates in recent decades. ]]></description>
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                                <title><![CDATA[ US labour market still tight, housing mired in recession ]]></title>
                                <link>https://www.malaysianow.com/out-there-now/2023/01/20/us-labour-market-still-tight-housing-mired-in-recession</link>
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                                <dc:creator><![CDATA[ Reuters ]]></dc:creator>
                                <pubDate>Fri, 20 Jan 2023 00:56:00 GMT</pubDate>
                                <description><![CDATA[ The number of new claims filed for unemployment benefits unexpectedly fell, pointing to solid job growth and continued labour market tightness despite efforts by the Federal Reserve to cool demand for workers. ]]></description>
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                                <title><![CDATA[ Big US banks report mixed earnings and gird for 'mild recession' ]]></title>
                                <link>https://www.malaysianow.com/out-there-now/2023/01/14/big-us-banks-report-mixed-earnings-and-gird-for-mild-recession</link>
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                                <dc:creator><![CDATA[ AFP ]]></dc:creator>
                                <pubDate>Sat, 14 Jan 2023 00:56:00 GMT</pubDate>
                                <description><![CDATA[ Bank shares initially tumbled on the reports, but reversed course in the middle of the session. ]]></description>
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                                <title><![CDATA[ Full brunt of financial tightening yet to materialise, says IMF ]]></title>
                                <link>https://www.malaysianow.com/out-there-now/2023/01/13/full-brunt-of-financial-tightening-yet-to-materialise-says-imf</link>
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                                <dc:creator><![CDATA[ AFP ]]></dc:creator>
                                <pubDate>Fri, 13 Jan 2023 01:45:00 GMT</pubDate>
                                <description><![CDATA[ Global growth is expected to slow further this year, as central banks including the US Federal Reserve have raised interest rates to cool surging prices. ]]></description>
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                                <title><![CDATA[ Global economy faces tougher year in 2023, IMF warns ]]></title>
                                <link>https://www.malaysianow.com/out-there-now/2023/01/02/global-economy-faces-tougher-year-in-2023-imf-warns</link>
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                                <dc:creator><![CDATA[ Reuters ]]></dc:creator>
                                <pubDate>Mon, 02 Jan 2023 00:51:00 GMT</pubDate>
                                <description><![CDATA[ Kristalina Georgieva says the three big economies – the US, EU and China – are 'all slowing down simultaneously'. ]]></description>
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                                <title><![CDATA[ European airports see cautious passenger recovery with 2023 uncertain ]]></title>
                                <link>https://www.malaysianow.com/out-there-now/2022/12/24/european-airports-see-cautious-passenger-recovery-with-2023-uncertain</link>
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                                <dc:creator><![CDATA[ Reuters ]]></dc:creator>
                                <pubDate>Sat, 24 Dec 2022 00:15:00 GMT</pubDate>
                                <description><![CDATA[ The announcement heralds a cautious outlook with 'more negatives than positives' as Europe fears a looming recession and continues to grapple with double-digit inflation as well as the fallout from the war in Ukraine. ]]></description>
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                                <title><![CDATA[ Recession in US 'not inevitable', says treasury secretary Yellen ]]></title>
                                <link>https://www.malaysianow.com/out-there-now/2022/12/09/recession-in-us-not-inevitable-says-treasury-secretary-yellen</link>
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                                <dc:creator><![CDATA[ AFP ]]></dc:creator>
                                <pubDate>Fri, 09 Dec 2022 00:30:00 GMT</pubDate>
                                <description><![CDATA[ However, she believes the world's biggest economy is on the right track in lowering inflation. ]]></description>
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                                <title><![CDATA[ As recession looms, British business sends out lending SOS ]]></title>
                                <link>https://www.malaysianow.com/out-there-now/2022/11/17/as-recession-looms-british-business-sends-out-lending-sos</link>
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                                <dc:creator><![CDATA[ Reuters ]]></dc:creator>
                                <pubDate>Thu, 17 Nov 2022 06:20:00 GMT</pubDate>
                                <description><![CDATA[ Banks are increasingly nervous about extending credit to small companies, as rising costs of debt, labour and raw materials put the business case of lending to such companies under unprecedented strain. ]]></description>
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                                <title><![CDATA[ Russia falls into recession ]]></title>
                                <link>https://www.malaysianow.com/out-there-now/2022/11/17/russia-falls-into-recession</link>
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                                <dc:creator><![CDATA[ AFP ]]></dc:creator>
                                <pubDate>Thu, 17 Nov 2022 00:35:00 GMT</pubDate>
                                <description><![CDATA[ Yet the Russian economy has so far survived Western sanctions better than many economists expected. ]]></description>
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                                <title><![CDATA[ UK economy shrinks at start of feared long recession ]]></title>
                                <link>https://www.malaysianow.com/out-there-now/2022/11/11/uk-economy-shrinks-at-start-of-feared-long-recession</link>
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                                <dc:creator><![CDATA[ Reuters ]]></dc:creator>
                                <pubDate>Fri, 11 Nov 2022 08:58:00 GMT</pubDate>
                                <description><![CDATA[ Britain's economy is now further below its pre-pandemic size - it is the only Group of Seven economy yet to recover fully from the Covid slump - and is smaller than it was three years ago on a calendar-quarter basis. ]]></description>
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