GDP contraction News

Janet Yellen Warns: Trump's Trade Levies Could Push US Economy Towards Recession

Former US Treasury Secretary Janet Yellen warns that President Trump's trade levies could severely impact American economic growth, potentially leading to a recession. Highlighting...

U.S. Economy Faces First Contraction in Three Years: Trump's Tariff Policy Blamed

The U.S. economy contracted for the first time in three years in Q1, attributed to Trump's tariff policies, with a record trade deficit and cooling labor market raising recession f...

South Korea's Economy Faces a Setback: Q1 GDP Contracts by 0.2%, Signaling Tough Times Ahead

South Korea's economy contracted by 0.2% in Q1, marking the first decline since last year. The downturn, driven by reduced domestic demand and exports, raises concerns over the cou...

UK Economy Contracts in October, Reeves Promises Long-Term Growth

British Chancellor Rachel Reeves admits the October GDP report shows a 0.1% contraction but promises long-term growth through public finance stabilization, low tax rates, and inves...