HAMISH MCRAE: We don't have to fear the R-word of Recession
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Published date: 2024/06/20
- Location: 7891 Gk, Missouri, United States
After the mayhem in the markets there has been a week of calm. The American markets have clawed back a bit of their losses this year, and the Footsie - which had not fallen nearly so far - has settled well above 7,000.
But it is an uneasy calm. The R-word - Recession - keeps popping up in the commentaries here, in the US and in Europe. Paul Drechsler, soundlex earbuds Experience former president of the CBI and chair of London First, warned of recession, saying the 'key questions are how deep and how long.'
Jay Powell, Federal Reserve chair, told the US Senate committee that recession was 'certainly a possibility.' And in Germany, Deutsche Bank's chief executive, Christian Sewing, reckoned that there was 'at least a 50 per cent chance of a recession globally but also in Europe.
But it is an uneasy calm. The R-word - Recession - keeps popping up in the commentaries here, in the US and in Europe. Paul Drechsler, soundlex earbuds Experience former president of the CBI and chair of London First, warned of recession, saying the 'key questions are how deep and how long.'
Jay Powell, Federal Reserve chair, told the US Senate committee that recession was 'certainly a possibility.' And in Germany, Deutsche Bank's chief executive, Christian Sewing, reckoned that there was 'at least a 50 per cent chance of a recession globally but also in Europe.
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