More than 90% of small-business owners are worried about experiencing an economic recession over the next 12 months, according to a June 2022 Goldman Sachs survey. Because lenders tend to tighten their lending standards during recessions, small-business owners may be looking for ways to secure funds before access to credit is possibly reduced. One option …
Chip sales are set to cool more than previously expected as the international economy struggles under the weight of rapid interest-rate increases and rising geopolitical risks, fueling fears of a global recession. World Semiconductor Trade Statistics, a non-profit body that tracks shipments, lowered its market outlook to 13.9% growth this year from a previous 16.3%. …
Even in an industry famous for its roller-coaster cycles, chipmakers are bracing for a particularly severe shift in coming months, when a record-setting sales surge is threatening to give way to the worst decline in a decade or more. The semiconductor market enjoyed a massive run-up in orders during the pandemic, sending sales and stock …
Central bankers in China and Turkey bucked a global trend of raising interest rates, with officials easing policy amid signs of an economic slowdown in those countries. China is battling a worsening property downturn as well as sluggish retail sales and rising youth unemployment. In Turkey, where inflation is running at the fastest pace in …
The benchmark Nifty50 logged gains on all four days of the truncated week to cap its seventh weekly advance in eight weeks. In the past two months, the 50-share index has rallied nearly 16 per cent, shrugging off concerns around a global recession and unwinding of post- pandemic stimulus measures. Sustained …