Outlook grim for global recession, countries still in pandemic to bear maximum brunt: Leaders at WEF

Davos, May 24 (PTI) War in Ukraine, China's strict COVID-19 measures and a host of other factors have combined to drive up inflation and raise the spectre of food insecurity,…

Hungary PM Orban warns of “era of recession” in Europe

By Krisztina Than and Gergely Szakacs BUDAPEST (Reuters) - Hungarian Prime Minister Viktor Orban on Monday raised the spectre of an "era of recession" in Europe as the continent grapples…

Russia headed for recession, closed economy despite rouble rebound, U.S. says

By David Lawder and Andrea Shalal WASHINGTON (Reuters) -Punishing sanctions imposed by the United States and its allies on Moscow for invading Ukraine are pushing Russia into recession and starting…