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Mail & Guardian
global recessionlatest news & developments
(Saeed Khan/Getty Images)

New Zealand PM Jacinda Ardern announces shock resignation

At her peak she was a domestic force, but her government has been steadily sliding in the polls over the last year

Building wealth: UK Prime Minister Liz Truss and chancellor of the exchequer Kwasi Kwarteng, who announced unfunded tax
cuts of £45-billion for the rich. Photo: Dylan Martinez/Getty

Rate hikes are the wrong medicine

The government should rather consider a targeted approach to reducing inflation

Slow-moving vehicles line the streets as traffic lights stand without power during a load-shedding power outage period in Pretoria.  (Waldo Swiegers/Bloomberg via Getty Images)

Editorial: South Africa’s inertia on finding solution to Eskom will bite even more

Solving our electricity crisis is set to become more difficult as the world now faces power shortages. We aren’t the only game in town

A deep downturn is unlikely, analysts say. But, if it does happen, another recession will be even more difficult to recover from.

South Africa on weak footing amid global recession fears

A deep downturn is unlikely, analysts say. But, if it does happen, another recession will be even more difficult to recover from

Since shops shut on March 26, the South African economy has taken a huge knock.(Delwyn Verasamy/M&G)

Macroeconomic policy options beyond Covid-19 depression

Measures need to lay the foundations of a new economy and society post the pandemic

Social protection policies can help to combat Covid-19, and mitigate its effects

The global pandemic has highlighted the importance of national health insurance, mandatory sick leave and unemployment benefits

HSBC added: “In the near term, the nature and impact of the UK’s departure from the European Union remain highly uncertain.”(Pierre Albouy/Reuters)

HSBC boss in shock exit as bank warns of ‘challenging’ times

Monday’s surprise news came shortly before HSBC reported first-half net profit up 18.6% at $8.5-billion from a year earlier.

Blurry outlook: Unless we reach a stage in which business profits serve a purpose, the likelihood of more socioeconomic shocks will remain high. (Toru Hanai/Reuters)

What 10 years post-2008 tell us

Global growth has been surprisingly strong, but the surge in buybacks is limiting expenditure and could cause more political turmoil

During the Ebola crisis

Africa’s lessons from the global economic crisis

The continent needs to future-proof itself by crafting a new, inclusive socioeconomic system.

Mark Carney’s Financial Stability Board wants banks to hold more capital to cushion themselves in a crisis.

2008 all over again and the banks’ fail-safe will be you

Banks issued bail-in bonds hoping pension funds would buy them, but hedge funds, private banks and retail investors have snapped them up.

Woolworths rides out the recession in style

Cushioned by the loyalty of its customer base at the top end of the market, the retailer is eyeing new horizons.

Our next financial crisis – due in 2015

Financial crises come round every seven years or so – if history is a guide, the next crisis should come along some time soon.

One in three workers live in poverty

World needs to create almost 600-million jobs in order to tackle unemployment caused by recession.

Global slump may retard Africa’s growth

As the economic clouds darken over Europe and the United States, there are concerns a double-dip recession in the West could cast a shadow over Africa

Can SA producers hope for rescue from Gordhan?

SA’s manufacturing sector has been the hardest hit by the global slowdown, but there is hope Pravin Gordhan will announce measures to support it.

Who will pass the sustainability test?

The social, financial and environmental impact of companies is coming under the spotlight.

US unleashes $400bn to save economy

The United States central bank has unleashed a radical $400-billion plan to prevent the world’s largest economy sliding back into recession.

US recession fears wrecks world markets

Wall Street braced for losses on Tuesday after world stock markets took a beating over fears that the US economy was heading back into recession.

According to Mariette Liefferink

Gordhan searches for a better plan

Pravin Gordhan needs SA’s economy grow at a rate of around 7% per annum in order to create jobs and keep the country globally competitive.

New leaders will secure debt deal

Pressure eases off eurozone debt fears

Financial market pressure on the euro zone eased a little this week as Italy’s borrowing costs fell and bank shares stabilised.