Future of work newsletter free subscription Future of work newsletter free subscription Future of work newsletter free subscription
  • Marketplace
  • Resources
  • Business Directory
  • Events
  • Advertise
  • Brand Pulse
  • Publish a Press Release
  • Get the Newsletter
  • Contact
  • About Us
The FUTURE OF WORK® since 2003
Allwork.Space
No Result
View All Result
Subscribe
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
No Result
View All Result
Subscribe
Allwork.Space
No Result
View All Result
Advertisements
Nexudus - Tech Stack Lovers
Home News Business

Economist Survey Shows Probability Of Recession Is Approaching 50%

Some economists believe that interest rate hikes could be the straw that breaks the camel’s back.

Aayat AlibyAayat Ali
July 15, 2022
in Business, Uncategorized
Reading Time: 2 mins read
A A

More stories for you

FedEx Slashes Jobs And Facilities As Part Of $2 Billion Restructuring Plan

FedEx Slashes Jobs And Facilities As Part Of $2 Billion Restructuring Plan

13 hours ago
Tech Giants Spend Over $1 Billion To Buy Back Into The U.S. Office Market

Tech Giants Spend Over $1 Billion To Buy Back Into The U.S. Office Market

13 hours ago
The U.K. Just Proved Gender Equality Is A Win For All Workers

The U.K. Just Proved Gender Equality Is A Win For All Workers

3 days ago
Trump’s “Big Beautiful Bill” Just Changed the Rules on Tipped and Overtime Pay — Here’s What Workers And Employers Need To Know

Trump’s “Big Beautiful Bill” Just Changed the Rules on Tipped and Overtime Pay — Here’s What Workers And Employers Need To Know

5 days ago

Economists are increasingly confident about the likelihood of a recession in the next 12 months according to a new Bloomberg survey.   

The monthly survey conducted over the past week shows that the probability of an economic downturn rose to 47.5% from the 30% odds seen in June. 

Advertisements
Disaster Avoidance Experts

The Federal Reserve has conducted interest hikes in an effort to taper down skyrocketing inflation, but some experts believe that this could be the straw that breaks the camel’s back. 

“[The Fed] has made it clear it is prepared to sacrifice growth as it desperately tries to get a grip on inflation via higher interest rates,” said James Knightley, chief international economist at ING. 

Advertisements
Workspaces Run Better On UltraSoftBIS

“In this environment, we see the clear risks of retrenchment in consumer spending while falling corporate profitability means businesses start to hunker down.” 

According to the survey, economists have lowered their predictions for growth during the second quarter from 3% to 0.8% seen in last month’s survey. 

Additionally, gross domestic product for 2022 is averaging 2.1% compared to last month’s forecast of 2.6%. 

The Fed’s key inflation metric is the personal consumption expenditures (PCE) price index which “reflects changes in the prices of goods and services purchased by consumers in the United States,” according to the Bureau of Economic Analysis.    

Advertisements
Nexudus - Tech Stack Lovers

Now, forecasts for this benchmark have been raised for each quarter this year, with experts noting that the PCE price gauge is averaging 6.3% during this quarter – 0.3% higher than last month’s predictions.   

Advertisements
Subscribe to the Future of Work Newsletter
Tags: Business
Share10Tweet6Share2
Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces.

Other Stories Recommended For You

FedEx Slashes Jobs And Facilities As Part Of $2 Billion Restructuring Plan
News

FedEx Slashes Jobs And Facilities As Part Of $2 Billion Restructuring Plan

byAllwork.Space News Team
13 hours ago

FedEx is moving forward with significant job reductions and facility closures in the U.S. as part of a multiyear effort...

Read more
Tech Giants Spend Over $1 Billion To Buy Back Into The U.S. Office Market

Tech Giants Spend Over $1 Billion To Buy Back Into The U.S. Office Market

13 hours ago
The U.K. Just Proved Gender Equality Is A Win For All Workers

The U.K. Just Proved Gender Equality Is A Win For All Workers

3 days ago
Trump’s “Big Beautiful Bill” Just Changed the Rules on Tipped and Overtime Pay — Here’s What Workers And Employers Need To Know

Trump’s “Big Beautiful Bill” Just Changed the Rules on Tipped and Overtime Pay — Here’s What Workers And Employers Need To Know

5 days ago
Advertisements
Maximize Flexible Space Revenue
Advertisements
Nexudus - Tech Stack Lovers

Unlock your competitive edge in tomorrow's workplace.

Join a community of forward-thinking professionals who get exclusive access to the latest news, trends, and innovations that are shaping the future of work.

©2024 Allwork.Space News Corporation. All Rights Reserved.

Exploring the Future Of Work® since 2003.

Advertise   Newsletters   Privacy Policy   Terms Of Use   About Us   Contact   Submit a Press Release   Brand Pulse   Podcast   Events   

No Result
View All Result
  • Home
  • Latest News
  • Topics
    • Business
    • Leadership
    • Work-life
    • Workforce
    • Career Growth
    • Design
    • Tech
    • Coworking
    • Marketing
    • CRE
  • Podcast
  • Events
  • About Us
  • Solutions
    • Advertise | Media Kit
    • Publish a Press Release
    • Brand Pulse
Subscribe

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00