Recession or not growth is slowing

Shallow recession as inflation peaks

clock • 4 min read

When GDP numbers were released for the second quarter, they confirmed what we have known for some time. Economic growth is slowing.

Much of the focus has been on the semantics of whether we are in a recession or not, but that is not our primary focus. Regardless of the label, it is clear growth is decelerating, although it is against a backdrop of jobs numbers that remain resilient. Most recently, consumer and corporate spending, which have to date been viewed as economic strengths, have slowed too. Real incomes are also falling as pandemic stimulus wears off. These are significant shifts. We have arrived at a pivot point. Markets rapidly moved from wondering if and how the US Federal Reserve will respond to rein ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Markets

Market Movers Blog: NatWest stocks slide following potential government sale offer

Market Movers Blog: NatWest stocks slide following potential government sale offer

Latest news and analysis

Investment Week
clock 22 November 2023 • 1 min read
Natasha Brook-Walters (pictured), co-head of investment strategy at Wellington Management

How to weather the storm: a roadmap for more resilient portfolios

The world has entered a new era of elevated market and macroeconomic volatility, with significant divergence across regions, sectors and asset classes.

Natasha Brook-Walters
clock 26 October 2023 • 4 min read
'The BoE has an incredibly difficult job to do, and with next year likely to see a general election at the same time, they will not want to overcorrect and tip the balance of power one way or another.'

UK recession 'can still be avoided' as GDP grows 0.2% in Q2

Q1 figure revised up to 0.3%

Cristian Angeloni
clock 29 September 2023 • 2 min read