A challenging economic environment requires investors to recalibrate their approach
recession
economic growth
US economy ends 2022 with momentum despite recession fears
The US economy expanded 2.9% in Q4: slightly higher than economists’ forecasts
Covid-19 pandemic
Microsoft to lay-off thousands of employees today: Reports
Reports state that Microsoft is looking to reduce its workforce by 5%, potentially leading to thousands of job losses
cyber threats
2023 to be costliest, most destructive year for cybersecurity as recession fears force firms to cut budgets
Ransomware gangs targeting supply chain firms for mounting focused attacks to extract optimum rewards and new strains such as fileless malwares not requiring downloads will be among the potent cybercrime trends in the coming year
career cushioning
UAE employees are ‘career cushioning’ as fear of recession, inflation, termination looms
Career cushioning often involves the metaphorical action of ‘cushioning’ oneself from the pain of unexpected job loss
c-suite executives
Top European and Russian bosses take up jobs in GCC as recession, war, bites
Alongside, Middle East-based renewable and energy sectors are also attracting leadership level talents from the West in numbers, with the ongoing COP27 in Egypt and next year’s COP28 in Abu Dhabi acting as catalysts
c-suite executives
UAE CEOs most optimistic in the world, study reveals
86% of global CEOs expect an imminent economic downturn while 60% of UAE CEOs expect earnings to increase
Cryptocurrency
Will the Middle East be shielded from economic recession in the West?
There’s a huge amount of speculation floating around regarding the economic crisis – particularly in the US and Europe. While it might well roll across those parts of the world, are we likely to see it darken the shores of the Middle East?
Central Bank
Inflation, Central Banks, and why it matters
Inflation is the key reason behind a dismal year for investments. Despite regional nuances, the issue is truly global and may not find a quick solution. Volatility should prevail for the coming months
economic outlook
Global economy to lose $4trillion says IMF chief
Market uncertainty and recession fears key to a gloomy outlook from International Monetary Fund leader, Kristalina Georgieva
London
UK economy to enter recession in fourth quarter: Goldman Sachs
The UK’s gross domestic product is expected to fall by around 1 percent through mid-2023, Goldman said in a research note Monday
consumer price index
Surging inflation rate in US sparks fear of recession
The 9.1 percent increase was the highest in almost 40 years, prompting fears that rates will be hiked by almost 1 percent; Biden says data is “out of date”
economic outlook
IMF chief warns of ‘increased risk of recession’ in 2023, as the lender looks to cut global growth forecast again
She highlighted three actions that could be done to navigate a “sea of troubles,” including bringing down inflation, fiscal policy reforms, and an impetus for global cooperation led by G20
economic crisis
How to prepare for the next macroeconomic slowdown
2022 has been difficult for markets: rate volatility, losses in government bonds and high-quality credit. What’s next? Ariel Bezalel and Harry Richards share their views
inflation
2022 forecast: Why UAE companies should prepare for rising inflation
Senior Mashreq exec says inflation is a natural follow-up to any contraction, such as the one caused by the pandemic