Finance & economics | Marching on

A global recession is not in prospect

That will be a relief to investors everywhere

Shoppers and visitors out on Oxford Street pass Uniqlo on 30th June 2024 in London
Pounds in their pocketsPhotograph: Getty Images
|San Francisco

A weak jobs report in America has raised fears that the world’s largest economy is heading for recession. America’s stockmarkets have tumbled, with fear spreading to other countries. Japan’s Topix index is 15% off its recent high; Germany’s main index is down by 7%. When America sneezes, everywhere catches a cold.

This article appeared in the Finance & economics section of the print edition under the headline “Take a deep breath”

From the August 10th 2024 edition

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