US stocks ended in the red on Friday, falling to two-month lows as a warning of an impending global slowdown from FedEx hastened investors' flight to safety at the conclusion of a tumultuous week.

The UK pound has reached a record 37-year low against the dollar, raising speculations as to whether the British economy is already in recession.

A European think tank warns that Germany will fall into recession next year, as Europe’s biggest economy faces skyrocketing inflation.

Britain's economy grew by less than expected in July, raising the risk that it is already in a recession.

The European Union is bracing for a recession in the wake of skyrocketing gas prices and soaring inflation, as the coming winter is likely to be "one of the worst in history," according to a top EU official.

The outlook for economic growth remains generally weak for the next year in the United States, Fed report shows.

Russia's energy giant Gazprom has suspended gas deliveries to Europe through the Nord Stream 1 pipeline, raising fears of a recession and energy rationing in one of the continent's richest countries this winter.

A leading US-based investment banking company has warned of a huge recession looming over Britain as a result of surging inflation and worsening cost-of-living crisis that has hit Britons hard in recent months.

The economic crisis in the Eurozone may only be getting started, with data showing a slowdown of recession-level proportions.

Since taking power, Scholz has had to deal with the war in Ukraine, an energy crisis, soaring inflation and now drought - all pushing Europe's largest economy to the brink of a recession.