Hungarian prime minister Viktor Orban has raised alarm over an “era of recession” in Europe as the continent grapples with the energy crisis and soaring inflation amid the raging war in Ukraine.

Britain's economy is teetering on the brink of recession amid soaring inflation, a leading statistical body warns.

Here are Press TV's latest top stories at 1600 GMT, May 12 2022.

Deutsche Bank has predicted that the US economy will face a major recession.

The indices are drawn from questions asked from ordinary Americans about their income expectations, employment conditions and what they expect for the US economy in the near future

US Senate Republican Leader Mitch McConnell has warned Biden that Republicans won't help raise the debt ceiling later this year.

Here is the latest top stories from Press TV on May 28, 2021.

The COVID-19 pandemic has devastated the livelihood of millions in India who are bearing the brunt of the lockdowns and sluggish economy with the country plunging in a deep recession due to epidemic.

Iran’s top banker says the economy is now definitely out of recession after two quarters of growth.

Millions of people in South Asia are being pushed into extreme poverty due to the devastating impact of the coronavirus pandemic, the World Bank says.