A global recession is on the horizon - please read OP for mod warning

If you read the article beyond the headline it looks more like they're removing 100 jobs from a certain function, while hiring for 158 jobs in other functions (and some of the 100 are already being moved to those vacancies rather than actually being laid off)

And this is the problem - 100 layoffs grabs the headlines while 200 hires rarely warrant a mention. The employment rate currently stands at all time highs and there are no job shortages at all while the news articles people seek out and share suggest the opposite of reality.

Sentiment and consumer confidence is everything of course and if enough people believe things are going worse than they actually are, that belief can turn into reality.

really so calling me clueless is engaging, your not engaging as you don't have a fiddlers what your talking about

Ah now, we're all clueless really.

@fliball123 "The profits are way down in almost every big tech company"

Sure out of our top 10 contributors to corporate tax, only 2 recorded a slight fall in profits in 2022.

There is alot of building going on in the Pharma and med device companies at present here, big expansions in alot of the well known companies. I know they are doing well and all that but maybe they are pumping there money into expansion so they can pay less in corporation tax. I know a 100 million euro expansion is peanuts to these large companies. But still all this building they are doing would make you wonder particularly when they can't get staff to fill the vacancies they have already, where are they going to get people to fill these other roles after expansions are finished.

UK grocery inflation hits all time high. Hopefully nothing happens to set off energy or fuel prices again.

Groceries prices will go through the roof if the government remove the excise reduction.

It is food inflation Elm and believe it or not is not that bad compared to some.

Continued inflation falls for Ireland & Portugal. Back up slightly in France and Spain.

Ye started this and then got all precious when I retorted with fact that blew your argument out of the water, its a sure sign when the post just plays the man and not the fact that was in the post. I wont be engaging with you again as I might upset your gentle nature

So Ireland has more or less pulled the EU into growth due to our MNCs and corpo tax. The powers that be must be praying for some relief with regards to the big tech companies shedding jobs and get the profit margins back up. I cant anywhere near 20 Billion coming in for 2023. Any figures on GNP?

I sense an air of disappointment sweeping over the thread.

I knew I'd see this one here as well.

They haven't "shrugged it off", the rise is relative to the drop last year. Prior to the war last year, Russia was on par for a 3% or 4% rise, instead they've dropped (by up to) 6%. Almost a 10% aggregate drop due to sanctions and the war.

For reference they fell 7.8% during the financial crisis.

Obviously many expected or hoped it would be even worse, but hey, when someone has unlimited capital controls and massive nat resources, even with the GDP the size of Italy, they can recover from a near 10% drop. Let's see how they are doing in a couple of years.

Did you actually bother to read what i said.

Germany was supposed to release it's inflation figures on Wednesday. Unfortunately they will only be able to give an estimate before the ECB's decision on interest rates. Must of lost the calculator or something.

You think Russia will be better off than the EU? Do you realise how much more prosperous the EU is than Russia? Christ

People go on about this GDP being the size of Spain and being easy to ruin it's economy was just wrong.

Firstly Spain is in debt up to it's eyeballs Russia is 14% debt to GDP and who knows how much they have tucked away over the years in diamonds and gold. You can guarantee they won't advertise it.

Hypothetically lets imagine the roles were reversed.

Spain gets sanctioned by the West

All air routes closed. No tourism sorry

OIL & gas supplies halted

Sea freight cancelled in and out

Road freight closed in and out

No access to Swift and banks shut off

300 billion frozen

How long do they last and what would be it's GDP in a months time ? They could not last a fortnight, now do it with any other European country the same.