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Global Markets Stabilize Amid Rising Recession Fears

5/12/2025

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Summary

Story summary

Global financial markets are finding their footing after the turmoil of early April, yet a cloud of uncertainty lingers. The US has revised its growth forecast for 2025 down to 1.4%, with recession risks climbing to 40%. Meanwhile, New Zealand's 2.7% growth outlook is threatened by investment delays and the ripple effects of a global slowdown.

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Story summary

Global financial markets are finding their footing after the turmoil of early April, yet a cloud of uncertainty lingers. The US has revised its growth forecast for 2025 down to 1.4%, with recession risks climbing to 40%. Meanwhile, New Zealand's 2.7% growth outlook is threatened by investment delays and the ripple effects of a global slowdown.