Recession incoming: Over 100,000 layoffs announced in 2024

An economic recession could finally be brewing worldwide, as suggested by over 100,000 layoffs in 2024. January’s year-over-year (YoY) inflation rate exceeded expectations at 3.1%, as reported on February 13, worsening the scenario.Interestingly, the data on layoffs diverges from a seemingly strong labor market, according to data from the United States government. Meanwhile, the YoY Consumer Price Index (CPI) leaves investors skeptical about a possible improvement in the near future.On February 2, the Nonfa ...