This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Recent reports have shown consumer confidence falling, the housing market slowing, and the first contraction in business activity since 2020. The US stock market has sunk since the start of the year, and companies from social media giant Meta, the owner of Facebook and Instagram, to carmaker General Motors have said they plan to slow hiring. Some other firms, especially in the property sector, have announced job cuts.