How another recession could affect Hollywood:
Trade-war fears, stock market volatility and, most recently, bond market signals that point to a pending recession are rattling investors, igniting concerns that another devastating downturn may be just around the corner.
Back then, recession-era TV networks found themselves scrapping for ad dollars from sponsors who were quickly becoming less confident in the abilities of consumers to spend. Were a new downturn to come to pass, “you would tend to see a general worsening of trends,” says Brian Wieser, global president of business intelligence at GroupM, the large media-buying unit of WPP.
Of course, the impact of a recession is hardly ever just financial. The fear and anxiety that such an economic earthquake provokes can infect everything from the source of people’s livelihoods to, say, the going rate of Botox injections.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump Says a Recession Isn’t Possible Because Everyone Is RichThe president and his economic team went into damage control on Sunday after a week of reports that economic downturn could be on the horizon
Read more »
Kellyanne Conway invokes 'Sesame Street' to ridicule the media over recession fearsThe president, who campaigned on his ability to improve the economy and has sought to take credit for the economic successes, is positioning himself to avoid blame for any possible downturn.
Read more »
Europe has a 70% chance of falling into recession, top economist warnsAllianz's chief economic adviser, Mohamed El-Erian, pointed to Brexit and a shrinking German economy as key drivers of a downturn.
Read more »
Economist: There’s 'no clear indication' of recession for U.S.Ali Velshi talks with Yale University economics professor and Nobel economics prize winner Robert Shiller about whether there is anything to growing fears that an economic downturn may be on the horizon.
Read more »
UK factory slump eases a little in August: CBIThe downturn in British manufacturing eased off a little in August, although the...
Read more »
Things Can Get Worse for Japan’s Struggling Regional BanksUltralow interest rates are making it a miserable year for Japanese banks, with many stocks hitting historic lows. The bad news is that things can still get worse.
Read more »