Source link Economic output is expected to decline again in the first quarter of the year, the country’s central bank warns The struggling German economy may shrink further in the first quarter of 2024, the country’s central bank warned in a monthly report published on Monday. According to the forecast, Germany’s external industrial demand is […]
Source link The British economy fell into recession in the final quarter of 2023, according to official figures released on Thursday. GDP dropped by 0.3% in the fourth quarter following a 0.1% decline in the previous quarter, the Office for National Statistics (ONS) has said. A technical recession is typically defined as two successive quarters […]
Source link The single-currency bloc suffered an economic contraction in the third quarter of 2023, according to the central bank The Eurozone probably failed to grow at the end of last year early indicators suggest, European Central Bank’s (ECB) Vice-President Luis de Guindos has stated. In comments at a conference in Madrid on Wednesday, de […]
Source link German industrial production dropped for the sixth straight month in November, likely indicating the country entered a recession in the final quarter of 2023, Bloomberg reported on Tuesday, citing data from Germany’s Federal Statistical Office. Production slid 0.7% from October, driven by a slowdown in output of capital goods and intermediate goods as […]
Source link Business activity in Europe’s 20-nation single currency bloc continued to contract at the end of 2023, as a downturn in the dominant services industry stretched into the final month of the year, data compiled by S&P Global has revealed. Flash Composite Purchasing Managers’ Index (PMI) for the bloc, a measure of manufacturing and […]
Source link Britain’s economy unexpectedly contracted in the third quarter of the year, raising the possibility that the country is already in a recession, the latest data shows. Third quarter GDP dropped 0.1% from the previous quarter after initial estimates suggested growth had been flat, according to a revised report by the Office for National […]
Source link The Russian economy is not expected to go into a recession next year, the head of the central bank, Elvira Nabiullina, announced on Friday. The country’s GDP is forecast to grow by around 2.7% this year, driven by strong domestic demand. For 2024, the central bank is projecting growth of 0.5% to 1.5%. […]
Source link The euro area’s economy has now registered two consecutive quarters of contraction, the outlet says The 20-nation euro currency bloc will slip into its first recession since the pandemic in the final months of the year, after recording two consecutive quarters of negative economic growth, a Bloomberg poll of analysts revealed on Monday. […]
Source link Central bankers’ continued fight to bring rampant inflation under control could plunge developed countries into recession next year, the Organization for Economic Co-operation and Development (OECD) has warned. According to its global outlook, issued earlier this week, the tightening of monetary policy since early 2022 is slowing domestic demand growth, while interest rates […]
Source link The Japanese economy slipped into a contraction in the period from July to September, ending two straight quarters of growth, according to government data released on Wednesday. Gross domestic product (GDP) in the world’s third-largest economy contracted 2.1% in the third quarter in a much sharper decline than a median market projection for […]