Eurostat: Euro Zone’s Q4 sees muted growth
Euro zone economic growth remained stagnant in the final quarter of 2023 compared to the preceding quarter and saw…
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recession
Global PMI ends ’23 up, divergences persist
The Global PMI ended high in December to close the year on a brighter note, S&P Global wrote in a report on…
Germany GDP contracts for the second consecutive quarter
The Federal Statistical Office showed on Thursday that Germany’s GDP fell by 0.3 percent, marking the second…
U.S. unemployment claims rise
U.S. Labor Department reported on Thursday applications for unemployment benefits increased by 5,000 last week.
Bank of England unveils largest interest rate hike in 27 years
The Bank of England has on Thursday raised interest rates by 50 basis points, its largest single increase since…
EBRD: Egypt only economy likely to escape coronavirus-linked recession in 2020
Egypt is the only economy across all of the European Bank for Reconstruction and Development’s (EBRD) regions to…
Japan’s economy slips into recession for first time in more than four years – data
Japan’s economy slipped into recession for the first time in more than four years, Reuters reported, citing…
Capital Economics gloomily sees Egypt in worst recession since 1954 due to coronavirus
Egypt could be plunged this year into its worst economic recession since 1954 due to the novel coronavirus…
U.S. stocks slightly lower at opening as coronavirus response falls short
U.S. stocks dipped at opening on Thursday as a new round of sweeping emergency action from policymakers worldwide…
Global economy ‘far’ from recession despite trade tensions – IMF
Trade tensions are weighing on growth across the world, yet the International Monetary Fund is “far” from…
