Australia’s recession deepens despite growth
Australia’s economy experienced a slowdown in the last quarter of the previous year, with a deepening per capita…
Browsing Tag
recession
UK’s slips into tech recession in Q4 ’23,
UK’s economy experienced a recession in the second half of 2023, presenting a formidable challenge for Prime…
Japan slips into recession
Japan unexpectedly fell into a recession at the end of 2023, losing its position as the world's third-largest…
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…
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…