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This is why German economy is buffeted by ‘perfect storm’

22 Feb 2024

Florian Cazeres, Agence France-Presse Weaker exports, costly energy and a stuttering green transition have combined to form a “perfect storm” for the German economy, leaving Chancellor Olaf Scholz’s coalition...

German economy in stormy waters as government slashes forecast

21 Feb 2024

The German government expects the economy to grow 0.2% this year, far less than a previously forecast 1.3%, as weak global demand, geopolitical uncertainty and persistently high inflation dent...

Germany in technical recession, says Bundesbank

19 Feb 2024

The German economy stood unruffled even as the rest of European countries were buffeted by market turbulence of some kind or another. But it seems that even Germany cannot...

UK retail sales up, suggesting recession will be short-lived

16 Feb 2024

British retail sales rose by a stronger-than-expected 3.4% in January, according to official figures that showed signs of strength among consumers a day after data confirmed the country’s economy entered...

Eurozone October PMI at 3-year low, stirring recession worries

24 Oct 2023

Eurozone business activity took a surprise turn for the worse this month as demand fell in a broad-based downturn across the region, a survey showed, entering the fourth quarter on...

Recession in US a receding phenomenon

16 Aug 2023

With the US Federal Reserve continuously upping the interest rate for the past year and more to fight inflation, it was feared that the higher interest rates will have the...

Oil rallies as recession fears begin to fade

08 May 2023

Oil prices rose over 2% on Monday as US recession fears eased and some traders saw crude’s three-week slide on demand worries as overdone. Brent crude was up $1.57, or...

US growth cools in Q1 as recession fears deepen

27 Apr 2023

US economic growth lost steam in the first quarter as gloomier business investment countered a rise in consumer spending, the Commerce Department said on Thursday, while the possibility of a...

UK economy avoids recession after growing in fourth quarter

31 Mar 2023

Britain’s economy grew in the fourth quarter of last year, official data showed on Friday, with a jump of business at travel agents and state support for soaring energy bills...

Sweden could face recession amid housing woes

15 Mar 2023

For years, Sweden has been warned that its dysfunctional housing market, plagued by under-supply and kept aloft by low rates and generous tax benefits, was a risk to the wider...

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