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    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

    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 hopes for a swift rebound. The revised forecast was approved by the cabinet on

    Japan’s economy shrinks at the fastest pace in six years

    17 Feb 2020

    Japan’s fourth quarter GDP shrinks much faster than expected and its economy shrank at the fastest pace in almost six years in the December quarter as a sales tax hike hit consumer and business spending,

    Japan braces for worst postwar slump as pandemic hits economy

    19 May 2020

    Japan’s economy slipped into recession for the first time in 4-1/2 years in the last quarter, putting the nation on course for its deepest postwar slump as the coronavirus crisis ravages businesses and consumers.

    UK economy shrinks by record 5.8% as coronavirus woes mount

    13 May 2020

    Britain’s economy shrank by a record 5.8% in March as the coronavirus crisis escalated and the government shut down much of the country, according to official data.

    Federal Reserve warns of a possible sustained recession from pandemic

    13 May 2020

    Powell warns of the threat of a prolonged recession resulting from the viral outbreak and urged Congress and the White House to act further to prevent long-lasting economic damage.

    Australia provides $11.8 billion wage subsidies for businesses

    21 Jul 2020

    Australia will spend A$16.8 billion ($11.8 billion) to extend its wage subsidies for businesses hit by the coronavirus pandemic, as a surge in new infections in the country’s southeast threatens to keep the economy in recession.

    France sinks deeper into recession as GDP falls 14 per cent in Q2

    31 Jul 2020

    France is faring worse than Germany, Europe’s largest economy, which on Thursday reported a 10.1% plunge in GDP during the April-June period as its exports and business investment collapsed.

    Spain wiping out six years of growth as recession enters deeper

    31 Jul 2020

    The contraction, triggered by one of Europe's strictest coronavirus lockdowns, was worse than the 16.6% expected by analysts. It came after a 5.2% drop in the first quarter, dragging Spain into its steepest recession ever, at a record pace.

    Australia’s jobless rate slips; New Zealand in recession

    17 Sep 2020

    Australia’s jobless rate unexpectedly slipped from a 22-year high in August as employment surged past expectations helped by part-time work, but the economic toll from the pandemic has hit young job seekers hard.

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