The IMF has said global economic growth is on track to increase somewhat more than expected. However, overall growth in 2023 remains stunted in advanced economies, and Germany’s growth is expected to contract. The International Monetary...
The European Commission has revised its economic forecasts upwards slightly, predicting growth of almost 1% in the bloc for 2023. Inflation is expected to slow but remain high, a little more so outside the eurozone....
The signs of a global economic downturn can be observed in historically high inflation in many global markets, fueling recessionary fears. The Russo-Ukrainian war and aggressive interest rate hikes to curtail inflation have resulted in...
Experts are constantly warning that countries such as the United States and the United Kingdom may face a recession amid the global recession. Meanwhile, the Indian rupee continued to depreciate due to the slowdown in...
The German government and leading economists say that Germany is heading toward a recession. What constitutes a downturn and what does that entail? Germany’s economy is facing extremely testing times. First, the coronavrius pandemic took a...
The poor eurozone PMI underscores likely recession and weighs on the single currency, which was sold to a new 20-year low. Rather than a “Turn Around Tuesday” a broadly consolidative session is unfolding. Asian and...
The International Monetary Fund (IMF) has cut its global growth forecast to 3.2% amid high inflation and the war in Ukraine, and warned the world could be “teetering on the edge of global recession.” In...
New Zealand posted a 12.2% second quarter fall in its GDP as the country entered a coronavirus-induced recession. It is the largest fall since comparable records began. New Zealand on Wednesday entered recession with a...
The members of the G20 are: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, United Kingdom, United States, and the European Union....
-As sure as the spring will follow the winter, prosperity and economic growth will follow recession. Right now, we are collectively facing a global recession. The situation started last year when the complicated American Repo...
Just two weeks into this crisis some are actually calculating how many deaths society can accept to salvage the economy. For DW’s Henrik Böhme, this is unacceptable. It’s a question to which there is no...
The Census Bureau announced today that total business sales in January did what they’d been doing relentlessly for the past one-and-a-half years: they fell! This time by 1.1% from a year ago, to $1.296 trillion,...
