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Recession

Economy

Japan's exports fall as Trump's tariffs fuel recession risks

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Economy

Turkey falls into recession as interest rates remain sky-high

Analysts believe rate cuts will begin early next year as high borrowing costs stifle investment and production.

Economy

Hungary unexpectedly dips into recession for second time in two years

Hungarian gross domestic product (GDP) turned negative for the second quarter in a row.

Economy

More job cuts on the way as German economy struggles to recover

After the news that Europe's largest car producer VW may close two plants, experts are sounding the alarm that the downsizing of manufacturing isn't just limited to the car industry. The German Institute for Economic Research (DIW) says companies need to evolve.

Economy

UK economy grows for the second month in a row after mild recession

February's expansion in national output raises hopes that the UK is moving out of a recession.

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Economy

UK’s technical recession raises doubts about Sunak’s economic claims

The UK slid into a technical recession at the end of 2023 because of increased inflation and soaring interest rates.

Economy

Experts slash economic growth forecast for 'ailing' Germany

Five of Germany's economic research institutes slash Germany's GDP outlook, citing low domestic demand, and high gas and electricity prices hitting exports.

Economy

From Popcorn to Corpses: What's the connection between them?

Have you ever heard of the unclaimed corpses indicator and the Japanese haircut indicator? Most people haven't.

Economy

Germany sees declining economic growth in last quarter of 2023

Germany saw a fall in gross domestic product in the last quarter of 2023, following two back-to-back quarters of stagnation.

Economy

Germany likely to be in recession already, suggests Bundesbank

Germany's "ongoing period of weakness" could last longer than expected, the country's central bank is warning.

Economy

A 'torrid' time for UK regions as they level down, not up

The average UK citizen is £10,200 poorer than they were as a result of the "Great Recession", says a new report by the Centre for Cities.

Economy

UK shoppers tightened their purse strings over Christmas

The gloomy picture is fuelling fears of a recession, with the December fall being the biggest one recorded since January 2021, a period that was heavily affected by pandemic-related restrictions.

Economy

Continued contraction in eurozone services and manufacturing

December marks the seventh month of contraction for services and manufacturing in the eurozone, with the rate of decline picking up since November.

Economy

Euroviews. In a recession, out of one, on the brink? Here’s where Europe stands

While the timing of the recession is difficult to predict, one thing that is for sure is that the downside potential to future economic growth of Europe is real, Osama Rizvi writes.

Economy

German economy shrinks as household spending falls

Household spending dropped by 0.3%, driving the Germany economy into contraction in the three months to September.

Economy

Germany unveils costly new plan to cut electricity prices

The scheme is set to run for around five years and will likely cost up to €12 billion in its first year.

Travel News

Are Germans travelling less due to the recession?

German travel sales have bounced back after the pandemic but with fewer holidaymakers enjoying them.

Economy

German government forecasts that economy will shrink by 0.4% this year

Germany slashed its economic forecasts for 2023, predicting a 0.4% decline in its GDP.

United Kingdom

Stagnant UK economy lagging behind EU, new figures show

Britain has seen no economic growth in three months, the country's statistic agency said on Thursday. Other European states are faring better, meanwhile.

Economy

Europe's economy enters technical recession as households struggle

Europe's economy entered a technical recession after the eurozone endured two consecutive quarters of decline.

Economy

Why has Germany gone into recession?

Analysts worry the German economy could become "the black sheep of Europe".