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Stagnant UK economy lagging behind EU, new figures show
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Germany slips into recession, economy shrank 0.3% in first quarter
The figures were a blow to the German government, which last month boldly doubled its growth forecast for this year after a feared winter energy crunch failed to materialise.
Is ’quiet hiring’ really a win-win for companies and employees?
Quiet hiring allows employers to keep a steady headcount and focus instead on upskilling existing staff. But is it really a win-win?
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Gas prices fall, inflation eases. Can the eurozone escape a recession?
"It's not a brilliant year but it is a lot better than what we had feared," European Central Bank President Christine Lagarde said last week.
Davos: Global leaders cautiously optimistic about global economy
The World Economic Forum at Davos has ended with a mixture of mild optimism and caution for the global economy.
World Economic Forum kicks off in Davos amid fears of a recession
World Economic Forum begins in Davos amid fears of a recession and almost a year since Russia invaded Ukraine. This year’s theme is ‘Cooperation in a fragmented world’
Eurozone inflation falls back to single digits at 9.2%
The record-breaking surge in prices seen in 2022 is steadily abating, according to new numbers released by Eurostat.
One-third of the world faces recession in 2023, IMF warns
The new year is going to be "tougher than the year we leave behind," says IMF Managing Director Kristalina Georgieva.
French economy should stave off recession in 2022, says Bank of France
France's GDP will grow by a slight 0.1% in the last four months of this year, the national bank predicted on Thursday.
Global travel summit wraps up in Saudi Arabia
The largest in-person gathering of Minsters of Tourism and CEOs of tourism companies strives to align efforts to support the sector’s recovery from the pandemic.
What is a recession? Is Europe already in one? It's not easy to tell
Russia's war in Ukraine and the global energy crisis have drastically worsened Europe's economic outlook.
Hunt strives to play up UK's performance as he sets out austere budget
The UK finance minister said Britain was holding up against "unprecedented global headwinds" as he outlined a severe package of cuts and tax rises.
Highest interest rates rise since 1989 despite 'looming recession'
UK finance minister Jeremy Hunt said Thursday's 0.75% hike by the Bank of England would be "very tough" for families with mortgages and businesses with loans.
Half of eurozone countries heading for recession, IMF chief predicts
"The loss to the European people is quite, quite dramatic," Kristalina Georgieva told Euronews.
New UK chancellor says mistakes were made and taxes could rise
New Chancellor of the Exchequer Jeremy Hunt, a two-time Tory leadership candidate, said PM Liz Truss' government has to "show the world we have a plan that adds up financially."
Is the global economy sliding into recession and what could it mean?
Escalating inflation, the war in Ukraine and low consumer confidence are spelling headwinds for the global economy.
What is shrinkflation, skimpflation and stagflation?
As economic panic sets in, many are worried about inflation and especially stagnation and are fed up with skimpflation. But what do these terms mean?
Europe's energy crisis haunts the euro as it tumbles to 20-year low
A new spike in energy prices has added to fears of recession, with manufacturing surveys due on Tuesday expected to highlight the damage done to activity.
Can a career move help with the rising cost of living?
With prices soaring, is now the time to switch jobs or even careers?
Big interest rate hike in UK as Bank of England predicts recession
The country's central bank also announced the biggest interest rate hike in over 27 years in an attempt to curb the economic fallout caused by the war in Ukraine.