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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.

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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".

Money

Recession fears grow amid stubborn inflation and rising interest rates

As inflation bites, the UK is bracing for further interest rate hikes and the risk of a recession. Germany is already there.

Germany

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.

Work

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?

Economy

Brussels, my love? The EU's economy & the 'make polluters pay' policy

Tune in to understand the ins and outs of European politics.

Economy

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.

Switzerland

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.

Switzerland

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’

Economy

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.

Money

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.

France

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.