recession
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Germany
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…
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Videos
Up to 80 per cent chance interest rate rises could cause a recession, RBA says | 9 News Australia
Economics Editor of the Australian Financial Review John Kehoe has issued a grim warning over the latest research by the…
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Germany
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…
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Travel
Are Germans travelling less due to the recession?
German travel sales have bounced back after the pandemic but with fewer holidaymakers enjoying them. ADVERTISEMENT A “considerable number” of…
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Germany
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. ADVERTISEMENT Germany’s government said on Wednesday…
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Europe
Europe’s central bank hikes key interest rate to record high as recession threat grows
The European Central Bank hiked a key interest rate to a record high Thursday as it battles soaring inflation, defying…
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Asia
No recession for Singapore this year despite sluggish economy, but 2024 remains uncertain: PM Lee
Earlier in August, Singapore slightly cut its economic outlook for 2023 — to come in between 0.5 to 1.5 per cent,…
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Videos
Global National: Oct. 26, 2022 | What Bank of Canada's latest interest rate hike could mean
The Bank of Canada raised its key interest rate by 50 basis points to 3.75 per cent on Wednesday, as…
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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…
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Videos
Will Canada see a recession in 2023? | Parliamentary budget officer Yves Giroux
Parliamentary budget officer Yves Giroux, The Globe and Mail’s Robert Fife and The Star’s Stephanie Levitz discuss the economy. Subscribe…
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