The World Bank says a sharp, long-lasting slowdown is expected to hit developing countries hard this year as the global economy weakens. The bank said this in its latest 'global economics prospects' report, released on Tuesday.
6 Jul 2019
Surveys have shown that more and more German companies are reintroducing short-time work to cushion the impact of a creeping economic slowdown. That policy tool had worked miracles during the global financial crisis.