recession
25 May
Inflation has taken a heavy toll on the German economy, with consumers spending less on items such as food and clothing. To make matters worse, the outlook for the rest of the year isn't looking much brighter.
7 Apr
Germany will dodge a feared recession in 2023, according to a forecast by main German economic institutes. But they say inflation will remain high.
13 Feb
The European Commission has revised its economic forecasts upwards slightly, predicting growth of almost 1% in the bloc for 2023. Inflation is expected to slow but remain high, a little more so outside the eurozone.
31 Jan
The International Monetary Fund has given a brighter outlook in its latest report than in October, predicting that inflation will slow. It said that European economies had shown more resilience than expected.
26 Jan
The German economy is withstanding the aftershock of the Ukraine war better than prior projections showed.
18 Jan
The EU's Economic Commissioner said the bloc had encouraging economic news and may avoid a much-feared deep recession in 2023.
6 Jan
Kristalina Georgieva, the managing director of the International Monetary Fund, is warning that this year will be tougher than the last and that the war in Ukraine, rising inflation and higher interest rates will weigh heavily on the global economy. She expects the EU to be particularly hard hit, with half of its members seeing declines in growth.
18 Oct 2022
Economists often warn of the consequences of a recession; companies go bankrupt, and jobs are lost. But in forcing weaker firms out of business, a recession can leave more room for growth and recovery.
24 Sep 2022
The British pound has fallen to its lowest level in decades against the US dollar, amid fears over runaway inflation and recession. The government has announced a drastic plan to cut taxes, claiming it will boost growth.
24 Sep 2022
The Bank of England has warned that the UK economy may already be in recession, as it hikes interest rates for the seventh time to combat the spiralling pace of price rises. Inflation is still hovering nearly 40-year highs at just under 10 percent.
9 Aug 2022
Data suggest that Germany may be on the brink of an economic downturn that could ultimately lead some businesses to move abroad.
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