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recession

Germany now world’s third-largest economy, as Japan slips into recession

Germany is now the world's third-largest economy, after Japan unexpectedly slipped into recession, according to Politico. Japan's economy shrank by an unexpected 0.4 percent in the last...

Euro zone economy narrowly skirts recession, stagnates in fourth quarter

The euro zone economy stabilized in the fourth quarter of 2023, flash figures published by the European Union’s statistics agency showed on Tuesday, according...

Euro zone unemployment hits record low, defying recession gloom

Unemployment in the euro zone matched its lowest level on record in November, despite worries that the 20-nation bloc succumbed to a recession in...

Euro zone business activity shrank again in Dec, pointing to recession

The contraction in euro zone business activity continued at the end of 2023 due to a persistent downturn in the dominant services industry, a...

Europe’s longest recession grips Estonia as region suffers

Estonia’s economy struggled to break out of the European Union’s most sustained contraction as a drop in trade with the Nordic region and an...

Euro zone Q3 GDP shrinks, but employment rises

The euro zone economy contracted marginally quarter-on-quarter in the third quarter, a new estimate confirmed on Tuesday, underlining expectations of a technical recession if...

Euro zone PMI hits lowest in nearly 3 years, stirs recession worries

Euro zone business activity took a surprise turn for the worse this month as demand fell in a broad-based downturn across the region, a...

Recession in some EU countries could affect Serbia

The announcement by ten EU states that they are officially in recession could certainly impact Serbia, as the country is closely tied to the...

Euro zone lending slows again as bloc skirts recession

Lending across the euro zone slowed to a near stand-still in August, data from the European Central Bank showed on Wednesday, as economic growth...

ECB set to hike rates again, but the peak is in sight

The European Central Bank is set to raise interest rates to their highest level in over 20 years on Thursday, even though the eurozone...