[ad_1] FILE – The sun sets behind the cole-fired power plant ‘Scholven’ of the Uniper energy company in Gelsenkirchen, Germany, on Oct. 22, 2022. Germany’s economy shrank…
Tag: shrank
German economy shrank in 2023 amid high energy costs, export woes
[ad_1] The German economy shrank slightly in 2023, official data showed Monday, as costly energy, high interest rates and cooling foreign demand took their toll on Europe’s export giant. Output…
Europe’s Biggest Economy Shrank Last Year as Germany Struggles With Multiple Crises
[ad_1] FRANKFURT, Germany (AP) — Germany’s economy shrank 0.3% last year as Europe’s former powerhouse struggled with more expensive energy, higher interest rates, lack of skilled labor and a homegrown…
Europe’s biggest economy shrank last year. The outlook isn’t much better | CNN Business
[ad_1] London CNN — Germany’s economy shrank last year for the first time since the onset of the Covid-19 pandemic, official data showed Monday, increasing the risk of an economic…
Germany, Europe’s biggest economy, shrank last year | CNN Business
[ad_1] Leonhard Simon/Getty Images A BMW factory in Munich seen in December 2023. Germany’s struggling manufacturing sector has been a drag on economic growth. London CNN — Germany’s economy shrank…
Canadian service sector shrank for seventh straight month in December
[ad_1] Activity in Canada’s service sector deteriorated for a seventh consecutive month in December as elevated borrowing costs weighed on the housing market, S&P Global Canada services PMI data showed…
UK economy shrank faster than expected in October, new data reveals
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UK economy shrank by more than expected in October
[ad_1] Higher interest rates and bad weather held back growth as the economy continues to stagnate. [ad_2] Source link
UK economy shrank by more than expected in October – BBC News
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Japan’s Economy Shrank More Than Estimated in Third Quarter
[ad_1] TOKYO—Japan’s economy contracted at a faster pace than initially estimated in the July-September quarter due to weak consumer spending, revised government data showed Friday. The economy shrank 2.9% on…