[ad_1] Canada’s economy shrank in the three months up to September, as household spending was flat and exports declined. Statistics Canada reported Thursday that the country’s gross domestic product shrank…
Tag: shrank
Germany’s economy shrank, and it’s facing a spending crisis
[ad_1] FRANKFURT, Germany — German Chancellor Olaf Scholz on Friday promised quick action to fix a budget crisis after a court decision blew a large hole in the almost-finished plan…
Germany’s Economy Shrank, and It’s Facing a Spending Crisis That’s Spreading More Gloom
[ad_1] FRANKFURT, Germany (AP) — Germany’s economy shrank in recent months and business confidence is still in the dumps, according to figures released Friday, while the government is struggling to…
Canada’s economy flat in August, estimate suggests shrank in Q3
[ad_1] OTTAWA – Statistics Canada says a preliminary estimate suggests the economy shrank at an annualized rate of 0.1 per cent in the third quarter. The estimate came…
Germany’s economy shrank in the third quarter | CNN Business
[ad_1] Martin Meissner/AP Households in Germany spent less in the third quarter, weighing on economic growth. London CNN — Output in Germany fell in the third quarter, official data showed…
Sri Lanka’s economy shrank 3.1% in Q2 amid financial crisis
[ad_1] COLOMBO :Sri Lanka’s economy shrank 3.1 per cent in the April-June quarter, official data showed on Friday, as the country struggles to claw out of its worst financial crisis…
Euro zone business activity shrank in November, but optimism surged
[ad_1] LONDON (Reuters) – Euro zone business activity contracted last month as governments across the bloc re-imposed strict lockdowns to quell a second wave of coronavirus infections, but optimism recovered…
German economy shrank 0.2% in Q4, worse than expected
[ad_1] BERLIN (AP) — Germany’s economy shrank by 0.2% in the fourth quarter compared with the previous three-month period, official figures showed Monday. The performance by Europe’s biggest economy was…
Recession fears return after German economy shrank 0.4% in fourth quarter
[ad_1] Germany’s economy shrank more than expected in the fourth quarter according to revised figures, raising doubts over the ability of Europe’s biggest economy to escape recession and recover swiftly…
UK economy shrank more than previously thought
[ad_1] A country is in recession when its economy shrinks for two three-month periods – or quarters –in a row. Typically during a recession, companies make less money, pay falls…