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Germany faced low growth at the end of 2018, but the country managed to avoid a recession, the Central Bank of Germany reports. The European Central Bank chose a tight monetary policy path, so the slowdown in the growth rates of leading EU countries caused concern in Frankfurt. In 2018, the growth rate of Germany’s GDP reached its lowest level since 2013. Last year, the economy grew by only 1.3%, while in 2017 the country's GDP increased by 2.2%. Weak economic growth in 2018 is associated with a downturn in the manufacturing sector. The automotive industry developed slowly last summer, and only began to gain pace by the end of the year. The heads of the Central Bank of Germany are pinning their hopes on the growth of employment and wages. The upturn in this sector is expected to support the economy.
The outlook for India’s struggling economy has darkened further on weak business activities and surging virus cases. This will likely prompt the Reserve Bank of India to lower interest rates again, a Reuters survey showed. According ...
The Dollar traded lower earlier on Thursday in European markets after new hope of an economic recovery in Europe bolstered sentiment. The Dollar index fell by 0.1% to 954.808 at 3:10 AM ET (0710 GMT), gaining only slightly from the four-month ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
The second quarter had seen South Korea slipping into recession. This came to be the country’s sharpest economic downturn in more than two decades as the novel coronavirus crisis weighed on exports and social distancing measures halted ...
After a record decline seen last quarter, Britain’s economy is expected to grow at its most rapid pace in decades. The recovery is likely as large portions of the economy resumed operations after coronavirus-related lockdowns were lifted. Despite ...
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