Markets

The UK, German and Italian economies are all tanking at the same time

Three of Europe’s largest economies are under threat of recession, which could spell a currency crisis across Europe. Dozens of companies in Germany have turned to “short-time” work – cutting employee hours – a canary in the coal mine of industrial weakness Britain could also already be in a recession […]
The UK, German and Italian economies are all tanking at the same time
Markets

Global stocks slide as Germany’s economy draws closer to a recession

Global stock markets are broadly lower Thursday as ongoing trade tensions, poor industrial data out of Germany, and an upcoming policy announcement from the Bank of England influence stocks. Moves so far are small, with Europe’s biggest faller on the day losing just 0.3% as of 9.15 a.m. in London […]
Global stocks slide as Germany’s economy draws closer to a recession
Markets

It’s official: Italy’s economy has slipped into recession

Output in Italy, Europe’s fourth-largest economy, contracted by 0.2% in the fourth quarter, on the heels of a 0.1% drop in the quarter before that, the Italian National Institute of Statistics, known as Istat, said on Thursday. That means Italy is officially in a recession, defined as two successive quarters […]
It’s official: Italy’s economy has slipped into recession
Markets

Germany’s economy is getting hammered by the rest of the world’s problems

Trade-war fears, ongoing Brexit negotiations, and the crisis surrounding Italy’s budget are all dragging on the German economy. Traditionally strong exports have disappointed in four of past six months. New rules on emissions for automakers aren’t helping. Europe’s largest exporter has also seen trade out of the country fall dramatically. […]
Germany’s economy is getting hammered by the rest of the world’s problems
Markets

Germany could be the surprise victim of Trump’s trade war

Trade tensions between the US and China increase again as Trump proposes tariffs on $US100 billion extra of goods. A trade war would hit the USA and China, but German firms are worried. BMW and Mercedes’ parent company is the biggest exporter of cars from the USA, and would be […]
Germany could be the surprise victim of Trump’s trade war
Markets

Germany’s economy is growing at its fastest rate in three years

Preliminary GDP data for Germany revealed growth of 0.6% in the June quarter, just shy of market forecasts of 0.7%. The slight miss was still a solid print for the German economy, with annual growth increasing to 2.1% from 1.7% in Q1. According to the Financial Times, that’s the fastest […]
Germany’s economy is growing at its fastest rate in three years