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

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