The German economy has now entered a recession, reports CNBC. GDP fell 0.3 percent in the first quarter of this year after a 0.5 percent decline in the final quarter of 2022. In a formal sense, the new figures mean a recession, as two consecutive quarters of negative growth are technically used to define a recession. Inflation, the war in Ukraine and sanctions against Russia have put the German economy... 

The only problem with the U.S. economy is the Federal Reserve central bank, President Trump said Monday. “The only problem our economy has is the Fed. They don’t have a feel for the Market, they don’t understand necessary Trade Wars or Strong Dollars or even Democrat Shutdowns over Borders. The Fed is like a powerful golfer who can’t score because he has no touch – he can’t putt!” he... 

With South Africa reeling amid concerns of land expropriation, the rand tumbling amid broad emerging market fears and the local economy pressured by collapsing consumer spending, moments ago the Pretoria-based Statistics South Africa announced that Q2 GDP contracted at a 0.7% annualized rate, missing expectations of a 0.6% increase, and together with the sharp drop in Q1 GDP, South Africa has now... 

Official figures show inflation in Brazil last year hit the highest level since 2002. Official figures show that Brazil’s inflation hit the highest level in 13 years in 2015 over what many believe has been a result of economic mismanagement that has been worsened by a political crisis in Latin America’s biggest economy. The government announced on Friday that annual inflation reached 10.67... 

When the global economy is doing well, the amount of stuff that is imported and exported around the world goes up, and when the global economy is in recession, the amount of stuff that is imported and exported around the world goes down. It is just basic economics. Governments around the world have become very adept at manipulating other measures of economic activity such as GDP, but the trade numbers... 

The Brazilian government has announced plans for $7 billion in spending cuts and $8 billion in additional taxes aimed at plugging the hole in the country’s 2016 budget. The austerity package is designed to balance the harsh economic downturn of the seventh-largest economy, whose sovereign credit rating was cut to ‘junk’ status last week. The measures are going to freeze public sector salaries,... 

Wall Street plunged Tuesday after investors feared weak data from China, the world’s second-largest economy, would lead to a global recession. China’s manufacturing sector suffered its quickest deterioration in over six years, leading to a three-year market low and other sectors of the Chinese economy also slowed down significantly. In response, all three major U.S. stock indices, the Dow Jones,... 

Stocks traditionally show weakness from May through October. Stocks hit their lowest point of the year on October 27th. Moreover, the Dow Jones Industrial Average began plunging right at this time of the year just prior to the financial crisis of 2008. Most people do remember the huge stock crash that happened in the fall of that year, but the market actually started to slide in May. Throughout the... 

A new report shows that the economy of Greece under SYRIZA has slipped back into recession after having contracted by 0.2 percent during the first quarter of the current year. The report was released by the national statistics agency, ELSTAT, on Wednesday, showing the second consecutive quarterly fall in Greece’s national output, after it had grown for most of 2014, AFP reported. The downturn, the... 

My exposure to resource stocks is as low as it has been in recent history and still, I’m nervous. Things are happening that shouldn’t be. The last time I said that was last July when I turned bearish and defensive on gold. And here in October I’m sensing the same thing. Let me repeat my thesis: that the world economy is moving toward deflation and recession and the realization of... 

A modern autorack in Germany. Germany’s exports have marked their biggest fall since the global financial crisis reached its peak in 2009, raising fears that Europe’s largest economy might slide into recession. Germany’s Federal Statistical Office said Thursday that exports slumped by 5.8 percent for the month of August. Moreover, imports dropped by 1.3 percent in seasonally adjusted terms, the... 

Graffiti is painted on walls and the entrance of an electric station of Public Power Corporation (PPC) in Athens, July 2, 2014. Greece faces massive power cuts as unions have threatened to disrupt the country’s power supply in row over government plans to break up the country’s main electricity provider. Workers of Greece’s Public Power Corporation (PPC) said they would go on strike on... 

Italy’s economy has entered its third year of recession after its gross domestic product (GDP) continued to contract in the third quarter of this year, official data shows. The national statistics office, Istat, reported on Thursday that Italy’s GDP shrank by 0.1 percent in the July-to-September period, marking the ninth quarterly contraction in a row. Furthermore, the figures showed that on an... 

Newly-released figures show that Italy’s economy is expected to shrink more than expected in 2013, continuing the country’s longest recession since the World War II. A report by Italy’s National Institute for Statistics (Istat) said on Monday that the country’s gross domestic product (GDP) will contract by 1.8 percent compared to a previous estimate of 1.7 percent contraction. Istat... 

As EU countries battle the financial crisis with austerity, average citizens get hurt while unemployment rises and social programs disappear. Up to 146 million Europeans are at risk of falling into poverty by 2025, the head of Oxfam’s EU office told RT. If the damage being inflicted by the European Union’s austerity measures is not reversed, the number of people trapped in poverty will increase...