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Germany’s GDP shrinks to put Europe’s biggest economy into a recession

The German economy suffered an unexpected dip in the first quarter of the year, formally putting the country into a recession, new figures show. Germany’s...

Japan’s economy bounces back to grow 22.9% in third quarter

Japan’s economy expanded at a 22.9% annual rate in the latest quarter, as businesses and personal spending recovered from pandemic-related shocks in the spring...

US economy shrinks by 4.8% as businesses shut down due to coronavirus

The US economy shrank by 4.8% in the last quarter as the coronavirus pandemic shut down much of the country and began triggering a...

Coronavirus: Chinese economy suffers biggest downturn since 1970s

China suffered its worst economic contraction since since at least the 1970s in the first quarter as it fought the coronavirus. Weak consumer spending and...

UK productivity drops at fastest pace for five years

Britain’s productivity has fallen at the fastest annual pace in five years in a sign that Brexit uncertainty is compounding an already weak spot...

Britain’s economic growth set to stagnate in second quarter

Britain's economic growth is expected to have stagnated in the second quarter, as the manufacturing sector boost wears off while construction declines. Economists believe that...

China’s economic growth holds steady despite slowdown fears

China's economic growth held steady in the latest quarter, boosted by trade and consumer spending, despite concerns about a possible impending slowdown. Output rose 6.9%...

EU sets new deficit sets deadlines for Spain and Portugal

The European Union has set new deadlines for Spain and Portugal to bring their budget deficits into line after both countries escaped fines for...

China’s growth must be at least 6.5%, says President Xi Jinping

President Xi Jinping has said that China needs at least 6.5% economic growth in coming years to become “moderately prosperous”. The ruling Communist Party also...

Eurozone economy grows at fastest rate in two years

Official figures show that the eurozone economy grew at its fastest rate for nearly two years during the first three months of 2015. The 0.4%...

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