UN flags global economy operating near stagnation
NEW YORK: The global economy is experiencing a period of subdued economic performance marked by weak momentum and limited expansion, according to the latest assessment by the United...
Tag : economic slowdown
U.S. job market shows signs of strain in April
U.S. jobless claims rose to 241,000, marking a 9-week high and signaling growing pressure on the labor market....
China’s factory activity contracts in January, marking economic challenges
China’s manufacturing sector faces renewed contraction, as PMI data underscores weak domestic demand, global trade risks, and calls for stronger stimulus in 2025....
Oil prices fall 1 percent amid weak economic data from US and Germany
Oil prices fell 1% amid weak economic data from the US and Germany, reversing recent gains driven by a weaker dollar and surging winter demand...
Germany’s economic activity sees persistent decline amid weak manufacturing
Germany’s economic contraction extended into December, marking six straight months of decline as weak manufacturing output offset modest stability in the services sector....
Retailers warn of job losses following new UK budget tax hikes
UK retailers face rising costs and insolvencies following budget changes, with calls for urgent support to counter weak sales and economic uncertainty....
ECB lowers deposit rate to 3.5% as inflation nears target
European Central Bank lowers key rate to 3.5% as it aims to counter slowing economic momentum and maintain inflation near the target level in challenging...
Economic downturn hits China’s global standing
China meets its 5.2% 2023 growth target, but sees a first-in-30-years drop in dollar-denominated GDP, signaling economic slowdown....