economic contraction News

December Marks a Sharp Decline in UK Manufacturing Activity, Reaching an 11-Month Low

The UK manufacturing sector hit an 11-month low in December, with a score of 47.0, indicating a significant slowdown. Output, new orders, and employment contracted at an accelerati...

German Economy Faces Challenges: Bundesbank Forecasts 0.2% Contraction in 2024

The Deutsche Bundesbank forecasts a 0.2% contraction in the German economy for 2024, citing persistent economic headwinds and structural problems. The central bank also revised gro...