Germany’s services sector faced a surprising setback in August, slipping into contraction and signaling a rare stumble amid mounting economic uncertainty. According to Bloomberg, this downturn may be a warning sign of tougher times ahead for Europe’s largest economy
Browsing: economic contraction
Canada’s economy contracted by 1.6% in the second quarter, as rising U.S. tariffs dealt a heavy blow to exports, underscoring how ongoing trade tensions are slowing down growth, CBC reports
Germany’s economy is contracting more rapidly than expected, sending shockwaves through global investors. A steep drop in industrial production, coupled with weak exports, signals potential ripple effects that could impact markets worldwide
The UK economy contracted for the second consecutive month this May, raising fresh concerns about its growth outlook. Experts warn that ongoing challenges could seriously hinder future progress