Germany’s economy contracted in the final quarter of 2023 last year, official data revealed on Tuesday, meaning Europe’s largest economy is close to recession.
Germany’s economic gloom deepened on Friday as a widely-watched survey showed an unexpected fall in consumer confidence as inflation deterred people from major purchases.
China’s central bank is to cut the amount of cash lenders must hold, it was confirmed on Wednesday, the latest move designed to bolster the country’s ailing economy.