The International Monetary Fund initially predicted Germany and Britain alone to suffer recessions as inflation remains high across Europe and spending drops in response.
Gross domestic product fell by 0.3% in the first quarter of the year when adjusted for price and calendar effects, a second estimate from the statistics office showed on Thursday. This follows a decline of 0.5% in the fourth quarter of 2022. A recession is commonly defined as two successive quarters of contraction. aaa
G7 finance leaders during their three-day meeting in Japan discussed the need to make supply chains more resilient by reducing over-reliance on China, German finance minister Lindner said today.
Economist runs chart showing just how badly Argentina 'never learns' on inflation americanthinker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanthinker.com Daily Mail and Mail on Sunday newspapers.