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International Business News: Official data released on Thursday revealed that Japan, once expected to claim the title of the world's largest economy, fell to fourth place behind Germany last year. However, projections indicate that India is poised to surpass both nations later in this decade to bag the third spot. ....
"The bad mood among companies is becoming more entrenched," said the DIHK in Berlin on Thursday, adding that it would be only the second time in Germany s post-war history where the economy contracted for two years in row. The first case was in 2002 and 2003. ....
The German economy contracted in the whole year of 2023, Destatis reported Monday. Gross domestic product shrank 0.3 percent sequentially, in contrast to the 1. ....