UN flags global economy operating near stagnation
NEW YORK: The global economy is experiencing a period of subdued economic performance marked by weak momentum and limited expansion, according to the latest assessment by the United...
Tag : economic slowdown
New York leads jump in U.S. unemployment filings
U.S. jobless claims rose to 241,000, marking a 9-week high and signaling growing pressure on the labor market....
France GDP growth forecast lowered to 0.7 pct for 2025
France GDP growth forecast for 2025 cut to 0.7% by Banque de France, reflecting economic slowdown....
Brent down 3% after hitting 3-year low on US crude build, OPEC+ hike
Oil prices slipped as Brent crude dropped 3%, pressured by a sharp rise in US crude stockpiles and the OPEC+ decision to increase production....
Economic slowdown in China fuels calls for stronger fiscal measures
China’s manufacturing sector faces renewed contraction, as PMI data underscores weak domestic demand, global trade risks, and calls for stronger stimulus in 2025....
Germany’s economic activity sees persistent decline amid weak manufacturing
Germany’s economic contraction extended into December, marking six straight months of decline as weak manufacturing output offset modest stability in the services sector....
Retailers warn of job losses following new UK budget tax hikes
UK retailers face rising costs and insolvencies following budget changes, with calls for urgent support to counter weak sales and economic uncertainty....
ADB lowers South Korea’s 2025 growth forecast to 2 percent
The ADB lowered South Korea's 2025 growth forecast to 2%, citing a semiconductor slump despite rate cuts and policies. The projection aligns with IMF and...
Economic downturn hits China’s global standing
China meets its 5.2% 2023 growth target, but sees a first-in-30-years drop in dollar-denominated GDP, signaling economic slowdown....