Technical Recession News Today

Japan last week saw inflation-adjusted real wages in January shrinking for the 22nd month in a row

UK and Japan slipped into recession at the end of 2023. But what exactly is a recession and is it any different from what it is commonly thought to be?

Germany’s central bank in its monthly report, stated that after a 0.3 per cent contraction in the final quarter of 2023, output is “likely to decline slightly” from January to March. This would mark the second consecutive decline in economic output, Economy News, Times Now

Article - U.K. Enters Technical Recession, New GDP Figures Show - It comes after GDP shrank in both Q3 and Q4, by 0.1% and 0.3% respectively. Despite those two quarters, GDP across the entirety of 2023 grew marginally by 0.1%.

The Euro Pound (GBP/EUR) exchange rate is firming today, following confirmation of a technical recession in the UK.

Businesspeople look with concern at the prospects of 2024, against the background of the increase in operational costs and the evolution of inflation at a still very high level, expecting Romania to enter technical recession in the first half of 2024, as per the 5th edition of the Moneycorp barometer regarding the status of the Romanian economy.

US President Joe Bidens backing has fallen to a record low of 34% despite the US economy demonstrating better-than-expected results.

The United Kingdoms latest economic indicators reveal an imminent recession, with official figures pointing to second-quarter stagnation followed by a subsequent contraction in the third quarter — piling pressure the Bank of England to consider interest rate cuts possibly by next spring.

This after Stats SA announced on Tuesday that economic activity declined by 0.2% in the three months through September.

Hungarian industry runs on exports alone Although September brought some recovery in Hungarian industry, domestic demand is still limiting the overall performa