GDP contraction News

Germany's Economy Faces a Slight Contraction in Q2 2025: A Closer Look at the Numbers

The German economy slightly contracted by 0.1% in Q2 2025, with a yearly growth of 0.4%. Declines in capital formation were offset by increases in household and government spending...

European Markets Tumble Amid US Tariff Threats and Disappointing UK Economic Data

European markets closed sharply lower amid fears of new US tariffs on the EU and disappointing UK economic data, including a drop in industrial production and GDP contraction.

Janet Yellen Warns: Trump's Trade Levies Could Push US Economy Towards Recession

Former US Treasury Secretary Janet Yellen warns that President Trump's trade levies could severely impact American economic growth, potentially leading to a recession. Highlighting...

U.S. Economy Faces First Contraction in Three Years: Trump's Tariff Policy Blamed

The U.S. economy contracted for the first time in three years in Q1, attributed to Trump's tariff policies, with a record trade deficit and cooling labor market raising recession f...

South Korea's Economy Faces a Setback: Q1 GDP Contracts by 0.2%, Signaling Tough Times Ahead

South Korea's economy contracted by 0.2% in Q1, marking the first decline since last year. The downturn, driven by reduced domestic demand and exports, raises concerns over the cou...

UK Economy Contracts in October, Reeves Promises Long-Term Growth

British Chancellor Rachel Reeves admits the October GDP report shows a 0.1% contraction but promises long-term growth through public finance stabilization, low tax rates, and inves...