Tag: recession
“Heels in the roof” of Söderköping’s traders – despite Christmas in recession
According to Svensk Handel’s forecast, this year’s Christmas shopping is expected to have a turnover of SEK 21.5 billion. This corresponds to a decrease of 500 million compared to last…
European economy, Draghi: “there is a risk of recession but not a destabilizing one”
(Finance) – In the euro zone “there is a risk of recession but I would not say it is profound or destabilizing”because “the starting point is very high, with the…
EU, Gentiloni: economic context is one of slowdown, not recession
(Finance) – The European Commissioner for Economic Affairs, Paul Gentlemendeclared that the economic context “is not one of recession but of slowdown, it is essential to make the most of…
The recession withered the giant phenomenon – squash could have become a hot Finnish sport for the Olympics
Squash should have made it to the Olympic Games when there were 600 courts in Finland. The legend of the sport sees padel’s economic crisis as a lot of points…
Growth, Gentiloni: “In the EU it slows down but a recession is avoided”
(Finance) – “The world economy is slowing down, but the good thing is that we have avoided a recession.” This is what the European Commissioner for Economy, Paolo Gentiloni at…
Germany: recession, decline in attractiveness… The dark figures of the economy
The picture was already dark, but it was getting a little darker. With a decline in GDP expected to 0.6% in 2023, Germany remains mired in crisis. The International Monetary…
The recession deepens during the next year
On Wednesday morning, the Economic Institute presents the Economic Situation – a report that means gloomy figures for the Swedish economy. In a press release it is written that “high…
With industry at half mast, Germany is heading towards a recession
A recession in Germany this year seems more and more inevitable. The forecasts follow one another and confirm it: the leading European economic power should see its gross domestic product…
Commission cuts GDP growth estimates. Germany expected in recession
(Finance) – Bad news comes from the European Commissionwhich has revised its growth forecasts downwards for the Eurozone, conditioned mostly by Germany, which expects a recession in 2023. The Summer…
Eurozone in recession: PMI data down and below expectations
(Tiper Stock Exchange) – The Eurozone services sector is holding back sharply in August 2023, freezing the European economy as a whole, that falls into recession. The Purchasing Managers Index…