Tag: eurozone

Global

The German economy dodges recession

Germany narrowly avoided entering recession at the end of 2018. Having posted a contraction of 0.2 percent in the third quarter, growth was zero for the final quarter meaning Europe’s largest economy did not enter recession. The weak growth is blamed on a global and Eurozone slowdown, as well as falling consumer demand for cars…

Global

Italy’s recession raises concerns of eurozone contagion

Italy’s economy has entered a recession after posting a contraction of 0.2 percent in gross domestic product (GDP) in the final three months of 2018. This follows a 0.1 percent negative growth in the previous quarter.   The Italian coalition government of the anti-establishment Five Star Movement, and the far-right League party, had promised to…