Eurozone business activity shrinks further in May
Business activity in the eurozone contracted further in May, weighed down by weak demand caused by the Middle East war, a key survey showed Thursday.
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French economy records zero growth in first quarter
France's economy recorded zero growth in the first quarter of this year due to "sluggish" domestic demand and a "strongly" negative contribution from foreign trade,…
‘Expected decline’: Porsche sales plummet again
German carmaker Porsche has seen its sales drop again, with around 60,910 vehicles sold in the first quarter of 2026, a 15 per cent decrease compared with the same…
Large company bankruptcies skyrocket in Germany
The number of bankruptcy cases involving big companies in Germany sharply rose in 2025.
Two in five German industrial companies plan job cuts in 2026
Sentiment in Germany’s industrial sector is at rock bottom with more than 40 per cent of companies planning to reduce their workforce in the coming year.
German industrial output again drops steeply, “another severe blow to the economy”
August saw the sharpest decline in German industrial production since the outbreak of the war in Ukraine in 2022.
Almost three million Germans are unemployed as economic slump drags on
As Germany’s economic malaise persists, the number of unemployed people has climbed by 7 per cent in June compared to a year before.
Ireland’s economic data ‘distort eurozone outlook as growth cracks emerge’
Ireland’s industrial production fell by 13.7 per cent in April, reversing a sharp 14 per cent surge in March.
Austria caught in longest recession since Second World War
Austria’s economy is deteriorating fast as it enters its third year of recession – the longest period of economic contraction since the end of the Second World…
Austria’s economic crisis: GDP slump worse than expectations
Austria’s economy shrank by 1.1 per cent in real terms in 2024, it was was announced on March 3 by the country’s federal statistical bureau Statistik Austria.
German unemployment hits almost 3 million as job market shrinks
Germany’s economy has continued its downward spiral as official figures from the Federal Employment Agency (BA) have revealed almost three million people were…
Eurozone’s third-straight inflation rise ‘reveals faltering economy’
Eurozone inflation has hit 2.4 per cent on an annual basis in its third straight increase.
Germany ‘entering longest economic slump since WW2’
A forecast by the Handelsblatt Research Institute (HRI) has predicted that the German economy is set to suffer a third consecutive year of recession, something not…
Cold Christmas for employees at Austrian motorcycle giant KTM as production comes to a halt
The crisis at Austrian motorbike manufacturer KTM is worsening, with the company unable to pay its 6,000 employees the previously promised November and December…
ECB’s Lagarde sees weak growth, dominated by downside risks
Eurozone economic growth could be weaker in the months ahead and the medium-term outlook is uncertain with downside risks dominating, European Central Bank President…
Europe’s biggest motorbike producer faces insolvency
KTM, the Austrian motorcycle manufacturer, is facing insolvency and will apply for restructuring in accordance with the Austrian Insolvency Act.
EU deindustrialisation continues, drives down economic outlook
The European Union has had its economic outlook downgraded for 2025 as problems related to the continent's deindustrialisation continue.
German company insolvencies at highest level since 2010, thousands of jobs affected
Germany has reportedly experienced a near-record number of corporate insolvencies, with a major economics firm warning that insolvencies have hit their highest point…
Eurozone factory activity sees fastest-ever decline in September
Manufacturing activity across the Eurozone declined at its fastest pace this year in September as demand waned sharply despite factories cutting their prices, a…
German manufacturing sentiment at ‘lowest level since June 2020’
Pessimism within the German manufacturing sector has hit its lowest level since June 2020, a report from a major economic research institution has found.
Eurozone business activity unexpectedly contracts in September
Eurozone business activity contracted sharply and unexpectedly this month as the bloc's dominant services industry flatlined while a downturn in manufacturing accelerated, a…
Germany faces a surge in bankruptcies with ‘worse to come’
In the first six months of this year, almost 25 per cent more companies in Germany filed for insolvency compared to 2023, with experts fearing that the worst is…
European stocks drop as US recession worries spark global selloff
European shares fell to near six-month lows amid a global selloff in equities on fears of a slowdown in US economic growth, with only a handful of stocks trading…
US headed for a recession in 2025, Europe be warned
Professor Steve H. Hanke, one of America’s leading economists, has some crisp words about America's economic future, and Europe had better listen.
German Chamber of Commerce sees ‘alarming signs of gradual deindustrialisation’
Germany is showing worrying levels of gradual deindustrialization, a new survey has found.
German home-building collapses amid economic downturn
Building permits for apartments in Germany fell 27 per cent in 2023, the statistics office said, underscoring a downturn in demand in the construction and real estate…
UK enters recession as clouds darken over Sunak
Britain's economy fell into a recession in the second half of 2023, a tough backdrop for Prime Minister Rishi Sunak who has promised to boost growth ahead of an…
Eurozone economy flatlined in 2023 with little hope of new life this year
The Eurozone economy stagnated last year, underperforming the rest of the world as former powerhouse Germany struggled with an industrial malaise that has no end…
Eurozone most likely now in recession, data indicates
The Eurozone is now almost certainly in recession, data gathered by capital market group S&P Global appears to show.
Chinese media calls Moody’s ‘biased’ for negative economic outlook
Chinese state media called Moody's "biased" on December 6 for its negative rating outlook on the world's number two economy, but some analysts said the government's…