In this year’s third quarter, Japan’s economy contracted at an annualized rate of 1.8 percent, its first shrinkage in six quarters, government data showed.
Tag: Global Economy
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U.K. ECONOMY SLOWED FURTHER IN THIRD QUARTER
In this year’s third quarter, the U.K.’s economy managed to grow by just 0.1 percent, according to the Office for National Statistics. That followed a 0.3-percent bump in the preceding quarter. Economists in a Wall Street Journal survey had expected a 0.2-percent expansion from July through September.
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FUTURE OF GERMANY’S ECONOMY LOOKING WORSE
Surveying 186 economic analysts, German thinktank ZEW said its monthly Indicator of Economic Sentiment slipped 0.8 of a percentage point from October, settling at 38.5.
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EUROZONE ECONOMY EXPANDS ON EXPORTS TO U.S.
In the third quarter, the Eurozone’s economy grew 0.2 percent above the second quarter, setting an annual pace 1.4 percent as exports to the U.S. surged after U.S. tariff rates were reduced in a final trade agreement.
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THREE DANGERS LURK FOR INVESTMENT MARKETS, WSWS WARNS
Three issues pose a growing danger to stock markets where valuations have been inflated by euphoria and lax oversight, the World Socialist Web Site (WSWS) warned in a 12 November analysis.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that have profoundly affected the business community this year.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
Big Tech announced widespread layoffs this week. Verizon will lay off 15,000 to cut costs, Synopsys chip design company will lay off 2,800 people and Intel will lay off 669 people in Oregon by year-end.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that have profoundly affected the business community this year.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
As AI continues to take over human jobs, IBM announced a restructuring to focus on software development, cloud services and AI, which could result in 2,700 to 5,000 layoffs.
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SPOTLIGHT: BIGS GETTING BIGGER
Between 26 and 31 October, three deals totaling $81.4 billion in value made the headlines.