GDPDecline

Germany Faces Economic Contraction Again This Year According to Survey

1 month ago

Germany's economy is poised for another challenging year as recent surveys indicate a looming contraction in economic output. Analysts project that the nation, which currently stands as Europe’s largest economy, is likely to experience a decline in GDP for the second consecutive year in 2024. This downward trend has raised concerns about the long-term stability and growth prospects of the German economy, which has been grappling with various domestic and global headwinds.

Hungary's Economy Faces Sharp Decline: Recession Triggered by Manufacturing Sector Struggles

2 months ago

In a troubling economic development, Hungary has officially entered a recession, primarily driven by significant downturns in the manufacturing and industrial sectors. The nation's economy has contracted for two successive quarters, marking a stark shift from its previous growth trajectory. Analysts and officials express concerns over the implications of this economic slide, particularly as global markets face their own uncertainties.