The German government's independent economic advisers slashed the growth forecast for the biggest euro area economy, but said a severe recession is unlikely."The upswing has come to an end, but a widespread and deep recession is still unlikely," the German Council of Economic Experts said in its Annual Report 2019/20."The weak economic momentum is expected to persist into next year at least."Advis...
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.