Economic activity shrank a seasonally-adjusted 5.8% quarter-on-quarter in Q1 2020, marking the sharpest contraction ever recorded, according to a first...
Latest Global Economic News
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France: Sharpest contraction ever recorded in Q1; economy enters recession -
France: Harmonized inflation falls to three-and-a-half-year low in April In April, consumer prices rose 0.1%, matching March’s result, according to a preliminary release by the Statistical Institute (INSEE). Higher... -
Italy: Economy shrinks at unprecedented pace in Q1 2020 In the first quarter of the year, Italy’s GDP tumbled 4.7% over the previous period in seasonally- and working-day adjusted... -
Spain: Covid-19 plunges economy into historic contraction in Q1 2020 The economy suffered its worst downturn in history in the first quarter, battered by the coronavirus pandemic and lockdown measures... -
Latvia: GDP contracts for the first time since 2010 in Q1 2020 The economy shrank 1.4% year-on-year in the first quarter of this year, according to preliminary national accounts data released by... -
Austria: Consumer sentiment plunges to over decade-low in April Consumer sentiment in Austria fell to its lowest level since May 2009 in April, with the consumer confidence index plummeting... -
Austria: Economy hammered by Covid-19 in Q1, contracting at steep pace In the first quarter of the year, the economy has been hard hit by the Covid-19 pandemic and subsequent containment... -
Switzerland: Retail sales tumble in March Retail sales fell at the sharpest rate in the series’ history in March, with calendar-adjusted real retail sales falling 5.6%... -
Canada: Economic output flatlines in February; preliminary estimate for March suggests a survey-record decline in activity The economy stalled month-on-month in February, which was down from the 0.2% increase in January and slightly below market expectations... -
Taiwan: Economic growth slumps to four-year low in Q1 as pandemic hampers domestic activity The economy grew 1.5% in Q1 2020 compared to the same period a year earlier, according to an advance GDP...