Prevailing economic challenges, as reflected in the business environment and rising inflation, which is further compounded by poor oil production in the last three months, have undermined Nigeria’s economy, as official figures show that Gross Domestic Product...
Britain's economy shrank in the third quarter as inflation soars, official data showed Friday, likely confirming it is already in a recession, dealing a fresh blow to new Prime Minister Rishi Sunak.
Germany will sink into recession next year and inflation will soar, the government forecast Wednesday, as Europe's top economy battles skyrocketing energy prices following Russia's gas shutdown.
Britain's economy grew in the second quarter and did not shrink as previously thought, data showed Friday, easing recession fears amid ongoing turmoil over the government's tax-slashing budget.
The World Trade Organization's chief said Tuesday she believes the world is heading towards a global recession due to multiple colliding crises and called for radical policies to revive growth.
The pound hit a record low against the dollar Monday on surging fears about the UK economy after the government unveiled a huge tax-cutting budget.
The UK's new government on Friday unveils multi-billion-pound measures aimed at supporting households and businesses hit by the highest inflation in decades.
The Bank of England hiked its interest rate again on Thursday to combat soaring inflation as it warned that the UK's economy had already slipped into recession.
The German central bank said Monday it was increasingly likely that Europe's largest economy would shrink for a "prolonged" period as Russia throttled energy supplies to the continent.
Following the economy’s poor performance in the last few years, Nigeria’s housing market has lurched into recession, with professionals and property developers seeking review of major drivers of the sector.
Germany will fall into recession next year, a leading think-tank warned Monday, with Europe's biggest economy facing soaring inflation as Russia slashes energy supplies.
The threat of recession is rising in Europe, a top EU official warned on Wednesday, as skyrocketing energy prices caused by Russia's invasion of Ukraine punish the economy.