Ifo Index Plunges, Signaling Worsening German Economic Outlook
Germany's Ifo business climate index fell to 84.7 points in December, the lowest since May 2020, indicating a worsening economic outlook driven by industrial weakness and concerns about potential US trade barriers under President-elect Trump.
Ifo Index Plunges, Signaling Worsening German Economic Outlook
Germany's Ifo business climate index fell to 84.7 points in December, the lowest since May 2020, indicating a worsening economic outlook driven by industrial weakness and concerns about potential US trade barriers under President-elect Trump.
Progress
52% Bias Score
UK Private Sector Faces Steepest Job Cuts in Nearly Four Years
Britain's private sector experienced its steepest job cuts in nearly four years during December 2024, according to S&P Global Flash UK PMI data, with service sector job losses the most significant due to unfilled vacancies and increased employment costs; while the Composite Output Index remained at ...
UK Private Sector Faces Steepest Job Cuts in Nearly Four Years
Britain's private sector experienced its steepest job cuts in nearly four years during December 2024, according to S&P Global Flash UK PMI data, with service sector job losses the most significant due to unfilled vacancies and increased employment costs; while the Composite Output Index remained at ...
Progress
48% Bias Score
UK Job Vacancies Plummet 26%, Raising Recession Fears
Reed, a major UK recruitment firm, reports a 26% year-on-year fall in job vacancies by November, suggesting a possible recession as the economy shrank in September and October; Unemployment rose to 4.3% in September, and the government's recent tax increase on employers is blamed for the decline.
UK Job Vacancies Plummet 26%, Raising Recession Fears
Reed, a major UK recruitment firm, reports a 26% year-on-year fall in job vacancies by November, suggesting a possible recession as the economy shrank in September and October; Unemployment rose to 4.3% in September, and the government's recent tax increase on employers is blamed for the decline.
Progress
48% Bias Score
UK Economy Contracts for Second Straight Month
Britain's economy shrank 0.1% in October, marking the first back-to-back monthly falls since the start of the COVID-19 pandemic, impacting new finance minister Rachel Reeves, and defying economists' predictions of 0.1% growth.
UK Economy Contracts for Second Straight Month
Britain's economy shrank 0.1% in October, marking the first back-to-back monthly falls since the start of the COVID-19 pandemic, impacting new finance minister Rachel Reeves, and defying economists' predictions of 0.1% growth.
Progress
44% Bias Score
Bundesbank drastically cuts German growth forecasts
Germany's central bank, the Bundesbank, slashed its economic growth forecasts for 2025 and 2026 to 0.2% and 0.8%, respectively, citing persistent economic headwinds, structural problems, and a sharp decline in October exports (down 2.8% from September).
Bundesbank drastically cuts German growth forecasts
Germany's central bank, the Bundesbank, slashed its economic growth forecasts for 2025 and 2026 to 0.2% and 0.8%, respectively, citing persistent economic headwinds, structural problems, and a sharp decline in October exports (down 2.8% from September).
Progress
40% Bias Score
"Germany's Economy Faces Recession Amidst Industrial Crisis and Political Uncertainty"
"Germany's leading economic institutes predict a 0.1-0.2% GDP contraction in 2024, primarily due to industrial weakness caused by rising costs, global competition, and political instability following the November 2023 collapse of the governing coalition; growth in 2025 is projected to be weak at bes...
"Germany's Economy Faces Recession Amidst Industrial Crisis and Political Uncertainty"
"Germany's leading economic institutes predict a 0.1-0.2% GDP contraction in 2024, primarily due to industrial weakness caused by rising costs, global competition, and political instability following the November 2023 collapse of the governing coalition; growth in 2025 is projected to be weak at bes...
Progress
40% Bias Score
German Corporate Insolvencies Surge 24.3% in 2024
Germany experienced a 24.3% increase in corporate insolvencies in 2024, totaling 22,400, primarily due to economic stagnation, weak domestic demand, and global trade slowdown, resulting in €56 billion in creditor losses and 320,000 job losses.
German Corporate Insolvencies Surge 24.3% in 2024
Germany experienced a 24.3% increase in corporate insolvencies in 2024, totaling 22,400, primarily due to economic stagnation, weak domestic demand, and global trade slowdown, resulting in €56 billion in creditor losses and 320,000 job losses.
Progress
48% Bias Score
Fed to Cut Rates Despite Sticky Inflation
The Federal Reserve is likely to cut interest rates by 0.25% on Wednesday, balancing concerns about sticky inflation (CPI 2.7%, PPI 3.0%) with a softening labor market (unemployment rate at 4.2%) and the belief that monetary policy remains restrictive despite 3.3% GDP growth. The decision will be fo...
Fed to Cut Rates Despite Sticky Inflation
The Federal Reserve is likely to cut interest rates by 0.25% on Wednesday, balancing concerns about sticky inflation (CPI 2.7%, PPI 3.0%) with a softening labor market (unemployment rate at 4.2%) and the belief that monetary policy remains restrictive despite 3.3% GDP growth. The decision will be fo...
Progress
32% Bias Score
Germany Faces Second Recession as Bundesbank Slashs Growth Forecasts
Germany's Bundesbank sharply reduced its economic growth forecasts for 2024 and 2025 to -0.2% and 0.2% respectively, citing structural problems and global protectionism as major concerns, marking a second consecutive year of recession.
Germany Faces Second Recession as Bundesbank Slashs Growth Forecasts
Germany's Bundesbank sharply reduced its economic growth forecasts for 2024 and 2025 to -0.2% and 0.2% respectively, citing structural problems and global protectionism as major concerns, marking a second consecutive year of recession.
Progress
24% Bias Score
Bundesbank sharply cuts German growth forecast, predicts recession
The Bundesbank drastically lowered its German economic growth forecast for 2024 to a 0.2% contraction and 0.2% for 2025, citing persistent economic headwinds, structural problems, and potential global protectionism as key factors, while predicting inflation to gradually decline to 2% by 2026.
Bundesbank sharply cuts German growth forecast, predicts recession
The Bundesbank drastically lowered its German economic growth forecast for 2024 to a 0.2% contraction and 0.2% for 2025, citing persistent economic headwinds, structural problems, and potential global protectionism as key factors, while predicting inflation to gradually decline to 2% by 2026.
Progress
44% Bias Score
German Economy Stagnates; Growth Dependent on Structural Reforms
Germany's economy is stagnating, with GDP projected to be unchanged in 2025 after a 0.2% decline in 2024 and minimal growth in 2025, according to leading economic institutes. Rising unemployment and restrained consumption are contributing factors, with the future trajectory dependent on whether stru...
German Economy Stagnates; Growth Dependent on Structural Reforms
Germany's economy is stagnating, with GDP projected to be unchanged in 2025 after a 0.2% decline in 2024 and minimal growth in 2025, according to leading economic institutes. Rising unemployment and restrained consumption are contributing factors, with the future trajectory dependent on whether stru...
Progress
48% Bias Score
UK Business Confidence Collapses After Reeves' Tax Hikes
Rachel Reeves' October Budget tax increases caused UK business optimism to plummet to a two-year low in November, triggering decreased hiring and economic output shrinkage, as reported by BDO and the REC.
UK Business Confidence Collapses After Reeves' Tax Hikes
Rachel Reeves' October Budget tax increases caused UK business optimism to plummet to a two-year low in November, triggering decreased hiring and economic output shrinkage, as reported by BDO and the REC.
Progress
72% Bias Score