Monthly archive May, 2021

The euro area economy re-entered recession in the first quarter, as initially estimated, due to the restrictions imposed to contain the spread of the Covid-19 pandemic. Gross domestic product contracted 0.6 percent from the fourth quarter, when GDP was down Read More →

The Philippine economy continued to contract in the first quarter as the nation imposed strict restrictions to bring the coronavirus pandemic under control. Gross domestic product fell 4.2 percent in the first quarter from the last year, the Philippine Statistics Read More →

Malaysia's economy contracted at a slower pace in the first quarter underpinned by the improvement in domestic demand and exports. Gross domestic product declined 0.5 percent annually in the first quarter, but slower than the 3.4 percent decrease seen in Read More →

German economic confidence reached its highest level in more than two decades in May as the slowing down of the third COVID-19 wave made financial market experts more optimistic, survey data from the ZEW - Leibniz Centre for European Economic Read More →

The UK economy contracted in the first quarter as school closures and a large fall in retail sales earlier in the quarter dragged down growth, the Office for National Statistics reported Wednesday. Gross domestic product shrank 1.5 percent sequentially, reversing Read More →

Euro area industrial production increased in March after falling in the previous month, led by growth in all categories, preliminary data from Eurostat showed Wednesday.Original Article Read More →