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Tag: Recession

Growth figures for the fourth quarter indicated the recession prevailing in Europe and Japan

Europe Last week’s biggest news was the publication of the fourth quarter’s growth data. We briefly note that a sharper than expected contraction was recorded in Germany (-0.6% in quarterly terms), France (-0.3%), Spain (-0.7%) and Italy (-0.9%). We note

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Global Economy: Improvement in U.S. & China, Recession in Europe & Japan

Last week was characterized by the PMI (Purchasing Managers’ Indices) published worldwide. The Global manufacturing PMI rose slightly in December to a level of 49.8. While the PMI indicates expectations for further industrial expansion in the U.S. and in China,

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