All articles tagged with #economic stagnation
Originally Published 4 months ago — by Financial Times
The article discusses the reasons behind France's economic stagnation, highlighting policy challenges and structural issues that hinder growth.
Originally Published 4 months ago — by The Moscow Times
Russia's economy has entered 'technical stagnation' with growth approaching zero, driven by high interest rates, inflation, and declining oil revenues, raising concerns about a potential recession amid ongoing fiscal and geopolitical challenges.
Originally Published 4 months ago — by The Kyiv Independent
Russia's economy has entered a phase of 'technical stagnation' with near-zero growth, driven by weak private consumption, shrinking investment, and high interest rates, leading to concerns of a recession, as warned by major financial leaders and officials.
Originally Published 1 year ago — by Business Insider
A woman in Brazil was arrested for attempting to secure a loan using her dead uncle's body at a bank, raising suspicion when she tried to get him to sign the document in a wheelchair. The man was later confirmed to have been dead for several hours, leading to the woman's arrest on suspicion of theft by fraud and violating a corpse. The incident occurred amid Brazil's economic stagnation, with the country's GDP flatlining and high interest rates.
Originally Published 2 years ago — by The Guardian
Germany is facing a billion euro budget crisis after the country's highest court ruled that the government's 2024 budget violated fiscal rules. The ruling has jeopardized the coalition government under Olaf Scholz and raised fears of economic stagnation. The court's decision prevents the government from diverting €60bn of borrowing from its pandemic emergency fund into a climate and transformation fund, hindering Germany's green revolution and industrial modernization. The crisis has also cast uncertainty on future financial support for Ukraine, the EU budget, and other areas of spending. Calls for reforming the debt brake rule, which limits the government's structural deficit, are growing louder, but opposition from fiscally conservative parties poses a challenge. The government's credibility is at stake, and the country's economic stability is in danger.