Germany posts worst contraction since global crisis
15 May 2020 01:59 PM |
Initial data published today shows that the German economy fell into recession after experiencing the worst quarterly contraction since the 2009 financial crisis, as shops and factories closed in mid-March to combat the spread of the coronavirus.
Pandemic drives Japan’s machine tool orders to lowest level in 10 years
14 May 2020 02:13 PM |
initial data for April released today shows that Japanese machinery tool orders fell to their lowest level in more than a decade, indicating that the coronavirus pandemic is causing heavy losses in the economy.