Germany is in a slump, so Berlin is getting ready for a fight over budget cuts.

For the first time in almost a decade, Europe's biggest economy has money problems, and it's up to three fighting parties to fix them.

Official numbers released Thursday show that Germany is now in a recession. During the first quarter of the year, the country's gross domest...

These nations want to end the global 'poly crisis' by focusing on factors other than gross domestic product.

The global standard for measuring economic health has become inadequate for a rising number of countries. Finland, Iceland, Scotland, Wales, and New Zealand are all part of the Wellbeing Economy Governments cooperation, which is led by a majority of women. As it grows in size over the next severa...

JAPAN’S ECONOMY SHRANK IN JAN-MARCH PERIOD BY 3.9 PERCENT

Highlights –

• Japan’s economy shrank in Jan-March period by 3.9 percent.
• Real gross domestic product contracted 1.0 percent from the previous quarter.
• Government spending dropped 1.1 percent.
• Capital expenditure decrea...

JAPAN’S HOUSEHOLD SPENDING ROSE 13.0 PERCENT IN APRIL

Highlights –

• Japan’s household spending rose 13.0 percent in April.
• Households with two or more people spent an average $2,700 in real terms.
• Seasonally adjusted spending inched up 0.1 percent from March.
• Outlays for ...

S. KOREAN ECONOMY IS ESTIMATED TO RANK 10TH IN THE WORLD IN 2020

Highlights –

• S. Korean economy is estimated to rank 10th in the world in 2020.
• OECD said the nominal GDP of the country was estimated at around $1.62 trillion in 2020.
• S. Korea’s nominal GDP is said to be slightly higher than th...

JAPAN’S ECONOMY GREW 11.7 PERCENT IN OCT-DEC 2020

Highlights –

• Japan’s economy grew 11.7 percent in Oct-Dec 2020.
• The country’s real GDP expanded by a double-digit percentage for the 2nd quarter.
• Private consumption remained unchanged from rises of 2.2 percent.

S. KOREA REPORTS ITS GDP TO HAVE SHRUNK 1 PERCENT IN 2020

Highlights –

• S. Korea reports its GDP to have shrunk 1 percent in 2020.
• The country’s economy is said to have been the worst in 2020.
• The BOK last year had forecasted a 1.3 percent contraction in the economy.
• The coun...

JAPAN FORECASTS ECONOMIC GROWTH FOR FISCAL 2021 AT 4.0 PERCENT

Highlights –

• Japan forecasts economic growth for fiscal 2021 at 4.0 percent.
• A public spending policy package of $710 billion has been implemented by the Cabinet Office.
• The Cabinet Office estimated the country's GDP to likely shr...

JAPAN SHOWED AN UPGRADE IN ITS ECONOMY IN JULY-SEPTEMBER PERIOD BY 22.9%

Highlights –

• Japan showed an upgrade in its economy in July-September period by 22.9%.
• The country’s GDP was upgraded from the preliminary figure of 21.4%.
• The total value of goods and services after adjustment rose for the firs...

JAPAN ECONOMY LIKELY TO HAVE GROWN IN JULY-SEPT. PERIOD BY 18.03 PERCENT

Highlights –

• Japan's economy likely to have grown in July-Sept. period by 18.03 percent.
• Economists reported a sharp rebound from the previous quarter’s GDP.
• Japanese Cabinet Office to release preliminary GDP data for July-S...

JAPAN’S REVISED GDP FOR APRIL-JUNE PERIOD SHRANK BY 28.1 PERCENT IN FISCAL 2020

Highlights –

• Japan’s revised GDP for April-June period shrank by 28.1 percent in fiscal 2020.
• Capital expenditure dropped by 4.7 percent from the previous quarter.
• The exports of goods and services dropped by 18.5 percent.
...

MACHINERY ORDERS IN JAPAN DROPPED BY 7.6 PERCENT IN JUNE

Highlights –

• Machinery orders in Japan dropped by 7.6 percent in June.
• The orders totalled to $6.7 billion, lowest since February 2013.
•  Orders from overseas dipped by 3.9 percent.
• Capital expenditure slid by 1.5 perc...

JAPAN CONCERNED ABOUT ECONOMIC RECOVERY AMID A POSSIBLE SECOND WAVE OF VIRUS

Highlights –

• Japan concerned about economic recovery amid a possible second wave of the virus.
• A government data published on Monday showed that the country’s GDP shrank by 27.8 percent.
• Private consumption sank by 8.2 percent....

JAPAN REPORTS SHRINK IN THE ECONOMY FOR THE SECOND QUARTER OF FISCAL 2020

Highlights –

• Japan reports shrink in the economy for the second quarter of fiscal 2020.
• The economy shrank by 27.8 percent from the previous quarter.
• Exports dropped by 18.5 percent, imports dropped by 0.5 percent.
• The rev...

TOKYO STOCKS FALL ON MONDAY; JAPAN’S GDP FALLS

Highlights –

• Tokyo Stocks fall on Monday; Japan's GDP falls.
•  225-issue Nikkei Stock Average dropped by 144.08 points.
• Topix index fell by 6.29 points.
• Fujitsu shares fell by 220 yen, or 1.5 percent, to 14,045 yen...

JAPAN'S ECONOMY IS PROJECTED TO HAVE SHRUNK BY 26.59 PERCENT IN APRIL – JUNE

Highlights –

• Japan's economy is projected to have shrunk by 26.59 percent in April – June.
• Economists are predicting an average contradiction of 7.41 percent in the country’s GDP.
• Private consumption is expected ...

HOUSEHOLD SPENDING IN JAPAN FELL BY 1.2 PERCENT IN JUNE

Highlights –

• Household spending in Japan fell by 1.2 percent in June.
• In a household of two or more people spending was reported to be $2,600 in the month.
• Japan’s consumption tax rate was raised from 8 percent to 10 percent.

JAPAN’S CABINET OFFICE FORECASTS THE COUNTRY’S ECONOMY TO CONTRACT BY 4.5%

Highlights –

• Japan’s cabinet office forecasts the country’s economy to contract by 4.5%.
• GDP for the year through next year was revised downward.
• The country’s economy is said to have been impacted due to the COVID-1...

RETAIL SALES AND BUSINESS ACTIVITY INCREASE IN UK

HIGHLIGHTS

• Consumer spending has recovered near pre-pandemic levels but recession still in UK.
• At the fastest pace in five years, UK private sector business activity grew in JUL 2020.

British economy can hope for a rapid recovery fro...

BRITAIN’S GROSS DOMESTIC PRODUCT STARTING TO RECOVER

Highlights –

• Britain’s Gross Domestic Product starting to recover.
• The GDP slumped in the month of April by 20.3% but rose by 1.8% in May.
• In May and June, private sector data showed some signs of recovery.
• The econo...