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Japan & UK just slipped into technical recession, Germany likely - February 15, 2024+

sharon sanders

sharon sanders

Editor-in-Chief & President
The real title should be "The US government data shows the US economy is booming....."


The US economy is booming — but Japan and the UK just slipped into recession. Here's why.

George Glover
Feb 15, 2024, 11:44 AM EST​
  • Two of the world's biggest economies are officially in recession, per new figures published Thursday.
  • Japan posted a surprise contraction in GDP, dragged down by its weak currency and aging population.
  • Meanwhile, UK growth shrank for the second straight quarter — just months ahead of a key election.
​
source... https://www.businessinsider.com/recession-outlook-japan-uk-low-growth-yen-pound-rishi-sunak-2024-2
 
Germany likely in recession, Bundesbank says

Reuters
February 19, 20246:10 AM ESTUpdated 3 days ago​

FRANKFURT, Feb 19 (Reuters) - Germany is likely in recession now as external demand is weak, consumers remain cautious and domestic investment is held back by high borrowing costs, the Bundesbank said in a regular monthly report on Monday about Europe's biggest economy.

more... https://www.reuters.com/markets/europe/germany-likely-recession-bundesbank-says-2024-02-19/
​
 
China Tightens Grip on Stocks With Net Sale Ban at Open, Close
  • CSRC bans net selling by major firms in first, last 30 minutes
  • Regulator is creating a task force to track short selling
​
By Bloomberg News
February 21, 2024 at 5:26 AM EST


China has banned major institutional investors from reducing equity holdings at the open and close of each trading day, part of the government’s most forceful attempt yet to prop up the nation’s $8.6 trillion stock market.
​
more... https://www.bloomberg.com/news/arti...rip-on-stocks-with-net-sale-ban-at-open-close
 
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