Political instability hit Turkey's economy hard. However, the fall in the value of the Turkish currency, the Lira, has actually acted as a stimulus to consumer spending. Now the country's economy is climbing once again.
Europe's biggest economy shrank 0.2 percent in the third quarter compared to the previous period. Economists are not worried and believe it is just a temporary slip.
A government report says Britain risks severely damaging its economy if lawmakers fail to approve a proposed Brexit deal. Staying in the European Union would be a far better option, the UK's treasury chief argued.
Under a new economic program, Turkey wants to cut its growth sharply and promised to curb public spending, as it seeks to avoid a full-blown economic crisis fueled by massive inflation and a plunging currency.
The economic upturn in Germany is weakening, according to the country’s leading council of experts, who have lowered their outlook. Uncertainty about global economics was part of the group’s reasoning.
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