Recession

FILED - 19 April 2021, Hessen, Frankfurt_Main: A signpost with the words "Deutsche Bundesbank" stands outside the main gate of the Bundesbank's headquarters in Frankfurt am Main. Photo: Arne Dedert/dpa.

Economy & Business

WAR IN UKRAINE

Recession predicted in Germany if Russian energy imports stop

The Nomad Today 4/22/22

Gas supplies would be particularly hard to replace, leading to supply shortfalls

Face-mask-woman-Jumbo-Vantaa-shopping-mall-center-by-Foreigner.fi

Finland

NATIONAL ACCOUNTS

Finnish economy sees 3.3% rebound in Q3 after recession

The Nomad Today 11/27/20

Gross domestic product grew by 3.3 per cent from the previous quarter. Private consumption went up by 2.9% from the previous quarter but contracted by 3.6% from twelve months back.

Finland

NATIONAL ECONOMY

Finland emerges from recession

The Nomad Today 11/14/20

Finnish gross domestic product (GDP) increased compared to the previous quarter but is still down from one year ago.

A Neste worker at the Porvoo refinery. Photo: Neste.

Finland

PANDEMIC

Finnish economy heads for another recession quarter

The Nomad Today 10/18/20

Output of the national economy fell by 3.3% in August.

Finland

RECESSION

Finnish labor productivity stagnated

The Nomad Today 9/10/20

Annual changes in the volume of value added and hours worked were almost the same size, causing a stagnation in labor productivity. Prime Minister Sanna Marin reiterated recently her proposal…

Finland

VIDEO CONFERENCE

Nordic Council of Ministers to discuss business recovery

The Nomad Today 8/30/20

The ministers will also discuss the Nordic Smart Government project, which aims to establish an electronic business area where business information circulates securely and in real time between…

09 August 2020, Japan, Nagasaki: Japanese Prime Minister Shinzo Abe (C) attends the Nagasaki Peace Ceremony at the Peace Park, held to mark the 75th anniversary of the atomic bombing of Nagasaki in 1945 during WWII. Photo: Rodrigo Reyes Marin/dpa.

World

Japanese economy shrinks by record 27.8% amid pandemic

The Nomad Today 8/18/20

Exports of goods and services plunged 18.5%.

11 August 2020, England, Hereford: UK Prime Minister Boris Johnson (L) greets a worker with an elbow bump during a visit to the construction site of Hereford County Hospital. Photo: Matthew Horwood/dpa.

Coronavirus

UK

Britain plunges into recession after record second-quarter fall

The Nomad Today 8/12/20

The British economy contracted a record 20.4% in the second quarter.

FILED - 04 July 2011, Baden-Wuerttemberg, Karlsruhe: Euro coins lie on a Euro flag. The rate of inflation in the 19 countries of the eurozone recuperated slightly to 0.4 per cent in July, according to a first estimate from EU statistical office Eurostat. Photo:Uli Deck/dpa.

Economy & Business

RECESSION

Eurozone GDP plummets by record 12.1% in second quarter

The Nomad Today 7/31/20

The sharp decline reveals the damage sustained during three months that saw most of Europe shutter shops, restaurants and factories.

People walk by a boarded up Macy's flagship store in Herald Square on the first day of the city reopening. Photo: Ron Adar/SOPA Images via ZUMA Wire/dpa

Economy & Business

OECD: Covid-19 threatens world's worst peacetime recession in century

The Nomad Today 6/10/20

Even in the more favourable scenario, in many advanced economies, the equivalent of five years or more of per capita real income growth could be lost by 2021, the OECD warns.