stagnation

Continuous Decline: New Zealand Faces Record Manufacturing Shrinkage

3 months ago

New Zealand is experiencing a continuous decline in its manufacturing sector, stretching for 18 consecutive months, marking an unprecedented case in the country's history. Recent survey data reveal that various factors, including global economic fluctuations, changes in demand, and internal challenges, have contributed to this prolonged stagnation. Local producers are facing rising raw material costs, complicating their ability to compete in the international market.

Unexpected Results: UK Economy Stagnates for a Second Consecutive Month

3 months ago

The UK economy unexpectedly entered a state of stagnation for the second consecutive month, as fresh data for July was published. Despite previous forecasts predicting modest growth, the actual results turned out significantly worse than expected. This reflects the complex economic landscape the country is facing amid various internal and external challenges.

Consumer Pessimism in Australia Persists Amid Economic Stagnation

3 months ago

Recent data released in Australia indicates a growing pessimism among consumers, raising serious concerns about the state of the national economy. A survey conducted by Westpac showed that consumer confidence has reached a record low, suggesting tough times ahead for the country's economy. In fact, the Consumer Confidence Index fell by 5.3% in September compared to the previous month, marking the largest drop in recent months.