EconomicDownturn

Germany stuck in longest recession in decades, as GDP shrinks in 2024

By Alexander Sturm and Bryn Stole, dpa. Frankfurt (dpa) – Germany’s struggling economy shrank for a second year in a row in 2024, the lengthiest recession for Europe’s largest economy [..]

Estonian merchant: Fewer home appliances bought due to difficult economic situation

The challenging economic environment has affected the purchase of home appliances and electronics as fewer purchases are being made, but when they are, they tend to be more expensive and [..]

Latvian exports of wooden furniture down 22.3% in first 11 months of 2023 – the largest number sold in Denmark

In the first 11 months of 2023, Latvia’s export of wooden furniture decreased by 22.3 percent year-on-year, with the largest number of wooden furniture still sold in Denmark, according to [..]

Economic forecasts anticipating 2 pct GDP decline for Estonia this year

Estonia’s major economic forecasts for this year predict a gross domestic product (GDP) decline of around 2 percent. According to the most recent economic forecast by the Bank of Estonia, [..]