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The early 1980s recession was a severe economic recession that affected much of the world between approximately the start of 1980 and 1982. [2] [1] [3] Long-term effects of the early 1980s recession contributed to the Latin American debt crisis, long-lasting slowdowns in the Caribbean and Sub-Saharan African countries, [3] the US savings and loan crisis, and a general adoption of neoliberal ...
The West German economy did not grow as fast or as consistently in the 1960s as it had during the 1950s, in part because such a torrid pace could not be sustained, in part because the supply of fresh labor from East Germany was cut off by the Berlin Wall, built in 1961, and in part because the Bundesbank became disturbed about potential ...
Orders have now fallen for six months in a row, the worst run since the early 1990s. [23] The German Chamber of Industry and Commerce warned of up to 200,000 job losses in coming months. [14] German retails sales fell 1.4 percent in June more than any expectations. [24] The German economy declined by 0.5 percent in the second quarter. [5]
The BDI says Germany has once again become one of the EU's economic laggards amid a six-year decline in country's industry. ... The BDI warns that Germany’s economy could contract by 0.5% rather ...
The 1980s (pronounced "nineteen-eighties", shortened to "the '80s" or "the Eighties") was the decade that began on 1 January 1980, and ended on 31 December 1989.. The decade saw a dominance of conservatism and free market economics, and a socioeconomic change due to advances in technology and a worldwide move away from planned economies and towards laissez-faire capitalism compared to the 1970s.
The German government on Wednesday slashed its 2025 growth forecast for the country's economy, Europe's biggest, to just 0.3% after it shrank for two consecutive years. The new projection is much ...
In the span of just about a year and a half, the Federal Open Market Committee (FOMC) lifted interest rates 11 times, bringing its key federal funds rate to a target range of 5.25-5.5 percent ...
By the mid-1980s, the crisis had reached its peak. Land prices had fallen dramatically leading to record foreclosures. Farm debt for land and equipment purchases soared during the 1970s and early 1980s, doubling between 1978 and 1984. Other negative economic factors included high interest rates, high oil prices and a strong dollar. Record ...