Economic Growth: The euro area expands, but the gains are uneven.Gross domestic product in the eurozone grew 0.3 percent in the second quarter of 2023, a stronger result than predicted by economists. But the recovery, after zero growth in the first quarter, was not consistent across countries.Germany, Europe’s largest economy, stagnated in the second quarter and prospects for a recovery throughout the year remain low, as many of the country’s heavy industries rely on energy and have suffered from the price increases triggered by the war in Ukraine.“The main cause for concern is the industrial sector, where despite dwindling supply chain problems, production continues to tread water and we see a downward trend on the intake of new orders,” said Fritzi Köhler-Geib …
Browse
Business Central
Accelerate growth with 1BusinessWorld's Global Business Profile
Sign up for free or use coupon code 1BW50 for 50% discount on your subscription
Sign up nowLatest Business News
- Precision Health and the Future of Wearable Technology (11/10/2024) - Leon Eisen on Precision Health: A Roadmap for Investors in… Read more...
- Revolutionizing Healthcare Access in Latin America: A New Model for Precision Health (11/10/2024) - Integrating advanced healthcare into communities, this innovative approach redefines wellness,… Read more...
- Precision Medicine Breakthroughs in Autoimmune and Inflammatory Disease Care (11/6/2024) - Leveraging RNA Analytics and AI to Deliver Personalized, Effective Treatments… Read more...
- AI’s Role in Building a Better Business World—and a Better World Altogether (11/6/2024) - How Responsible AI Adoption is Shaping a Resilient, Inclusive, and… Read more...
- Pioneering Autonomy in Regenerative Medicine Manufacturing (11/5/2024) - How AI Is Scaling Autologous Cell Therapies to Reach Millions… Read more...
- DEI as a Strategic Growth Engine (11/5/2024) - The Strategic Imperative: How DEI Excellence Drives Market Leadership The… Read more...