After Russia’s invasion of Ukraine, Chancellor Olaf Scholz vowed a revolution in defense strategy. But the math is not adding up.
Tag: Gross Domestic Product
UK Shakes Off Recession as Economy Grows Faster Than Expected
Gross domestic product increased 0.6 percent in the first quarter, after shrinking the two previous quarters.
Britain Shakes Off Recession as Economy Grows Faster Than Expected
Gross domestic product increased 0.6 percent in the first quarter, after shrinking the two previous quarters.
Europe’s Economic Laggards Have Become Its Leaders
More than a decade after painful austerity, Greece, Portugal and Spain have been growing faster than traditional powerhouses like Germany.
What Long-Term Care Looks Like Around the World
Most countries spend more than the United States on care, but middle class and affluent people still bear a substantial portion of the costs.
China’s Economy Stumbled Last Year With Covid Lockdowns Hobbling Growth
New government data shows that growth for the year fell far short of Beijing’s goal. With Covid curbs lifted but the pandemic’s course uncertain, hope and fear cloud the forecast.
Battered and Strained by War, Ukraine’s Economy Adapts to Survive
After 10 months of Russian destruction, Ukraine’s economy shrank by 30 percent. But companies have packed up and moved, switched products and found support abroad.
Russia’s Economy Contracts Sharply as War and Sanctions Take Hold
The country’s gross domestic product from April through June declined 4 percent from a year earlier, new government data shows.
Russia’s economy contracts sharply as war and sanctions take hold.
The country’s gross domestic product from April through June declined 4 percent over last year, new government data shows.
Your Friday Briefing: Biden and Xi’s Fraught Phone Call
Also, U.S. G.D.P. declined again and an Australian law against foreign meddling will be tested.