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by Michelle Fitzpatrick Agence France Presse FRANKFURT AM MAIN, Germany (AFP) — Germany will find out on Tuesday if Europe’s top economy ended 2018 in a technical recession, with fears over slowing momentum fuelling calls for Berlin to use its fiscal leeway to bolster growth. Federal statistics office Destatis will publish a preliminary estimate of Germany’s fourth quarter and full-year gross domestic product figures for 2018, data closely watched across the eurozone for signs […]
SYDNEY, Australia (AFP) — Australia marked a world-record 26 years without a recession Wednesday, as the economy grew 0.3 percent in the first-quarter, official data showed. The Australian Bureau of Statistics put the annual rate of growth at 1.7 percent, down from 2.4 percent in the previous three months. The soft quarterly reading was widely expected by analysts amid the impact of category four Cyclone Debbie on eastern Australia in late March, weaker trade figures […]
(Reuters) Brazil’s leftist President Dilma Rousseff suffered a humiliating loss in a crucial impeachment vote in the lower house of Congress on Sunday and is almost certain to be forced from office months before the nation hosts the Olympics. Fireworks lit up the night sky in Brazil’s megacities of Sao Paulo and Rio de Janeiro after the opposition comfortably surpassed the two-thirds majority needed to send Rousseff for trial in the Senate on charges […]
