According to the data, real GDP fell 0.7% quarter-on-quarter in seasonally adjusted terms, compared with growth of 0.7% in the previous quarter. In late April, the National Bank of Ukraine cut its ...

Cape Verde's public debt declined to 100.7% of GDP in 2025, marking its lowest level since 2013, according to the World Bank. Strong fiscal performance and robust nominal GDP growth drove the decline, ...

KUWAIT: Preliminary official estimates show GDP declined 4.6 percent y/y in Q1 2026 amid a contraction in oil GDP linked to lower crude production related to the US-Iran war. Non-oil GDP recorded ...

MEXICO CITY, July 23 (Reuters) - Mexico's economy contracted in May from April, official data showed on Thursday, fueling caution about the country's situation as the primary and secondary sectors ...

A contraction is the phase of the business cycle when the economy declines, often with falling real GDP and rising unemployment, moving from peak toward trough (expansion, peak, contraction, trough).

OTTAWA, May 29 (Reuters) - Canada's economy posted a surprise contraction in ⁠the ⁠first quarter versus the year before, making ⁠it two straight quarters of annualized decline - which some economists ...

The U.K. GDP fell 0.1% in April as companies cited pressure from the Iran war. The print follows growth of 0.3% in March, 0.4% in February and no growth in January. "Skyrocketing fuel costs have ...

ST. PETERSBURG, July 1. /TASS/. The share of fuel and energy segment in the national GDP dropped to 13% from previous 18-20%, Russian Deputy Prime Minister Alexander Novak said at the Financial ...