Germany's economy is quickly declining despite the belief of Angela Merkel's team there is no crisis striking her country as the German manufacturing sector continues to contract with no signs of recovery, economic expert Shweta Singh warned.
A recession in Germany’s manufacturing sector worsened in July with the performance of goods producers dropping to the lowest level in seven years, a survey showed on Wednesday, suggesting a deteriorating growth outlook for Europe’s largest economy.
Activity in Germany’s services and manufacturing sector edged higher in June, a survey showed on Friday, suggesting that growth in Europe’s biggest economy has stabilized at a moderate pace in the second quarter.
Following a resounding victory at India’s parliamentary elections, Prime Minister Narendra Modi needs to improve the country’s manufacturing competitiveness to attract global investors, according to a top business leader.
Activity in China's manufacturing sector contracted for the first time in more than two years in the month of December amid a domestic economic slowdown and Beijing's ongoing trade dispute with the US.
Smartphone-maker Lava is a small player in India’s booming mobile communications industry, but it has become a poster child for Prime Minister Narendra Modi’s ambitious effort to make India a global hub for electronics manufacturing.