CNN (January 15)
“Germany’s economy shrank last year for the first time since the onset of the Covid-19 pandemic… increasing the risk of an economic contraction in the wider euro area.” GDP dropped 0.3%, both during 2023 overall and during Q4. “The data bodes ill for the entire area that uses the euro because Germany is the largest of its 20 economies.”
Reuters (April 28)
“Global shipments of smartphones shrank 3 percent in the first quarter from a year earlier in the market’s first year-on-year contraction on record…reflecting growing strains on the industry.” Q1 shipments dropped to 334.6 million devices from 345 million in 2015.
Tags: Contraction, Industry, Q1, Record, Shipments, Shrank, Smartphones, Strains