Sanction-hit Russian economy nears recession

"The economy is close to recession," said Oleg Zasov, the head of forecasting at the economy ministry, according to Russian news agencies.

Belgium on the brink of recession as Q4 output falls

BRUSSELS: Belgium's economy contracted in the fourth quarter, preliminary data from the central bank showed on Wednesday, leaving the country close to a technical recession.

UK Economy Continued To Contract In Three Months To January-NIESR

LONDON -(Dow Jones)- The U.K economy continued to contract in the three months to the end of January and is expected to be flat for the remainder of the year, an independent economic research group said Thursday.