Economic growth news and stories by mail.com

Economic growth

German consumer confidence edging higher
Consumer confidence in Germany is edging higher as shoppers feel more optimistic about the economic outlook, according to a survey published Wednesday ...
Moody's downgrades UK rating from AAA to AA1
Credit ratings agency Moody's Investors Service downgraded Britain's government bond rating one notch from the top AAA to AA1 Friday, saying sluggish ...
EU says eurozone economy to shrink again in 2013
The European Union predicted Friday that the economy of the 17 member countries that use the euro will shrink again in 2013 even though it will see ...
Italian traditions provide buffers to the crisis
Self-made Italians like Amedeo Tartarini never expected to need help. Tartarini's goldsmith business thrived for decades in Italy's postwar boom.
Hollande says France to miss 2013 growth target
France's economy, Europe's second-biggest, will grow by less than previously thought in 2013, President Francois Hollande confirmed Tuesday. While on ...
ECB's Draghi pushes for European bank bailout fund
European Central Bank President Mario Draghi said Monday the 17-country eurozone must move swiftly to set up a joint fund to restructure and wind down ...
Bundesbank: German economy to avoid recession
German's central bank says the country's economy is on track to avoid a recession as it shows signs of growth in the first three months of the year.
Oil struggles as GDP falls in Germany, eurozone
The price of oil hovered around $97 a barrel on Thursday after fresh data showed that the economies of the 17 countries sharing the euro currency ...
German economy shrank in Q4 as exports slump
The German economy shrank by a larger-than-expected 0.6 percent in the final quarter in 2012, official figures showed Thursday, in a clear sign that ...
French economic growth grounds to halt
New figures show French economic growth last year ground to a halt, with GDP contracting to a flat 0 percent. The French government numbers Thursday ...
EU leaders agree to $1.28 trillion 7-year budget
European Union leaders agreed Friday to a significantly reduced 7-year budget worth €960 billion ($1.28 trillion) — the first cut in spending in the ...
EU leaders battle over budget at tough summit
European Union leaders defended their hard lines as they dragged a summit to decide EU spending for the next seven years into early Friday, laying ...
Ireland seals ECB deal to slash bank bailout costs
Ireland clinched a long-sought agreement Thursday with the European Central Bank to restructure the loans used to bail out its failing banks, a deal ...
Text of statement by ECB President Mario Draghi
Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to our press conference. We will now report on the outcome of today's ...
India forecasts weakest growth in a decade
India forecast economic growth to slow to 5 percent for the fiscal year ending in March, the worst performance in a decade for Asia's third-largest ...
Report: US job market looks surprisingly strong
The U.S. job market is proving surprisingly strong and raising hopes that the economy will be resilient enough this year to withstand a budget ...
IMF tells Romania to push on with reforms
The International Monetary Fund has called on the Romanian government to implement deeper structural reforms and to apply for more European Union ...
Poland's economic growth slowed to 2 pct. in 2012
Government statistics show that Poland's economic growth likely slowed to 2 percent in 2012, down from 4.3 percent the year before, underlying ...
India cuts key interest rate by quarter point
India's central bank cut its key interest rate by a quarter percentage point to 7.75 percent Tuesday, aiming to boost flagging growth in Asia's ...
Asia stocks rise as Wall Street flirts with highs
Asian stock markets posted modest gains Tuesday as the feel-good factor lingered from near-record highs on Wall Street and signs of an upswing in U.S.
Fragile economy, other global woes dominated Davos
The fragile state of the world economy, along with the relentless turmoil in Syria and the rocky fallout from the Arab Spring, dominated discussions ...
Davos summit ends with warnings on global economy
The crisis mood is gone, but that doesn't mean you can slip back into your old ways — that's the message from top international finance officials ...
China could prove ultimate winner in Afghanistan
China, long a bystander to the conflict in Afghanistan, is stepping up its involvement as U.S.-led forces prepare to withdraw, attracted by the ...
Official: China recovering from 'soft landing'
China's economy is now recovering from a "soft landing," but the big challenge in 2013 will be to prevent overheating while still promoting growth, ...
Eurozone debt burden stuck amid low growth
The eurozone failed to reduce its government debt in the third quarter of last year, as meager growth offset efforts by several of the bloc's 17 ...