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Economic growth

German economy shrank in Q4 in face of euro crisis
Germany's economy has fallen victim to economic problems hitting the rest of the eurozone and shrank in the fourth quarter of 2012, preliminary ...
Oil slips below $94 on lower growth in Germany
The price of oil slipped below $94 a barrel Tuesday due to concerns about weakening economic growth in Germany and expectations of a rise in U.S.
Markets temper enthusiasm after Japan stimulus
World markets see-sawed Friday between hope and concern for the world economy, as investors weighed a massive spending package meant to reinvigorate ...
Draghi says eurozone not past turning point yet
European Central Bank President Mario Draghi says the euro area's struggling economy is showing early signs of improvement and should grow modestly ...
Key quotes from ECB head Draghi's press briefing
At his monthly news conference following the European Central Bank's policy-setting meeting, President Mario Draghi on Thursday answered questions ...
Rwanda gets new UN seat, but world standing falls
Rwanda has been hailed for years as a beacon of peace and economic growth in its post-genocide period, and on Jan. 1 it took a prestigious seat on the ...
Germany: economy grew by 0.75 percent last year
Germany's vice chancellor says the country's economy, Europe's biggest, grew by 0.75 percent last year and recent data send upbeat signals for growth ...
UK downgrades Q3 GDP growth to 0.9 percent
The growth in Britain's economy for the third quarter has been revised down from 1 percent to 0.9 percent, the U.K's official statisticians say.
Finland lowers economic growth forecasts
Finland expects economic contraction this year and little improvement in 2013 as the export-dependent country continues to suffer from reduced demand ...
Oil below $87 as US fiscal concerns drag on
The price of oil hovered below $87 a barrel Monday as uncertainty over a deal on the U.S. budget overshadowed expectations of economic stimulus in ...
Trim gender gap to boost economies, OECD says
Governments looking to boost growth should focus on further narrowing the "gender gap" that continues to hold women back in education, employment and ...
S&P puts UK's AAA rating on negative watch
The Standard & Poor's rating agency has put Britain's AAA long-term credit rating on negative watch because of fears that economic growth over the ...
US airlines to lead industry recovery in profits
U.S. airlines will lead a recovery in the global sector's profits next year, mainly thanks to cost cuts and restructuring measures taken to address ...
OPEC keeps output target on hold amid weak economy
OPEC ministers agreed to keep their daily crude production target unchanged at a meeting Wednesday. But in a sign of internal rivalries, they failed ...
China November trade weak in challenge to economy
China's trade weakened sharply in November, adding to challenges for the world's second-largest economy as a gradual recovery takes shape.
Portugal GDP shrinks 3.5 percent year-on-year
Portugal's economy shrank by 3.5 percent year-on-year in the third quarter and decreased by 0.9 percent compared to the previous three months.
German central bank cuts 2013 growth forecast
Germany's central bank sharply cut its 2013 economic growth forecast to 0.4 percent on Friday, while poor industrial production figures underlined ...
ECB cuts growth outlook for eurozone, holds rates
The European Central Bank warned of another gloomy year for the 17 European Union countries that use the euro, cutting its forecast for economic ...
ECB President Mario Draghi's speech
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 ...
UK Treasury chief juggles budget as outlook dims
Britain's Treasury chief George Osborne said Wednesday that the recovery of the U.K. economy is taking longer than he had hoped and warned more ...
AP IMPACT: China overtaking US as global trader
Shin Cheol-soo no longer sees his future in the United States. The South Korean businessman supplied components to American automakers for a decade.
Cyprus rushes adoption of austerity measures
Cyprus' finance minister urged lawmakers Friday to approve a first batch of spending cuts and tax hikes agreed with international creditors by Dec.
Poland's economy grows 1.4 percent in 3Q
Poland registered a sharp slowdown in its economy when it revealed that its economic output had dropped for the third quarter in a row. The country, ...
India growth stuck at 3-year low as reforms stall
India's economic growth slid to 5.3 percent in the September quarter, stuck at its lowest levels in three years as New Delhi struggles to enact ...
Oil below $87 after OECD cuts growth forecasts
The price of oil fell below $87 a barrel Wednesday after the Organization for Economic Cooperation and Development cut its growth outlook for the U.S.