Economic growth news and stories by mail.com

Economic growth

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, ...
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.
A look at Greece's key financial figures
European and global financial leaders agreed Tuesday to release €44 billion ($57 billion) in critical loans to Greece and provide billions in debt ...
As eurozone economy shrinks, govt debt loads grow
Europe's government-debt crisis is no longer panicking financial markets. But it won't end until the region's economy starts growing strongly again.
Glum Spain hosts summit for booming Latam nations
In an historic role reversal, recession-hit Spain and Portugal on Friday courted the Latin American leaders of their former colonies, countries that ...
Smaller companies key to Latin American growth
Small and medium-sized companies in Latin America could play a key role in strengthening and consolidating the region's economic growth, which this ...
Oil falls on economic worries
Oil prices fell below $86 a barrel Thursday as investors focused on global economic issues, including the so-called "fiscal cliff" in the U.S.
Eurozone slides back into recession
The 17-country eurozone has fallen back into recession for the first time in three years as the fallout from the region's financial crisis was felt ...
France avoids recession; GDP up 0.2 pct in Q3
France narrowly avoided falling into recession in the third quarter, official figures showed Thursday, but analysts warn the rebound may be ...
German growth slows to 0.2 pct in 3rd quarter
The German economy, Europe's largest, grew by 0.2 percent in the third quarter — slowing a little further as the continent struggles with its ...
German investor confidence drops unexpectedly
German investor confidence in Europe's largest economy slipped unexpectedly this month over worries that growth will cool over the next six months, ...
After 3 bumpy years, Europe turns corner on crisis
The worst of Europe's financial crisis appears to be over. European leaders have taken steps to ease the panic that has plagued the region for three ...
ECB president warns on economic growth
European Central Bank President Mario Draghi has warned that the economy of the 17 countries that use the euro remains weak and will struggle to grow ...
Oil falls to lowest level since July
The price of oil tumbled nearly 5 percent Wednesday, its biggest decline of the year, as traders shifted their focus back to the struggles of the ...