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Economic growth

German government raises 2013 growth outlook
The German government on Thursday raised slightly its growth forecast for this year, though it still expects Europe's biggest economy to expand by ...
European austerity yields meager results in 2012
The austerity pain pursued by a number of European countries led to very little gain in 2012. Figures Monday from Eurostat, the European Union's ...
World finance leaders say growth still weak
While world finance leaders say the global economy has improved slightly this year, they said the outlook for the future was uneven with growth and ...
Oil up to near $88, rebounding on US supply drop
The price of oil rose to near $88 a barrel Thursday as an unexpected drop in U.S. stockpiles of crude triggered a modest recovery from a sharp ...
German economy seen bouncing back after Q4 dip
Germany's economy is bouncing back from a downturn at the end of last year, according to the country's leading economic research institutes. In their ...
Oil falls to near $87 a barrel on growth concerns
The price of crude oil dropped to near $87 a barrel Wednesday amid concerns over the outlook for global economic growth. By early afternoon in Europe, ...
France follows IMF in slashing growth forecasts
The French government has finally bowed to reality, lowering its official economic growth projections and acknowledging that its deficit won't fall ...
EU warns of imbalances in Spain, Slovenia
The European Commission turned up the heat on Spain and Slovenia Wednesday, warning that the two struggling countries are facing "excessive" problems ...
Text of statement by ECB President Mario Draghi
Below is the full text of the statement that European Central Bank President Mario Draghi delivered at his press conference on Thursday. "Ladies and ...
Spain PM says economy will grow in 2014
Prime Minister Mariano Rajoy says Spain's recession-hit economy will return to growth in 2014 and begin creating jobs again. Rajoy said Wednesday that ...
Cyprus sends rumbles through shaky banking system
This week's deal to rescue Cyprus and its banks from financial collapse has renewed fears about Europe's shaky financial system and where trouble ...
Experts cut German economic growth forecast
The German government's independent council of economic advisers has cut its forecast for growth this year to 0.3 percent after Europe's biggest ...
Istanbul hopes to impress IOC panel with 2020 bid
After four unsuccessful attempts, Istanbul is ready to pitch its bid for the 2020 Olympics by stressing Turkey's robust economy, plans for modern ...
UK official delivers another austere budget
Britain's Treasury chief unveiled another tough budget Wednesday despite weakness in the economy that raised fears of a third recession in a little ...
Bailout lenders grant Portugal easier debt targets
Portugal's bailout lenders have agreed to ease its debt-reduction targets amid deteriorating economic prospects, the finance minister said Friday, ...
France's deficit to fall to 3.7 pct of GDP
France says it will only be able to cut its deficit to 3.7 percent of gross domestic product this year — above the 3 percent limit set by the European ...
Latvia enjoys strongest economic growth in EU
Latvia's economy grew 5.6 percent last year — the best performance among the 27-country European Union — thanks to robust trade and manufacturing.
UK's Cameron rejects call for new economic policy
British Prime Minister David Cameron on Thursday vowed to stick to austerity, rejecting calls to focus more on economic growth despite the country's ...
Oil price rises as US economy seen strengthening
Oil prices moved up slightly closer to $91 a barrel on Thursday as reports of a moderately improving U.S. economy, which suggests increased fuel ...
Poland lowers key interest rate to 3.25 percent
The National Bank of Poland lowered its key interest rate by half a percentage point to a record low of 3.25 percent on Wednesday, a surprise move ...
Oil above $90 on Chinese growth hopes
The price of oil rose slightly on Tuesday, a day after dropping below $90 a barrel for the first time this year, as investors welcomed China's ...
Polish economy grew annual 1.1 percent in Q4
Official figures show that Poland's economy grew a better-than-expected 1.1 percent in the fourth quarter of 2012 from the same period the previous ...
Poland emerging as major European outsourcing hub
The first time Javier Bofarull Marques left Spain for Poland, it was for love. It was 2006, a boom time in Spain, and his friends thought he was crazy
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 ...