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Economic growth

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 ...
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 ...