Economic outlook news and stories by mail.com

Economic outlook

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 ...
Asia stocks gain, unfazed by NKorea rocket launch
Asian stock markets rose Wednesday as a German business confidence survey alleviated concerns that Europe's largest economy might fall into recession.
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 ...
Asia stocks rise as US employment claims dip
Asian stock markets rose Friday after the number of Americans seeking unemployment benefits fell last week, offsetting a somber economic forecast by ...
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 ...
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 ...
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 ...
ECB could be done helping eurozone economy
The European Central Bank is unlikely to offer any further help for Europe's sagging economy Thursday after already lowering interest rates to record ...
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 ...
Ireland imposes 6th straight austerity budget
Ireland's government unveiled plans for €3.5 billion ($4.5 billion) in new taxes and spending cuts in the debt-burdened country's sixth straight ...
Eurozone retail sales slump in October
Retail sales across the 17 European Union countries that use the euro slumped far more than anticipated in October, largely due to a huge drop in ...
Germany set to achieve balanced budget this year
Germany will achieve a balanced budget across all layers of government this year thanks to a resilient economy, low unemployment, higher tax revenues ...
Greece launches $13 billion bond buyback plan
Greece revealed Monday plans to spend up to €10 billion ($13 billion) in a bond buyback program that it hopes will help stabilize its mountainous debt
Eurozone unemployment hits another record high
Another month, another record unemployment rate for the economy of the 17 European Union countries that use the euro. Figures released Friday by ...
Asia stocks rise on US data, budget talks
Asian stock markets posted gains Friday on optimism over a pair of positive U.S. economic reports and growing expectations that Washington will ...
Merkel's election schedule weighs on Greek bailout
German Chancellor Angela Merkel's upcoming re-election battle is shaping Europe's response to bailing out debt-ridden Greece. Her strategy: Do just ...
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.
OECD: Europe weighing on global economy
The global economy could easily slide back into recession if its major problems — like U.S. budget standoffs and Europe's lack of jobs — are left to ...
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.
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, ...
Asian stocks fall on US economy fears
Uncertainty over whether Washington will be able to work out a spending and taxation deal that is crucial to keeping the U.S. economic recovery on ...
UK to end aid spending in India by 2015
Britain will halt all aid spending in India in 2015 in a significant shift in relations between the emerging economic giant and its former colonial ...
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 ...