Economic outlook

Economic outlook

• IMF says Cyprus at risk of even deeper recession

  The IMF said Friday that substantial risks still loom for the Cypriot economy even after a multi-billion dollar international bailout aimed at ... 

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  Bank of England sees 'modest, sustained' recovery

  The Bank of England predicted a modest and sustained economic recovery for Britain on Wednesday, but tempered hope that the worst might be over with ... 

• Eurozone growth hopes emerge after industrial data

  A larger-than-expected increase in industrial production across the 17 European Union countries that use the euro has raised hopes that the recession ... 

• German ZEW confidence survey barely rises

  Germany's ZEW survey of investor optimism barely rose in May, reflecting the weak economy in the euro currency union. The ZEW research institute's ... 

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  Strong US jobs report triggers stock market rally

  Stock markets rallied on Friday, with both the Dow and S&P hitting new highs, after an unexpectedly strong U.S. jobs report indicated the world's ... 

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  EU predicts eurozone recession to continue in 2013

  Europe will take longer to recover from its economic crisis as it tackles a worse-than-expected recession in the eurozone and unemployment at record ... 

• 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 ... 

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  Draining cash, Egypt on $30 billion search for aid

  During a meeting in a Black Sea resort city, Egypt's president and members of his government turned to Russian President Vladimir Putin and asked for ... 

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  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 ... 

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  Predictions of ECB rate cut grow as growth fades

  Evidence that Europe's economic downturn is weighing more heavily on its strongest member, Germany, has convinced more and more experts that the ... 

• German business optimism falls more than expected

  A key measure of German business optimism fell in April, suggesting Europe's biggest economy might not be rebounding as expected and likely putting ... 

• Fitch cuts British bond rating from AAA

  Fitch Ratings on Friday stripped the U.K. of its cherished top AAA credit score, citing a weaker economic outlook that continues to hinder the country ... 

• 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 ... 

• Spain plays down IMF negative forecast

  Spanish Prime Minister Mariano Rajoy has brushed off dismal economic predictions from the International Monetary Fund that the country's economy will ... 

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  Asian stocks rebound on the heels of US rally

  Asian stock markets rose Wednesday, boosted by a strong U.S. housing report and better-than-expected corporate earnings that added further evidence ... 

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  Correction: Afghanistan-Opium story

  In an April 15 story about a U.N. report on opium production in Afghanistan, The Associated Press miscalculated the price per pound for opium. 

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  Cyprus president to ask EU for more help

  Cyprus' president said Friday he will ask the European Union to provide more help for the crisis-hit country, which has to pay for most of its ... 

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  Cyprus bailout swells to $30 billion

  The cost of bailing out Cyprus has swollen to 23 billion euros ($30 billion), with the crisis-hit country having to take on the lion's share of the ... 

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  Euro area unemployment at record 12 percent

  The eurozone economy has passed another bleak milestone. Official figures Tuesday showed that unemployment across the 17 European Union countries that ... 

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  Cyprus gains more time to achieve surplus

  Cyprus has been granted an extra year — until 2017 — to achieve a targeted budget surplus of 4 percent as part of bailout negotiations with ... 

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  Spanish central bank offers grim economic forecast

  Spain will sink deeper into recession and unemployment will worsen this year as the country struggles under the weight of austerity measures taken to ... 

• 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 ... 

• German business optimism dips unexpectedly

  An important German index of business optimism fell unexpectedly in March but the institute that conducts the survey said the economy remained on ...