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WTO's and Germany's cautious optimism

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WTO's and Germany's cautious optimism

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The World Trade Organisation (WTO) has raised its forecast for 2014 and says the prospects for next year are even better.

The WTO echoed the International Monetary Fund’s predictions, saying the recovery in the world’s richer economies is expected to balance out weakness in developing nations.

Germany is one such engine of growth, leading the recovery in Europe. According to the latest forecast from the country’s economic ministry, that growth “is on a broad and stable footing”.

Italy’s economic recovery is not there yet, but the country’s prime minister has an ambitious programme of reforms. He’s just announced who the government wants to run some of Italy’s most important state-backed companies.

We have news of Portugal’s latest steps on the austerity path and Google’s newest acquisition.

All in this edition of Business Weekly