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Business

Greek economy still struggling despite mild Q2 expansion

Greece's battered economy grew between April and June - but only by 0.2 percent from the first three months of the year and it shrank by 0.9 percent from the same period last year.

Greece's battered economy grew between April and June - but only by 0.2 percent from the first three months of the year and it shrank by 0.9 percent from the same period last year.

Business

Eurozone GDP growth slows in Q2, French economy stalls

The eurozone's economic growth slowed between April and June. It was 0.3 percent quarter-on-quarter, half of the 0.6 percent growth recorded in the first three months of 2016.

The eurozone's economic growth slowed between April and June. It was 0.3 percent quarter-on-quarter, half of the 0.6 percent growth recorded in the first three months of 2016.

Business

French economic growth 0.2% in Q2

France's economy grew by 0.2 percent between April and June from the previous three months according to the latest estimate from the country's central bank.

France's economy grew by 0.2 percent between April and June from the previous three months according to the latest estimate from the country's central bank.

Business

Continued cooling for China's economy forecast

The latest survey of economic analysts predicts Chinese GDP growth of 6.6 percent from April to June, down from 6.7 percent in the first three months of the year.

The latest survey of economic analysts predicts Chinese GDP growth of 6.6 percent from April to June, down from 6.7 percent in the first three months of the year.

Business

Eurozone GDP growth revised upwards for Q1

It seems the eurozone's economic growth was slightly better than previously thought in the first three months of this year, but still nothing to shout about.

It seems the eurozone's economic growth was slightly better than previously thought in the first three months of this year, but still nothing to shout about.

Business

Brazil: boom to bust story continues as GDP shrinks again

Brazil's economy shrank for the fifth straight quarter between January and March. Agriculture, industry and services all declined amid a political crisis and sweeping bribery scandal.

Brazil's economy shrank for the fifth straight quarter between January and March. Agriculture, industry and services all declined amid a political crisis and sweeping bribery scandal.

Business

Saudi Arabia responds to low oil prices with economic reform plan

Saudi Arabia has unveiled an economic reform plan including selling part of its state energy giant Saudi Aramco and using the cash raised for a massive global investment fund.

Saudi Arabia has unveiled an economic reform plan including selling part of its state energy giant Saudi Aramco and using the cash raised for a massive global investment fund.

Business

Debt drags Chinese economy on

Latest figures from China’s National Bureau of Statistics are causing some economists to wonder if the worst is over in the contraction in the

Latest figures from China’s National Bureau of Statistics are causing some economists to wonder if the worst is over in the contraction in the

News

China posts weakest growth figures in 25 years

China has experienced its weakest growth in 25 years. It’s economy grew last year by just 6.9% compared with 7.3% in 2014. The year-on-year growth

China has experienced its weakest growth in 25 years. It’s economy grew last year by just 6.9% compared with 7.3% in 2014. The year-on-year growth

Business

Eurozone growth confirmed at 0.3% in third quarter

The week after the ECB extended its stimulus programme and cut a key bank rate for the eurozone, data from the European Union’s Statistics Agency

The week after the ECB extended its stimulus programme and cut a key bank rate for the eurozone, data from the European Union’s Statistics Agency

Business

Russian sanctions 'could hit Turkey's GDP by up to 0.7%'

Russian sanctions against Turkey could have substantial impact “if they persist over the next year and are fully applied”. So says a report by the

Russian sanctions against Turkey could have substantial impact “if they persist over the next year and are fully applied”. So says a report by the

Business

Greek economy defies expectations

Despite the debt and political crisis in Greece the country’s economy is defying expectations The government may be in crisis with new elections on

Despite the debt and political crisis in Greece the country’s economy is defying expectations The government may be in crisis with new elections on

Business

US growth revised upwards

Latest figures from the Commerce Department the US economy growing faster than previously thought. Despite the the jitters over China this week and

Latest figures from the Commerce Department the US economy growing faster than previously thought. Despite the the jitters over China this week and

Business

Turkey's Q1 GDP growth beats forecasts

Turkey’s economy outperformed expectations year-on-year in Q1 recording year-on-year GDP growth of 2.3%. It is a welcome post-election boost for

Turkey’s economy outperformed expectations year-on-year in Q1 recording year-on-year GDP growth of 2.3%. It is a welcome post-election boost for

News

African free trade agreement to be signed in Egypt

The leaders of 26 African nations have been laying the groundwork for an African Free Trade Union in the resort of Sharm El-Sheikh in Egypt. Behind

The leaders of 26 African nations have been laying the groundwork for an African Free Trade Union in the resort of Sharm El-Sheikh in Egypt. Behind

Business

Russia counts the cost of taking over Crimea as GDP falls

Russia’s economy has contracted by around two percent in the first quarter but Prime Minister Dmitry Medvedev says the economic situation is

Russia’s economy has contracted by around two percent in the first quarter but Prime Minister Dmitry Medvedev says the economic situation is

Business

Portugal's debt rises but a better 2015 on the cards says report

Portugal remains on course for restored economic health after latest figures suggest it has managed to shrink its deficit, although the overall debt

Portugal remains on course for restored economic health after latest figures suggest it has managed to shrink its deficit, although the overall debt

Business

Italian economy predicted growth after three-year recession

The Italian economy could post its first year of expansion in 2015 after a three-year recession. That’s a prediction by the Organisation for

The Italian economy could post its first year of expansion in 2015 after a three-year recession. That’s a prediction by the Organisation for

Business

The right balance: the economics of happiness

What makes people happy? Measuring human happiness is increasingly becoming a pursuit of economists, who use a range of research tools to gauge and

What makes people happy? Measuring human happiness is increasingly becoming a pursuit of economists, who use a range of research tools to gauge and

Business

Ireland's economy set to grow 4.7 percent this year

Ireland’s economy is forecast to expand by 4.7 percent this year, according to the country’s finance ministry. That is in contrast to last year’s

Ireland’s economy is forecast to expand by 4.7 percent this year, according to the country’s finance ministry. That is in contrast to last year’s

Business

Greece to get GDP boost in 2015 says government

Two cheers were raised in Greece on Monday with government news it expects GDP growth to continue in 2015, and that it will nave a primary budget

Two cheers were raised in Greece on Monday with government news it expects GDP growth to continue in 2015, and that it will nave a primary budget

Business

Spain's economy minister talks up country's recovery

The Spanish government is planning to revise its growth forecasts for the country for this year and 2015. That word came from Economy Minister Luis

The Spanish government is planning to revise its growth forecasts for the country for this year and 2015. That word came from Economy Minister Luis

Business

More hopeful signs for the Greek economy, tax service head quits

Greece’s economy continues to shrink, but the pace of that contraction is slowing – supporting projections that the austerity-battered country will

Greece’s economy continues to shrink, but the pace of that contraction is slowing – supporting projections that the austerity-battered country will

Business

Russian economy in the red as investment slumps and capital flies

Russia’s economy shrank in the first three months of this year as investment spending fell and those who could move money out of the country did so

Russia’s economy shrank in the first three months of this year as investment spending fell and those who could move money out of the country did so