World news about “Recession” published by euronews.
Germany just avoids recession, but outlook brightens Germany only just avoided falling into recession in the first three months of this year. That was thanks to a rise in private consumption which compensated… 24/05/2013
Eurozone remains in recession At their latest meeting, Eurozone finance ministers have been trying to boost confidence in the European finance sector. They also released the first… 17/05/2013
Eurozone economy in longest ever recession There is no end in sight to the economic misery for the eurozone. The region has slumped into its longest recession since records began in 1995. Between… 15/05/2013
France urged to speed up reforms It was during a joint press conference in Brussels where the European Commission’s Jose Manuel Barroso stood with French President, Francois Hollande and… 15/05/2013
No end in sight for eurozone recession The eurozone’s economy remains stuck in recession. The latest figures show that between January and March it contracted for the sixth straight quarter… 15/05/2013
Greek price drop offers help to households Consumer prices have fallen in Greece for the second month in a row. The country is entering deflation for the first time since 1968. Economists say lower… 10/05/2013
Industrial output decline slows in Spain The rate of decline in Spanish industrial output slowed to its lowest level in 19 months in March, a pleasant surprise for the market, but two more quarters… 09/05/2013
Europe faces up to a gloomy year Europe will remain mired in recession for the rest of this year, according to the latest EU forecasts. The European Commission says the eurozone will shrink… 03/05/2013
Eurozone recession bites deeper The European Commission has cut its growth forecasts for the eurozone, indicating a deeper recession this year and a slower recovery next year. In its… 03/05/2013
Europe Weekly: May Day protests ring alarm bells over austerity The European Commission unveils another gloomy economic outlook for 2013; May Day protests voiced workers’ anger against austerity; and the European Court of… 03/05/2013
Spain’s incredible shrinking economy Spain fell deeper into recession between January and March as the economy shrank for the seventh straight quarter. A preliminary reading showed gross… 30/04/2013
Britain avoids recession Britain’s economy dodged a return to recession and grew faster than expected in the first three months of this year. That provides some political relief for… 25/04/2013
IMF sees bumpy recovery The International Monetary Fund has trimmed its projections for global economic growth for this year and next. It says that is to take into account sharp… 16/04/2013
Greek unemployment hits 27 percent A new record for unemployment in Greece. It was 27.2 percent of the workforce in January – up from 25.7 percent in December. The speed of the rise in… 11/04/2013
France ‘heading into triple-dip recession’French business activity shrank in March at the fastest pace in four years, and business confidence showed no improvement Surveys of companies indicated the… 22/03/2013
Grim growth numbers follow Italian downgrade There has been confirmation that Italy’s economy contracted by 0.9 percent in the final three months of last year from the previous quarter. That is in line… 11/03/2013
EU economies set for stormy 2013 Only a few weeks ago, EU officials were patting each other on the back and declaring that the euro crisis is over. Now the European Commission’s own… 22/02/2013
No respite for eurozone economy this year There is no chance of a return to economic growth in the eurozone until next year. That was the latest gloomy forecast from the European Commission on… 22/02/2013
Eurozone downturn deepens The downturn across eurozone businesses unexpectedly worsened this month. That dealt a blow to hopes the region might emerge from recession soon. Surveys of… 21/02/2013
Eurozone recession worsens The eurozone slipped deeper than expected into recession in the final three months of last year. GDP declined 0.6 percent – the most since early 2009 – as… 14/02/2013
Eurozone economy deeper in recession The eurozone slipped deeper than expected into recession in the final three months of last year. GDP declined by the most since early 2009 as the region’s… 14/02/2013
Eurozone recovery signs emerge The eurozone’s battered economy is showing signs of recovery. The latest surveys of thousands of the region’s companies reveal business activity grew… 05/02/2013
Spanish recession deepens Spain’s economy sank deeper into recession at the end of last year. Between October and December GDP shrank 0.7 percent from the previous quarter. That… 30/01/2013
Surprise Q4 fall in US GDP The US economy unexpectedly contracted in the fourth quarter of last year as businesses scaled back on restocking and government spending plunged. Gross… 30/01/2013
Italian consumers gloomy Italian consumer confidence has hit new lows. In surveys households said their confidence in both the current and future economic situations was weaker… 28/01/2013
IMF remains cautious on growth In its latest forecast, the IMF says an unexpectedly stubborn euro zone recession and weakness in Japan will weigh on global economic growth this year. But a… 24/01/2013
Recession fears stalk France France’s Q3 figures are in, and they are grim reading for policymakers in Paris, as they show a third quarter of almost no growth, 0.1%, which means France is… 28/12/2012
Many business challenges in 2012 It was another difficult year for the global economy. Some states powered through it in high gear, others needed help to overcome the recession, but even… 26/12/2012
Weak European demand forces ArcelorMittal writedown ArcelorMittal is to write down the value of its European business by 3.25 billion euros. The world’s biggest steelmaker said demand fell around eight… 21/12/2012
OECD slashes eurozone growth forecasts The debt crisis in the recession hit eurozone is the biggest threat to the global economy, according to the Organisation for Economic Cooperation and… 27/11/2012
Figures point to economic gloom in Portugal and Greece How much are the decision makers of the EU listening to the feet on the streets of Europe’s cities on the day of action? Is there a sense that policies and… 14/11/2012
Recession hits mobile phone company Vodaphone Vodaphone has written down the value of its business in Spain and Italy by almost seven and a half billion euros. The British based company has also lowered… 13/11/2012
Japan economy shrinks as recession looms Japan – the world’s third-largest economy – shrank in the third quarter for the first time since last year. The figures add to signs that slowing global… 12/11/2012
French central bank sees recession this year The central bank in Paris has said that it expects France’s economy to slip into recession as this year ends. That would make it harder for the government… 09/11/2012
Spanish recession continues to bite Spain fell deeper into recession in the third quarter of 2012, new figures published on Tuesday show. The news is likely to pile further pressure on Prime… 30/10/2012
Cautious eurozone drivers pull down retail sales It seems eurozone motorists – worried about high prices and the region’s slide into recession – spent less on fuel during the normally busy summer driving… 03/10/2012
Greece gambles on quick fix in teeth of economic storm Greece is going for pain now in an attempt to produce a budget surplus in 2013 for the first time in a decade, but the economy is likely to shrink for a sixth… 01/10/2012
New European recession on the way? Unemployment in the eurozone remained becalmed at a record 11.4% in August while manufacturing put in its worst quarterly performance in Q3 since the great… 01/10/2012
German business confidence down as exports take a hit German business confidence fell for the fifth month in a row in September as Europe’s debt crisis continues to hurt the continent’s largest economy. The… 24/09/2012
More disappointment for Italian economy There has been more gloomy news on the already shaky Italian economy. Latest figures show it contracted by 0.8 per cent in the second quarter of this year… 10/09/2012
Inflation adds to Spain’s woes There is more economic pain for the people of Spain in the form of higher inflation. Consumer prices surged in August for the second month running. They… 30/08/2012
Spanish recession set to deepen Spain is falling deeper into recession as Madrid moves closer to seeking a European rescue package. Data released on Tuesday show the economy shrank 1.3… 28/08/2012
Spain weaker than previously thought It seems Spain’s economy was in a worse state than we knew. GDP contracted by more than previously estimated in 2010 – by 0.3 percent – more than the 0.1… 27/08/2012
More gloom for eurozone economy The eurozone seems to be heading for its second recession in three years. The region’s economy will shrink by around 0.5 percent in the current quarter… 23/08/2012
What hope for an Italian turnaround? Italy has been the eurozone’s most sluggish economy for more than a decade. Its economy has been sinking deeper into recession while its public debt has been… 17/08/2012
Eurozone economy shrinks despite slim German growth The eurozone’s economy shrank in the second quarter, having flatlined in the first and things would have been much worse but for a small amount of growth in… 14/08/2012
German recession fear from eurozone downturn The German economy ministry has issued a stark warning of “significant risks” to growth with declines in manufacturing orders, industrial output, imports and… 10/08/2012
UK bank storm US regulators have accused Standard Chartered of scheming with the Iranian government and of hiding thousands of secret transactions for hundreds of billions… 10/08/2012
France ‘heading into recession’ The French economy is likely to slip into recession in the third quarter, according to the country’s central bank which is forecasting a contraction of 0.1… 08/08/2012
Eurozone factory downturn worsens Manufacturing in the eurozone contracted again in July, for the 11th straight month. The latest survey of thousands of factories showed the manufacturing… 01/08/2012
No end in sight to Spain’s financial troubles The Spanish economy slipped further into recession as austerity measures bit in the second quarter. The economy shrank at a faster pace than in the first… 30/07/2012
Spain bailout report as unemployment hits new high Spain’s unemployment has worsened again. Between April and June, the jobless rate rose to 24.6 percent of the workforce from 24.4 percent in the first… 27/07/2012
UK economic slump worsens Britain’s economy sank far deeper into recession than expected in the second quarter of the year. GDP fell 0.7 percent compared with the first three… 25/07/2012
Recession empties Spanish shops April was one of the worst months in recent history for Spain’s shopkeepers. Spanish retail sales fell by 9.8 percent from April last year, adjusted for… 29/05/2012
UK economy in worse state than feared Britain fell deeper into recession than initially thought in the first quarter of this year due to a slump in construction output. Revised figures show the… 24/05/2012
Spain mulls ‘bad bank’ to cure financial sector With Spain now officially back in recession, a quarter of its working adults out of work, and its financial sector bombed-out by bad debt the government has… 30/04/2012
ECB wants more effort from banks and governments European Central Bank President Mario Draghi has refused to commit to more support for banks or governments as the eurozone debt crisis enters a new phase… 25/04/2012
Britain back in recession Britain’s economy has contracted again taking the UK into its second recession since the financial crisis. Gross domestic product fell 0.2 percent in the… 25/04/2012
An unhappy Easter for Greeks The economic crisis has overshadowed the Orthodox Easter celebrations in Greece. Food is normally the focus for families as they gather at this holiday… 13/04/2012
Rajoy: Spain’s deficit reduction is urgent Spanish Prime Minister Mariano Rajoy has admitted his country has a huge task ahead to get its finances back on track, but there is no alternative… 11/04/2012
Greece: austerity suicides climbing When a former pharmacist who had worked into his seventies killed himself many people in Greece saw it as a suicide caused by politics. In his note… 05/04/2012
Italian economy contracts Italy has slumped into a recession expected to last at least a year with the economy contracting 0.7 percent over the past three months. It is the second… 12/03/2012
IMF: Greek crisis risks remain A mixed response from the International Monetary Fund to the debt deal between Greece and its creditors. The IMF’s director of external relations Gerry Rice… 23/02/2012
Eurozone on brink of recession The eurozone economy is in danger of tipping into recession as the services sector shrank this month along with manufacturing. Surveys of company purchasing… 22/02/2012
Monti pledges no more austerity Italian Prime Minister Mario Monti has said that despite the recession there will be no need for a new austerity budget. As Italy’s technocrat leader met… 20/02/2012
Recession looms in Britain New figures show Britain’s economy edged closer to recession in the last three months of 2011. The Office for National Statistics said GDP shrank by 0.2… 25/01/2012
IMF warns Europe is global recession risk As it cut its outlook for global growth, the International Monetary Fund warned that the eurozone debt crisis is escalating and dragging down the world… 24/01/2012
France enters recession France is in recession according to the official INSEE statistics agency but it said that it will be short and shallow. INSEE sees the economy contracting… 16/12/2011
Eurozone decline eases, recession still looms New business surveys show the pace of decline in the euro zone’s private sector unexpectedly easing in December. Markit’s Purchasing Managers’ Index, which… 15/12/2011
Portugal’s recession deepens Portugal’s economy is in an even worse state than was previously thought. The latest revised statistics show GDP shrank by 0.6 percent between July and… 09/12/2011
Going down: ECB cuts rate to 1.0% The European Central Bank is pinning its hopes of keeping the euro zone economy out of recession with an interest rate cut and a new package of bank… 08/12/2011
France battling recession blues Solemn skies over Paris reflected a darkening mood in France over the economy, with predictions of an imminent credit rating downgrade. Standard and Poor’s… 29/11/2011
Italy already in recession, says Fitch The efforts of Italy’s new administration to turn around the economy may have come too late to save it from recession, according to ratings agency Fitch. It… 17/11/2011
Portugal slips deeper into recession In the three months to September Portugal’s economy shrank by 0.4 percent compared with the previous quarter. Portugal’s National Statistics Institute… 14/11/2011
Euro zone factory data boosts recession fears There has been another indicator that the debt crisis is dragging the euro zone’s economy back into recession as the latest business surveys showed the… 02/11/2011
Q3 growth doesn’t dispel UK recession fears Britain appears to be teetering on the brink of recession, despite stronger-than-expected GDP growth in the third quarter. It was up 0.5 percent from the… 01/11/2011
Euro zone business activity shrinks further The euro zone’s private sector slipped further into decline in October. The latest business surveys show the bloc’s economy is now in serious danger of… 24/10/2011
Greek recession complicates rescue efforts The drastic steps taken by Greece to get out of the red may not be enough. Athens latest budget figures showed the economy will remain stuck deep in… 03/10/2011
Deficit crisis: Obama challenges the Republicans In this edition of Business Weekly we focus on the bitter political feud between Democrats and Republicans in the US over a solution for the country’s debt… 23/09/2011
World stocks tumble on recession fears Mounting fears that the global economy is slipping back into recession washed through financial markets world-wide on Thursday. Shares in Europe finished… 22/09/2011
France tries to avoid recession with austerity budget France’s finance minister has insisted that his country is not at risk of sliding back into recession as he presented an austerity budget seen as important to… 06/09/2011
Financial turmoil: markets over-reacting? In this edition of Business Weekly, we examine how the fears of global recession and the US debt crisis have created turmoil in the world’s financial, which… 05/08/2011
Italy heads for tough austerity plan Italy is moving ahead with 47 billion euros of austerity cuts. Prime Minister Silvio Berlusconi and his Finance Minister Giulio Tremonti have agreed on the… 30/06/2011
Euro zone economic sentiment slips Economic sentiment in the euro zone fell in June, but by less than expected. The latest European Commission business surveys showed weakening confidence… 29/06/2011
Quake knocks Japan back into recession Japan has slipped back into recession after the economy shrank much more than expected in the early part of this year. The follows the March earthquake… 19/05/2011
RBS stung by Irish debt The Royal Bank of Scotland, which is majority owned by the British Government, made first quarter losses of some 600 million euros. The bank racked up 1.5… 06/05/2011
Portugal’s opposition checks out bailout Leaders of Portugal’s main opposition party, the Social Democrats, have been meeting with European and IMF officials looking at the details of the just… 04/05/2011
Obama accuses Republicans of protecting the rich as ‘fiscal cliff’ deadline approachesUS President Barack Obama is addressing Congress in a bid to thrash out a last-minute deal to avoid the ‘fiscal cliff’. The term refers to a series of tax… 30/12/2012
Obama ‘optimistic’ fiscal deal can be reached‘Cautiously optimistic’ – that is the phrase being used at the White House after the president held talks with Congressional leaders in an 11th hour effort to… 29/12/2012
Obama returns to Washington to try to avoid ‘fiscal cliff’US President Barack Obama has cut short his holiday in Hawaii and returned to Washington to try to persuade Congress to reach an agreement avoiding the… 28/12/2012
OECD slashes global growth forecastsThe debt crisis in the recession hit euro zone is the biggest threat to the global economy, according to the Organisation for Economic Cooperation and… 27/11/2012
US political parties remain at odds over raising taxesThe US Congress reconvenes this week after the Thanksgiving holiday with time running out to reach a compromise over fiscal planning. But while the… 27/11/2012
Spain budget minister: 2013 may be ‘last year of recession’Spain’s budget minister has presented an optimistic assessment of the country’s economy, putting on a brave face over the latest gloomy figures. Cristóbal… 23/10/2012
Spain minister: 2013 may be ‘last year of recession’Spain’s budget minister has presented an optimistic assessment of the country’s economy, putting on a brave face over the latest gloomy figures. Cristóbal… 23/10/2012
Spain braced for more misery as Madrid unveils 2013 budgetA budget to get the country out of a crisis – that is how Madrid is describing a new swathe of austerity measures for Spain for 2013. It includes tax hikes –… 28/09/2012
Security is tightened in Madrid ahead of protestMadrid is gearing up for further protests against what is seen by some as an attack on democracy. Security is tight; an estimated 1,300 police officers will… 25/09/2012
Nearly a quarter of Greeks jobless in JuneThe latest unemployment figures for Greece show that almost one in four people was jobless in June. The official number of people out of work rose from… 06/09/2012
No end in sight for Italian recessionItaly has slipped deeper into recession making it more difficult for Mario Monti’s technocrat government to control a debt crisis that is undermining the… 07/08/2012
Obama campaigns on Independence DayPresident Barack Obama used the traditional July 4 celebrations to call for immigration reforms popular with many of his black and Hispanic supporters. The… 05/07/2012
