World news about “Recession” published by euronews.
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
Deeper Greek recession forecastGreece’s economy is set to contract by a deeper than expected five percent this year according to the country’s central bank chief, worse than the 4.5 percent… 24/04/2012
Spain’s central bank confirms recessionSpain’s central bank has said it believes the country’s economy contracted by 0.4 percent in the first quarter of this year compared to the previous quarter… 23/04/2012
Greece dockworkers protest at government debt-swap dealDockworkers gathered outside Greece’s central bank in Athens to protest against a debt swap deal they say has cost them their savings. The deal was part of… 06/04/2012
Greek anger at death: ‘Enough is enough’Greeks have been leaving tributes to the pensioner who shot himself dead outside the parliament in Athens in protest at the government’s austerity… 05/04/2012
Greek anger at death: ‘We will all commit suicide’There has been sadness as well as anger in Greece after a hard-up pensioner shot himself dead outside parliament in protest at government cuts he blamed for… 05/04/2012
Eurozone double dip recession is here says ECThe eurozone economy is heading into its second recession in just three years the European Commission has warned. But it will be mild and temporary and… 23/02/2012
Brinkmanship over Greek debt deal continuesEuropean finance ministers — meeting in Brussels —have been pushing investors holding Greek government bonds to accept lower amounts as part of a debt… 24/01/2012
Portugal passes austerity budget as recession deepensPortugal’s parliament has passed the 2012 budget bill as widely expected. But the final reading was marked by the main opposition Socialist party’s abstention… 30/11/2011
France battling recession bluesSolemn 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
Euro crisis sparks heated exchanges and another summitThe headlines in Italian papers spoke of a sense of ridicule after leaders at the weekend’s major euro zone crisis summit told Italy’s Prime Minister to come… 24/10/2011
S&P downgrades Spain by one notchAnother day has brought yet another drop in a European country’s credit rating. This time Standard&Poor’s has done the downgrading, with Spain on the… 14/10/2011
Chicago holds rallies against recessionThousands of protesters, including teachers and religious leaders, have taken to the streets of Chicago to rally against economic inequality. The protests… 11/10/2011
Protesters run wild in AthensCentral Athens erupted in violence and vandalism today as young people broke away from protests at the government’s austerity measures to wreak havoc. The… 28/06/2011
Greek PM pins hopes on cabinet reshuffle for supportGreece’s prime minister is to form a new cabinet and seek a vote of confidence from his divided Socialist party. It follows a day of unprecedented violent… 16/06/2011
Protesters target Greek austerity voteGreek workers have begun a 24 hour strike in protest at the government’s efforts to push through more austerity measures. The demonstrators who include both… 15/06/2011
Greece braced for anti-austerity protestGreece is braced for another day of protest as a 24-hour national strike gets underway. Unions will join non-union protesters and form a cordon round the… 15/06/2011
IMF approves 26 billion euro loan to PortugalThe International Monetary Fund has approved a 26 billion euro loan for Portugal. More than six billion will be channelled immediately to the country to ease… 21/05/2011
Ordinary Portuguese despair over bailoutPortugal’s banks will get 12 billion euros to recapitalise, but ordinary people can expect no such thing. The strap put on the public finances means that even… 05/05/2011
Bailout terms plunge Portugal into recessionThe terms of Portugal’s 78 billion euro bailout look set to plunge the country into recession for the next two years. Read more Ordinary Portuguese… 05/05/2011
Portugal’s crisis is bad timing for EU summitEurope’s leaders will meet for a crucial summit today amid a political crisis in Portugal that threatens fresh trouble for the euro. Portuguese Prime… 24/03/2011
UK hit by shock economy contractionThe UK’s economy contracted 0.5 percent in the last three months of 2010, contradicting most economists’ predictions of growth. The official data will be a… 25/01/2011
Obama’s plan: re-build America to beat recessionPresident Obama has unveiled an expensive plan to re-build America and beat the recession. On the back of more gloomy jobs figures, the president wants to… 07/09/2010
Risk of UK double dip recessionBritain faces the risk of sliding back into recession and the central bank’s growth forecast for this year and next may be too optimistic according to a… 24/08/2010
Spain’s PM seeks austerity backingSpain’s prime minister says there has to be wider political support for spending cuts and pension reforms if his country is to be pulled out of economic… 14/07/2010
UK recession deeper than thoughtBritain’s record recession was even deeper than previously thought, and the UK economy would likely have contracted in the first quarter of this year were it… 12/07/2010
Ecofin discusses budget rules and stress testsA pivotal meeting of European Union finance ministers started on Monday in Brussels, negotiating stricter budget discipline rules for EU governments so that… 12/07/2010
