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Economy

Chinese economy grows at a 5.2% annual pace despite trade war

China achieved GDP growth for the last quarter above the official 5% target, although strong exports to markets aside from the US masked weak domestic consumption.

Economy

Heatwaves: Which European countries face the biggest economic losses?

Rising heat is already affecting Europe’s economy, and researchers warn the losses in GDP and productivity will worsen in the decades ahead.

Economy

UK economy contracts again in May despite government growth push

A modest 0.1% expansion was expected, although tariffs and tax increases continue to hamper growth.

Economy

How did Spain overtake Japan in GDP per capita?

Spain’s economy is thriving, driven by a global boost in services, mainly tourism, overtaking the sluggish performance of the Japanese economy in the last decade.

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Europe News

Spain rejects NATO's 5% of GDP spending proposal as 'unreasonable'

Spain was the lowest spender in the trans-Atlantic alliance last year, directing less than 2% of its GDP on defence expenditure.

Economy

Eurozone economy grows by 0.6%: Lagarde shuts door on July rate cut

The eurozone gross domestic product grew by 0.6% quarter-over-quarter in the first quarter of 2025, marking the strongest pace of growth since late 2022. ECB's President Christine Lagarde hinted that a July pause in rate cuts may be warranted.

Business

Amazon outlines job initiatives in Europe's low-employment areas

Amazon has outlined to Euronews how it is planning to boost job initiatives in Europe's low-employment areas as it also releases its latest impact report.

Economy

OECD outlook: Can the global economy survive trade pressures in 2025?

The OECD forecasts a continued slowdown in global economic growth this year, driven by persistent trade tensions — such as US tariffs — and stubbornly high inflation.

Economy

US economy falls 0.2% in the first quarter, hit by Trump's trade war

First-quarter growth was brought down by a surge in imports as companies in the United States hurried to bring in foreign goods before the president imposed massive import taxes.

Economy

What EU exports could be hit hardest by Trump’s 50% tariff threat?

Key sectors, including chemicals, machinery and vehicles, could be the hardest hit by the US President’s threat of imposing 50% tariffs on EU goods.

Economy

‘Surprisingly good March’ helps German GDP exceed expectations

The German economy, Europe's biggest, grew by 0.4% in the first quarter thanks to stronger-than-expected exports and manufacturing.

Economy

Climate crisis must be tackled without resorting to degrowth, says MEP

Growth is essential to retaining the European way of life, said the EPP’s Lídia Pereira, responding to claims that the EU must shift its thinking on sustainability.

Economy

OECD growth slows abruptly to 0.1% in the first three months of 2025

The overall GDP growth of the 38 countries of the OECD, providing more than 40% of the global economy, slowed down substantially in the first quarter of 2025.

Economy

How much will Trump’s tariffs drag on the EU economy in 2025?

The European Commission cut back its growth forecasts for this year and the next on Monday, due to the impact of US President Donald Trump’s tariff policies.

Economy

UK becomes fastest-growing G7 economy after strong first quarter

The UK economy recorded a better than expected first quarter, but experts warn, new taxes on UK businesses and high global uncertainty may slow down growth in the coming months.

Economy

Japan's economy shrinks as Trump trade war hits exports and confidence

The contraction strengthens the argument for increasing spending incentives in Japan as the economy prepares to take a hit from Trump's tariffs.

Economy

Eurozone grows 0.3% at the start of the year, industrial output soars

Eurozone GDP grew 0.3% in the first quarter of 2025, with strong gains in Ireland and Spain. Employment rose 0.3%, beating forecasts. March industrial output surged 2.6%, the fastest in five years.

Europe News

Trump wants to hear how NATO allies plan to boost defence spending

Trump insists NATO members should commit to spending at least 5% of GDP on defence, but that would require investment at an unprecedented scale.

Economy

Eurozone GDP beats expectations with 0.4% growth in first quarter

The eurozone economy grew 0.4% in Q1 2025, doubling the previous quarter's pace and beating forecasts. Ireland led growth, followed by Spain, while Germany rebounded.

Economy

Spain's economy grows at slightly slower pace at the start of the year

The nation is still outperforming many European peers, with consumption set to remain robust as the year continues.