Now playing Next USA Biden: US economy 'on the right track' despite recession fears US president Joe Biden has said his country is "on the right track", despite its economy shrinking for the second quarter in a row. 28/07/2022
Now playing Next Europe News Annual inflation across the eurozone will peak at 7.6% in 2022 The Ukraine war and the disruption of energy and food markets continue to increase inflationary pressures. 14/07/2022
Now playing Next Europe News Inflation in eurozone forecast to hit 4.8% amid soaring energy prices Energy prices, supply chain bottlenecks, the Omicron variant and geopolitical tensions are all fuelling inflationary pressures. 10/02/2022
Now playing Next Biztech news Brussels raises eurozone growth forecast but warns over energy prices This outlook depends heavily on two factors: the evolution of the COVID-19 pandemic and the pace at which supply adjusts to the rapid turnaround in demand following the re-opening of the economy. 12/11/2021
Now playing Next Europe News Vaccines and lifting of restrictions speed up EU's economic recovery Both the EU and the eurozone are set to expand by 4.8% in 2021, with 12 member states already offsetting all their economic losses this year. 07/07/2021
Now playing Next Europe News EU economy set to grow faster than expected thanks to vaccination The European Commission estimates that this year the EU and the eurozone will grow by 4.2% and 4.3%, respectively. 12/05/2021
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Now playing Next Europe News Economic forecast: Some EU countries will recover in 2021, others must wait until 2022 Commissioner Paolo Gentiloni warned that uncertainty remains high but that the vaccine roll-out and the EU's recovery fund could help accelerate growth in 2021. 11/02/2021
Now playing Next world news Economists revise eurozone growth downwards amid second COVID wave Lockdowns and pandemic-related restrictions were likely to slow down Europe's economic recovery as the ECB cut its predicts for 2021 and beyond. 22/01/2021
Now playing Next Greece Greece's economy to shrink by estimated 8.2% this year Greece's economy is expected to shrink by an estimated 8.2% this year due to the coronavirus pandemic. 05/10/2020
Now playing Next world news Jobless rate to hit record this year in richest economies, says OECD The average unemployment rate across the OECD is forecast to reach 9.4 per cent at the end of 2020, and remain stubbornly high at 7.7 per cent in 2021. 07/07/2020
Now playing Next Europe News EU forecasts 'recession of historic proportions' this year "Europe is experiencing an economic shock without precedent since the Great Depression,'' the EU's economy chief Paolo Gentiloni said on Wednesday. 06/05/2020
Now playing Next World Britain to face growth slowdown amidst Brexit fears Confederation of British Industry lowers 2018 growth forecast citing Brexit and heavy snowfall 08/06/2018
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