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Money

Is the global economy sliding into recession and what could it mean?

Escalating inflation, the war in Ukraine and low consumer confidence are spelling headwinds for the global economy.

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.

Economy

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.

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.

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Tech 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.

Economy

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.

Economy

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.

Europe News

World economy on 'firmer footing' but 'debt and inequality pose risks'

Speaking to Euronews, Kristalina Georgieva said the IMF is ready to upgrade its global forecast but fiscal support must not be withdrawn prematurely.

Economy

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.

Economy

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.

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.

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.

Economy

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.

Economy

Britain to face growth slowdown amidst Brexit fears

Confederation of British Industry lowers 2018 growth forecast citing Brexit and heavy snowfall