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Economy

World Bank: Economy set for worst run since 2008 outside of recessions

The group has cut its growth forecasts in nearly 70% of all economies — across all regions and income groups.

Economy

ECB lowers rates for the eighth time as trade tensions threaten growth

The central bank lowered its benchmark interest rate by a quarter point, in line with analyst estimates.

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

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.

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Economy

EU budget needs 'a comprehensive overhaul' to handle shocks, says IMF

EU spending rules have not kept pace with challenges facing the bloc, warned the IMF’s Europe director.

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

UK wage growth cools ahead of national insurance hike for businesses

UK wages lagged as businesses dealt with increasing cost pressures and growing economic and geopolitical uncertainty.

Economy

Bank of England cuts main interest rate as US tariffs threaten growth

The 25 basis point cut to 4.25% was widely expected by economists.

Economy

Merz's stumble jeopardises hopes of rebooting sluggish German economy

Friedrich Merz's failure to secure the title of chancellor in the first round of voting has created doubt over the future effectiveness of his government.

Business

Unemployment in the eurozone remains at a record low in March

The amount of citizens out of a job remains historically low, although the eurozone is bracing itself for the effect of US tariffs.

Business Line

How Uzbekistan is becoming Central Asia’s new tech hub

In partnership with Center for the Production of Content for Mass Media under the Administration of the President of the Republic of Uzbekistan

In this episode of Business Line of Uzbekistan, we explore how the country's technology and ICT sectors are expanding, creating jobs, attracting investment and positioning Uzbekistan as a regional leader in innovation.

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.

Economy

Why economists believe the ECB will keep on cutting interest rates

Economists predict that the ECB will continue its rate-cutting cycle as global trade tensions rise and eurozone growth slows. Markets expect up to 75 basis points of easing by September, pushing the deposit rate down to 1.5%.

Economy

ECB's Lagarde: Trade tariffs are a negative shock for the eurozone

Lagarde said the ECB’s rate cut reflected confidence in disinflation and rising growth risks from tariffs, which are set to weigh on demand. The bank dropped its “restrictive” stance and stressed a data-driven, flexible approach.

Economy

French government set to lower growth target as Trump tariffs loom

The state’s revised forecast will be in line with predictions from the Bank of France, according to work minister Astrid Panosyan-Bouvet.

Economy

The UK’s economy grew marginally last year, sees surprise revision

The UK’s services sector boosted GDP in the final quarter, seeing a lift from human health activities and social work. The construction industry also contributed positively to GDP during the fourth quarter of 2024.

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European innovation keeps pace despite economic uncertainty

Partner content presented by European Patent Office

The European Patent Office’s latest report shows patent filings holding steady, with computer technology leading growth. Europe remains a key player in global innovation.

Economy

French consumers more worried about their financial outlook in March

French consumers are more pessimistic about their future finances but are a little more open to making bigger purchases.

Economy

The Spanish economy grew 3.2% in 2024: Why is it outperforming peers?

Spain's economy grew 3.2% in 2024, one of the fastest in the eurozone, driven by strong domestic demand, robust tourism, and EU recovery funds, outperforming Germany, France and Italy. Economists say Spain remains a ‘bright spot’ in Europe, expecting this outperformance to continue through 2025.

Business

German business morale surges to 7-month highs on recovery hopes

Confidence among German businesses improved in March, supported by a rebound in manufacturing and optimism over major government spending plans.