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Economy

UK economy unexpectedly shrinks in October for second straight month

The figures come as a setback for the new Labour government and its pro-growth agenda.

Economy

Swiss GDP grows underwhelmingly as manufacturing remains weak

The Swiss economy is expanding slowly, buoyed by trade but hit by weak manufacturing figures.

Economy

Turkey falls into recession as interest rates remain sky-high

Analysts believe rate cuts will begin early next year as high borrowing costs stifle investment and production.

Economy

Eurozone sovereign debt crisis? ECB warns of fiscal and growth risks

The ECB warns of mounting eurozone sovereign debt risks in its latest review, citing high debt levels, fiscal slippage, and weak growth.

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Economy

Irish economy likely to lag in 2024 as multinational sector declines

The European Commission expects the Irish economy to decline in 2024. However, growth is expected to pick up pace again in 2025, before stabilising in 2026.

Economy

EU inflation forecast to tumble as Brussels warns of looming trade war

The European Commission has hailed a 'gradual' rebound in economic activity, but warns the EU is 'especially vulnerable' amid rising geopolitical tensions.

Economy

French jobless total on the rise as concerns over growth continue

France has been dealing with increasing economic and political uncertainties, mainly arising from the snap elections back in June, which resulted in a hung parliament.

Economy

Eurozone's economic forecasts slashed following Trump victory

The uncertainty surrounding Trump’s trade policies will hinder growth in the eurozone, according to economists from Goldman Sachs.

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Uzbekistan’s Bold Reforms Spark Global Interest

Partner content presented by the Tourism Committee of the Republic of Uzbekistan

Uzbekistan is stepping up on the world stage as reforms led by President Shavkat Mirziyoyev reshape the nation’s politics, economy and civil society, sparking significant international interest.

Economy

Fed cuts rates as Powell ignores Trump-fuelled inflation risk

The US Federal Reserve has lowered rates by 0.25%, as expected. Markets see potential for a further cut in December, while concerns rise over fiscal impacts and inflation under a Trump presidency.

Economy

Why is Spain's economy growing faster than its eurozone peers?

The Spanish economy has shown robust growth in recent years, although experts question how long it will last.

Economy

German firms struggle to secure loans as economic uncertainty persists

Hesitancy from German banks is at its highest level in seven years, according to the IFO.

Economy

Czech central bank cuts rates with more reductions expected

The move is in line with dovish signals from other central banks, notably rate cuts from the Fed and the ECB.

Economy

Banks unprepared for next financial crisis, warns new report

Banking regulations must be tightened to ensure financial stability, says Brussels-based NGO Finance Watch. But, it warns, political will is lacking.

Business

Bosses looking for a sweeter deal to lure staff back to the office

A survey of the world's leading business leaders finds they have little appetite for hybrid working and are looking to encourage workers back to the office with better deals on pay and promotion.

Business

European business confidence in China at all-time low, report says

Many European businesses believe the returns on investments in the world's second-largest economy are not worth the risks, because of issues including China's economic slowdown and a politicised business environment.

Economy

German inflation rate dips to lowest level in more than three years

The news raises hopes for another rate cut from the European Central Bank, with the policy committee set to meet this Thursday.

Europe Decoded

Draghi calls for EU common borrowing, end to national vetoes

The former Italian prime minister proposes "radical change" as the bloc faces aggressive competition from China and the US. Draghi touts use of controversial eurobonds; proposed plan for decarbonisation and competitiveness could entail defensive trade measures, he says.

Europe News

Draghi’s EU competitiveness report gains mixed reception from MEPs

Major parties appear to back the ex-Italian premier’s plans to boost sluggish EU growth.

Economy

Sweden cuts interest rate and says policy easing could speed up

Growth is weak in Sweden while inflation remains low, pushing policy makers to lower borrowing costs.