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Economy

Euro area trade surplus rises despite a drop in exports

The value of exports in the region outweighed imports in June 2024, particularly when looking at the trade of chemicals, machinery and vehicles.

Economy

Eurozone growth unchanged but Germany's industrial sector still weak

Germany's surprise contraction in the second quarter this year was mainly due to a halt in equipment and buildings investments, as the industrial sector continues to weaken under pressure from rising interest rates.

Economy

Eurozone sees drop in building work as demand remains weak

France saw its most dramatic fall in construction activity since January, while German firms continue to struggle.

Economy

The anti-growth traps: What stops countries from getting ahead?

Middle-income nations are stuck on the road from rags to riches. According to the World Bank, the status quo is partly to blame.

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Economy

More Germans left without jobs this summer as economy contracts

The unemployment rate in Germany is creeping back up to levels seen during the early phase of the pandemic.

Economy

Hard times for Latvia as eurozone nations share mixed economic updates

Ireland and Belgium's economies continued to grow from April to June - although Latvia's was not so lucky.

Economy

Corporate distress levels up in Germany but down in UK and France

Some of the most distressed sectors also continued to be retail, healthcare and property, especially burdened by the high cost of borrowing.

Economy

UK economy receives surprise boost after month of zero growth

May's output was lifted by an uptick in the services sector as sunshine boosted consumer spending.

Economy

European financial markets 'too fragmented', warns S&P Global

Although growth in the Eurozone is back, geopolitical risks posed by the conflicts in Ukraine and the Middle East remain, along with tighter financial conditions and the reshaping of the political landscape across Europe.

Business

EY: The growth at all costs era is over. Sustainability is key

Businesses have never been under so much pressure to deliver on sustainability but balancing it with profitability is becoming increasingly complex in a world of geopolitical unrest and disinformation.

Economy

UK long-term sickness record rise fuels fears over economic growth

Long-term sickness leads to a growing number of people who are neither working nor looking for a job, known as economically inactive. This poses a significant risk to economic growth.

Economy

Swiftonomics: How Taylor Swift's tours boost the economy

Taylor Swift's tours usually drive a number of tourists to cities hosting concerts, boosting hotel prices especially.

Economy

WEF: Economic outlook improves for 2024, but geopolitical woes remain

Although the United States and Asia are expected to see decent growth, European prospects remain bleak.

Business

EBRD reveals how sanctions on Russia has impacted its economy

The European Bank for Reconstruction and Development (EBRD) has unveiled surprising growth forecasts for Russia as it examines the impact of sanctions on the country.

Economy

Is part-time work fuelling Germany’s economic woes?

The minister president of Saxony, Michael Kretschmer, says a return to the 40-hour week is necessary to maintain economic prosperity in Germany.

Economy

UK shakes off recession with 0.6% GDP growth in first quarter

In a pre-election boost for Prime Minister Rishi Sunak, national output surpasses analysts’ expectations.

Business

OECD economic outlook: Steady global growth expected for 2024 and 2025

The OECD has released its latest economic outlook and said it expects steady global growth in 2024 and 2025.

The Big Question

Energy, regulation and openness: How to make the EU competitive again

“None of those goals will be achievable if we don't get back into a growth mode in Europe,” says Business Europe President, Fredrik Persson

Economy

UK economy grows for the second month in a row after mild recession

February's expansion in national output raises hopes that the UK is moving out of a recession.

Economy

German industrial production picks up at fastest rate seen in a year

Factory output in Germany surpasses predictions for February, although a significant recovery seems far off.