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Economy

G7: British PM says 'more equal' recovery from pandemic needed

G7 leaders are gathering in England where they will discuss a range of issues including supplying poor countries with COVID vaccines and climate change.

Economy

OECD: Much of Europe to take three years to recover from pandemic

Many of Europe’s economies are expected to take nearly three years to recover to pre-pandemic levels, despite global prospects improving as countries open up and roll out vaccination programmes.

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.

Economy

Brussels wants to cut down EU's dependence on key imports

The European Commission has identified 137 products in strategic sectors, like healthcare and high tech, where the EU is highly dependent on imports.

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Economy

Europe’s economy slid back into recession as US roared ahead

The European economy officially entered a double-dip recession in the first quarter of the year, as the continent paid the price for slow vaccine rollouts and extended lockdowns.

Economy

North Macedonia warns EU not to disengage from Western Balkans

Stevo Pendarovski said that if Europe leaves a void in the region, Russia and China will fill it.

Real Economy

A safe bet? Why the EU funds its recovery plan on the bond markets

In partnership with The European Commission

As the EU finances its pandemic recovery with multi-billion bond sales, Real Economy asks what this means for Europe's jobs and businesses

Green News

UK consumers will soon have a 'right to repair' on goods they buy

Fixing and updating electronics is cheaper and more energy efficient than buying new ones.

Economy

Europe's week: Orban leaves the EPP, as Brexit makes a dramatic return

While Hungarian Prime Minister Viktor Orban left the EPP Group after it changed its internal rules, MEPs delayed a decision on when to vote on the Brexit deal.

Economy

Eurozone's rising debt 'likely to equal its GDP for first time'

The 100% debt-to-GDP ratio will be the legacy of the huge borrowing undertaken to cushion the impact of the coronavirus lockdowns.

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

Bankruptcies in the EU rose by a quarter, latest figures show

In the three months to September, the number of firms going bust compared to the April-June quarter was 25.7% higher.

Real Economy

EU's multi-billion pandemic recovery fund gets go-ahead from European Parliament

In partnership with The European Commission

The European Parliament has voted to approve the EU's Recovery and Resilience Facility, to get the economy back on its feet whilst paving the way to a green transition. We take a look at a green hydrogen plant in France hoping to take advantage of its funds.

Economy

Eurozone economy shrank less than feared in 2020 — Eurostat estimate

The EU's statistics agency says early analysis suggests eurozone GDP fell by 0.7% in the last quarter and 6.8% across 2020.

Real Economy

Can the Green Deal help the EU economy through the pandemic?

In partnership with The European Commission

In this edition of Real Economy, we take a look at the European Green Deal and the role of the European Social Fund (ESF) in creating new green jobs and supporting training in green skills.

Real Economy

The EU scheme making 'SURE' unemployment stays low

In partnership with The European Commission

Government short-time work and furlough schemes across Europe have helped keep people in work and kept unemployment low during the pandemic. Now the EU has created the SURE initiative to provide financial support for these schemes in 18 EU countries.

Economy

European Parliament overwhelmingly passes €1.8 trillion EU budget

The budget had been in jeopardy after both Poland and Hungary threatened to veto it over attempts to tie the release of EU funds to adherence to core EU values.

Business Planet

Europe’s Circular Economy Action Plan

In partnership with The European Commission

Business Planet takes a look at Europe's plans for a Circular Economy and examines what this transition might mean for both businesses and consumers.

Economy

Coronavirus downturn helps accelerate move to green economy, says ECB

"The fact we have this downturn does create some room for accelerating what needed to happen anyway: the green deal and digitisation," said the ECB's chief economist Philip Lane.

Economy

Europe's recovery uncertain amid COVID-19 second wave, says ECB chief

"The second wave of the epidemic in Europe, particularly in France, and the new restrictive measures that accompany it add to [the] uncertainty," said Christine Lagarde, head of the European Central Bank.