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Economy

Inflation hits 3% in euro area as Iran war spreads oil price shock

Soaring oil prices linked to the Iran war pushed inflation higher in the euro area in April, while growth continued to underperform — a worrying combination for both consumers and policymakers at the European Central Bank.

Economy

ECB rate dilemma: Eurozone growth stalls as Iran war fuels inflation

The European Central Bank faces heightened uncertainty ahead of next week’s rate decision, with President Christine Lagarde warning the "stop-start nature" of the Iran war is making the economic outlook harder to assess.

Economy

Richest countries in 2026: France and Germany fail to make the top 10

Measures of “richest countries” can be misleading. A new prosperity index — looking at income, GDP and how wealth translates into quality of life, social cohesion and long-term development — does not place the US, Germany, or France in the top ten.

Economy

Germany halves GDP forecast from 1% to 0.5% due to Iran war fallout

The German government has officially halved its economic growth forecast for 2026, citing the severe impact of energy shocks stemming from the Iran war. This revision reflects a significant cooling for Europe's largest economy.

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Business

Which European countries will be the richest by 2030?

IMF projections show significant increases in GDP per capita in euro terms across Europe by 2030, but the rankings do not change significantly in terms of purchasing power.

Economy

Can Hungary's new government fix an economy in crisis?

Investors are optimistic about the new government's expected economic policies, but an energy crisis and a scramble for EU funds could slow its immediate success.

Economy

EU’s top 5 economies vs top 5 US states: How do they compare in GDP?

Top EU countries and US states appear one after the other in economic size rankings. However, US states surpass the top EU economies in GDP per capita, both in nominal terms and purchasing power.

Economy

Which were Europe's richest and poorest countries in 2025?

Gross domestic product per capita in purchasing power standards varies significantly across Europe in 2025. One in three people in the EU lives in a country where GDP per capita in PPS is above the EU average.

Business

Public holidays: How much does a day off cost in Europe?

Europe takes double-digit public holidays a year on average — but as Denmark showed when it axed one to fund its military, every day off has a price tag.

Economy

OECD cuts eurozone growth forecast as energy prices surge

The OECD said Thursday it was cutting its eurozone growth outlook and forecasting higher inflation for 2026 after the Middle East war caused energy prices to skyrocket.

Economy

Real GDP growth in Europe: Which countries grew the most in 2025?

Spain has the highest real GDP growth among major economies while Germany lags behind. Euronews Business takes a closer look at the figures, with experts explaining the key drivers.

Economy

Spring statement: Iran war casts shadow over UK economic recovery

Chancellor Rachel Reeves sought to strike an upbeat note on Tuesday on the state of the UK economy, even as oil and gas prices surged in the wake of the fast-evolving war with Iran.

EU.XL

'One Europe, One Market': The Commission’s last competitiveness push

Europe is gearing up to close its competitiveness gap with the Commission’s new ‘One Europe, One Market’ roadmap. The aim is to achieve a fully integrated single market by the end of 2027.

Economy

Central Asia outpaces advanced economies with growth above 6%

Economic activity accelerated across Kazakhstan, Uzbekistan, the Kyrgyz Republic and Tajikistan in 2025. Azerbaijan, while outside Central Asia, remained closely linked through energy and trade corridors connecting the region to Europe and global markets.

Earth News

Economic models ‘fail to capture’ severity of climate crisis - report

Scientists have warned that current models are significantly underrepresenting the toll climate change is taking on the global economy.

Travel News

Tourist numbers hit record-high in Spain

Spain has struggled to balance tourism with local life, as residents complain of housing shortages and rising costs.

Economy

Why are Spain and Portugal growing twice as fast as the eurozone?

Iberian economies outperform peers, supported by strong domestic spending and thriving industries.

Economy

Uzbekistan’s economical growth in 2025

Uzbekistan’s GDP exceeded €133bn in 2025, supported by higher investment, rising exports, and growing domestic demand, while employment and household incomes continued to improve.

Earth News

We’ve ‘seriously underestimated’ how fast Earth is warming. Here’s why

Experts have sounded the climate alarm after discovering that global temperatures are accelerating faster than predicted.

Economy

ECB holds interest rates as eurozone economic growth remains robust

The eurozone has managed to weather US tariffs more effectively than expected. Growth remains resilient, while inflation continues to hover around the ECB’s 2% target.