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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

What EU exports could be hit hardest by Trump’s 50% tariff threat?

Key sectors, including chemicals, machinery and vehicles, could be the hardest hit by the US President’s threat of imposing 50% tariffs on EU goods.

Economy

‘Surprisingly good March’ helps German GDP exceed expectations

The German economy, Europe's biggest, grew by 0.4% in the first quarter thanks to stronger-than-expected exports and manufacturing.

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

OECD growth slows abruptly to 0.1% in the first three months of 2025

The overall GDP growth of the 38 countries of the OECD, providing more than 40% of the global economy, slowed down substantially in the first quarter of 2025.

Economy

How much will Trump’s tariffs drag on the EU economy in 2025?

The European Commission cut back its growth forecasts for this year and the next on Monday, due to the impact of US President Donald Trump’s tariff policies.

Economy

UK becomes fastest-growing G7 economy after strong first quarter

The UK economy recorded a better than expected first quarter, but experts warn, new taxes on UK businesses and high global uncertainty may slow down growth in the coming months.

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

Eurozone grows 0.3% at the start of the year, industrial output soars

Eurozone GDP grew 0.3% in the first quarter of 2025, with strong gains in Ireland and Spain. Employment rose 0.3%, beating forecasts. March industrial output surged 2.6%, the fastest in five years.

Europe News

Trump wants to hear how NATO allies plan to boost defence spending

Trump insists NATO members should commit to spending at least 5% of GDP on defence, but that would require investment at an unprecedented scale.

Economy

Eurozone GDP beats expectations with 0.4% growth in first quarter

The eurozone economy grew 0.4% in Q1 2025, doubling the previous quarter's pace and beating forecasts. Ireland led growth, followed by Spain, while Germany rebounded.

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

IMF: Tariffs will not spark global recession but will weaken economy

Surging US tariffs will weaken the global economy and push up inflation this year, according to the International Monetary Fund.

Markets

Euroviews. The euro as a safe haven: Is it here to stay?

While the euro's rise as a safe haven is promising, sustaining this trend requires more than just fiscal stimulus, S&P Global Ratings' Sylvain Broyer writes in a Euroviews exclusive.

Europe in Motion

How can social mobility boost Europe’s economy?

A new study shows that Europe's progress on social mobility has stalled over the past decade, holding back the continent's combined GDP by an estimated €1.3 trillion.

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.

Economy

US growth upgraded to 2.4%, Commerce Department says

The expansion in the last three months of 2024 was supported by a surge in consumer spending and is an improvement on previous estimates.

Economy

French deficit came in lower than expected in 2024 but risks remain

The public deficit was 5.8% of GDP in 2024 instead of the expected 6%, yet the Minister of the Economy said it was "not good news".

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.

Economy

The UK economy unexpectedly contracts in January in setback for state

The British economy shrank in the first month of 2025 compared with December, driven by a decline in production.