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Economy

Germany’s GDP contraction worse than expected after tariff boost

The economy had seen a slight uptick at the start of this year as businesses sought to get ahead of tariffs, but the country has now slipped back into contraction territory.

Economy

Eurozone business activity hits 15-month high in August

The eurozone's economy is gathering momentum as its latest business activity indicator, the flash composite PMI, increased in August, surpassing expectations. It was boosted by manufacturing, which expanded in the bloc for the first time since June 2022.

Economy

Which countries collect the most from property taxes across Europe?

Property tax policies vary across Europe. In some countries, such as the UK and France, property taxes make up a significant share of both GDP and total taxation.

Economy

Growth fades in Europe: Is the recovery already running out of steam?

The eurozone economy barely grew in the second quarter. Germany and Italy contracted, while Spain continued to shine.

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Economy

The UK economy grows despite tariff pressures, outpacing G7 peers

While not comparable to the growth at the beginning of the year, July's numbers are bigger than predicted and signal a greater resilience than other top G7 economies.

Business

Rheinmetall secures €770mn order from German army amid defence boom

The deal for more than 1,000 logistics vehicles comes as Europe ramps up military spending in response to global tensions.

Economy

Fed's Powell leaves interest rates unchanged despite Trump demands

The Fed left its key short-term interest rate unchanged for the fifth time this year, at about 4.3%, as was expected.

Economy

Eurozone growth slows: Spain leads and Germany contracts

Eurozone GDP rose just 0.1% in the second quarter of 2025, down from 0.6% in Q1, as Germany and Italy slipped into contraction. Spain led growth at 0.7%, while France surprised with 0.3% growth.

Economy

The UK’s weak economic growth and Brexit: Is the worst over?

The UK’s decision to leave the European Union has left lasting impacts on the country’s economy. While many of the repercussions appear to be longstanding, including low productivity, Euronews Business asked experts whether they think the worst is over.

Economy

Chinese economy grows at a 5.2% annual pace despite trade war

China achieved GDP growth for the last quarter above the official 5% target, although strong exports to markets aside from the US masked weak domestic consumption.

Economy

Heatwaves: Which European countries face the biggest economic losses?

Rising heat is already affecting Europe’s economy, and researchers warn the losses in GDP and productivity will worsen in the decades ahead.

Economy

UK economy contracts again in May despite government growth push

A modest 0.1% expansion was expected, although tariffs and tax increases continue to hamper growth.

Economy

How did Spain overtake Japan in GDP per capita?

Spain’s economy is thriving, driven by a global boost in services, mainly tourism, overtaking the sluggish performance of the Japanese economy in the last decade.

Europe News

Spain rejects NATO's 5% of GDP spending proposal as 'unreasonable'

Spain was the lowest spender in the trans-Atlantic alliance last year, directing less than 2% of its GDP on defence expenditure.

Economy

Eurozone economy grows by 0.6%: Lagarde shuts door on July rate cut

The eurozone gross domestic product grew by 0.6% quarter-over-quarter in the first quarter of 2025, marking the strongest pace of growth since late 2022. ECB's President Christine Lagarde hinted that a July pause in rate cuts may be warranted.

Business

Amazon outlines job initiatives in Europe's low-employment areas

Amazon has outlined to Euronews how it is planning to boost job initiatives in Europe's low-employment areas as it also releases its latest impact report.

Economy

OECD outlook: Can the global economy survive trade pressures in 2025?

The OECD forecasts a continued slowdown in global economic growth this year, driven by persistent trade tensions — such as US tariffs — and stubbornly high inflation.

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.