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Economy

What Europe can learn from the US about growth, reveals IMF report

A slowdown in productivity growth in Europe has became one of the key reasons behind a widening per capita income gap with the United States, according to the IMF's latest productivity report.

Economy

Sweden cuts key interest rate to boost staggering economy

Sweden cuts its key rate by 0.5 percentage points to 2.75%, the largest reduction in over a decade.

Europe in Motion

These EU countries have the highest tax-to-GDP ratio

Tax-to-GDP ratio has seen a slight decline across the EU in 2023. However, trends varied significantly amongst different countries.

Economy

Why is Spain's economy growing faster than its eurozone peers?

The Spanish economy has shown robust growth in recent years, although experts question how long it will last.

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Economy

Hungary unexpectedly dips into recession for second time in two years

Hungarian gross domestic product (GDP) turned negative for the second quarter in a row.

Economy

China: World's second-largest economy sees growth slowing

The economy has remained sluggish despite the lifting of Covid restrictions at the end of 2022. Consumer confidence is low and the property market remains a drag on the economy.

The Big Question

WMHD: What is the cost of poor mental health?

Two thirds of people around the world struggle to access mental health support but can we afford to continue down this path?

Economy

OECD: Belgium needs to cut public spending to reduce debt and deficit

The debt keeps swelling and if no action is taken, the OECD warns, it could reach 200% of the GDP by 2050.

Economy

Bank of France deputy governor on the challenges central banks face

Banque de France (Bank of France) deputy governor, Agnès Bénassy-Quéré, spoke to Euronews' Angela Barnes about the challenges ahead for central banks as the latest ECB rate decision hangs in the balance.

The Big Question

The Big Question: What is the economic impact of the Olympic Games?

France spent €2bn on the Olympics - has the country benefited economically? Banque de France deputy governor, Agnès Bénassy-Quéré considers France’s current economic outlook.

Economy

ECB rate cut looking more likely as eurozone growth downwardly revised

Eurozone growth for the second quarter was revised down to 0.2%, marking a slowdown compared to the first quarter. Germany contracted, while Spain saw strong growth. The ECB is expected to cut rates by 25bps next week.

Economy

German economy shrinks as consumers shy away from spending

Germany contracted by 0.1% in the second quarter of the year, raising recession fears. Consumer confidence plummeted, investments weakened, and the economy sharply underperformed compared to other major nations.

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

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

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.

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

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.

Economy

The Brussels boost: How the EU-8 have grown their economies

Twenty years ago today, 10 new countries joined the European Union. A new report looks at the economic progress of eight of those member states.

Business

Vive la simplification: France wants to cut bureaucracy for businesses

President Macron’s government embarks on a tape-cutting crusade to support overburdened companies and boost growth.

Business

UK spending closer to France's than the US, says World Bank economist

The increase in public spending in the UK is slowing down economic growth and making the country seem to be operating more like France than the US, says the World Bank's chief economist.