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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.

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Economy

Eurozone economy grows marginally, boosted by household spending

The eurozone economy saw a slight rise in the last quarter of 2024, although major economies such as France and Germany continued to lag.

Economy

Italy sees moderate GDP rise and sharply falling deficit in 2024

The European Union’s third-largest economy expanded by 0.7% in 2024, fuelled by domestic consumption and increased exports. The budget deficit sharply dropped compared to the previous year.

Economy

Eurozone records marginal GDP growth after forecasts of stagnation

Regional output was slightly better than previously thought, although the eurozone is still hampered by productivity woes.

Europe News

Poland's president vows to spend 4.7% of GDP on defence this year

Poland already spends more of its GDP on defence than any other NATO country, followed by Estonia and the US.

Economy

Spain's economy remains robust with jobless total lowest for 16+ years

Analysts expect Spain's economy to continue to recover in the coming months, despite being likely to stay vulnerable to the continuing effects of the Valencia floods, and with the possibility of tariffs being imposed on the EU by the US.

Economy

WEF issues warning over split threat posed to global financial system

Rising geopolitical tensions are increasing fragmentation of the global financial system and pose a risk to both global prosperity and human progress, according to a report from the World Economic Forum.

Earth News

Global GDP could be halved if we don’t take urgent climate action

People are already impacted by food system shocks, water insecurity, heat stress and infectious diseases. If unchecked, mass mortality, mass displacement, severe economic contraction and conflict become more likely.

Economy

Poland keeps interest rate steady as inflation lingers above target

Poland’s central bank has revealed its reluctance to cut interest rates before the end of this year, as a number of economic factors risk pushing inflation up once more.

Economy

UK economy returns to growth for first time in three months

The UK economy returned to growth in November following an unrevised contraction in October. It is news that will offer relief to Chancellor Rachel Reeves following the bond market turmoil that has seen her fiscal decisions called into question.

Economy

Germany's economy shrinks for a second year in a row as election looms

Europe's biggest economy shrank for a second year in a row in 2024, according to data released on Wednesday by the Federal Statistics Office.

Europe in Motion

How do America's poorest states compare to Europe's largest economies?

The poorest US state has a higher GDP per capita than Europe’s top economies, except for Germany. Is this set to continue being the case in 2025?

Economy

Poorest US state rivals Germany: GDP per capita in US and Europe

Mississippi, the poorest state in the United States, is close to surpassing Europe's largest economy Germany's GDP per capita. Euronews Business compares US states with European countries.

Economy

UK economy stagnates as concerns of recession increase

Revised figures show that the UK's economy registered zero growth between July and September as both the services and production sectors saw marked declines.

Economy

UK economy unexpectedly shrinks in October for second straight month

The figures come as a setback for the new Labour government and its pro-growth agenda.

Economy

French central bank expects zero growth in fourth quarter

The bank's monthly survey shows a rising uncertainty among businesses in Europe's second-biggest economy.

Europe in Motion

Defence spending boost: Which EU countries are investing the most?

Largely fuelled by the war in Ukraine, EU member states' military spending peaked at €279 billion in 2023, with 2024 expected to hit €326 billion.