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Now playing Next Europe News Eurozone inflation falls back to single digits at 9.2% The record-breaking surge in prices seen in 2022 is steadily abating, according to new numbers released by Eurostat. 06/01/2023
Now playing Next Money One-third of the world faces recession in 2023, IMF warns The new year is going to be "tougher than the year we leave behind," says IMF Managing Director Kristalina Georgieva. 02/01/2023
Now playing Next France French economy should stave off recession in 2022, says Bank of France France's GDP will grow by a slight 0.1% in the last four months of this year, the national bank predicted on Thursday. 08/12/2022
Now playing Next Travel News Global travel summit wraps up in Saudi Arabia The largest in-person gathering of Minsters of Tourism and CEOs of tourism companies strives to align efforts to support the sector’s recovery from the pandemic. 01/12/2022
Now playing Next Europe News What is a recession? Is Europe already in one? It's not easy to tell Russia's war in Ukraine and the global energy crisis have drastically worsened Europe's economic outlook. 28/11/2022
Now playing Next United Kingdom Hunt strives to play up UK's performance as he sets out austere budget The UK finance minister said Britain was holding up against "unprecedented global headwinds" as he outlined a severe package of cuts and tax rises. 17/11/2022
Now playing Next United Kingdom Highest interest rates rise since 1989 despite 'looming recession' UK finance minister Jeremy Hunt said Thursday's 0.75% hike by the Bank of England would be "very tough" for families with mortgages and businesses with loans. 03/11/2022
Now playing Next Europe News Half of eurozone countries heading for recession, IMF chief predicts "The loss to the European people is quite, quite dramatic," Kristalina Georgieva told Euronews. 27/10/2022
Now playing Next United Kingdom New UK chancellor says mistakes were made and taxes could rise New Chancellor of the Exchequer Jeremy Hunt, a two-time Tory leadership candidate, said PM Liz Truss' government has to "show the world we have a plan that adds up financially." 15/10/2022
Now playing Next Money Is the global economy sliding into recession and what could it mean? Escalating inflation, the war in Ukraine and low consumer confidence are spelling headwinds for the global economy. 06/09/2022
Now playing Next Money What is shrinkflation, skimpflation and stagflation? As economic panic sets in, many are worried about inflation and especially stagnation and are fed up with skimpflation. But what do these terms mean? 26/08/2022
Now playing Next Europe News Europe's energy crisis haunts the euro as it tumbles to 20-year low A new spike in energy prices has added to fears of recession, with manufacturing surveys due on Tuesday expected to highlight the damage done to activity. 23/08/2022
Now playing Next Affiliate content Can a career move help with the rising cost of living? With prices soaring, is now the time to switch jobs or even careers? 12/08/2022
Now playing Next United Kingdom Big interest rate hike in UK as Bank of England predicts recession The country's central bank also announced the biggest interest rate hike in over 27 years in an attempt to curb the economic fallout caused by the war in Ukraine. 04/08/2022
Now playing Next USA Biden: US economy 'on the right track' despite recession fears US president Joe Biden has said his country is "on the right track", despite its economy shrinking for the second quarter in a row. 28/07/2022
Now playing Next Money What’s a bear market and should we worry about another global crash? The US has fallen into a bear market thanks to the Ukraine war, supply-chain issues and a number of other factors. But what does this mean for investors? 17/06/2022
Now playing Next Work Is the party over for fast grocery delivery apps? The boom of fast grocery delivery services over the last few years seems to be running out of steam, with a raft of firms now cutting costs - and jobs. 09/06/2022
Now playing Next Biztech news Swedish 'buy now, pay later' firm Klarna to lay off 10% of staff Klarna's CEO told staff in a pre-recorded video message: "What we are seeing now in the world is not temporary or short-lived, and hence we need to act". 24/05/2022
Now playing Next world news Europe's economy bounces back from a double-dip recession EU countries emerged from a double-dip recession in the second quarter with a growth of 1.9% more than the quarter before, according to figures released by Eurostat 30/07/2021
Now playing Next world news Europe’s economy slid back into recession as US roared ahead The European economy officially entered a double-dip recession in the first quarter of the year, as the continent paid the price for slow vaccine rollouts and extended lockdowns. 30/04/2021