Economic Growth

German data suggest eurozone economy still on upward path

May 25, 2018

A closely watched index of German business sentiment was unchanged in May after five straight monthly drops, offering a hopeful sign that Europe's economy recovery is still in business

Analysis says Trump budget won't curb deficits as promised

May 24, 2018

The nonpartisan Congressional Budget Office says President Donald Trump's budget plan won't curb the spiraling budget deficit as it claims

Economists see potential nightmare in new Italian government

May 22, 2018

The prospect of a populist government in Italy has spooked European partners and investors who fear its euroskeptic, budget-busting program could shake the region's cohesion and undermine growth.

UN forecasting global economy will expand by over 3 percent

May 17, 2018

The United Nations is forecasting that the global economy will expand by more than 3 percent this year and next year _ but it warns that increasing risks could trigger "a shock to investment and trade" and a sharp drop to 1.8 percent growth in 2019

Lowest US birth rate in 3 decades could pose risk to economy

May 17, 2018

US births fell last year to 30-year low, a potential drag on the economy in coming years

New Zealand to spend billions on fixing hospitals, schools

May 17, 2018

New Zealand's government plans to spend billions of dollars rebuilding rotting hospitals and improving other infrastructure as the economy continues to grow at a healthy clip

Cyprus expects strong growth to bring full employment

May 15, 2018

Cyprus' government says the island nation will return to full employment in as little as three years as long as the economy continues to grow strongly.

German economic growth slows in first quarter

May 15, 2018

Official data show that the German economy grew by 0.3 percent in the first quarter over the previous first-month period, a slower pace than in preceding quarters

Germany eyes goal of 1.5 percent defense spending by 2025

May 14, 2018

Germany's defense minister says Berlin will raise military spending to 1.5 percent of GDP by 2025 _ far short of the 2 percent goal demanded of NATO members by U.S. President Donald Trump

After cold hits economy, UK central bank keeps rate on hold

May 10, 2018

The Bank of England has kept its main interest rate on hold as a run of soft economic data has made it more cautious about the outlook for Britain.

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