Economic Growth

The Latest: UK central bank defends change of mind on rates

May 10, 2018

Bank of England Governor Mark Carney has defended himself against a charge that his public comments on interest rate moves lack credibility.

German government sees higher tax take as economy grows

May 9, 2018

The German government says solid economic growth and low unemployment are expected to boost its tax take over the next few years

Bank of England likely to delay rate hike as economy slows

May 9, 2018

The Bank of England is not expect to raise its key interest rate on Thursday, as it had signaled for weeks, after weak economic data.

US oil prices top $70 a barrel for the first time since 2014

May 7, 2018

US oil shoots above $70 a barrel for the first time since late 2014, foreshadowing costlier gasoline and consumer goods

California now world's 5th largest economy, surpassing UK

May 4, 2018

California has surpassed the United Kingdom to become the world's fifth largest economy

US productivity grows at tepid 0.7 percent rate in Q1

May 3, 2018

US productivity grows at weak annual rate of 0.7 percent in Q1 as labor costs increase

EU predicts bright outlook for economy, tougher times for UK

May 3, 2018

The European Union is expecting strong growth this year and next year while but predicts departing Britain will have tougher times.

Late winter blast sees eurozone growth slow in momentum

May 2, 2018

Official figures show that economic growth across the 19-country eurozone slowed down in the first three months of the year

March consumer spending rebounds 0.4 percent as wages rise

Apr 30, 2018

US consumer spending rose 0.4 percent in March, while annual inflation up 1.9 percent

Greek economy seen growing 2 percent this year

Apr 30, 2018

The Organization for Economic Cooperation and Development says Greece is on track to recover from its depression, but long-term growth prospects are modest and further reforms must be pursued

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