About: recession

Brexit 02-08-2018

Bank of England poised to raise rates in the face of Brexit risk

The Bank of England looks set to raise interest rates on Thursday (2 August) to their highest level since the financial crisis, defying warnings that it is taking a gamble ahead of Brexit, the terms of which remain unclear.
Global Europe 24-08-2016

Venezuela democracy under threat, EU parliament chief says

European Parliament President Martin Schulz warned on Tuesday (23 August) that Venezuela's democracy is "in danger", as it grapples with a severe political and economic crisis.
Euro & Finance 03-08-2016

UK recession more likely as services sector shrinks

Activity in Britain's crucial services sector sank in July following the vote to leave the EU, a survey by the research Markit group showed today (3 August), making a recession more likely.
Brexit 27-06-2016

Survey: One fifth of British businesses may move operations abroad

One fifth of British business leaders are considering moving operations abroad after the country's shock decision to leave the EU, according to a survey from a leading business lobby group.
Languages & Culture 01-07-2015

The Great Recession novel: David Machado’s Average Happiness Index

SPECIAL REPORT / Economic crises might not be ideal for funding newspapers, but they’ve always inspired great fiction.
Global Europe 19-01-2015

Beware Davos predictions, recent experience suggests

As the world's business and political elite ascends the Swiss Alps for an annual bout of crystal-ball gazing this week, history suggests the Davos pundits are likely to get plenty of things wrong.
Euro & Finance 14-08-2013

Finance Commissioner cautious as longest recession ends

The eurozone has exited its record 18 months of economic contraction as Eurostat GDP flash estimates recorded better than expected 0.3% growth in the currency area and in the wider European Union today (14 August).
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Economy & Jobs 03-05-2013

EU unveils gloomy eurozone growth forecast

The eurozone economy will shrink more than expected this year, according to the European Commission which published its Spring Economic Forecast on Friday. The Commission's outlook also showed that 4 of the largest euro zone economies – France, Spain, Italy and the Netherlands – will be in recession throughout 2013. Only Germany's economy will grow.

Spain’s population falls for first time since civil war

Spain's population fell last year for the first time since the 1940s as immigrants fled a five-year on-and-off recession that has sent unemployment soaring.
Euro & Finance 14-02-2013

Eurozone economy falls deeper into recession

The eurozone slipped deeper into recession in the last three months of 2012 after its largest economies, Germany and France, shrank markedly at the end of the year. It marked the currency bloc's first full year in which no quarter produced growth, extending back to 1995.
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EU unemployment hits peak ‘not seen in 20 years’, commission says

After five years of economic crisis and the return of a recession in 2012, unemployment is hitting peaks not seen for almost 20 years, according to a report by the European Commission published yesterday (8 January), which showed growing disparity between North and South Europe.

Unemployment hits peak ‘not seen in 20 years’, Commission says

After five years of economic crisis and the return of a recession in 2012, unemployment is hitting peaks not seen for almost 20 years, according to a report by the European Commission published yesterday (8 January), which showed growing disparity between North and South Europe.
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Economy & Jobs 06-12-2012

EU promotes ‘youth guarantee’ scheme for the unemployed

The European Commission on Wednesday presented a proposal aimed at tackling youth unemployment across Europe. The new package includes the so-called "Youth guarantee". It is a tool that hopes to ensure that all youth under 25 receive a quality job, internship or education offer within four months of finishing school or becoming unemployed.
Brexit 17-08-2012

Economists see eurozone recession for 2012

The eurozone will slip into recession and won't grow until 2013, according a poll of economists who also don't expect any new aggressive policy response from the European Central Bank.
Euro & Finance 16-08-2012

New Serbian government ensnared in economic problems

Serbia’s three-week-old government is already entangled in the country’s difficult economic situation, with early moves such as diminishing the independence of the country's National Bank has raising concern in international circles, EURACTIV Serbia reports.
Euro & Finance 13-08-2012

German economy cools, raising concerns about eurozone

Three years into the eurozone debt crisis, the gravity-defying German economy has stalled and some fear it could fall into recession in the second half of this year.
Euro & Finance 06-07-2012

Central banks move to jump-start economies

The eurozone, China and Britain loosened monetary policy in the space of less than an hour yesterday (5 July), signalling a growing level of alarm about the world economy, although suggestions of coordinated action were played down.

Obama: EU failed to take ‘decisive steps’ in crisis

US President Barack Obama said on Thursday (10 May) that Europe was still in a difficult place economically in part because it did not take some of the steps the United States did. These had included a large-scale fiscal stimulus programme and aggressive action by the Federal Reverve, the US central bank.
Elections 07-05-2012

The Ancien Régime unravels in Greece

The achievement of only a third of the vote by Greece's traditional conservative and socialist ruling parties marks the end of the old political order, an electoral revolution which could spread to other European countries if the crisis continues, argues Yiannis Roubatis.
Trade & Society 16-04-2012

Solar companies warn against ‘dangerous’ tariff talk

Unpredictable cuts to Europe's feed-in tariff schemes for solar energy threaten the recession-hit renewable sector with disaster, the head of the solar industry’s business association has told EURACTIV.

Trade unions blame Germany, EU for double-dip recession

A new study by the European Trade Union Institute (ETUI) maps out the effects of the economic crisis on unemployment and inequality. It blames EU leaders, notably the European Commission’s push for austerity in early 2011 and the European Central Bank’s previously tight monetary policy, for the failure to spur a recovery.
Euro & Finance 09-03-2012

Economists say euro crisis may not be over

A top EU economist has warned that consumption is unsustainable in parts of the eurozone and that many countries would not recover economically for "many years" - an assessment backed other experts who call for reforms at European and national levels.
Euro & Finance 23-02-2012

EU enters in ‘mild recession’

The eurozone is heading towards a “mild recession”, according to updated European Commission forecasts, and will contract by 0.3% in 2012.
Euro & Finance 15-02-2012

EU economies need reform to avoid debt crisis replay

Twelve European economies - including Britain, Italy and France - have deep weaknesses that are undermining growth and need to be tackled, the EU said on Tuesday as it stepped up its surveillance to avoid a repeat of the devastating debt crisis.