economicgrowth
There are 44 countries in Europe and across all of them there’s an estimated 32 million active enterprises, according to 2022 data from the European Commission. However, growth has been pretty bleak in the past few years. The European Central Bank (ECB) estimated growth in 2023 to be 0.6%, and is only projecting a marginal improvement of 0.8% in 2024. To put that in context, in the USA GDP increased at an annual rate of 3.3% in the fourth quarter of 2023 and both Reuters and the World Bank have put China’s 2023 growth at 5.2%. So what is Europe doing wrong? In this episode of The Big Question,...
Euronews (English)
The UK's gross domestic product rose by 0.1% in February, confirming that the UK economy has now been expanding for two consecutive months. January’s growth reading, formerly 0.2%, was also revised up to 0.3%, according to data released by the Office for National Statistics on Friday. The expansion seen in February, which was in line with analysts' forecasts, comes as a welcome sign after the UK slipped into a recession late last year, marked by two consecutive quarters of economic contraction. If the economy expands in the first three months of 2024, the recession can be classed as over, mean...
Euronews (English)
German industrial production increased for the second consecutive month in February, according to data released by the country's official statistics agency on Monday. Compared with January, industrial output increased by 2.1%, the most dramatic monthly rise seen since January 2023. The figure is far more positive than expected, with Reuters analysts having predicted a 0.3% rise. Annual production, however, is still down 4.9%. The driving force behind the monthly increase was a 7.9% jump in the construction sector, as building projects benefited from milder weather. Carmaking output also rose b...
Euronews (English)
When Europe votes for a new Parliament in June, the outcome will indirectly influence the appointment of a new Commission President. After five years in the role, German politician Ursula von der Leyen is once again putting her hat in the ring, hoping to hold on to her title as head of the EU's executive arm. Given the wider context of her term, von der Leyen is finishing this leg with a significant legacy. Rarely has a Commission chief weathered such a series of challenges, notably the COVID-19 pandemic, Russia's invasion of Ukraine, and the inflationary spike these two events triggered. Whil...
Euronews (English)
The UK's gross domestic product (GDP) rose by 0.2% in the month to January, according to data released by the Office for National Statistics on Wednesday. The GDP indicator, which measures the nation's output, offers a glimpse of hope after the UK fell into a shallow recession last year, marked by two consecutive quarters of economic contraction. "While the [overall growth] figure is tiny, the fact it is growing at all is a positive," said Russ Mould, investment director at AJ Bell. "Investors want the UK's recession status cast into the rear-view mirror so they can focus on how potential loos...
Euronews (English)
Switzerland's GDP grew by 0.3% in the fourth quarter of 2023, keeping in step with the country's below-average growth from the previous quarter. The Swiss Federal Statistical Office said on Thursday that the services sector was one of the main growth drivers, thanks to recovering tourism following the COVID-19 pandemic. Specifically, the accommodation and food services sector increased by 3.5%, while increased travel helped to push up the transport and communication sector by 0.4%. Denmark's GDP soars thanks to growing pharma sectorEurozone avoids recession but remains stagnant as Germany stru...
Euronews (English)
If you asked the average person to list all the things that drive economic growth, “Wall Street” (or some variation) would probably be right at the top. But while that may be true to a certain extent, it’s equally valid to point out that hidden gems drive that same growth in some of the most unexpected places. Paying closer attention to some of these hidden gems creates an opportunity to better understand how far we’ve come and where we might be headed. It proves that the economy is changing positively, provided that you know where to look for this evidence. It’s also a positive sign that this...
Due
Germany’s quarter-on-quarter gross domestic product (GDP) report for Q4 2023 was released on Thursday morning. Europe’s largest economy saw a decline of 0.3% in the last quarter of 2023, according to the Federal Statistical Office. This was in line with analyst expectations. In the third quarter of 2023, Germany’s GDP contracted -0.1%. Due to the fourth quarter of the year also seeing a contraction, Germany could potentially be in technical recession, which is widely defined as two consecutive quarters of negative growth. This was mainly due to higher prices, as well as soaring interest rates ...
Euronews (English)
Europe's largest economy may have already slid into a recession, according to Germany's central bank, the Deutsche Bundesbank. This is mainly due to a number of factors such as dampened construction activity, strikes and falling foreign demand. The news comes after the German economy saw a fall of 0.3% in the last quarter of 2023. Looking forward to expectations for the current quarter, the Bundesbank said in its monthly report that "stress factors would probably remain in the first quarter" which would mean "economic output could therefore decline again slightly in the first quarter of 2024"....
Euronews (English)
European shares were fairly downbeat on Monday morning, following French stocks being particularly downcast due to the French government cutting the country's economic growth for 2024. France's gross domestic product (GDP) outlook was slashed from 1.4% to 1% for the year, due to the ongoing damage caused by the Russia-Ukraine war as well as reduced trade with China and Germany. The CAC 40 index dropped 0.43% to 7,734.6, whereas the Stoxx 600 index was mostly flat at 491.6. Conversely, the FTSE 100 index was up 0.41% to 7,724.8. Banking stocks shine, IT and steel stocks amongst stragglersCredit...
Euronews (English)
閲覧を続けるには、ノアドット株式会社が「プライバシーポリシー」に定める「アクセスデータ」を取得することを含む「nor.利用規約」に同意する必要があります。
「これは何?」という方はこちら