OECD Warns Of European Slowdown
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Credit worries will take a further bite out of global economic growth, including Europe.
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Germany's economic recovery will slow in 2005 as high oil prices and the strong euro threaten Europe's largest economy, the government's council of economic advisers said Wednesday.
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The European Union's new member states are falling behind in their drive towards joining the euro, the European Central Bank warned on Wednesday.
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The global economy is likely to slow due to the impact of a big correction in the U.S. balance of payments deficit but should avoid recession, Italian Economy Minister Tommaso Padoa-Schioppa told the Financial Times.
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Weak growth in the 25-member European Union bloc is endangering the global economy, Britain's Chancellor of the Exchequer Gordon Brown warned in a newspaper article.
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Europe&#39;s demographic crisis could break public finances and slash growth to stall-speed within a decade, according to a wise-men&#39;s report published by the European Commission yesterday.
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Soaring oil prices have dealt a blow to global economic growth in recent months, but fatter corporate profits and investment should facilitate a rebound in 2005, the OECD said Tuesday.
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The Organization for Economic Cooperation and Development (OECD) said Tuesday that the growth in all OECD countries is expected to be steady after the second quarter&#39;s stagnation.
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Eurozone experts are growing increasingly cautious about the outlook for growth in the single currency area in the face of the anticipated slowdown of the global economy, a new poll conducted by the European ...
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The European Union on Thursday warned four countries - Germany, Italy, Portugal and Greece - that they risked violating budget rules next year if they do not further cut deficits.
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The European Commission yesterday cut its growth forecast for 2005 and warned that nearly half of euro zone members were set to breach their own budget rules, as surging oil prices hit a fragile recovery.
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The recent financial markets chaos which plagued banking group Northern Rock could put the brakes on Britain&#39;s economic growth, the OECD research institute warned Thursday.
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Eurozone indicators due this week will provide further evidence of weak economic confidence and slowing output, while British data was expected to show a pick-up in industrial activity, economists said.
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Economic growth in the 12 nations sharing the euro probably slowed in the third quarter as record oil prices crimped global demand and rising unemployment weighed on consumer spending, a survey of economists ...
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Fears of an economic slowdown in Europe deepened on Friday, after the release of weaker-than-expected data and another record in the euroâs relentless rise against the dollar.
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The growth of the euro-zone economy slowed in the final quarter of 2004 as Germany, the Netherlands, Italy and Greece each experienced a contraction in output, European Union data showed Tuesday.
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The European economy slowed significantly in the second quarter as spending lagged, official reports showed on Tuesday, and economists expected growth in the region to be soft into early next year as consumers ...