ECB, Paulson see growth threat
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A global credit crisis has increased the threat to growth, the European Central Bank said on Thursday, as G7 governments asked for a report on the genesis of the turmoil for next month's meeting of finance chiefs.
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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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Europe appears to be on the brink of a period of sustained economic growth but it is essential that governments step up the pace of structural reform, the French central bank chief has said.
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FRANKFURT The president of the European Central Bank, Jean-Claude Trichet, said Tuesday that growth next year would not measure up to the bank&#39;s previous expectations as slower exports and rising oil prices take their toll on economic activity in the 12
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Top European central bankers expressed concern on Friday about the success of a concerted action plan to grease the wheels of seized-up money markets, as U.S. banking giant Citigroup faced fresh strife.
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ST. LOUIS  - The Federal Reserve is monitoring growth and inflation risks and it is too soon to tell if housing troubles will push the economy into recession, one of its top policy-makers said on Wednesday.
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Amid U.S. market volatility, some analysts say the European Central Bankâs focus on inflation may be misplaced.
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Supply of credit has tightened and likely to get worse, Bank of England warns
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Federal Reserve Chairman Ben Bernanke and Treasury Secretary Hank Paulson both acknowledged problems in the U.S. economy Thursday, but both believe the nation will avoid falling into recession.
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Eurozone economic chiefs on Monday looked on the bright side of recent &quot;worrisome&quot; data, insisting that the 12-country single currency area was still on course for growth of 2 per cent in 2005.
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Finance ministers and central bank chiefs from the world's 20 biggest economies voiced concern on Saturday over sudden currency swings, venturing for the first time into the territory of the more influential Group of Seven.
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European Central Bank President Jean- Claude Trichet signaled the bank is likely to cut its forecast for 2005 economic growth as the increase in oil prices takes its toll on consumer spending and investment.
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A pick-up in prices will complicate efforts by the Central Bank as it tries to stave off a slowdown in economic growth.
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As the euro and other currencies climb into rarefied territory, exporters are expressing more and more fear about how it will affect their businesses.
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The weekend decision by the Reserve Bank of India to drain banks' surplus funds to contain inflation may be a warning that demand pressures are building up in a fast-growing economy.
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European stocks are under pressure on fears that central banks will not follow the US in slashing interest rates.
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Euro zone economic growth slumped to its slowest pace for more than a year in the third quarter, prompting economists to warn the European Central Bank (ECB) against any monetary tightening in the near term.