Tuesday October 21, 2014

Tag Archives: Eurozone Crisis

Eurozone

Eurozone sees “dramatic improvement” in its economic recovery

Addressing the final day of the World Economic Forum, Head of the European Central Bank (ECB), Mario Draghi, said Eurozone had witnessed “dramatic improvement” in its economic recovery over the past two years. He said risks had declined...
Eurozone

Eurozone jobless rate climbs to record high in October.

The eurozone unemployment rate inched up in October to a record-high 11.7%, compared to 11.6% the previous month, Eurostat, the European Union’s statistics office, said on Friday. That figure marks a new record for the eurozone, while...
BRC

Empty shops at record levels in UK town centres

According to a survey from the British Retail Consortium (BRC), the proportion of empty shops in British town centres hit a record in October in the face of rising costs and sluggish sales. 2012 has seen several high profile retail failures,...
germany euro

Germany economic growth slowing down

According to latest figures, Germany’s economic growth stood at 0.2% between July and September, down from 0.3% in the second quarter and 0.5% in the first three months of the year. Last month, the German government cut its forecast for economic...
Germany economy

Germany talking about a 1% growth

Germany has cut down its forecast for economic growth in 2013 from 1.6% to 1%, its slowest rate since the reunification.  For this year, the economy ministry expects growth of 0.8 percent, up from 0.7 percent in April. The nation has been feeling...
lagarde

Sluggish global economy hurting emerging economies-warns IMF’s Christine Lagarde

The global economic crisis has started to hurt growth in emerging economies warned the International Monetary Fund (IMF) head, Christine Lagarde. There has been a widespread uncertainty in Europe, America, and other places around the globe,...
international monetary fund

IMF warns of instability in the global financial system

In its latest Global Financial Stability Report, published every six months, the International Monetary Fund (IMF) said the global financial risks have increased in the past six months despite the measures taken by the policymakers to make the...
luis de

“Spain does not need a bailout at all”

Rumors have it that Spain will very soon ask for a bailout, as it seems unable to get itself out of its financial difficulty that has hit it since 2008, when global financial crisis cause a big crash in the country’s over-heated property market. The...
Lagarde

IMF cuts global growth forecast

Amid continuing economic tensions in the Eurozone and disappointing growth rate of the US economy, IMF looks likely to cut its forecast for global growth. IMF head Christine Lagarde, speaking in Washington, said on Monday: “We continue...
south-korea

IMF cuts South Korea growth forecast

The International Monetary Fund (IMF) has cut South Korea’s growth forecast from 3.25% in June to 3% for this year due to spiraling economic crisis in the Eurozone. The Eurozone is the key market for South Korea’s exports, which account...