The International Monetary Fund has said it believes in an even broader economic upswing globally in the years ahead. The lender’s latest revision of its quarterly growth outlook also bodes well for the eurozone. Presenting...
Fresh eurozone economic data show that inflation has risen to just below the ECB’s key target, growth is accelerating and unemployment has hit a seven-year low, suggesting the bloc’s economy is finally on the mend....
Spain’s government has presented its most pain-free budget in many years, banking on a nascent economic recovery gathering steam in 2014. Nevertheless, Prime Minister Rajoy still needs to dole out some bitter pills. Based on...
Europe’s statistics office reported Friday unemployment in the 17-member eurozone remained steady at its record high of 12.1 percent, even though the jobless total decreased by 15,000. Eurostat said there were 19.23 million people out...
Fresh data from the EU’s statistics office have shown that the debt-stricken eurozone has had no problems with keeping inflation in the bloc at a reasonably low level. Individual member states stand out, however. The...
The Organization for Economic Cooperation and Development (OECD) believes unemployment in the eurozone will reach a new record by the end of 2014. In other industrialized countries job creation will be picking up slowly. Mass...
The ratings agency Standard & Poor’s has downgraded Italy’s credit score by one place. S&P noted that the country’s creditworthiness might well take a further hit in the not-too-distant future. The New York-based agency announced...
Borrowing costs for debt-laden Greece have surged massively as the smallest party in the ruling coalition decided to exit the government. The move raised uncertainty over reforms and the country’s ability to repay debt. Yields...
1. What is the outlook for Fed policy? The dramatic market reaction notwithstanding, we think Bernanke and the FOMC minutes were clear. To calls from some members to consider scaling back on the long-term asset...
Loose monetary policy coupled with flood of Central Bank’s printing of money could see another bubble. Given where stocks, bonds, and credit are trading at right now, people start questioning whether there is the risk...
In March, six years after inception, the first ECB-organized Eurozone-wide household-wealth survey results were trickling out. But when the Bundesbank refused to publish the German data, insiders leaked the reason: too explosive for the current...
A slight expansion of economic activity in Germany and France couldn’t save the eurozone from a second recession in four years. The serious slump in the area’s southern periphery gives little hope for a recovery...
