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Recession

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  1. British Recession
  2. Recession Proof Jobs
  3. Growth-Killing Spending Cuts
  4. Failure Of Austerity
  5. Eurozone
  6. Economic Depression
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EU Commission sees Greek recovery but few jobs

Greece's international lenders say the country's six-year recession is still likely to end in 2014, but unemployment will remain above 20 percent for another three years.The European Commission's report released Friday said Greece's economy is expected to grow by 0.6 percent next year, although it noted this depends on faster reforms in the product and services markets. Unemployment is projected to peak at 27 percent this year before dropping gradually to 21 percent in 2016.Greece has depended on rescue loans from other eurozone countries and the International Monetary Fund since May 2010. While the government has said it aims to return to the bond markets next year, the report noted that full market access "will remain challenging in the years ahead."...

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  1. Weekly jobless claims hit highest level in 6 weeks

    The number of Americans seeking unemployment aid rose 32,000 last week to a seasonally adjusted 360,000, the most since late March. The jump comes after applications...

  2. Eurozone recession extends into 6th quarter

    Official figures show that the recession across the economy of the 17 European Union countries that use the euro has extended into a sixth quarter.Eurostat, the EU's...

  3. French economy falls back into recession

    France's economy is in recession again.The national statistics agency, Insee, said Wednesday that gross domestic product fell 0.2 percent in the first quarter of the...

  4. Art is Recession Proof

    Christie’s Robert Manley on the upcoming contemporary sale featuring a never-before auctioned Warhol self portrait.

  5. Eurozone growth hopes emerge after industrial data

    A larger-than-expected increase in industrial production across the 17 European Union countries that use the euro during March has raised hopes that the recession in...

  6. German economy returns to modest growth

    The German economy, Europe's biggest, returned to very modest growth in the first quarter and avoided a recession.Germany's Federal Statistical Office said Wednesday...

  7. Bank of England sees 'modest, sustained' recovery

    The Bank of England predicted a modest and sustained economic recovery for Britain on Wednesday, but tempered hope that the worst might be over with predictions that...

  8. Small business owners slightly more upbeat

    Small business owners were a little more optimistic during April but are generally still cautious.That's the finding of a survey released Tuesday by the National Fed...

  9. Greece sells debt cheaper as loan gets disbursed

    Greece saw the interest rate it has to pay to get investors to lend it money fall further Tuesday, a day after its European creditors backed the release of the count...

  10. Australian treasurer rules out austerity measures

    Australia's treasurer says his economic blueprint for the fiscal year ahead will support jobs and growth without European-style austerity measures aimed at reining i...

  11. 2013 deficit estimate lowered to $642 billion

    The budget deficit for the current year is projected to come in well below what was estimated just a few months ago, a development that could further curb the alread...

  12. Australia to slow increase in foreign aid spending

    Australia will slow a projected increase in foreign aid spending as a cost-cutting measure in the new annual budget plan to be revealed Tuesday.Foreign Minister Bob ...

  1. Pew survey questions Gen X, baby boomer savings

    A research report by the Pew Charitable Trusts says younger baby boomers and Generation Xers face an uncertain retirement because of reduced savings, high levels of ...

  2. Obama focusing on job creation in Baltimore visit

    President Obama is leaving behind scandal-focused Washington to focus on the country's slowly improving jobs picture. Obama is to fly by helicopter Friday about 40 m...

  3. Oil falls below $95 on choppy growth outlook

    The price of oil fell below $95 per barrel Friday after new signs of a choppy economic recovery in the U.S.Benchmark oil for June delivery was down 26 cents to $94.9...

  4. Merkel: Europe must agree how to achieve growth

    German Chancellor Angela Merkel said European countries must agree on how to generate sorely needed economic growth, and stressed it was important that France pursue...

  5. Japanese economy grew at 3.5 percent pace in 1Q

    Japan's economy enjoyed a stronger than expected recovery last quarter, growing at a 3.5 percent annual pace as the government stepped up public works spending and e...

  6. Oil falls below $94 a barrel after supplies rise

    The price of oil fell below $94 a barrel Thursday after a survey showed crude inventories on the increase.Benchmark oil for June delivery was down 38 cents to $93.92...

  7. Top officials call to overhaul euro institutions

    Engineering a financial bailout for Cyprus in March was such a chaotic process that top European officials say it is time to rethink how the region manages its crisi...

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