Recessions and Depressions
New Zealand growth hits pre-recession levels
Mar 20, 2013 19:36 EDT
New Zealand's economic growth reached a four-year high in 2012, the best since the country went through a recession that it has long struggled to shake off, official data showed Thursday.
Gap between rich and poor widening in Spain: charity
Mar 20, 2013 16:26 EDT
The income gap between the richest and poorest people in Spain has widened by 30 percent since 2006 due to the country's sharp economic downturn, the Spanish branch of Catholic charity Caritas said Wednesday.
Britain readies for fresh austerity budget
Mar 20, 2013 08:13 EDT
British finance minister George Osborne was Wednesday set to stick firmly to the government's controversial austerity plan when he presents his annual budget to parliament despite a promise to spend on infrastructure.
Osborne to unveil fresh austerity budget
Mar 20, 2013 06:27 EDT
George Osborne was Wednesday set to stick firmly to the government's controversial austerity plan when he presents his latest annual budget to parliament despite a promise to spend on infrastructure, as Britain sails close to another recession.
Govt to unveil tough new budget
Mar 20, 2013 04:15 EDT
The government was Wednesday set to unveil plans to grow Britain's recession-threatened economy, despite insisting on greater state savings as it struggles to meet its deficit-reduction target.
Gov't to unveil tough new budget
Mar 19, 2013 23:12 EDT
The government was Wednesday set to unveil plans to grow the country's recession-threatened economy, despite insisting on greater state savings as it struggles to meet its deficit-reduction target.
Britain awaits tough new budget
Mar 19, 2013 23:04 EDT
Britain's government was Wednesday set to unveil plans to grow the country's recession-threatened economy, despite insisting on greater state savings as it struggles to meet its deficit-reduction target.
Madrid Games worth billions to Spain: Samaranch
Mar 19, 2013 13:09 EDT
Hosting the 2020 Olympic Games in Madrid would provide a 3.87-billion euro ($5.0-billion) boost to the Spanish economy and generate 83,000 full-time jobs, Madrid bid organisers said Tuesday.
Cyprus faces recession 'for decades'
Mar 19, 2013 01:50 EDT
Russians are preparing to withdraw billions of euros from Cyprus and the island will plunge into a recession lasting for decades due to the onerous terms of an EU bailout, economists warned.
Cyprus faces recession 'for decades'
Mar 18, 2013 16:42 EDT
Russians are preparing to withdraw billions of euros from Cyprus and the island will plunge into a recession lasting for decades due to the onerous terms of a EU bailout, economists warned on Monday.
Cyprus faces recession 'for decades' economists
Mar 18, 2013 11:56 EDT
Russians are preparing to withdraw billions of euros from Cyprus and the island will plunge into a recession lasting for decades due to the onerous terms of a EU bailout, economists warned on Monday.
Spanish healthcare workers protest over cost-control efforts
Mar 17, 2013 10:33 EDT
Hundreds of Spanish doctors, nurses and other healthcare workers, many wearing white lab coats, marched in Madrid on Sunday against budget cuts and plans to partly privatise medical services.
Spanish king loses lustre but not about to abdicate
Mar 15, 2013 13:08 EDT
Spain's King Juan Carlos has been plagued by health problems and unprecedented family scandals that have undercut public confidence in the monarchy during a bruising recession, but analysts say he is unlikely to abdicate anytime soon.
Singapore property sales plunge 65% in February
Mar 15, 2013 06:31 EDT
New private home sales in Singapore plunged 65 percent in February from a month before as market cooling measures and the Lunar New Year holidays kept buyers away, official data showed Friday.
Spain's Inditex posts record 2012 profit
Mar 13, 2013 08:34 EDT
The world's biggest clothing group, Spain's Inditex which controls the Zara brand, posted Wednesday a record 2012 net profit as strong sales abroad, especially in Asia, and a global expansion offset belt-tightening by its domestic consumers.
British manufacturing output slumps in January
Mar 12, 2013 07:57 EDT
Britain's manufacturing output slumped by 1.5 percent in January compared with December, official data showed on Tuesday, dealing a fresh blow to the country's hopes of avoiding a fresh recession.
Data confirms recession in weakest eurozone economies
Mar 12, 2013 03:54 EDT
Data confirms recession in the eurozone's weakest economies last year, breathing new life into a heated debate on whether aggressive austerity measures may come at the cost of economic growth.
European stocks mixed, mainly weaker at the close
Mar 11, 2013 13:41 EDT
European stock markets closed on Monday with mixed but mainly weaker results as disappointing Chinese economic data offset positive job numbers out of the United States, analysts said.
Portuguese economy contracts 3.2% in 2012
Mar 11, 2013 08:38 EDT
The Portuguese economy contracted by 1.8 percent in the final three months of 2012, and by 3.2 percent for the year as a whole, final data released on Monday showed, as exports declined and households curbed their spending.
Italy's recession worsened at end 2012: data
Mar 11, 2013 07:01 EDT
Italy's economy shrank by 0.9 percent in the fourth quarter of 2012 from the previous one, official data showed Monday, confirming a previous estimate that showed the recession in the eurozone's third largest economy deepening.
