Los Angeles Times
The European debt crisis is pushing the continent into recession and dragging down the global economy, according to a forecast released Thursday by the Organization for Economic Cooperation and Development. Growth in the world's seven major...
The Independent
News in pictures A respected think-tank drastically slashed its forecast for the UK's economy today as it predicted a 0.7% fall this year, having previously expected a rise of 0.5%. UK will fail to pull out of its double-dip recession in the current...
Ansa
Thursday revised downwards its forecast for Italy's national gross domestic product in 2012 to -2.4% from -1.7% in May. Chief Economist Pier Carlo Padoan also said that Italy had not done enough to be competitive. "Some countries, such as Italy, that...
Channel NewsAsia
Thursday, and called for further action including government bond purchases being contemplated by the ECB. Concerns about the possibility of exit from the euro area are pushing up (government bond) yields, which in turn reinforces break-up fears,"...
The Bellingham Herald
Government data show that industrial orders in Germany, Europe's biggest economy, rebounded slightly in July thanks largely to higher demand at home. The Economy Ministry said orders rose 0.5 percent compared with the previous month...The ministry...
International Business Times
German industrial orders rose more than forecast in July due to a solid increase in domestic contracts, Economy Ministry data showed on Thursday, boosting hopes that domestic demand will prop up Europe's largest economy during the euro zone crisis.