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recession
ECONOMIC CRISIS
Europe emerges from recession, but questions remain about sustainability
Both the eurozone and the European Union saw growth in the third quarter. According to Eurostat, the eurozone posted growth of 0.4% and the EU grew by 0.2%. The British and Spanish economies remain in the red.
ECONOMIC CRISIS
US economy posts promising 3.5% GDP growth in Q3
After four quarters of economic decline, the US GDP grew at an annualised 3.5% in the July to September period according to the Commerce Department. It is the strongest growth seen in the United States for two years.
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FINANCIAL CRISIS
Britain not yet out of recession
Official data for the third quarter showed that the British GDP has decreased by 0.4 percent, a hard blow for the country's economy as most of its European neighbours, including Germany and France, are climbing their way out of the recession.
UNITED KINGDOM
Number of jobless at highest level for 14 years
The number of jobless people in recession-hit Great Britain has risen to 2.47 million, its highest level since May 1995, according to the Office for National Statistics.
USA
Bernanke forecasts end of US recession, but economy still 'very weak'
Federal Reserve Chairman Ben Bernanke said on Tuesday that the US recession is likely over and foresees growth in the third quarter, but says the economy will remain "very weak" due to stricter credit conditions and high unemployment.
ECONOMY
Eurozone to climb out of recession in third quarter
As expected by the European Commission, Europe's economy will shrink by 4 percent in 2009. But the Eurozone is predicted to climb out of recession in the third quarter, despite rising unemployment and strained government finances.
FINLAND
Recession persists in Q2
Finland's recession, which started in the final three months of 2008, persisted in the second quarter of this year, when the economy contracted a further 2.6 percent after a shrinkage of 3.0 percent in Q1.
FRANCE
Economic growth ‘to stabilise’ in third quarter, minister says
Economic growth in France is set to stabilise in the three months from July to September, according to French Finance Minister Christine Lagarde. The French economy emerged from a year-long recession in the second quarter of this year.
IRELAND
Poll shows support for Lisbon Treaty slipping
Support for the Lisbon Treaty in recession-hit Ireland is dropping, according to a poll released Thursday. The survey comes ahead of the Oct. 2 referendum on a revised version of the treaty the Irish rejected last year.
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WORLD ECONOMY
Timothy Geithner sees 'first signs of growth'
US Treasury chief Timothy Geithner sounded an optimistic note on Wednesday, saying he had seen "the first signs of growth, positive growth, in this country and around the world" in a media briefing.
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