Fears of a world recession came back to haunt global markets, prompting some investors to buy gold and safe but extremely low-yielding government bonds.
Clemens Fuest says that redistributive taxation and welfare transfers attract low-skill migrants and drive away investment and the high skilled
Ireland will be worst hit by a Brexit, according to the latest warning from European economists.
A key German index of business optimism rose in January by more than expected, adding to signs that Europe’s biggest economy could be gathering speed.
Confidence in the German economy has unexpectedly surged following six consecutive decreases.
The euro gained against the majority of major currencies after German business confidence fell less than some economists forecast, suggesting the region’s largest economy can withstand the sovereign-debt crisis.
The chances of Greece leaving the euro are growing stronger by the day. So why don’t we know what the next stage is for the eurozone yet, asks Hugo Dixon
IRELAND’s manufacturing sectors had another strong month in October, with production levels rising by 13.4% on a year-on-year basis and by 7.3% when measured against the preceding month.
German economic think-tank the Ifo Institute said it expects German GDP growth of 1.8% next year.
GERMAN business confidence rose to the highest in 33 months and French consumer spending unexpectedly increased, suggesting an economic recovery in the 12 nations sharing the euro is gaining strength.
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