News Tag: Spain
February 14, 2010
Official figures have revealed the euro zone economy grew just 0.1% in the final three months of 2009, suggesting the economic recovery is faltering.
The news came after poor GDP figures from the euro zone’s largest economies. Germany, which is the euro zone‘s largest economy, said GDP remained flat in the three month period, with growth unchanged compared with the ...
Euro zone economy grows just 0.1% in Q4
by Kay Murchie
February 12, 2010
The euro zone’s woes appear to be far from over today after the area’s third largest economy, Italy, unexpectedly contracted by 0.2% in the final three months of 2009, causing concern over its economic recovery.
The news comes shortly after Germany, which is the euro zone‘s largest economy, said GDP remained flat in the three month period, with growth ...
Italy’s recovery in doubt as economy contracts in Q4
by Kay Murchie
Recovery stalls in euro zone’s largest economy
by Kay Murchie
February 11, 2010
Greece’s national statistics service, NSS, has today revealed the country’s unemployment rate rose from 9.8% in October to 10.6% in November.
There are now more than half a million people unemployed in the country.
The figures come prior to the EU summit meeting in Brussels today, which will see European leaders discuss the issues facing Greece.
Greek Prime Minister, George Papandreou, ...
Greece’s woes continue as unemployment rate hits 10.6%
by Kay Murchie
Spanish economy contracts for seven consecutive quarters
by Kay Murchie
February 8, 2010
Greek unions have today vowed to strike on Wednesday to protest against the Government’s austerity measures.
Last week, Greek Prime Minister, George Papandreou, announced tough austerity measures to tackle the country’s spiralling debt. Measures include a public sector pay freeze, a hike in taxes and an increase to the retirement age.
Spyros Papaspyros, president of the ADEDY public sector union, ...
Greek unions prepare for 24-hour strike amid austerity measures
by Kay Murchie
January 29, 2010
Figures from Eurostat have today revealed that the number of people unemployed across the euro zone grew to 15.8 million in December.
The latest figures mean that the unemployment rate across the 16 countries that use the euro is 10% - the highest rate since 1999.
Analysts believe that the unemployment rate will continue to rise across the region in ...
Euro zone unemployment rate reaches 10%
by Kay Murchie
November 13, 2009
Official figures have today revealed that the euro zone economy experienced positive growth of 0.4% in the third quarter, and therefore exiting from recession.
The 16 nations that use the euro was boosted by strong growth in Germany, and joins other major economies, such as the US and Japan, which have also exited recession.
However, the UK’s ...
UK lags behind as euro zone becomes latest economy to exit recession
by Kay Murchie
November 4, 2009
For the first time in two years, Ireland’s unemployment rate fell in October to 12.5%, down from 12.6% the previous month.
The fall in the rate came as a surprise to many analysts as the economy has been hit by a severe slump within the construction industry, which has led to a significant amount of job losses.
The last time the unemployment rate ...
Ireland’s unemployment rate falls to 12.5%
by Kay Murchie
November 3, 2009
Official figures have revealed that Spain’s unemployment rate has reached 19.3% (one of the highest of any European region) as the economy has been hit by a severe slump within the construction industry, which has led to a significant amount of job losses.
Spain’s jobless rate is more than double the 9.2% rate for the EU as a whole.
The total number of ...
Spain’s unemployment rate spirals to 19.3%
by Kay Murchie
October 30, 2009
Figures from Eurostat have revealed that the number of people unemployed across the euro zone grew to 15.3 million in September.
The latest figures mean that the unemployment rate across the 16 countries that use the euro is 9.7% - the highest rate since January 1999.
Spain has the highest unemployment in the region at 19.3%, the country has been hit by ...
Euro zone unemployment rate reaches 9.7%
by Kay Murchie
October 12, 2009
The Organisation for Economic Co-operation and Development (OECD) has today revealed that the unemployment rate in its member countries has crept up from 8.5% in July to 8.6% in August, up from 6.3% in August 2008.
The OECD, which includes 30 territories such as the US, Australia, Japan, Canada, New Zealand and European countries, is forecasting that the jobless rate could ...
Unemployment rate in OECD countries reaches 8.6%
by Kay Murchie
August 3, 2009
The unemployment rate in the euro zone hit 9.4% in June - the highest in a decade after the number of jobless rose by 158,000 during the month, bringing the total jobless number using the single currency bloc to 14.9 million.
According to Eurostat, the unemployment rate was 7.5% this time last year, showing the impact the economic downturn is having ...
Euro zone unemployment rate hits 9.4%
by Kay Murchie
June 2, 2009
The European Union statistics office has today revealed that euro zone unemployment has hit a 10-year high as the 16-member nation grapples with recession.
The latest figures take the unemployment rate to 9.2% in April, up from 8.9% in March.
Almost 400,000 more people lost their jobs, taking the number of people out of work to 14.579 million - the highest level ...
Euro zone unemployment rate up to 9.2%
by Kay Murchie
May 15, 2009
As the recession continues to grip many economies, Gross Domestic Product (GDP) figures are being released this week with the euro zone the latest to provide figures.
According to the EU's statistics agency Eurostat, the euro zone economies contracted by 2.5% in the first quarter of 2009 - higher than the 2% fall predicted by analysts.
GDP in the ...
Euro zone economy shrinks 2.5%, Hong Kong suffers 7.8% fall
by Kay Murchie
German economy suffers steep decline
by Kay Murchie
May 14, 2009
Spain's economy has suffered another blow today after preliminary estimates have revealed the economy has suffered its steepest fall since 1959.
According to the National Statistics Institute, which is set to release final statistics next week, GDP fell 1.8% compared with the previous quarter and is down 2.9% on an annualised basis.
The Spanish Government has forecasted GDP will contract by ...
Spanish economy in largest contraction for 5 decades
by Kay Murchie
May 5, 2009
Figures from Spain's Labour Ministry have revealed that unemployment continued to rise in April for the 13th consecutive month, albeit the rise is slowing.
A further 39,478 people registered as unemployed in April, against the 123,543 who registered the previous month.
Spain has one of the highest unemployment rates in the euro zone after reaching 17.4% at the end of March. Meanwhile, ...
Spanish unemployment continues to rise in April
by Kay Murchie
April 29, 2009
According to Bank of Spain estimates released today, the Spanish economy has shrunk by 1.8 percent in the first quarter and hinted that gross domestic product (GDP) has fallen by 2.9 percent in the last year, even though the Spanish government had, up until recently, said that the GDP decrease would be no more than 1.6 percent for ...
Spain’s economy contracts at fastest rate in 40 years
by Peter Charalambous
