Car Sales in Europe March 2013

World Economic outlook - Car Sales in Europe March 2013 : Car sales across Europe slumped by more than 10% in March, as the continent's economic malaise pushed down demand for automotives for the 18th consecutive month.

the EU's possibility of getting out of the eurozone crisis in the short term

World Economic outlook -  the EU's possibility of getting out of the eurozone crisis in the short term :  Even if the European Commission seems slightly optimistic about future growth in the EU, some consider the EU executive’s forecast too rosy and warn against underestimating other risks. This has systematically been the case in the past years of crisis.

Surveys Eurozone PMI december 2012

World Economic outlook - Surveys Eurozone PMI december 2012 : The slowdown in euro zone factory activity deepened in December as new orders tumbled, a business survey showed on Wednesday, suggesting the economy may have slipped further into recession in the last quarter of 2012.

Eurozone PMI Manufacturing index november 2012

World Economic outlook - Eurozone PMI Manufacturing index november 2012, Euro zone PMIreport today Dec 3 2012 : The contraction in activity at the euro zone's embattled manufacturers eased to an eight-month low in November, although a meaningful recovery still looks a long way off, a survey showed on Monday.

Spain manufacturing activity november 2012

World Economic outlook - Spain manufacturing activity november 2012  : Later Monday, Spain are to release official data on manufacturing activity, a leading indicator of economic health.

Analysis euro zone on Greek deal

World Economic outlook - Analysis  euro zone on Greek deal : The euro zone is in the recovery room now the danger of a Greek default has been averted for a couple of years, but it is not yet safe from a Japanese-style "lost decade".

euro zone Joblessness rise, inflation down report nov 30 2012

World Economic outlook - euro zone Joblessness rise, inflation down report nov 30 2012 : Joblessness in the euro zone reached a new record in October, with another 173,000 people out of work, but consumer prices dropped sharply in November and offered some relief to households during the recession.

ECB will lower its forecast eurozone economy 2012-2013

World Economic outlook - ECB will lower its forecast eurozone economy 2012-2013, euro area economic forecas forecast 2013, Inflation rate 2013, eurozone quarterly economic forecast report Sept. 6 2012 : European Central Bank Governing Council member Ewald Nowotny said ECB will lower its forecast for the euro area’s economic developments in 2012 and 2013 when it publishes estimates next week.

“There won’t be an improvement, but more of a worsening of expectations,” Nowotny told reporters in Alpbach, Austria, late yesterday. “The differences in growth rates between the North and the South will unfortunately increase -- we are expecting negative growth, a retraction in all Southern countries for 2012 and a stagnation in France.”

Eurozone jobless rate july 2012

World Economic outlook- Eurozone jobless rate july 2012,European, Spain unemployment, : The unemployment rate across the 17 countries that use the euro remained at a record high of 11.3 per cent in July, official figures showed on Friday, underscoring the huge task leaders face to restore confidence in the continent's economy.

The European Union's statistical agency, Eurostat, said 88,000 more people were without a job in July - for a total of 18 million - as governments and companies continued to trim payrolls to deal with problems of high debt and weak consumer spending.

German ZEW economic sentiment report 8/14/2012

World Economic outlook - German ZEW economic sentiment report 8/14/2012 : The euro zone's debt-ravaged economy shrank in the second quarter, having flat lined in the first, despite continued German growth which economists said could soon be snuffed out.

The 17-nation currency bloc contracted by 0.2 percent on the quarter, data showed on Tuesday. Germany eked out growth of 0.3 percent, marginally beating forecasts, but its forward-looking ZEW sentiment index slid for a fourth month running, undercutting even the lowest estimate in a Reuters poll.

Eurozone economy Q2 report august 14 2012

World Economic outlook - Eurozone economy Q2 report august 14 2012, eurozone GDP Q2 report 8/14/2012 : The eurozone economy stumbled through the second quarter with a modest decline in gross domestic product, according to preliminary estimates released Tuesday, but Germany trumped expectations as a bright spot in the zone.

GDP for both the nations that use the euro and all 27 members of the European Union fell by 0.2% in the second quarter, compared to the prior quarter, according to a flash estimate from Eurostat, the EU's statistical office. In the first quarter, the eurozone GDP was unchanged and the EU-27 GDP grew by 0.1%.

ECB, Eurozone economic outlook 2013

World Economic outlook - ECB, Eurozone economic outlook 2013 : The European Central Bank (ECB) gave a gloomy outlook for the Eurozone economy on Thursday in its monthly report, dampening sentiment on equity markets as it downgraded its growth prospects for this year and the next.

Italy and Spain will remain in recession 2012-2013

World Economic outlook - Italy and Spain will remain in recession 2012-2013 : Italy and Spain will remain in recession next year, according to the IMF, placing a question mark over their ability to refinance their banks and generate sufficient goodwill from international lenders to prevent them from going bust. Fears that Spain and Italy will need a bailout from Brussels continue to weigh on global growth following the reluctance of Germany, Finland, Holland and Austria to sanction a fund capable of handling both countries.

G8 discussions prevent the worsening eurozone crisis

World Economic outlook - G8 discussions prevent the worsening eurozone crisis : US President Barack Obama pledged at a Group of Eight summit today to work with Europe on a package that balances growth with debt reduction as world leaders try to prevent the worsening eurozone crisis from destabilizing the global economy.

Germany GDP growth forecast Q1 2012

World Economic outlook - Germany GDP growth forecast Q1 2012 : According to a preliminary estimate, the German economy renewed with growth in Q1 2012. Up by 0.5% q/q (after -0.2% q/q in Q4 2011), GDP was up by 1.2% year-on-year. Capital formation fell, but the contribution from foreign trade to GDP growth was positive in line with an increase in exports, in contrast to imports. In addition, domestic consumption rose.

According to the preliminary estimate of the Federal statistical office, Germany avoided a recession thanks to a rise of 0.5% q/q of GDP in Q1 2012. This increase came after a decrease of 0.2% q/q in Q4 2011, the first since Q1 2009. The carry-over of GDP for 2012 was 0.7% in Q1 2012.

Moreover, GDP, now 1% above its previous peak of Q1 2008, was up by 1.2% year-on-year (price and calendar-adjusted figures).

Detailed national accounts will be published on 24 May only, but according to the Federal statistical office, capital formation fell. Indeed investment in construction probably suffered from the cold weather in February after having risen at the end of 2011. Moreover firm managers probably adopted a wait-and-see attitude. By contrast, the contribution from foreign trade to GDP growth was positive in line with an increase in exports, in contrast to imports. The German economy was penalized by the crisis in eurozone but benefited from the better health from its non-eurozone partners. In addition, domestic consumption rose. Indeed the very low unemployment rate, at its lowest level in twenty years (6.8% in April), probably underpinned private consumption.

GDP growth may be weak in Q2 2012 and its pace of increase should moderately accelerate in the following quarters. Exports and business confidence should be supported by demand from non- eurozone countries (60% of total exports of goods). In addition, the level of the unemployment rate should underpin private consumption in the coming quarters. But the German economy, whose exports account for around 50% of the GDP, should remain affected by the weakness of demand from eurozone countries. Likewise, the expectations IFO index, stable at a high level, points to an only slight acceleration of the growth pace in the coming months. Indeed, in April, the IFO expectations index remained unchanged after having increased for five months in a row (at 102.7 in April).

French GDP growth Q1 2012

World Economic outlook - French GDP growth Q1 2012 : France's national statistics office, reported this morning that in 2012 Q1, French gross domestic product (GDP) levelled off (0.0 %) after a small increase in Q4 2011 (+0.1 %).

Households’ consumption expenditure stuttered (+0.2 % after +0.1 %), while gross fixed capital formation (GFCF) decreased (–0.8 % after +1.3 %). Overall, total domestic demand (excluding inventory changes) boosted GDP by only 0.1 point of growth after 0.3 points in Q4.

Imports renewed with growth (+0.7 % after -1.4 % in Q4), while exports slowed down (+0.3 % after +1.1 %). Consequently, foreign trade balance contributed negatively to GDP growth (–0.1 point after +0.7 point).

In Q1, changes in inventories contributed positively to GDP growth : +0.1 point after -1.0 point in the end of 2011.

EU forecast eurozone economy of 17 countries 2012

World Economic outlook - EU forecast eurozone economy of 17 countries 2012 : The European Union estimates that the economy of the 17 countries that use the euro is in recession in the wake of a debt crisis that has prompted savage spending cuts and a jump in unemployment to record highs.

The European Commission, the executive arm of the EU, forecasts that the eurozone economy will contract by 0.3 percent in 2012 and grow by 1 percent next year. Its prediction for 2012 is far weaker than the one it gave last November, when it predicted growth of 0.5 percent. A year ago it was predicting growth of a relatively healthy 1.8 percent.

Finland economic growth forecast 2013

World Economic outlook -Finland economic growth forecast 2013 : Finland’s economic growth will accelerate to 1.3 percent next year, helping narrow its budget deficit, the European Commission said today.

Gross domestic product will expand 0.8 percent this year, the Commission said, keeping its forecast unchanged from February. The government’s budget deficit will narrow to 0.4 percent of GDP in 2013 from 0.7 percent this year. The commission in November forecast a deficit of 0.7 percent for next year.

The northernmost euro member’s economy relies on exports for 40 percent of its output, and a third of its sales abroad are in the euro area, which will shrink 0.3 percent this year, according to the Commission’s forecast.

Domestic demand is boosting the AAA rated Nordic nation, as the European Central Bank’s record-low 1 percent interest rate keeps mortgage costs low and buoys consumption.

Europe economic outlook will fail to grow 2012

World Economic outlook - Europe economy outlook will fail to grow 2012, Gross domestic product in the 17-nation euro area , Portugal GDP, ECB President Mario Draghi, Spain gdp forecast 2012, Germany economy outlook 2012, German GDP, Italy economic forecast 2012

Europe’s economy will fail to grow this year with risks to the outlook “tilted to the downside” after nations from Spain to Italy slipped into recession, the European Commission said.

German GDP Growth Forecast 2012-2013

World Economic outlook - Germany GDP Growth Forecast 2012-2013, germany economy projections 2012-2013,German exports, German inflation rate prediction 2012-2013 : Germany released a cautious outlook on its economy Wednesday as it urged Europe to stick to tough austerity measures and called on the European Central Bank to scale back its activities to prop up beleaguered euro-zone countries.