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The German economy, Europe's largest, also shrank for all of 2024 by 0.2%, the second straight year of declining output. And the outlook for this year isn't much better.
Europe is suffering from an innovation deficit and weak productivity, putting the region’s economy on a path to stagnation unless it changes course, according to Nobel laureate Michael Spence.
The euro area economy is growing again, but may struggle to maintain the momentum for the rest of the year. Gross domestic product across the 20 countries that share the euro currency rose by 0.3% ...
Europe This Week is a business news show aired on CNBC Europe and on CNBC World in the US, co-presented by Guy Johnson and Louisa Bojesen, from 6pm to 6:30pm CET (12pm to 12:30pm EST) on Fridays. The programme, presented from CNBC Europe's London studios, examines stock markets and the economy in Europe during the past week, and sets the agenda ...
The economy of Europe comprises about 748 million people in 50 countries. Throughout this article "Europe" and derivatives of the word are taken to include selected states whose territory is only partly in Europe, such as Turkey, Azerbaijan and Georgia, and states that are geographically in Asia, bordering Europe and culturally adherent to the continent, such as Armenia and Cyprus.
Germany is the current largest economy in Europe, the European Union and the Eurozone, with Germany remaining the eurozone's largest economy. Latvia is the fastest growing economy in both the eurozone and the European Union. Luxembourg is home to the highest GDP (nominal) per capita in both the European Union and eurozone.