GDP

Brian Parkin writing for Bloomberg on 24 May 2012, highlighted how Germany's sharp fall in jobless figures over the past few years is not only saving the nation a fortune but enhancing Chancellor Angela Merkel's reputation as a very safe pair of hands. He could have added "and defender of Germany's interests in an increasingly hostile European Union."

To get the UK economy out of recession the government must incentivise infrastructure investment and underwrite the creditworthiness of major projects, says the Confederation of British Industry.

John Lewis online performed particularly well as the department store seen another consecutive week of double-digit sales growth.

Grexit talk gets real as EU Leaders meet the low expectations set at Brussels dinner summit

Britain's prime minister told David Cameron parliament that 600,000 jobs had been created in the private sector since his coalition government took office in May 2010.

At the heart of the European Union is a pact that was first formed by two European leaders who were determined to lay to rest for good, the past enmity between their two countries. Konrad Adenauer, Chancellor of West Germany from 1949 to 1963, made his first visit to General de Gaulle, the French President and founder of the Fifth Republic, at his home in Colombey-les-Deux Églises in 1958.

The retail sales fall wipes out gains made in March and is another sign that the UK is back in recession.

Australia ranks as world's happiest nation in OECD Better Life Index - ahead of Norway and US.

The British government and the Bank of England must do much more to stimulate growth in the country's economy, the IMF's Christine Lagarde said.

Despite disappointing April data showing a slowdown in China iron ore, coal, copper and other commodities demand, analysts tell IBTimes UK that there is nothing to worry about

Credit rating agency downgrades Japan's rating to A+ with a negative outlook

Spain's Economy Minister shoots-down calls for Spanish banks to be bailed out, despite the country’s banking industry teetering on the brink of collapse

Spanish markets remain pressured as banking sector, budget forecasts fail to ease investor concerns.

The full text of prime minister's speech in Manchester

Spain's nationalised lender and its fourth-largest bank, Bankia, plunges in Madrid over solvency concerns

Asian economies fear catastrophic fallout of a possible Greek exit from the EU.

Bank of England economists have cut their growth forecast for the UK economy in 2012 by a third, as the eurozone crisis weighs on the economy.

Unemployment has fallen in March, defying expectations of a rise after news that the UK has re-entered recession.

German economic growth rose well above expectations in the first quarter this year, proving that the contraction in country’s gross domestic product (GDP) in the fourth quarter last year was not the start of recession.

The euro (EUR) rose against its major counterparts on Tuesday following the release of better-than-expected growth data in Germany and eurozone, although concerns over Greece exiting the eurozone remain intact weighing on the single currency.

Strong growth in non-EU exports helped boost overall growth in exports, though minimal growth in EU exports held the total back.

Chancellor George Osborne and Bank of England governor Sir Mervyn King should blame domestic austerity for recession and a lack of growth, says Barclays.

Chancellor George Osborne has suffered a downpour of bad economic news for the UK in recent months and there looks like no end to Britain's economic woes

The slowdown in the economic activity of China continued in April as the weakening external demand and domestic consumption hit the industrial activity in the world’s second largest economy to reach its lowest level since May 2009, showing evidence that decelerating growth in the country is to yet find the bottom.

Investors wary of political, banking risks after savage week for European markets and the single currency

The Office for National Statistics (ONS) said it may have to revise its first quarter GDP estimates down to a worse contraction after abysmal construction sector data.

British bookmaker suspends bets on Greek exit as economic, political turmoil escalates.

Bank of England rate setters stay the course as they juggle high inflation and a weak economy.

Prime Minister David Cameron and Deputy Prime Minister Nick Clegg admitted that they must do more to get the UK's mired economy growing again.

UK house prices fell at their quickest pace in April, according to the Royal Institute of Chartered Surveyors.