The half percentage point rise on the November figure (2.4%) appeared driven by an abatement in falling energy prices ADVERTISEMENT Food, alcohol and tobacco were expected to continue with the … Read More
Europe’s economy will grow less than originally predicted, according to the European Commission’s latest forecast. ADVERTISEMENT The EU institution on Wednesday revised its 2023 GDP growth expectations down to 0.6% … Read More
The European Commission has revised down its economic forecast, warning that stubbornly high prices for goods and services are “taking a heavier toll than expected.” The bloc’s economy “continues to … Read More
As eurozone businesses face sharp declines in outputs and new orders, experts believe the European Central Bank (ECB) faces a complex challenge as it decides whether to continue its cycle … Read More
The 20 countries that use the euro currency and their 346 million people saw modest economic growth of 0.3% growth in the second quarter of the year but the outlook … Read More
The European Union’s unemployment rate remained stable at its historic low of 5.9% in June, according to Eurostat. The unemployment rate for the 20 countries using the euro currency meanwhile … Read More
As markets gradually return to normalcy following weeks of turbulence, the European Commission has unveiled a new set of rules to further protect deposits, prevent bank runs and ensure taxpayers … Read More
Core inflation across the eurozone reached a new all-time of 5.7% in March, according to preliminary figures, offering a stark reminder of how entrenched the phenomenon of rising prices has … Read More
Financial markets can’t seem to shake off the jitters sparked by the spectacular collapse of Silicon Valley Bank (SVB), the biggest American bank to fall since 2008, and the government-brokered takeover … Read More
The European Central Bank is ready to “respond as necessary” to maintain stability in the eurozone, President Christine Lagarde has pledged amid persistent market turmoil across Europe’s banking sector. Lagarde, … Read More
