Eurozone

Inflation in the Eurozone has decelerated to its slowest pace since Russia's invasion of Ukraine. The initial estimate from the European Union's statistics agency cited by CNN reveals that consumer prices in the euro area rose by 6.1…

In a recent interview, former United States Treasury Secretary Larry Summers said that Brexit will be remembered as a “historic economic error” which could have not only damaged the United Kingdom’s economy but helped increase the country’s…

Inflation in the eurozone slid last month to the lowest level in more than a year, as an easing of price rises after last year’s run-up in energy bills gained momentum. But the price of food and services climbed at an uncomfortable pace,…

Germany fell into a recession around the turn of the year, official figures published Thursday showed, as inflation and higher interest rates curbed demand in Europe's largest economy. Issued on:…

Why It Matters: The goal is to control inflation while preventing a recession.The split between the overall rate of inflation and underlying core inflation reflects the volatility from Russia’s invasion of Ukraine, which drove energy prices…

The eurozone economy lumbered forward in the first quarter, official data showed Friday, expanding just 0.1 percent over the previous quarter as high inflation and interest rates weigh on activity.Germany, the EU's biggest economy, saw…

Why It Matters: The eurozone economy has regained its footing — for now.Just a few months ago, governments across Europe were braced for the possibility of an outright downturn, as Europe pivoted away from Russian natural gas and energy and…

Economic growth in the eurozone accelerated in February and hit a nine-month high, according to the closely watched S&P PMI output index.Data from the survey published on Tuesday showed the indicator at 52.3, up from 50.8 in January. A…

The European Commission (EC), on Monday (February 13), raised its growth forecast for the eurozone this year and also expects inflation to be lower than previously estimated at the end of 2022. The expected GDP for the eurozone was raised…

Inflation in the eurozone dropped again in January to 8.5%. The decline marks the third straight month of the downward trend since inflation peaked at 10.7% in October. In December, the number had been 9.2%. However, analysts warned that…