EU leaves eurozone growth forecasts unchanged February 13, 2020 The European Commission left its economic forecast unchanged for this year and 2021, as it warned that several eurozone member states may see more sluggish growth. The commission said gross domestic product (GDP) growth for the 19 eurozone countries would remain at 1.2 this year, continuing into 2021. The EU executive said that while the [...]
The Lovie Awards show Europe’s creativity is a force for good October 28, 2019 My entire career has been fuelled by a love for the European creative industry. And now, at a time when our digital lives feel chaotic, when business often feels overly challenging, when political issues invade our every waking moment, that fuel is more essential than ever. This is precisely why Nicolas Roope and I founded [...]
Mario Draghi’s ECB reign ends with Eurozone ‘close to stagnation’ October 24, 2019 The Eurozone economy stayed “close to stagnation” in October as European Central Bank (ECB) president Mario Draghi prepares to step down. Read more: Two highs and two lows of ‘Super’ Mario Draghi’s reign at the ECB The recession in the euro area’s manufacturing sector continued with another steep decline in output. Meanwhile, the crucial services [...]
Eurozone recession risk ‘very real’ as slowdown infects services sector October 3, 2019 Germany slipped into recession territory last month as the Eurozone teetered on the brink of stagnation, data revealed today. The bloc’s biggest economy showed the weakest growth in business activity for three years, according to IHS Markit’s Germany Composite PMI. Read more: Recession alarm bells ring as UK services sector contracts “A technical recession now [...]
ECB’s German hawk quits as bank prepares to loosen purse strings September 26, 2019 The only woman on the European Central Bank’s board quit last night, as the bank prepares to resume pumping money into the struggling Eurozone economy. Sabine Lautenschlaeger felt it was the right time to leave, according to reports, and will quit the bank on 31 October. Read more: ‘We had to respond’: ECB defends move [...]
Eurozone comes close to a standstill as activity hits six-year low September 23, 2019 Economists warned the Eurozone was on the verge of stalling this month as demand for goods and services fell at its fastest rate since 2013. Slowing service sector expansion compounded a worsening manufacturing recession to knock the Eurozone’s composite output to a 75-month low of 50.4, according to IHS Markit’s Purchasing Managers’ Index (PMI). Read [...]
‘We had to respond’: ECB defends move to splash cash in Eurozone September 16, 2019 European Central Bank (ECB) chief economist Philip Lane has defended the institution’s decision to turn the stimulus taps back on, despite some public opposition from members of its governing council. The bank relaunched its massive bond-buying programme known as quantitive easing (QE) and cut its deposit rate by 0.1 percentage points to minus 0.5 per [...]
Eurozone relapses as manufacturing downturn deepens July 24, 2019 Economic woes have deepened in the Eurozone as the manufacturing downturn hit a three-month low for July, according to a closely-followed measure of the industry’s health. Manufacturing output relapsed to fall to a score of 51.5 this month after two months of growth, IHS Markit’s Flash Eurozone Purchasing Managers’ Index (PMI) found today. Read more: [...]
MEPs pick Italian as new European parliament president July 3, 2019 The European parliament named an Italian social democrat as its new president today to complete a raft of new appointments to fill the highest-ranking roles in the EU. Read more: Meet the neighbours: Christine Lagarde set to front new-look EU leadership David Sassoli, 63, beat three German, Spanish and Czech candidates to the role, which [...]
Eurozone manufacturing falls to three-month low as downturn drags on July 1, 2019 The Eurozone’s manufacturing downturn continued throughout June as the sector fell to a three-month low, data released today revealed. The IHS Markit had the Eurozone manufacturing below the 50 no-change mark again as it contracted for a fifth-successive month with a PMI of 47.6, down from 47.7 in May. Read more: EU officials fail to [...]