Eurozone recovery comes to stand still as growth stalls, inflation flatlines and debt piles up August 14, 2014 The Eurozone’s already feeble recovery came to a complete halt in the second quarter, with the threat of deflation and growing piles of debt leaving the currency bloc exposed to economic shocks. Dreary figures released yesterday showed that the euro area did not grow at all in the three months to June, while the previously [...]
As Eurozone growth flatlines, is the bloc facing a lost decade? August 14, 2014 Sam Bowman, research director at the Adam Smith Institute, says Yes. A quarter of Spanish workers are unemployed. Youth unemployment in Greece is above 50 per cent. All Italian growth in the last 15 years has been wiped out. And Germany’s economy, previously healthy, shrunk in the second quarter. Across the Eurozone, unemployment is above [...]
No Eurozone GDP growth in second quarter after France and Germany disappoint August 14, 2014 There was zero GDP growth for the Eurozone in the second quarter of 2014, according to figures released today. The seasonally adjusted figures for GDP growth in the 18-country bloc grew by 0.2 per cent in the first quarter, and economists had predicted a similar level of growth in the second quarter. The result [...]
German economy shrinks as France stagnates in disappointing quarter for Eurozone August 14, 2014 The German economy has shrunk by 0.2 per cent, as the Eurozone continues to endure a disappointing a second quarter. The contraction comes as the France economy stagnated at zero per cent for the second quarter running – Germany recorded strong growth of 0.8 per cent in the first quarter. Both results were [...]
Eurozone recovery clouded by poor industrial output August 13, 2014 The Eurozone's industrial output for June fell behind economists' expectations, placing a cloud over hopes of an economic recovery for the single currency. Eurostat's industrial production data, released earlier today, shows how the volume of production from industries such as factories and manufacturing has been changing month-on-month and year-on-year. In the single currency [...]
Russia’s food ban sanctions against EU farmers threaten Eurozone August 8, 2014 Sanctions slapped on EU farmers by the Russian government could help to push Eurozone inflation even lower, potentially forcing price growth into negative territory. Inflation in the euro area is already running at just 0.4 per cent, where even a small drop could push the region into deflation. Economists fear the single currency could [...]
Draghi: Ukraine crisis a threat to the Eurozone economy August 7, 2014 Mario Draghi, president of the European Central Bank (ECB), today admitted that the Ukraine crisis represented a threat to the Eurozone economy. The geopolitical concerns surrounding the Ukraine crisis and in particular the import ban imposed by Russia, were highlighted as a potential risk to European economic outlook by Draghi, but he insisted that [...]
Eurozone on track for growth: Service sector PMI at 38-month high August 5, 2014 There are hopes that the Eurozone may be on track for growth, after July's Purchasing Managers' Index (PMI) showed that activity in the region's service sector had reached a 38-month high. The figures, published by Markit, also showed that Eurozone business expanded at the second-fastest pace in three years as a buoyant service industry [...]
Inflation slips to lowest since 2009 for Eurozone July 31, 2014 Inflation weakened even further in the Eurozone during July, dropping to just 0.4 per cent, the lowest level since the aftermath of the financial crisis. The consumer price index (CPI) has been growing increasingly slowly since the middle of 2012, and was last above the European Central Bank (ECB) target level of two per cent [...]
Eurozone slips further towards deflation, but employment is up July 31, 2014 Eurozone inflation has fallen further this month, raising concerns that it is slipping into the "danger zone" of possible deflation. Year-on-year inflation figures released by Eurostat, the European Union's Statistical office, have revealed that prices in the single currency zone went up by just 0.4 per cent in July, which is less than the [...]