Tag Archives: Eurozone

In the new year, Croatia will become the latest country to join the Eurozone and the Schengen area, a move that European Commission president Ursula von der Leyen says makes the European Union stronger. As of Sunday, the country will “join a community of 347 million Europeans who use the …

The eurozone economy came to a near-standstill in the third quarter as inflation surged above all expectations to top 10 percent for the first time, preliminary Eurostat data showed on Monday. The toxic combination of weak growth and surging prices points to dark winter months ahead. Inflation surged to 10.7 …

Ukraine war takes toll on economy of European countries using the euro as inflation reaches record levels and output weakens. Inflation in the eurozone hit a new record this month while growth slowed during the first quarter of the year, according to official data, as the war in Ukraine takes …

Eurozone economic sentiment surged in June to a 21-year-high as an accelerated pace of COVID-19 vaccinations led to further reopening and an improved mood across all sectors of the economy, notably in retail and services. The European Commission’s monthly sentiment survey for the 19 countries sharing the euro on Tuesday …

Just over 18 million people have been infected by the coronavirus. But governments around Europe have eased some restrictions that had shuttered vast swathes of the bloc’s economy. To offer support to the ravaged economy, the European Central Bank has ramped up its stimulus measures and European Union leaders have …

The European economy was hit by its sharpest recorded contraction in the second quarter, with GDP down 12.1 percent in the eurozone and 11.9 percent across the EU. The official Eurostat agency said that, with much of the economy paralyzed by coronavirus lockdowns, the fall was “by far” the largest …

The eurozone economy will drop deeper into recession this year and rebound less steeply in 2021 than previously thought, the European Commission forecast on Tuesday, with France, Italy, and Spain struggling the most due to the COVID-19 pandemic. The downbeat assessment of Europe’s economy comes amid concern the U.S. recovery …

The downturn in eurozone manufacturing was not as bad as initially thought last month after more economies in the bloc eased restrictions imposed to quell the spread of the coronavirus, a survey showed. Over 10 million people have been infected by the virus globally and more than 500,000 have died, …

The eurozone economy shrank at the sharpest pace on record in the first quarter as the Covid-19 pandemic forced countries into lockdown. The first estimate of GDP between January and March showed a contraction of 3.8%, worse than during the financial crisis. Separate figures revealed a steep fall in economic …