Tag: Eurozone economy

• Thursday, May 3rd 2018 - 08:13 UTC

  Euro zone economy grows faster than the UK in the first quarter

  

  The European Union economy slowed in the first quarter of the year, official Eurostat figures have showed. Economic growth in the Euro zone slowed to 0.4% for the period from January to March 2018, compared with 0.7% in the previous quarter. Growth in the 19-country single currency bloc reached 2.5% year-on-year.

• Tuesday, May 3rd 2016 - 12:02 UTC

  Euro zone economy expands faster than expected in the first quarter

  

  The Euro-zone's economy grew by a faster-than-expected 0.6% in the first three months of the year, according to official statistics. The growth rate in the 19-nation bloc doubled from the 0.3% rate recorded in the previous quarter, and was above analysts' expectations of 0.4%.

• Friday, November 6th 2015 - 08:23 UTC

  Recovery at “a modest pace” in the EU and Euro-zone next year

  

  The economic recovery within the European Union and the eurozone should continue at “a modest pace” next year, the EU has forecast. The economy of the 28-nation EU is set to grow by 1.9% this year, 2.0% in 2016 and by 2.1% the year after.

• Friday, May 1st 2015 - 06:22 UTC

  Euro zone scrapes out of deflation in April; unemployment remains above 11%

  

  Consumer prices in the Euro zone scraped out of deflation in April after four months, official data has shown, boosting hopes of economic recovery in Europe. The inflation rate in the 19 nations that use the Euro stood at 0% in April, up from a rate of -0.1% in March. Eurostat said that low energy costs were continuing to cut living costs.

• Friday, December 5th 2014 - 06:14 UTC

  ECB steps up plans for more stimulus measures to revitalize Euro-economy

  

  The European Central Bank (ECB) has “stepped up” plans for more stimulus measures aimed at revitalizing the Euro-zone economy, bank president Mario Draghi said on Thursday. His comments came after the ECB held interest rates at 0.05%.

• Tuesday, November 18th 2014 - 06:52 UTC

  David Cameron: Red lights are flashing on the global economy (*)

  

  The G20 meeting in Brisbane made it clearer than ever to me that we in Britain must stick to our long-term economic plan. Six years on from the financial crash that brought the world to its knees, red warning lights are once again flashing on the dashboard of the global economy

• Sunday, November 9th 2014 - 10:19 UTC

  Bank of England expected to raise rates, gradually, after May general election

  

  Bank of England interest rates have been left on hold at 0.5% for another month amid fears that the pace of recovery in the UK economy is slowing. The BoE base rate has been at its current level for more than five years, with economists not expecting an increase until next summer.

• Friday, November 7th 2014 - 05:11 UTC

  ECB ready to give the Euro zone further economic stimulus

  

  The president of the European Central Bank (ECB), Mario Draghi, says the bank stands ready to give the Euro zone further economic stimulus “should it become necessary”. The comments boosted shares in Europe. It also prompted a fall for the euro, with analysts increasingly braced for more dramatic stimulus measures.

• Tuesday, September 2nd 2014 - 08:36 UTC

  Dragui and Hollande agree to spur demand and head off the risk of deflation

  

  French President Francois Hollande and Mario Draghi the head of the European Central Bank (ECB) have agreed that European demand must be lifted to head off a risk of deflation, French officials said.

• Friday, February 7th 2014 - 07:18 UTC

  ECB president downplays the threat of deflation in the Euro zone

  

  The European Central Bank left interest rates at a record low at 0.25% on Thursday, but said it remained ready to act in the face of risks to the Euro zone economy, particularly turbulence in the emerging markets, and downplayed deflation.