Wednesday 18 October 2017

Eurozone stalls amid inflation fears

The eurozone economy grew much less than expected at the start of the year
The eurozone economy grew much less than expected at the start of the year

The eurozone economy grew much less than expected at the start of the year and inflation remained locked in the 'danger zone' below 1pc, increasing pressure on the European Central Bank to ease monetary policy at its next meeting in June.

The €9.5 trillion economy expanded only 0.2pc quarter-on-quarter in the first three months of 2014, the same as the downwardly revised rate in the last quarter of 2013, while economists had expected 0.4pc growth. The first quarter figure stayed positive, mainly thanks to strong growth in the biggest economy Germany, which compensated for stagnation in France and shrinking output in Italy, the Netherlands, Portugal and Finland.

Irish Independent

Also in Business