The annual inflation was still double the European Central Bank’s target, however. ADVERTISEMENT The Eurozone’s annual inflation rate slowed down to 4.3% year-on-year in September, Eurostat announced on Friday. This figure…
Tag: European economy
EU and China may ‘drift apart’ due to political tensions and economic disputes, warns Dombrovskis
The relations between the European Union and China stand at a “crossroads” as a result of mounting political tensions and a litany of economic disputes that remain unresolved, says Valdis…
Europeans approve of EU measures to deal with energy crisis and help Ukraine
A combined 87% of respondents said they thought it was ‘very important’ or fairly important’ that the EU take measures to limit the immediate impact of rising energy prices on…
Are small nations welcome at the EU’s industrial policy table?
It is not just about the money, it is about what each country — no matter its size — can bring to the table, Marius Stasiukaitis writes. The Green Industrial…
OECD urges EU to increase interest rates further
In its latest report, the Organisation for Economic Co-operation and Development says further reforms are needed to help the post-pandemic European economic recovery. The EU needs to bolster the single…
Explained: The ECB’s rate-hike dilemma as eurozone business activity falls
As eurozone businesses face sharp declines in outputs and new orders, experts believe the European Central Bank (ECB) faces a complex challenge as it decides whether to continue its cycle…
Modest economic growth in the eurozone but pressures remain on households
The 20 countries that use the euro currency and their 346 million people saw modest economic growth of 0.3% growth in the second quarter of the year but the outlook…
Eurozone GDP grew by 0.3% in the second quarter of the year, according to Eurostat
In the first quarter of 2023, GDP had remained stable in the euro area and had increased by 0.2% in the EU. The Eurozone economy grew by 0.3% in the…
EU fiscal rules weren’t able to reduce debt in the last 25 years, says Paolo Gentiloni
Paolo Gentiloni, the European Commissioner for the economy, offered on Friday a candid assessment of the European Union’s fiscal framework. “Public debt increased in the last 25 years,” Gentiloni said…
