Piero Cingari is an accomplished financial writer and analyst with a rich background in covering financial and economic themes. He holds master's in economics from the University of Bologna. He began as a bond/FX strategist at AcomeA SGR, later covering currencies and commodities at Capital.com. ...

Euro area inflation rises less than expected in December

05 Jan 2024  |  www.euronews.com  |  English  |  Eurozone Economy

Annual inflation in the Eurozone rose to 2.9% in December, higher than November's 2.4% but below the forecasted 3%. Food, alcohol, and tobacco prices saw the highest increase, while energy prices fell. Core inflation was recorded at 3.4%, slightly down from November. The producer price index (PPI) for November showed a monthly contraction of 0.3%. Italy's inflation rate was 0.6%, Germany's 3.7%, and France's 3.7%. Money markets adjusted expectations for ECB rate cuts, and government bond yields rose. ECB President Christine Lagarde and officials cautioned against premature rate cut discussions, projecting a gradual normalisation of inflation rates.

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Eurozone Economy Inflation European Central Bank

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Monique John is a journalist who focuses on sexual and gender-based violence, the African Diaspora, health and education.

I am a finance journalist and editor, with almost 4 years' experience across full-time and freelance roles, based in London, United Kingdom. I've written about equitiies, commodities, finance, investing and emerging markets extensively. 

Currently, I'm a business reporter at Euronews. I've ...

Declining exports and inventories weigh on the eurozone economy

07 Dec 2023  |  www.euronews.com  |  English  |  Eurozone Economy

The eurozone economy contracted by 0.1% in Q3 2023, driven by declining exports and changing inventory levels. This marks the first GDP fall since Q4 2022. While household consumption and public spending increased slightly, fixed expenditure remained flat. Malta, Poland, and Cyprus saw GDP growth, whereas Ireland, Estonia, and Finland experienced significant declines. Employment in the euro area and the EU rose by 0.2%. The European Central Bank's future interest rate decisions will be crucial, with some members advocating for potential rate hikes if inflation does not meet the 2% target. S&P Global predicts a soft landing for the eurozone economy, potentially leading to earlier-than-expected rate cuts.

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Eurozone Economy Exports GDP

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Luis Mora is a journalist based in Managua, Nicaragua.

Eurozone unemployment rate drops to a historic low of 6.4%

09 Jan 2024  |  www.diariodeibiza.es  |  Spanish  |  Eurozone Economy

The eurozone's unemployment rate fell to a historic low of 6.4% in November, down from 6.5% in October, despite recession warnings. The EU's unemployment rate also hit a new low of 5.9%. The eurozone's unemployment rate is now one percentage point below pre-pandemic levels. Eurostat reported 12.95 million unemployed in the EU, with 10.97 million in the eurozone. Spain, Greece, and Sweden had the highest unemployment rates, while Chequia, Malta, and Poland had the lowest. Youth unemployment in the eurozone dropped to 14.5%, with 2.81 million young people unemployed in the EU.

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Eurozone Economy Unemployment

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Osama Rizvi is an international energy and economic analyst whose areas of interests include global economy, commodity and financial markets and climate change where he specifically focuses on Oil prices, commodity analysis, interest rates, food prices and global economy. Critically, Osama focuses ...

In a recession, out of one, on the brink? Here’s where Europe stands

01 Dec 2023  |  www.euronews.com  |  English  |  Eurozone Economy

Rising rents, mortgages, and energy prices in the eurozone have created challenging economic conditions, with indicators suggesting a potential recession. The eurozone economy contracted in early 2023, and business activity, as measured by the PMI index, shows signs of contraction. Lending activity has decreased, and loan defaults are rising. The European Union has reduced its growth forecasts, and geopolitical tensions are expected to keep energy prices high. The IMF anticipates slight recovery in 2024, but uncertainties remain. Analysts suggest the eurozone might face mild bouts of recession, with significant downside risks to future economic growth.

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Eurozone Economy Economic Conditions Recession

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I am a multimedia journalist, currently based in Porto, Portugal. I'm working as a freelancer for Euronews.

Investigative journalism is my passion and ambition.

I'm from Portugal, so I'm a native Portuguese speaker.
I'm also fluent in English (Cambridge Certificate of Proficiency in English, ...

Unemployment in the euro area drops to 6.4%

09 Jan 2024  |  www.euronews.com  |  English  |  Eurozone Economy

The eurozone's unemployment rate decreased to 6.4% in November 2023, down from 6.5% in October and 6.7% the previous year, according to Eurostat. The EU's overall unemployment rate also fell to 5.9%. Youth unemployment in both the EU and eurozone was 14.5%. Switzerland's unemployment rate dropped to 2%, its lowest since 2001, while Italy's rate fell to 7.5% with youth unemployment at 21%.

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Eurozone Economy Unemployment

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I am a multimedia journalist based between Catania, Italy and in Geneva, Switzerland. After obtaining a master's degree from City, University of London. I've worked at CNN and the World Economic Forum, where I honed my skills in breaking news, long-form features, and corporate communications. My ...

Hopes rise for eurozone economy, but sales growth lags behind

08 Jan 2024  |  www.euronews.com  |  English  |  Eurozone Economy

The Economic Sentiment Indicator (ESI) for December showed increased optimism in the EU and eurozone, with notable rises in Italy, Spain, and Germany. Employment expectations also improved slightly, driven by positive outlooks in services and construction. However, retail sales in the eurozone declined by 0.3% in November, with significant drops in Germany and online retail, continuing a trend of yearly contraction.

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Eurozone Economy Sales Growth Economic Sentiment

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Sofia Sofroniadou is a journalist based in Athens, Greece. She has made several long format documentaries for Swedish radio and tv and have been specialized on the Balkan area since 2010. And has been reporting on the financial- political- and refugee crisis continuosly! 

Sofia has a great ...

Jorge Valero is EU correspondent since 2008. He works for Euractiv and for the Spanish national daily El Economista. His articles have been published in numerous national and international media, including The Guardian, European Voice, Rolling Stone, Vanity Fair, Miami Herald, El Comercio, La Razón,...

Eurogroup Head Expects Euro Area to Grow Around 1% This Year

09 Oct 2023  |  financialpost  |  English  |  Eurozone Economy

The euro-area economy is expected to grow around 1% this year despite high inflation and the war in Ukraine, according to Eurogroup President Paschal Donohoe. Germany's economy shrank in 2023 but avoided a recession due to an upward revision of second-quarter numbers. The OECD forecasts that Germany's growth will be the slowest among G20 members except Argentina. Concerns about high energy costs, interest rates, and low foreign demand persist for major European economies like France and Italy. The European Central Bank aims to return to a 2% inflation target, while China's economic growth is expected to slow in the fourth quarter.

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Eurozone Economy Inflation War in Ukraine

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Bruno Waterfield is Brussels correspondent for The Times. He has been reporting on European affairs for almost 20 years, first from Westminster and then from the capital of the EU. He reported for the Daily Telegraph from Brussels from 2007 to 2015.

Greece regresses while eurozone economy grows

01 Oct 2023  |  www.thetimes.com  |  English  |  Eurozone Economy

The Greek government is experiencing a severe cash crunch as the eurozone withholds €7.2 billion in bailout loans pending the implementation of austerity measures and labor market reforms. The European Commission has downgraded Greece's economic forecasts, citing increased uncertainty and weakened revenues since the election of the Syriza government. The Greek economy, which had shown signs of recovery, is now facing significant setbacks, including a projected deficit and reduced growth rates. In contrast, the broader eurozone economy is experiencing a mild upswing, though long-term sustainability remains uncertain. The UK's growth is expected to slow down, particularly affecting small and medium-sized enterprises.

Tags:

Eurozone Economy Greek Debt Crisis Austerity Measures

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