Euro-Area Economy Is Losing Momentum, EU Says, Slashing Outlook

Euro-Area Economy Is Losing Momentum, EU Says, Slashing Outlook GDP to expand 0.8% in 2024, down from 1.2% in prior prediction Inflation to slow to 2.7% this year, matches ECB estimate ... Read More

Euro Area to See Consumer Pickup But Risks Are High, EU Says - MSN

The euro area’s economic growth will pick up as obstacles to consumption and investment fade away, though geopolitics poses an increasing threat, according to the European Commission. Read More

Economy has lost momentum during a tough year, EU commission says and warns of risk from Mideast - FOX31 Denver

FRANKFURT, Germany (AP) — The European Union’s executive commission lowered growth its expectations for this year and next, saying the economy “has lost momentum” as inflation discourages ... Read More

Europe’s economy is growing again as inflation continues to fall

The euro area economy is growing again, but may struggle to maintain the momentum for the rest of the year. Gross domestic product across the 20 countries that share the euro currency rose by 0.3% ... Read More

Euro-Area Growth Outlook Faces Downside Risks, Guindos Says - Bloomberg.com

European Central Bank Vice President Luis de Guindos said there are risks to the current growth outlook and that the euro-area economy may perform worse than currently expected. Read More

Euro area is 'on the verge of a recession,' says Citi

In its latest forecast, the bank has lowered euro area GDP growth projections for 2025 to 0.8%, down from 1%, and for 2026 to 0.6%, from a previous estimate of 1.3%. Inflation is also expected to ease ... Read More

Economy suffers ‘sustained loss of momentum’ in wake of Budget - MSN

Britain has suffered a “sustained loss of momentum” in the wake of Rachel Reeves’s tax raid, according to a closely watched survey. Businesses are now implementing hiring freezes en masse in ... Read More

Euro-Area Economy Is Losing Momentum, EU Says, Slashing Outlook

The euro-area economy is entering 2024 on a weaker footing than previously expected, according to new European Union forecasts that anticipate another year of subdued growth. Gross domestic product in ... Read More

Economy has lost momentum during a tough year, EU commission says and warns of risk from Mideast | KRON4

FRANKFURT, Germany (AP) — The European Union’s executive commission lowered growth its expectations for this year and next, saying the economy “has lost momentum” as inflation discourages ... Read More

Euro-Area Economy Is Losing Momentum, EU Says, Slashing Outlook

The euro-area economy is entering 2024 on a weaker footing than previously expected, according to new European Union forecasts that anticipate another year of subdued growth. Gross domestic product in ... Read More