Eurozone grows faster than expected but Germany faces recession threat again Economics The eurozone grew slightly faster than expected in the second quarter, but Germany slumped back into contraction as Europe’s largest economy faced the threat of recession again. Figures released today by Eurostat showed that the eurozone grew 0.3 per cent in the second quarter, matching the pace of growth in the first quarter and slightly [...]
ECB to cut interest rates but path beyond June ‘still open’ Economics "The rationale behind the cut will be to very gradually reduce the level of monetary policy restrictiveness without ending restrictiveness," Carsten Brzeski, ING's global head of macro said.