Eurozone inflation falls to 0.3 per cent October 16, 2014 More disinflation for the Eurozone. The flash estimates were correct and inflation in the Eurozone has slowed to 0.3 per cent in the year to September. With second-quarter GDP growth also sclerotic at 0.2 in the euro area, there isn’t much to cheer. Industrial production has been weak and France looks on collision [...]
Germany’s woes prompt fear of Eurozone recession October 14, 2014 The Eurozone could be in the midst of recession for the third time since 2008, with data released yesterday pointing to weak growth and deteriorating confidence. Industrial production in the currency union fell by 1.8 per cent in August after a modest rise in July, according to figures released by Eurostat. There was an alarming [...]
Mark Carney on interest rate rises, Eurozone weakness and the 2015 general election October 13, 2014 Is Bank of England governor Mark Carney on a media blitz? He’s already taken the opportunity to tell bank chiefs to face up to new laws which make them legally responsible for any wrongdoing. And, while attending the annual meeting of the International Monetary Fund in Washington, he’s also given interviews to CNBC and CNN making clear that eurozone weakness and [...]
Eurozone fears pull down FTSE to one-year low – London Report October 9, 2014 THE FTSE 100 yesterday hit its lowest level for a year after early gains fell away in a broad-based sell-off as investors became anxious about signs of serious weakening in the Eurozone economy. The blue-chip index, which hit 6,544 points in morning trading, due mainly to a rise in mining shares, ended the day down [...]
As German exports plunge, could the economic giant drag the whole Eurozone into recession? October 9, 2014 Ruth Lea, economic adviser to the Arbuthnot Banking Group, says Yes. Germany’s economy accounts for over a quarter of the Eurozone’s GDP and, until recently, seemed in good health. In contrast, France and Italy are struggling with stagnation and recession respectively. Germany’s GDP fell by 0.2 per cent in the second quarter of 2014, but [...]
FTSE 100 records lowest close for a year as geopolitical and Eurozone worries take their toll October 9, 2014 The FTSE 100 slid to its lowest close for a year today, with anxious investors scurrying to sell off stock due to geopolitical and Eurozone worries. The index of blue-chip shares was down eight per cent on the bell, a 50.39 point drop to 6,431, the lowest level since 10 October last year. [...]
Eurozone inflation rate: Mario Draghi calls on governments to help fight deflation October 9, 2014 Mario Draghi is determined to tackle low inflation in the Eurozone, and has called upon governments to also play their part in the fight against possible deflation. The president of the European Central Bank (ECB) today announced a new package of credit easing measures, including targeted long-term refinancing operations and a bond-buying programme. [...]
Weak Eurozone drags down UK export push October 8, 2014 Britain's resurgent economy is being slowed down by the weak Eurozone, a survey by the British Chambers of Commerce (BCC), says today. GDP was 3.2 per cent higher between April and June than it was over the same period a year before. This was the fastest annual growth of any G7 nation. However, the [...]
UK set to grow despite trouble in the Eurozone October 7, 2014 Economists at the International Monetary Fund yesterday maintained their view that the UK economy would grow 3.2 per cent in 2014 and 2.7 per cent in 2015. The IMF added that a Eurozone recession was now more likely, following poor data in Germany. Manufacturing increased 3.9 per cent on the year but still remained 4.4 [...]
Crisis over for UK – but Eurozone has strong chance of recession, says IMF October 7, 2014 Forget wages rising more slowly than inflation or lagging GDP per capita: the crisis is behind the UK, according to the International Monetary Fund (IMF). Having disagreed with the medicine, the IMF seems now to recognise the current climate as a cure, despite concerns about living standards and spare capacity in the labour market. Things [...]