Headline inflation across the euro area was confirmed at a six-month high of 2.5 per cent in January ahead of next week’s European Central Bank (ECB) policy meeting. The latest Eurostat figures show price growth across the single currency bloc rose from 2.4 per cent to 2.5 per cent last month, slightly disappointing expectations.
The euro zone economy grew a touch faster than initially thought in the last quarter of 2024 but employment barely grew, offering further evidence that the economy of the 20 countries sharing the euro is broadly stagnant.
The sector's two-year recession is far from over even if some sentiment and order figures have pointed to bottoming out.
FRANKFURT (Reuters ... Euro zone GDP grew by 0.1% in the fourth quarter, Eurostat said on Friday, raising its previous estimate which had shown stagnation. Compared with a year earlier, the ...