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Eurostat

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economy21 days ago•2 min saved

Eurozone inflation cools to 1.7%, keeping ECB on hold

Eurozone inflation slowed to 1.7% in January per Eurostat flash data, with core inflation at 2.2%. The readings support the ECB keeping its 2% policy rate steady for now, with little chance of near-term cuts, though some analysts warn policy could shift if risks evolve, including a possible hike later (potentially in 2027).

via CNBC|

#core-inflation #ecb #economy

economy2 years ago•1 min saved

Euro zone GDP contracts in Q3, but employment sees growth

The euro zone economy contracted slightly in the third quarter, confirming expectations of a technical recession if the fourth quarter remains weak. However, employment in the euro zone rose during the same period. The growth slump is attributed to high inflation, record high interest rates, and tightening fiscal policy.

via Reuters|

#economy #employment #euro-zone