Tag: eurozone
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Eurozone unemployment rises as interest rates start to bite
[ad_1] Listen to article Unemployment in the eurozone has unexpectedly risen to 6.5 percent as the effects of higher interest rates are beginning to drag down the economy. According to figures published by the bloc’s statistics arm Eurostat on Friday (3 November), unemployment rose by 69,000 in September, compared to the previous month, to 11…
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Eurozone Inflation Rate Drops to 4.3 Percent
[ad_1] Country by Country: A big drop in Germany but rises in Italy and Spain. Inflation in the eurozone, after peaking at an annual rate of 10.6 percent last year, has been on the decline over the past year. Core inflation, which strips out the volatile categories of food and energy and is considered a…
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How fast is eurozone inflation falling?
[ad_1] Receive free Eurozone inflation updates We’ll send you a myFT Daily Digest email rounding up the latest Eurozone inflation news every morning. Oil prices are rising and retailers’ summer sales are ending, yet most economists expect inflation in the eurozone to fall to nearly a two-year low in September when official data is released…
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Eurozone economic downturn looms as business orders fall
[ad_1] Receive free Eurozone economy updates We’ll send you a myFT Daily Digest email rounding up the latest Eurozone economy news every morning. A majority of eurozone businesses reported continued falls in activity and new orders this month, according to a closely watched survey that signals a likely economic contraction. At 47.1, the headline figure…
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Euro’s weakness reveals the worries over the eurozone economy
[ad_1] Receive free The Long View updates We’ll send you a myFT Daily Digest email rounding up the latest The Long View news every morning. The response in the euro to this week’s latest crank higher in interest rates tells us a good deal about how investors are looking at the world. The inflation-focused European…
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eurozone home prices could see ‘disorderly’ fall
[ad_1] Take heed to article The European Central Financial institution (ECB) has issued a warning that prime mortgage charges are rendering properties unaffordable for households and unappealing for buyers, probably resulting in a ‘disorderly’ decline in EU dwelling costs. As of March 2023, the typical rate of interest on loans for home purchases within the…
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How fast is the eurozone recovering from the impact of high gas prices?
[ad_1] How briskly is the eurozone recovering from the impression of excessive fuel costs? The restoration of the eurozone financial system from final 12 months’s vitality worth shock is predicted to be confirmed this week with the discharge of gross home product figures exhibiting a return to optimistic development within the first quarter. A continued…