Europe’s largest economy announced a slowdown in inflation
Economists expected inflation to rise to 10% based on the results of January. The inflation rate decreased to 9.2% / Illustration by REUTERS Germany, which is the…
The German economic miracle no longer exists
It is a surreal situation. The ECB is still conducting quantitative easing and holding rates at an historic low of minus 0.5pc, severely damaging the business model…
Supply chain crisis ‘costs UK and eurozone one year of growth’
In countries where car production is a major industry, the hit to manufacturing has been larger. Manufacturing output was estimated to be down more than 10pc in…
Eurozone trade deficit hits 13-year high as energy crisis rages
Europe is heavily reliant on imports of oil and gas and in particular from Russia, leaving it vulnerable to the current flare-up in tensions over Ukraine. Around…
Eurozone at risk of permanent damage from goods shortages, central bank warns
Eurozone living standards are at risk of permanent damage if supply chain disruption does not ease soon, the European Central Bank has warned. Globalisation could be partially…
Brexit has made Britain’s inflation problem worse, says Christine Lagarde
Its governing council left rates unchanged despite pressure to act after data on Wednesday showed inflation in the eurozone had risen to a record high. Officials confirmed…
German economy still smaller than pre-pandemic size after omicron reversal
Germany’s economy went into reverse at the end of 2021, as omicron combined with supply shortages left the industrial powerhouse further away from returning to its pre-Covid…
Omicron slams the brakes on eurozone economy
Omicron slammed the brakes on the eurozone economy last month as new Covid outbreaks took their toll on the services and travel industries. Private sector growth slowed…
Greece demands relaxation of EU debt rules
Mr Staikouras, a former analyst at the Bank of England, said: “We expect that there will be changes and amendments, taking the lessons from the pandemic and…
Highest inflation since introduction of the euro piles pressure on Christine Lagarde
Christoph Weil, senior economist at Commerzbank, added that inflation in the first half of next year was likely to be “significantly higher” than the ECB had previously…