country eurozone’

LONDON | UK economy grows at fastest tick in nearly 2 years

LONDON— Official figures show that the British economy grew in the third quarter of the year at its fastest pace for nearly two years. The Office for National Statistics said Friday that the economy expanded by a quarterly rate of 0.6 percent in the July to September period. That’s up from the previous quarter’s 0.4 … Continue reading LONDON | UK economy grows at fastest tick in nearly 2 years

EU expects Italy’s growth to lag euro countries through 2020

Italy, which is embroiled in a bitter budget row with the European Union that is set to come to a head next week, is expected to be the slowest-growing eurozone economy through 2020, according to new forecasts from the bloc’s executive branch. The European Commission said Thursday that growth across the 19-country eurozone is expected … Continue reading EU expects Italy’s growth to lag euro countries through 2020

BRUSSELS | Eurozone economy seen slowing through to 2020

BRUSSELS — The European Union expects economic growth across the 19-country eurozone to slow over the coming years amid rising trade tensions around the world and higher oil prices. In its autumn forecast, the EU’s executive Commission said Thursday that eurozone growth this year is expected to moderate to 2.1 percent from last year’s decade-high … Continue reading BRUSSELS | Eurozone economy seen slowing through to 2020

BRUSSELS | Eurozone inflation near 6-year high as oil prices spikes

BRUSSELS— Inflation across the 19-country eurozone has risen to its highest level in nearly six years largely on the back of higher energy prices, official figures showed Wednesday. Statistics agency Eurostat said the headline measure of consumer price inflation rose to 2.2 percent in the year to October, up from 2.1 percent the previous month. … Continue reading BRUSSELS | Eurozone inflation near 6-year high as oil prices spikes

LONDON | Europe ‘more exposed’ in next downturn, Moody’s warns

LONDON— In a bleak assessment, credit ratings agency Moody’s warned Tuesday that Europe remains highly vulnerable to another economic downturn despite all its fire-fighting efforts over the past few years. The Moody’s report, published as Italian stocks and bonds were falling over the populist government’s spending plans, said Europe “is not ready to cope with … Continue reading LONDON | Europe ‘more exposed’ in next downturn, Moody’s warns

MILAN | Worries about Italy’s finances jolt markets again

MILAN— Italy’s leaders refused to budge from new spending targets that have been spooking investors recently and prompted concerns from the country’s partners in eurozone. Deputy Prime Minister Luigi Di Maio said Tuesday that the government “will not back up one millimeter” from spending targets that will increase the country’s deficit to 2.4 percent of … Continue reading MILAN | Worries about Italy’s finances jolt markets again

FRANKFURT, Germany | European Central Bank: Slower growth likely temporary

FRANKFURT, Germany — European Central Bank policymakers are viewing slower than expected growth as a temporary hiccup and believe that the 19-country eurozone’s upswing remains solid amid strengthening wage growth. The written account of the bank’s July 26 meeting, released Thursday, says policymakers thought any dip in output “would be largely temporary.” However, they warned … Continue reading FRANKFURT, Germany | European Central Bank: Slower growth likely temporary