Lag in eurozone &#39;negative&#39; for global economy: Snow
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DUBLIN, Nov 15  - US Treasury Secretary John Snow said Monday the eurozone was growing &quot;below its potential,&quot; calling it &quot;negative&quot; for the global economy.
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New data shows third-quarter slowdown in euro-zone growth
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Sterling rose on the news, with separate data for eurozone manufacturing coming in much weaker than expected. Output actually contracted in Germany and Italy.
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A report released in Brussels on Friday showed a slowdown of economic growth in the 12-nation eurozone due to record high oil prices and the euro&#39;s sharp rise against the US dollar.
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The slowdown in economic growth seen in the 12-country eurozone in the third quarter of this year is only "temporary," the European Central Bank's chief economist Otmar Issing said in a newspaper interview.
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PARIS : Eurozone indicators to be released in the coming week should confirm that the pace of economic growth slowed in the third quarter, economists say.
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US Treasury Secretary John Snow began a European tour aiming to highlight the need for stronger economic growth in Europe and elsewhere as Washington tries to blunt criticism over massive US deficits that have pushed the dollar to new lows.
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The global economy is likely to slow due to the impact of a big correction in the U.S. balance of payments deficit but should avoid recession, Italian Economy Minister Tommaso Padoa-Schioppa told the Financial Times.
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Business & money: Finance chiefs from the G7 warn the global economy will slow down as a result of US mortgage crisis
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The sharp economic slowdown in the eurozone shown in the latest growth figures was of a &quot;one-off, temporary nature&quot; and growth will rebound to an annual rate
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The eurozone economy got slapped with a wave of bad news that highlighted a third-quarter slowdown, a decline in industrial activity and a stagnant job market.
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Equities fall as Europe fears a wider economic slump.
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VALLETTA/ST. JULIAN'S, Malta  - The euro zone economy could slow more than previously forecast, a policymaker said on Saturday, as other EU leaders voiced worries about the weak U.S. economy and the strong euro currency.
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Eurozone economic chiefs on Monday looked on the bright side of recent &quot;worrisome&quot; data, insisting that the 12-country single currency area was still on course for growth of 2 per cent in 2005.
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Fears of an economic slowdown in Europe deepened on Friday, after the release of weaker-than-expected data and another record in the euroâs relentless rise against the dollar.
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Signs of shaky economies in France and Germany have sharpened worries about Europe's less-than-robust recovery &#151; and underscored the struggle to shake up regulation-clogged economies in countries that use the euro.
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The euro slumped on Monday as fears over the prospect of a US slowdown spilling over into the global economy sparked a rout on the world's stock markets.