Euro zone growth slows sharply
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Euro zone economic growth slumped to its slowest pace for more than a year in the third quarter, prompting economists to warn the European Central Bank (ECB) against any monetary tightening in the near term.
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Economic growth in the 12 nations sharing the euro probably slowed in the third quarter as record oil prices crimped global demand and rising unemployment weighed on consumer spending, a survey of economists ...
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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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A small contraction in the German economy helped hold growth in the 12-member euro zone to 0.2 percent in the fourth quarter, according to official figures released Tuesday.
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Service industries in the 12 nations sharing the euro, such as banking and travel, grew at the slowest pace in 15 months in November, adding to evidence that higher oil prices and the euro s advance to a record ...
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The European Commission raised its estimate for euro zone growth this year to 2.1 percent from the 1.7 percent forecasts last spring due to surging external demand.
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Germany, the largest eurozone economy, lowered its 2008 growth forecast Thursday to 2.0 percent from 2.4 percent and its economy minister warned that fallout from a banking crisis could do more damage still.
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The German economy, the biggest in the 12-country eurozone, nearly came to a standstill in the third quarter as exports, previously the main driving force behind growth, slumped on the back of slowing global growth, official figures showed.
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Sluggish growth in the eurozone is holding back the global economy, according to the US Treasury Secretary John Snow. Speaking during a visit to Dublin, he said the zone was growing at &quot;below its potential
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With growth slowing in China, Europe and Japan, some worry that rapidly escalating prices will trigger a self-reinforcing spiral of falling demand.
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Economic growth slowed sharply in the third quarter to its weakest level since the run-up to last year&#39;s Iraq war, reinforcing expectations the Bank
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The European Central Bank will cut  its euro zone economic growth forecasts for the next two years  when official projections are released on Thursday, a monetary  source told Reuters.
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The first signs of a possible economic slowdown in the euro area emerged in the fourth quarter despite strong growth in the previous quarter, European Central Bank's executive board member Juergen Stark said on Tuesday.
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The euro sank to a near-three week low  against the dollar and stocks eased on Wednesday after data  showed sluggish growth in euro zone services.
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The euro zone&#39;s annual inflation rate eased unexpectedly to 2.3 percent in July from 2.4 percent in June, with lower prices for clothing during summer sales offsetting surging oil prices, the European Union&#39;s statistics agency reported Wednesday.
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French economic growth is expected to dip slightly to 2.1 percent this year from 2.2 percent in 2006, still well below the eurozone average, the national statistics institute INSEE said Friday.
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European Central Bank chief economist Otmar Issing has said the slowing of euro zone economic growth in the third quarter was temporary and he expects growth rates to pick up again.