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Ukraine Russia war
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EU economy to 'narrowly' avoid a recession as inflation peak passes
UKRAINE RUSSIA WAR
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Annual inflation across the eurozone will peak at 7.6% in 2022
The Ukraine war and the disruption of energy and food markets continue to increase inflationary pressures.
Inflation in eurozone forecast to hit 4.8% amid soaring energy prices
Energy prices, supply chain bottlenecks, the Omicron variant and geopolitical tensions are all fuelling inflationary pressures.
Brussels raises eurozone growth forecast but warns over energy prices
This outlook depends heavily on two factors: the evolution of the COVID-19 pandemic and the pace at which supply adjusts to the rapid turnaround in demand following the re-opening of the economy.
Vaccines and lifting of restrictions speed up EU's economic recovery
Both the EU and the eurozone are set to expand by 4.8% in 2021, with 12 member states already offsetting all their economic losses this year.
EU economy set to grow faster than expected thanks to vaccination
The European Commission estimates that this year the EU and the eurozone will grow by 4.2% and 4.3%, respectively.
World economy on 'firmer footing' but 'debt and inequality pose risks'
Speaking to Euronews, Kristalina Georgieva said the IMF is ready to upgrade its global forecast but fiscal support must not be withdrawn prematurely.
Economic forecast: Some EU countries will recover in 2021, others must wait until 2022
Commissioner Paolo Gentiloni warned that uncertainty remains high but that the vaccine roll-out and the EU's recovery fund could help accelerate growth in 2021.
Economists revise eurozone growth downwards amid second COVID wave
Lockdowns and pandemic-related restrictions were likely to slow down Europe's economic recovery as the ECB cut its predicts for 2021 and beyond.
Greece's economy to shrink by estimated 8.2% this year
Greece's economy is expected to shrink by an estimated 8.2% this year due to the coronavirus pandemic.
Jobless rate to hit record this year in richest economies, says OECD
The average unemployment rate across the OECD is forecast to reach 9.4 per cent at the end of 2020, and remain stubbornly high at 7.7 per cent in 2021.
EU forecasts 'recession of historic proportions' this year
"Europe is experiencing an economic shock without precedent since the Great Depression,'' the EU's economy chief Paolo Gentiloni said on Wednesday.
Britain to face growth slowdown amidst Brexit fears
Confederation of British Industry lowers 2018 growth forecast citing Brexit and heavy snowfall