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Gross domestic product was flat with a zero increase in the final quarter of 2024 in the 20-nation eurozone, EU statistics agency Eurostat said. ... with spending after being stung by inflation ...
Gross domestic product was flat with a zero increase in the final quarter of 2024 in the 20-nation eurozone, the EU statistics agency Eurostat said. The economy slowed from 0.4% growth in the third quarter as businesses were unsettled by possible trade disruptions under the new administration of U.S. President Donald Trump.
Gross domestic product was flat with a zero increase in the final quarter of 2024 in the 20-nation eurozone, the EU statistics agency Eurostat said. The economy slowed from 0.4% growth in the third quarter as businesses were unsettled by possible trade disruptions under the new administration of U.S. President Donald Trump.
Inflation is down from its peak of 10.6% in October 2022, although it is still somewhat above target at 2.4% in December on higher energy prices. Europe’s economy stagnated at the end of last year as its former growth engine, Germany , finished a second straight year of shrinking output.
Inflation was estimated to reach 8.0% in 2022, and reach 7.0% in 2023. [22] Household consumption fell by 0.8%. Dutch bank ING's global head of macro research Carsten Brzeski stated that Germany had a high risk of recession in 2024 with no predicted short-term rebound, which would mark Germany's first two-year-long recession since 2004 ...
The Harmonised Index of Consumer Prices (HICP) is an indicator of inflation and price stability for the European Central Bank (ECB). It is a consumer price index which is compiled according to a methodology that has been harmonised across EU countries. The euro area HICP is a weighted average of price indices of member states who have adopted ...
The EU has a long-term budget, named Multiannual Financial Framework (MFF), of €1,082.5 billion for the period 2014–2020, representing 1.02% of the EU-28's GNI. [51]The overall budget for the period 2021-2027 is of €1.8 trillion combining the MFF of €1,074.3 billion with an extraordinary recovery fund of €750 billion, known as Next Generation EU, to support member states hit by the ...
The OECD reduced its forecast UK growth rate for 2024 to 0.8% – the weakest across the G7.