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Eurozone business growth is at its lowest level since 2014, driven by stagnation in France and a slowdown in Germany, according to recent reports, quoted by Econ.bg
In the shadow of political risks such as Brexit and weaker global growth, the eurozone is struggling to keep its economy healthy, according to a study by IHS Markit.
The disappointing data from the survey show that "quarterly GDP growth in the eurozone has slowed to just below 0.2%," says Chris Williamson, IHS Markit economist.
"Production remains a key area of concern, continuing to shrink at one of the fastest rates observed over the past six years," he adds.
The prospects for the European economy have become darker in recent weeks.
The International Monetary Fund on April 9 sharply lowered its eurozone growth forecast to just 1.3% in 2019, a sharp decline of 1.6% only three months earlier.
European Central Bank chief Mario Draghi warned a day later of the risks that aggravate eurozone growth, describing the current economic indicators as "weak".
However, the ECB chief added: "The projected probability of a recession remains low."
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Amidst discussions about Bulgaria's journey towards joining the Eurozone, Deputy Governor of the Bulgarian National Bank (BNB), Petar Chobanov, highlighted the robustness of Bulgaria's banking system, stating it aligns closely with Eurozone standards
In a recent interview with BTA, Kristalina Georgieva, Managing Director of the IMF, emphasized the importance for Bulgaria to seize the opportunity to adopt the euro, stressing that it is achievable with the right political will
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As Bulgaria inches closer to potential entry into the Eurozone, a closer examination of the nation's banknote circulation provides valuable insights into its monetary landscape
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As Bulgaria grapples with a deepening political crisis and the looming specter of early elections, the economic ramifications are starkly evident
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