ECB to Assess Impact of Weak Eurozone Economy on Inflation Ahead of Rate Decision
The Eurozone economy is showing weaker performance than anticipated, prompting the European Central Bank (ECB) to assess its impact on consumer prices
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."
Bulgaria's Deputy Prime Minister and Finance Minister, Lyudmila Petkova, confirmed that the draft budget for 2025 will target a deficit of no more than 3% of the country’s GDP
Retail chains in Bulgaria are actively preparing for the transition from the Bulgarian leva to the euro
The number of young people up to the age of 25 who are heavily in debt is on the rise in Bulgaria
At the end of July 2024, Bulgaria's gross external debt reached 43.69 billion euros
Bulgaria's Ministry of Finance is optimistic that the final requirement for joining the Eurozone will be met by December
A sociological survey conducted by the Trend agency and commissioned by the Expert Club for Economics and Politics (EKIP) reveals that 73% of Bulgarians feel their savings have diminished due to high inflation since mid-2021.
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