All Posts Tagged With: "eurozone"
Eurozone Enters First Recession, U.S. to Follow
The Eurozone – the 15 countries that use the euro – has officially slipped into its first recession, as the region’s gross domestic product (GDP) contracted by 0.2% in both the second and third quarters of 2008. Analysts anticipate the…
17Nov2008 | Money Morning | 0 comments | ContinuedLikely EU Recession Paves the Way for Greater ECB Influence
The European Commission (EC) said yesterday (Monday) that the Eurozone economy has already slipped into a recession and strong and stable economic growth will not return until 2010. The European Central Bank (ECB), originally charged with the task of maintaining…
4Nov2008 | Money Morning | 0 comments | ContinuedWeak Exports and Domestic Spending Declines Push Eurozone to the Recessionary Brink
The Eurozone economy recorded its first decline in more than a decade as slowdowns in the European Union’s largest economies dragged on gross domestic product (GDP).
The Eurozone economy, which covers the 15 nations that share the euro currency, contracted 0.2%…
15Aug2008 | Money Morning | 0 comments | ContinuedECB Holds Rates Steady, but Growth Concerns are Beginning to Supplant Fears About Inflation
After boosting its benchmark interest rate by a quarter point on July 3, the European Central Bank (ECB) may be forced to reverse course and cut rates sooner than it planned, as slow growth is beginning to trump concerns about…
8Aug2008 | Money Morning | 0 comments | ContinuedProblems with the Euro
You’re on Eurown
In the last year, the euro has decisively outperformed the dollar and the pound. Some commentators have argued that this means that the euro is the currency of the future, and that the dollar has been relegated to…
25Jul2008 | Whiskey and Gunpowder | 0 comments | ContinuedEscalating Inflation at Home and Abroad Puts Pressure on Central Bankers
Inflation is spreading like wildfire around the globe, and while not every country is hurting as bad as Zimbabwe with its mind-boggling 2.2 million percent inflation, the United States and Europe are definitely still getting scorched by rising prices.
U.S. consumer…
17Jul2008 | Money Morning | 0 comments | ContinuedWith a Rate Decision, GDP Report Due Today, the Fed Walks the High Wire Again
If U.S. Federal Reserve policymakers make the expected quarter-point rate cut at the end of their meeting today (Wednesday), the impact will be felt well beyond U.S. borders.
Indeed, the interest-rate reduction could set in motion a series of diverse global…
30Apr2008 | Money Morning | 0 comments | Continued
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