Recent Releases

Eurozone Q2 GDP Growth Rate Confirmed at 0.6%
The Eurozone economy expanded 0.6 percent on quarter in the three months to June of 2017, in line with the second estimate and following a 0.5 percent advance in the previous period. Growth was mainly boosted by household consumption, fixed investment and exports. Among Eurozone's largest economies, GDP growth picked up in Spain; was unchanged in France and Italy; and slowed in Germany.
Published on 2017-09-07

Eurozone Q2 GDP Growth Confirmed at 0.6%
The Eurozone economy advanced 0.6 percent on quarter in the three months to June of 2017, in line with the preliminary estimate and following a 0.5 percent growth in the previous period. Among Eurozone's largest economies, GDP growth picked up in Spain; was unchanged in France and Italy; and slowed in Germany.
Published on 2017-08-16

Eurozone Economy Grows 0.6% in Q2
The Eurozone economy advanced 0.6 percent on quarter in the three months to June of 2017, in line with market expectations and following a downwardly revised 0.5 percent growth in the previous period, the preliminary flash estimate showed. Among countries for which data is already available, GDP growth picked up in Spain; was unchanged in France and Austria; and slowed in Belgium, Latvia and Lithuania.
Published on 2017-08-01

Eurozone Economy Grows The Most Since Q1 2015
The Eurozone economy expanded 0.6 percent on quarter in the first three months of 2017, better than a second estimate of 0.5 percent and following a 0.5 percent advance in the previous period. It was the strongest growth rate since the first quarter of 2015, mainly boosted by fixed investment and household consumption. Growth picked up in Germany, Spain and Italy but slowed in France.
Published on 2017-06-08

Euro Area GDP Growth Confirmed At 0.5% In Q1
The Eurozone economy expanded 0.5 percent on quarter in the first three months of 2017, the same as in the previous period and in line with the preliminary estimate. Growth picked up in Germany and Spain but slowed in France and was steady in Italy.
Published on 2017-05-16

Eurozone Economy Grows 0.5% In Q1
The Eurozone economy advanced 0.5 percent on quarter in the three months to March of 2017, the same pace as in the previous period and in line with market expectations, the preliminary flash estimate showed. Among countries for which data is already available, GDP growth picked up in Spain, Austria, Belgium and Latvia but eased in France and Lithuania.
Published on 2017-05-03

Eurozone Q4 GDP Growth Confirmed At 0.4%
The Euro Area economy advanced 0.4 percent on quarter in the three months to December of 2016, the same as in the previous period and in line with the second estimate. Compared with the same quarter of 2015, the bloc's economy grew 1.7 percent, also in line with earlier estimate.
Published on 2017-03-07

Eurozone Q4 GDP Growth Revised Down To 0.4%
The Eurozone economy advanced 0.4 percent on quarter in the three months to December of 2016, the same pace as in the previous period and worse than a preliminary reading of a 0.5 percent expansion, the second estimate showed. Among countries for which data is already available, GDP growth picked up in Germany and France; was unchanged in Spain; and slowed in Italy.
Published on 2017-02-14

Eurozone GDP Growth Beats Expectations In Q4
The Eurozone economy advanced 0.5 percent on quarter in the three months to December of 2016, following an upwardly revised 0.4 percent growth in the previous period and better than market expectations of a 0.4 percent expansion, the preliminary flash estimate showed. Among countries for which data is already available, GDP growth picked up in France, Belgium, Latvia and Lithuania and was unchanged in Spain and Austria.
Published on 2017-01-31

Eurozone Q3 GDP Growth Confirmed At 0.3%
The Euro Area economy advanced 0.3 percent on quarter in the three months to September of 2016, the same as in the previous period and in line with earlier estimates. Household consumption and public spending were the main drivers of growth while fixed investment slowed sharply and net external demand contributed negatively.
Published on 2016-12-06

Euro Area GDP Growth in Line With Estimates at 0.3%
The Eurozone economy expanded 0.3 percent on quarter in the three months to September of 2016, the same as in the previous period and in line with preliminary figures, the second estimate showed. GDP growth slowed in most countries including Germany and Spain but picked up in France and Italy.
Published on 2016-11-15

Euro Area GDP Growth Steady at 0.3% in Q3
The Eurozone economy expanded 0.3 percent on quarter in the three months to September of 2016, the same as in the previous period and in line with market expectations, preliminary estimates showed. GDP growth picked up in France and Austria but slowed in Spain, Belgium and Lithuania.
Published on 2016-10-31

Exports and Consumers Boost Euro Area Growth in Q2
The Euro Area economy advanced 0.3 percent on quarter in the three months to June of 2016, slowing from a 0.5 percent growth in the previous period and in line with earlier estimates. Exports and household consumption drove the expansion while investment stalled and the drag from inventories worsened.
Published on 2016-09-06

Eurozone GDP Growth Confirmed at 0.3% in Q2
The Eurozone's economy expanded 0.3 percent on quarter in the three months to June 2016 slowing from a 0.6 percent growth in the previous period and matching preliminary reading, second estimate showed. Among the largest economies of the Euro Area, GDP growth slowed in Germany and Spain; while growth in France and Italy was flat.
Published on 2016-08-12

Euro Area GDP Growth Slows to 0.3% in Q2
The Eurozone economy expanded 0.3 percent on quarter in the three months to June of 2016, cooling from a 0.6 percent growth in the previous period but in line with market expectations. It is the lowest growth rate in three quarters as the French economy stalled, preliminary estimates showed.
Published on 2016-07-29

Euro Area GDP Growth Revised Up to 1-Year High of 0.6%
The Eurozone economy advanced 0.6 percent on quarter in the first three months of 2016, higher than an upwardly revised 0.4 percent expansion in the previous quarter and the strongest performance in a year, final figures showed. Growth was mainly driven by household spending and private investment.
Published on 2016-06-07

Euro Area GDP Growth Revised Down to 0.5%
The Eurozone economy expanded 0.5 percent on quarter in the first three months of 2016, lower than a preliminary estimate of a 0.6 percent growth. It is still the fastest growth in a year as Germany, France and Italy accelerated while Greece and Latvia contracted.
Published on 2016-05-13

Euro Area GDP Growth Beats Expectations
The Eurozone economy expanded 0.6 percent on quarter in the first three months of 2016 compared to a 0.3 percent growth rate in the previous period and market expectations of a 0.4 percent gain, preliminary estimates showed.
Published on 2016-04-29

Euro Area GDP Growth Confirmed at 0.3%
The Eurozone economy advanced 0.3 percent on quarter in the three months to December of 2015, the same as in the previous quarter and in line with preliminary figures. Gross fixed capital formation boosted the expansion while household spending slowed and net trade contributed negatively to growth for the second consecutive quarter. The EU 28 expanded 0.4 percent, higher than a 0.3 percent increase in earlier estimates.
Published on 2016-03-08

Euro Area GDP Expands 0.3% in Q4
The Eurozone economy advanced 0.3 percent on quarter in the three months to December of 2015, the same as in the previous quarter and in line with market expectations, preliminary estimates showed. The German expansion matched forecasts while growth figures for Italy and France disappointed.
Published on 2016-02-12

Euro Area GDP Growth Confirmed at 0.3%
The Eurozone economy advanced at a slower 0.3 percent on quarter in the three months to September of 2015, compared to a 0.4 percent expansion in the previous period and the lowest performance in a year, figures from the second estimate confirmed. Household consumption was the main driver of growth, offsetting a negative impact from external trade. The European Union GDP expanded 0.4 percent.
Published on 2015-12-08

Euro Area GDP Growth Below Expectations
The Eurozone economy advanced 0.3 percent on quarter in the three months to September, slowing from a 0.4 percent rise in the previous period and below market forecasts. It is the weakest expansion in a year as GDP growth slowed in most countries including Germany and Italy while France expanded at a faster pace.
Published on 2015-11-13

Euro Area GDP Growth Revised Up
The Eurozone economy expanded 0.4 percent on quarter in the three months to June of 2015, better than an initial estimate of 0.3 percent, boosted by higher exports and resilient consumer spending.
Published on 2015-09-08

Euro Area GDP Growth Slows in Q2
The Eurozone economy advanced only 0.3 percent in the second quarter of 2015, down from a 0.4 percent growth in the previous period and below markets expectations of 0.4 percent growth. German, Italian and Dutch expansion missed expectations while France stagnated.
Published on 2015-08-14

Euro Area GDP Growth Confirmed at 0.4%
The Eurozone economy expanded 0.4 percent on quarter in the first three months of 2015, matching preliminary estimates. Household consumption and investment were the main drivers of growth, final figures showed.
Published on 2015-06-09

Euro Area GDP Growth at 0.4% in Q1
The Eurozone economy advanced 0.4 percent in the first three months of 2015, up from a 0.3 percent growth in the previous period. It is the biggest gain in seven quarters, preliminary estimates showed.
Published on 2015-05-13

Euro Area GDP Growth Confirmed at 0.3%
The Eurozone advanced 0.3 percent on quarter in the last three months of 2014, slightly up from a 0.2 percent expansion in the previous period. The second estimate matched preliminary figures and showed household expenditure was the main driver of growth.
Published on 2015-03-06

Euro Area Economy Grows More Than Expected
The Eurozone GDP advanced 0.3 percent on quarter in the last three months of 2014, faster than a 0.2 percent rise in the previous period. Preliminary estimates showed expanison in Germany and Spain accelerated while France barely grew and Italy stagnated.
Published on 2015-02-13

Euro Area Economy Expands 0.2% in Q2
The Eurozone GDP growth was confirmed at 0.2 percent in the third quarter of 2014, up from a 0.1 percent expansion reported from April to June. Household and government expenditure kept the economy growing while investments and external trade contributed negatively to the expansion.
Published on 2014-12-05

Euro Area GDP Growth Above Expectations
The Eurozone economy advanced 0.2 percent in the third quarter of 2014, up from a 0.1 percent expansion reported from April to June. Preliminary figures came in better than expected, as GDP accelerated in France and Germany avoided recession.
Published on 2014-11-14

Euro Area GDP Growth Revised Up
The Eurozone economy advanced 0.1 percent in the second quarter of 2014, stronger than previously estimated and due to changes in the GDP calculating methods introduced by the Eurostat. Annual growth figures were also revised upwards.
Published on 2014-10-17

Euro Area Economy Stalls in Q2
Euro Area seasonally adjusted GDP stagnated in the April to June period, according to second estimates released by Eurostat and matching the advance figures. A rise in household consumption was not enough to offset falling investment and inventories. In the EU 28 the GDP rose by 0.2 percent.
Published on 2014-09-05

Euro Area GDP Growth Halts in Q2
Euro Area seasonally adjusted GDP remained stable in the second quarter of 2014, compared with the previous quarter, according to the flash estimate. Strong numbers in Spain and Netherlands were not enough to offset shrinking growth in Germany and Italy and stagnant France.
Published on 2014-08-14

Euro Area GDP Growth Slows in Q1
The Euro Area economy advanced 0.2 percent quarter-on-quarter in the first three months of 2014, slowing from a revised 0.3 percent expansion in the previous quarter and matching initial estimates. Growth was mainly driven by household consumption, while exports and investment slowed sharply.
Published on 2014-06-04

Euro Area Recovery Fails to Gather Momentum
Euro Area GDP advanced 0.2 percent in the first quarter of 2014, the same rate recorded in the previous period and below market expectations. While Germany posted strong growth, France stagnated and Italy contracted.
Published on 2014-05-15

Euro Area GDP Growth Revised Down in Q4
The Euro Area economy advanced 0.2 percent in the last quarter of 2013, according to the third estimate released by the Eurostat. The final figure comes below a 0.3 percent expansion earlier reported, as growth of exports and imports was revised.
Published on 2014-04-02

Euro Area GDP Growth Confirmed at 0.3%
In the last quarter of 2013, Euro Area’s GDP growth accelerated to 0.3 percent over the previous quarter, matching initial estimates and boosted by investment and exports. The figure compares with 0.1 percent growth in the previous three-month period.
Published on 2014-03-05

Euro Area GDP Beats Expectations
Euro Area GDP advanced 0.3 percent in the last quarter of 2013, according to flash estimates, as France, Germany, the Netherlands and Portugal showed better-than-expected growth rates and the Italian economy returned to growth.
Published on 2014-02-14

Euro Area Slower Growth Confirmed in Q3
In the third quarter of 2013, the GDP in the EU 17 advanced 0.1 percent over the previous quarter, down from 0.3 percent in the previous three-month period, according to second estimates published by Eurostat, hurt by weak exports. EU 28 GDP grew 0.2 percent.
Published on 2013-12-04

Euro Area GDP Growth Slows to 0.1% QoQ in Q3
In the third quarter of 2013, the GDP in the EU 17 expanded 0.1 percent over the previous quarter, down from 0.3 percent recorded in the previous three-month period, according to flash estimates published by the Eurostat.
Published on 2013-11-14

Euro Area GDP Growth Confirmed at 0.3% in Q2
In the second quarter of 2013, Euro Area seasonally adjusted GDP rose by 0.3 percent qoq in line with preliminary estimates. The rebound from previous quarters' contractions was mainly due to exports which contributed 0.8 percentage points to output.
Published on 2013-09-04

Euro Area's Economy Exits Recession in Q2
In the second quarter of 2013, Euro Area seasonally adjusted GDP rose by 0.3 percent from the first three months of the year helped by stronger growth in the zone's two largest economies: Germany and France.
Published on 2013-08-15

Euro Area GDP Growth Rate Revised Down to -0.3% QoQ
In Q1 of 2013, Euro Area GDP fell by 0.3 percent, down from a previously estimated decrease of 0.2 percent. In spite of downward revision, the economy contracted less than in the previous quarter (-0.6 percent), mainly due to an improvement in inventories and household demand, which, unlike in Q4 of 2012, did not weigh down the overall result.
Published on 2013-07-04

Euro Area Economy Contraction Confirmed at 0.2% QoQ in Q1
GDP fell by 0.2 percent in the Euro Area during the first quarter of 2013, compared with the previous quarter, according to second estimates published by Eurostat. In the fourth quarter of 2012, growth rate was -0.6 percent. The smaller contraction in Q1 was mainly due to an improvement in inventories and household demand, which, unlike in the previous quarter, did not weigh down the overall result.
Published on 2013-06-05

Euro Area Extends Recession in Q1
GDP fell by 0.2 percent in the euro area and by 0.1 percent in the EU27 during the first quarter of 2013, compared with the previous quarter, according to flash estimates published by Eurostat, the statistical office of the European Union. In the fourth quarter of 2012, growth rates were -0.6 percent and -0.5 percent respectively.
Published on 2013-05-15

Euro Area Second Estimate For GDP Growth Confirms 0.6 Percent Contraction in Q4
GDP fell by 0.6 percent in the euro area and by 0.5 percent in the EU27 during the fourth quarter of 2012, compared with the previous quarter, according to second estimates published by Eurostat. In the third quarter of 2012, growth rates were -0.1 percent and +0.1 percent respectively.
Published on 2013-03-06

Euro Area GDP Down By 0.6 Percent in Q4
GDP fell by 0.6 percent in the euro area and by 0.5 percent in the EU27 during the fourth quarter of 2012, compared with the previous quarter, according to flash estimates published by Eurostat, the statistical office of the European Union. Over the whole year 2012, GDP fell by 0.5 percent in the euro area and by 0.3 percent in the EU27.
Published on 2013-02-14

Euro Area GDP Down by 0.1 Percent in Q3
GDP fell by 0.1 percent in the euro area(EA17) and increased by 0.1 percent in the EU27 during the third quarter of 2012, compared with the previous quarter, according to flash estimates published by Eurostat, the statistical office of the European Union.
Published on 2012-12-06

Euro Area GDP Down by 0.1 Percent in Q3
GDP fell by 0.1 percent in the euro area(EA17) and increased by 0.1 percent in the EU27 during the third quarter of 2012, compared with the previous quarter, according to flash estimates published by Eurostat, the statistical office of the European Union.
Published on 2012-11-15

Euro Area GDP down by 0.2% in Q2
GDP fell by 0.2% in both the euro area (EA17) and the EU27 during the second quarter of 2012, compared with the previous quarter, according to flash estimates published by Eurostat, the statistical office of the European Union.
Published on 2012-08-14

Euro Area GDP Down by 0.3%
GDP decreased by 0.3% in both the euro area (EA17) during the fourth quarter of 2011, compared with the previous quarter, according to second estimates released by Eurostat, the statistical office of the European Union. In the third quarter of 2011, growth rate was +0.1%.
Published on 2012-03-06

Euro Area GDP Down by 0.3% in Q4
Euro Area GDP fell by 0.3% in both the euro area (EA17) and the EU271 during the fourth quarter of 2011, compared with the previous quarter, according to flash estimates published by Eurostat. In the third quarter of 2011, growth rates were +0.1% and +0.3% respectively.
Published on 2012-02-15

Euro Area Grows 0.2% in Q2
GDP increased by 0.2% in both the Euro Area (EA17) and the EU27 during the third quarter of 2011, compared with the previous quarter, according to flash estimates published by Eurostat. In the second quarter of 2011, growth rates were +0.2% in both zones.
Published on 2011-11-15

Euro Area GDP Growth up by 0.2% in Q2
GDP increased by 0.2% in both the euro area (EA17) and the EU27 during the second quarter of 2011, compared with the previous quarter, according to flash estimates published by Eurostat, the statistical office of the European Union. In the first quarter of 2011, growth rates were +0.8% in both zones.
Published on 2011-08-16

Euro Area GDP up by 0.8% in Q1
Euro Area GDP increased by 0.8% during the first quarter of 2011, compared with the previous quarter, according to flash estimates published by Eurostat.
Published on 2011-05-13

Euro Area GDP Rises by 0.3% in Q4
GDP increased by 0.3% in the euro area (EA16) and by 0.2% in the EU27 during the fourth quarter of 2010, compared with the previous quarter, according to flash estimates published by Eurostat, the statistical office of the European Union.
Published on 2011-02-15

Euro Area GDP up by 0.4%
GDP increased by 0.4% in both the euro area (EA16) and the EU27 during the third quarter of 2010, compared with the previous quarter, according to flash estimates published by Eurostat, the statistical office of the European Union.
Published on 2010-11-12

Germany Lifts Eurozone GDP Growth 1%
Germany on Friday reasserted itself as the economic growth engine of the eurozone, after gross domestic product expanded at a stellar 2.2 per cent rate in the second quarter compared with the previous three months.
Published on 2010-08-13

Recovery in Euro Area Seen Falling Behind Schedule
In the first quarter of 2010, the Euro Area economy expanded 0.2%, supported mainly by exports and government spending. Yet, new austerity measures put on place by many member countries in order to fight fiscal deficit may push the recovery even more behind schedule.
Published on 2010-06-09

Euro Area Economy Grows at 0.2%
Europe’s economy expanded at a faster pace than economists forecast in the first quarter as a global recovery boosted exports.
Published on 2010-05-12

Recovery in Euro Area Seen Falling Behind Schedule
After promising data in the third quarter of 2009, the Euro Area economy expanded by only 0.1% in the last three months of last year. And if it wouldn't be for France's 0.6% growth, the common currency zone would most likely record a contraction.
Published on 2010-03-03

Europe’s Recovery Almost Stalls
Europe’s recovery almost stalled in the fourth quarter as waning spending and investment in Germany unexpectedly brought growth in the region’s largest economy to a halt.
Published on 2010-02-12

Debt Crisis May Endanger Europe's Economic Recovery
In the third quarter of 2009, the Euro Area economy emerged from the worst recession since World War II. Yet, during the last few weeks, the single currency union has been facing the biggest challenge since its establishments as lower tax revenues started bringing fiscal deficit in some member countries to unsustainable levels.
Published on 2010-02-06

Euro Area Economic Growth May be Slower in 2010
In the third quarter of 2009, the Euro Area economy emerged from the worst recession since World War II. And although estimates for next year are positive, the second largest economy in the world will have to face many challenges in order to make a sustainable recovery.
Published on 2009-12-10

Euro Area GDP up by 0.4%
GDP increased by 0.4% in the euro area1 (EA16) and by 0.3% in the EU27 during the third quarter of 2009, compared with the previous quarter, according to first estimates released by Eurostat. In the second quarter of 2009, growth rates were -0.2% in the euro area and -0.3% in the EU27.
Published on 2009-12-03

Europe Manufacturing, Services Expansion Accelerates
Europe’s services and manufacturing industries expanded at the fastest pace in two years in November after a reviving global economy helped the euro region emerge from the worst recession in more than 60 years.
Published on 2009-11-23

Europe’s Economy Emerges From Recession
The euro-area economy emerged from its worst recession since World War II in the third quarter as exports from Germany and France helped compensate for households’ reluctance to increase spending.
Published on 2009-11-13

The Euro Area is Not Heading to a Sustainable Recovery
The Euro Area economy probably returned to positive growth in the third quarter of 2009. However, the recovery may not be sustainable because of rising unemployment and scarce credit availability.
Published on 2009-10-30

European Manufacturing Expands, Services Growth Accelerates
Europe’s manufacturing expanded for the first time in 17 months and services industries grew at a faster pace in October as evidence mounted that the global economy is pulling out of the recession.
Published on 2009-10-23

European Economy Contracts More Than Estimated
Europe’s economy contracted more than estimated in the second quarter as consumer spending, investment and exports were weaker than earlier reported.
Published on 2009-10-07

Euro Area Economic Recovery Looks Fragile
The Euro Area GDP shrank only 0.1% in the second quarter of 2009, according to data released this week. But is it really a good idea for politicians to be excited about growth below trend? Moreover, can one economist forecast that the Eurozone is on the brink of a major economic recovery? Probably not.
Published on 2009-08-14

Euro Area Economy Contracted 0.1% in Q2
The euro-region economy barely contracted in the second quarter as Germany and France unexpectedly returned to growth, suggesting Europe’s worst recession since World War II is coming to an end.
Published on 2009-08-13

The European Economy is Still at Risk!
In the first quarter of 2009, the Euro Area economy shrank 4.9 percent from a year earlier, the biggest decline on record. And although there are some signs that the world’s second largest economy is getting better, it will likely contract further during the next few months.
Published on 2009-07-08

Europe’s Economy Shrinks Most on Record
Europe’s economy contracted by a record in the first quarter as exports dropped and companies cut spending and jobs to weather the slump in demand.
Published on 2009-07-08

European Manufacturing, Services Contraction Weakens
Europe’s manufacturing and service industries contracted at the slowest pace in nine months in June, adding to signs the recession is bottoming out.
Published on 2009-06-23

The Worst is Not Yet Over for the European Economy
In the fist quarter of 2009 the Europe’s economy contracted at the fastest pace in at least 13 years. And although there are some signs that the second largest economy in the world is getting better, it will likely contract further during the next few months.
Published on 2009-05-29

Europe’s Economy Contracts 2.5%
Europe’s economy contracted at the fastest pace in at least 13 years in the first quarter as companies cut output and jobs to survive the worst global slump in more than six decades.
Published on 2009-05-15

The Worst is Not Yet Over for the European Economy
In the last quarter of 2008 the Europe’s recession deepened the most in at least 13 years. And although there are some signs that the second largest economy in the world is getting better, it will likely contract further during the next few months.
Published on 2009-04-29

Europe’s Recession Deepens
Europe’s recession deepened more than estimated in the fourth quarter after companies scaled back production and consumer spending declined.
Published on 2009-04-07

Euro Area Recession Is Deepening
Euro Area growth contracted at its fastest ever rate at the end of last year, slumping unprecedented 1.5 per cent. What is behind this unexpected fall and what can be done to soften the downward spiral?
Published on 2009-02-18

Eurozone Contracts at Record Rate
Eurozone growth contracted at its fastest ever rate at the end of last year, with an unexpectedly-bad German performance deepening the recession more than had been feared.
Published on 2009-02-13

Euro Area Recession Could Deepen
The Euro Area is entering 2009 facing the worst economic prospects in many years. Moreover, in 2009 most European countries will contract or record flat or low levels of growth given worldwide economic conditions.
Published on 2009-01-07

The Euro Area Could Be Heading to a Sharp Recession
Last week, after an unprecedented 75 basis points interest rate cut, the European Central Bank's President Jean- Claude Trichet finally acknowledged that the euro region's economy could shrink in 2009 for the first time since 1993.
Published on 2008-12-09

Europe Economy Falls Into First Recession in 15 Years
Europe's economy fell into its first recession in 15 years in the third quarter, paving the way for deeper cuts to interest rates and taxes amid the worst financial crisis since the Great Depression.
Published on 2008-11-14

Is Euro Area Economy Collapsing?
Not a long time ago, the Euro Area economy was considered as one of the strongest in the world. However, it is now visible that the region's economy is deteriorating day by day and the worst part of the economic cycle has not yet been reached.
Published on 2008-11-12

Europe Failure to Response to the Financial Crisis is Threatening the Euro
On Monday, Europe's Dow Jones Stoxx 600 Index sank 7.6 percent, recording the steepest drop since October 1987. In addition, the euro fell below $1.35 against the dollar for the first time in more than a year. However, judging by the recent actions of the European Union members, this lesson hasn't taught them anything.
Published on 2008-10-07

Euro Area Could Fall Into a Sharp Recession
Until very recently no one would expect the Euro Area economy to fall in recession. But as the United States financial market crisis spills over into the global economy there is no chance for Europe to stay afloat while the world is sinking.
Published on 2008-09-30

European Investment, Spending Drop as Economy Shrinks
European company investment, consumer spending and exports declined in the second quarter, dragging the economy into a 0.2 percent contraction and pushing it to the brink of a recession.
Published on 2008-09-03

Eurozone Economy Contracts for the First Time
The eurozone economy has contracted for the first time since the launch of the euro a decade ago, with France hit unexpectedly-badly by high oil prices and deteriorating global conditions.
Published on 2008-08-14

How Much Can Oil Prices Influence the Euro Zone Economy?
Since the end of 2004, euro denominated oil has risen by nearly 300%. Although the increase in energy prices is not as significant as in other parts of the world, we expect it to start putting downward pressure in the Euro Zone economy in the second half of 2008.
Published on 2008-07-15

Europe's Expansion Accelerates Less Than Estimated
Europe's economy expanded less than previously estimated in the first three months of 2008, while trade figures from Germany and France signaled that the slowdown deepened in the second quarter.
Published on 2008-07-09

Europe's Growth Accelerates More Than Estimated
European economic growth accelerated more than initially estimated in the first quarter as investment and construction spending in Germany helped the euro region weather record oil prices, the euro's gains and market turmoil.
Published on 2008-06-03

European Expansion Beats Forecasts
European economic growth accelerated more in the first quarter than economists estimated as the strongest German expansion in 12 years powered the euro region through the global slowdown.
Published on 2008-05-15

Will Europe follow United States?
The Euro Area economy is likely to continue to slow down in the next two years due to the turmoil in world financial markets. But, will this drop in economic growth be significant and to which degree will it follow the U.S.?
Published on 2008-04-29

European Economic Expansion Cooled in Q4
European economic growth cooled in the last three months of 2007, as tighter credit conditions and the euro's gains began to weigh on the region's expansion.
Published on 2008-04-09

Euro Zone Slowdown Gathers Pace
Euro zone economies are slowing, and at very different speeds, but inflation remains consistently high, according to data that makes the European Central Bank's job of setting interest rates even tougher.
Published on 2008-04-03

Eurozone Growth Outlook Darkens
Sharp declines in economic confidence in Spain and Italy have darkened the growth outlook for the 15-country eurozone but some relief may be in sight on the inflation front, according to latest economic data.
Published on 2008-02-29

Eurozone Growth Rebounds in February
The eurozone economy is refusing to crumble and activity even rebounded this month, according to a closely-watched survey.
Published on 2008-02-22

Eurozone Growth Stronger than Expected
Eurozone economic growth halved in the final months of last year but still outpaced the US and pointed to a gradual, rather than dramatic, slowdown under way.
Published on 2008-02-14

Will European Union follow United States?
Until very recently, several economic indicators, from GDP growth to business sentiment, have been supporting more economic growth in the Euro Area. Yet, some signs of slowdown started to appear on the beginning of 2008 and the region may follow the U.S. and start suffering from the subprime mortgage crunch.
Published on 2008-02-05