Commentary Since the outbreak of the Russia-Ukraine war pushing up European inflation, there has been consensus that Europe will be economically worse than other continents. While everyone is saying Europe’s recession will be very severe, the U.S. on the other hand is confident that it will be able to avoid recession, and even if not,…
European Central Bank Pledges to End Bond Buying Soon
April 14, 2022
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Business & EconomyChristine LagardeECB - European Central Bankeconomic policieseconomyEuropeeuropean inflationinterest rate hikeWorld
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The European Central Bank (ECB) has pledged to end its bond-buying activities in a few months as the region battles high inflation rates. After looking at data since its previous meeting, the Governing Council, the main decision-making body of the ECB, judged in an April 14 meeting that net asset purchases under its asset purchase…
Eurozone Sees Strong Growth in March as Inflation Surges: S&P Global
The eurozone region maintained a “strong rate of growth” in March 2022, dropping only slightly from February’s five-month high despite a record surge in inflation, ratings agency S&P Global said in a recent report. The seasonally adjusted S&P Global Eurozone PMI Composite Output Index in March 2022 was recorded at 54.9, slightly lower than 55.5…
Inflation in the Eurozone Hits Record High as War in Ukraine Affects Energy Prices
March 2, 2022
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Business & EconomyBusinesses in COVID-19ECB - European Central Bankeconomic policiesEuropeeuropean inflationinflationMarketsRussia ukraine conflictRussia-Ukraine WarWorld
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Countries in the 19 nation Eurozone are facing skyrocketing inflation as the Russian invasion of Ukraine threatens to raise energy prices throughout Europe, according to numbers released on March 2. Consumer prices in the EU jumped 5.8 percent from a year ago in February, up from 5.1 percent the previous month, the fourth straight month…
European Inflation Spikes in January Amidst Soaring Energy Prices
The rate of inflation in the euro area* increased in January, driven by a surge in energy prices, with the ongoing Russia–Ukraine conflict threatening to drive it up even further. For the first month of 2022, the annual inflation rate was 5.1 percent, up from 5 percent in December, according to a Feb. 23 report…
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