The Latest Breaking News from eurozone

Fund cuts forecasts as US, China and eurozone stall and inflation beats expectations

Italy’s President Sergio Mattarella on Thursday refused to accept Prime Minister Mario Draghi’s resignation, in a political crisis experts warned could send the eurozone’s third largest economy to snap elections.

Base rate to rise by 0.25% and quantitative easing to stop in July after ECB warns about inflation

Inflation is at its highest level in decades in many parts of the world. In the US, consumer prices were 8.3 percent higher in April than a year earlier. In the eurozone, they rose by around 7.5 percent. Energy prices have been driving the surge, with Russia's war in Ukraine…

Until a few years ago, major economies were struggling to achieve even mild inflation, with policymakers in the United States, United Kingdom and eurozone struggling to meet their targets of 2% annual price growth. But with the arrival and persistence of Covid-19, the world changed dramatically. Two years later, everyone…

The double blow of pandemic and war has caused inflation to surge and growth to slow around the world. But experts do not expect a return to the 1970s

France’s economy stalls and Italy’s shrinks but Germany rebounds from contraction

Central banks talk tough about tackling inflation, but raising borrowing costs now risks plunging us into recession this year

Rolling coverage of the latest economic and financial news

ECB raises inflation forecasts, cuts growth outlook amid Ukraine conflict, as stock markets slide and Chelsea FC owner is sanctioned by Britain

US and European shares push higher, while rouble drops 8% and Moscow stock exchange stays shut for third day, as Russia bombards Ukrainian cities