Displaying items by tag: eurozone
Eurozone: Inflation jumps to 7.5% in March - Greece to 8%
Eurozone inflation jumped to 7.5% in March, from 5.9% in February, according to Eurostat estimates.
Energy is expected to have the highest annual rate in March (44.7%, compared to 32.0% in February), as shown in the chart above, followed by food, alcohol and tobacco (5.0%, versus 4.2%), non-energy industrial goods (3.4%, versus 3.1%) and services (2.7%, compared to 2.5%).
Inflation in Greece is estimated at 8%, with Lithuania emerging as the "champion" country in the EU with 15.6%, followed by Estonia (14.8%, the Netherlands (11.9%) and Latvia (11, 2%).
Eurostat calculates inflation on the basis of the harmonized index of consumer prices, with the same weightings of products and services for all Eurozone countries.
ECB warns eurozone may need 1.5 trillion euros to tackle covid-19 economic crisis
The European Central Bank (ECB) has warned eurozone finance ministers that the eurozone may need 1.5 trillion euros to deal with the economic crisis caused by the Covid-19 epidemic, European officials told Reuters.
ING study: Greece among Eurozone economies vulnerable to covid-19 shock
Despite being relatively contained, the spread of Covid-19 is expected to have a significant impact on growth in Greece, with recovery after the crisis subsides to be slower, according to a study released this week by banking and financial services group ING.