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Reynolds - 2 “ - 1 Jack Allen - 1 Claus Vistesen - 1 ” - 1 ” Jack Allen - 1
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Search resuls for: "” Jack Allen"


2 mentions found


☆ Uptick in European inflation clouds outlook for interest rate cuts
  + stars: | 2024-05-31 | by ( Anna Cooban | ) edition.cnn.com   time to read: +2 min
London CNN —Inflation in Europe has ticked up for the first time in five months, casting doubt on the possibility of a steady stream of interest rate cuts by the European Central Bank over the next few months. The European Central Bank began hiking rates in July 2022 to curb runaway inflation sparked by the reopening of the world’s economies following the pandemic as well as Russia’s full-scale invasion of Ukraine. “May’s increases (in inflation) won’t stop the ECB from cutting interest rates next week. All 82 economists polled by Reuters ahead of Friday’s inflation data expected the ECB to cut rates by a quarter of a percentage point next week. Over two-thirds, 55 of 82, expected two more cuts this year, in September and December.
Persons: “, Jack Allen, Reynolds, Claus Vistesen, ” Organizations: London CNN, European Central Bank, Reuters, ECB, Capital Economics, Pantheon Locations: Europe, Ukraine
☆ Europe’s economy risks a recession after output falls in the third quarter
  + stars: | 2023-10-31 | by ( Hanna Ziady | ) edition.cnn.com   time to read: +1 min
London CNN —The euro area economy risks falling into recession later this year after official data Tuesday showed that output shrank in the third quarter. The dip follows a rise of only 0.2% in the April-to-June quarter and highlights the fine line between contraction and growth in the eurozone. GDP was stagnant in the final three months of 2022 and the first quarter of this year. The economy, he added, will “remain sluggish” whether or not the eurozone suffers a technical recession, defined as two consecutive quarters of falling GDP. In a more positive development, separate data showed that inflation continued to ease this month.
Persons: ” Jack Allen, Reynolds Organizations: London CNN, Gross, Eurostat, Capital Economics
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