ECB’s Centeno ‘very concerned’ about Europe’s struggling economy

Europe's struggling economy has economists worried — and senior European Central Bank policymaker Mário Centeno, echoes that view."I am very concerned about the European economy," Centeno, who is also governor of the Bank of Portugal, told CNBC's "Squawk Box Europe" on Friday.On Thursday, the ECB revised its gross domestic...

Read more...

Germany’s fiscal U-turn could be a ‘game changer’ for the country’s sluggish economy, analysts say

Markus Söder (l-r), Chairman of the CSU and Minister President of Bavaria, Friedrich Merz, candidate for Chancellor of the CDU/CSU, Chairman of the CDU/CSU parliamentary group and Federal Chairman of the CDU, Lars Klingbeil, Chairman of the SPD parliamentary group and Federal Chairman of the SPD, and Saskia Esken,...

Read more...

German inflation, February 2025

People shop and walk in the shopping streets in the city center of Munich, Bavaria, Upper Bavaria, Germany, on February 20, 2025.Michael Nguyen| Nurphoto | Getty ImagesGerman annual inflation came in at an unchanged but higher-than-expected 2.8% in February, provisional data from statistics agency Destatis showed Friday.The print is...

Read more...

Germany’s election will usher in new leadership — but might not change its economy

Production at the VW plant in Emden.Sina Schuldt | Picture Alliance | Getty ImagesThe struggling German economy has been a major talking point among critics of Chancellor Olaf Scholz' government during the latest election campaign — but analysts warn a new leadership might not turn these tides.As voters prepare...

Read more...

Euro zone inflation, January 2025

A person buys products at a Mercadona store in Lisbon, Portugal, on January 25, 2025.Luis Boza | Nurphoto | Getty ImagesThe euro zone inflation accelerated to a hotter-than-expected 2.5% in January on an annual basis, flash data from statistics agency Eurostat showed Monday.Economists polled by Reuters had expected the...

Read more...

German inflation, January 2025

Customers waiting at the checkout in a supermarket.Markus Scholz | Picture Alliance | Getty ImagesGerman inflation was unchanged year-on-year at 2.8% in January, preliminary data from the country's statistics office Destatis showed Friday in the last reading before Germans head to the polls next month.The reading was also in...

Read more...