The partial reopening of economies has failed to boost the jobs market in Europe, with the seasonally adjusted July unemployment in both the euro area and the EU as a whole climbing to 7.9 percent and 7.2 percent respectively. According to Eurostat data released on Tuesday, nearly 15.2 million people – of whom around 12.8 […]
Tag Archives: eurozone
31
Jul
Jul
Economists had forecast widely differing falls in GDP of between 8 percent and 18.5 percent. The fall comes after a 3.8 percent fall in output from January to March as the impact of coronavirus began to be felt across Europe, Independent reported. France and Spain both reported precipitous and worsening contractions on Friday for their […]
31
Jul
Jul
The seasonally adjusted unemployment rate for the euro area inched higher in June, reaching 7.8 percent, as Covid-19 containment measures started being phased out in most EU member states. That’s worse than the 7.7 percent rate which had been expected by EU statistical office Eurostat. According to its data, the unemployment rate across the European […]
09
Mar
Mar
Interest rates in the eurozone will not rise until next year at the earliest, the European Central Bank has signalled amid evidence of a slowdown in the 19 countries using the single currency.