Eurozone Inflation Slows In March

March 31, 2017 by

Inflation in the eurozone slowed dramatically in March, according to official estimates. Eurostat said its initial estimate found inflation slowed to 1.5%, from 2.0% in February. The European Central Bank targets inflation of close to, but below, 2%. With inflation running close to that target, ECB chief Mario Draghi has been under pressure to wind-down … Read more

US Economic Growth Revised Even Higher

December 22, 2016 by

The US economy grew even faster than thought in the July-to-September period, latest official figures indicate. The world’s largest economy grew at an annualised rate of 3.5% in the quarter, up from an earlier estimate of 3.2%, the Commerce Department said. It was the second time that the figure had been revised upwards, from an … Read more