Euro zone – Mouthpiece1

Euro zone economy shrinks at record rate, inflation slows sharply

By Ritu, Capital Sands The Euro zone economy contracted at a record rate and by more than expected in the first three months of the year and inflation slowed sharply as much economic activity in March came to a halt because of the COVID-19 pandemic, data showed on Thursday. According to a preliminary flash estimate …

Euro zone industry output dips in February on eve of virus measures

By Administrator_India Capital Sands Euro zone industrial production dipped slightly in February, the month before coronavirus restrictions were widely introduced in Europe, due to reverses in capital and consumer durable goods after a sharp overall rise in January. Output fell by 0.1% month-on-month in the 19 countries sharing the euro following a 2.3% increase in …