By Maria Martinez The European Commission has raised its inflation forecasts for the eurozone considerably and has slashed its 2023 growth forecast for the bloc as Russia’s war against Ukraine Read more
Tag: Eurozone
Croatia to Join Eurozone in 2023
Croatia will join the euro area, replacing the kuna as its currency at the start of next year, the European Central Bank said Tuesday. EU finance ministers approved the move Read more
Eurozone inflation rose to record high of 8.6% in June
By Maria Martinez The eurozone’s annual rate of inflation accelerated again in June, reaching its highest level in history. Consumer prices rose 8.6% on year in June after climbing 8.1% Read more