The German economy lost momentum in 2022 as the country faced multidecade high inflation rates as energy prices soared, posing challenges for its key industrial sector. The eurozone’s largest economy Read more
Tag: slowed
Eurozone Inflation Sharply Slowed in December as Energy Prices Dropped
By Xavier Fontdegloria Eurozone inflation eased by more than expected in December, reaching a four-month low, driven by moderating energy prices and action from governments to cushion households from rising Read more
Eurozone Inflation Eased in November as Energy Price Rises Slowed
By Maria Martinez Inflation in the eurozone eased in November, due to a deceleration in energy price rises. The consumer price index–a measure of what consumers pay for goods and Read more
The rise in food prices slowed in October, but some items increased by up to 43%. So what’s going on?
The months-long rise in food prices has finally shown signs of cooling. Inflation hit 7.7% in October compared to a year ago, down from 8.2% in September, the government said Read more
U.S. job creation slowed to 261,000 last month — but it’s still too strong for the Fed
The numbers: The economy gained a surprisingly strong 261,000 new jobs in October, underscoring the persistent strength of a labor market that the Federal Reserve worries will exacerbate high inflation. Read more
Germany trade surplus narrowed sharply in August as export growth slowed
Germany’s trade surplus narrowed more than expected in August as exports rose at a slower pace than imports. The country’s balance of exports and imports of goods–was 1.2 billion euros Read more
China’s economic growth slowed to just 0.4% in second quarter
China’s economy grew 0.4% from a year earlier in the second quarter, reflecting the toll Beijing’s stringent COVID-19 lockdowns have taken on economic activity. The result undershot the 0.9% expansion Read more