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This is certainly negative for growth and inflation ... 65% higher than expected in 2019. In Europe, the mood is decidedly gloomier. Its economic engine, Germany, remains at a standstill.

Europe’s economic woes show no sign of abating. Quarterly GDP growth in the single currency area fell sharply from 0.4 percent to zero percent in the final three months of 2024, Eurostat said.

Europe's economy stagnated at the end of last year as its former growth engine, Germany, finished a second straight year of shrinking output, officials said Thursday. Gross domestic product was flat ...

The cut comes a day after the U.S. Federal Reserve held off on reducing rates, underlining the contrast between more robust growth in the U.S. economy and stagnation in Europe, which recorded zero ...

FRANKFURT, Germany (AP) — Europe’s economy stagnated at the end of last year as its former growth engine, Germany, finished a second straight year of shrinking output, officials said Thursday.