Eurozone inflation ticks up to 2%
30 basis points higher than the 1.7% print recorded in September
30 basis points higher than the 1.7% print recorded in September
Alfred Kammer, director of the European department at the IMF, said a ‘moderate recovery’ was ongoing
GDP growth expected to rise from about 0.6% in 2024 to roughly 1.2% next year
European investors may have been oblivious to a resurgence in retail real estate, Hines reports
However there is great variation across the region
consumer confidence has begun to dip after rebounding from record lows during 2022
Further interest rate reductions in 2024 are expected to increase transactional activity
The number of unemployed people across the country also rose by 82,100 in July
Christian Mayes rounds up reaction to the eurozone cutting its lending rate 25bps to 3.75% on Thursday
‘Goldilocks’ scenario of ‘not too hot and not too cold’ may come to pass with falling inflation in UK, US and eurozone
The latest inflation numbers have prompted debate on the prospects of a June rate cut, reports Hannah Williford
The path towards a target of 2% is proving more turbulent than many investors had expected