Eurozone

Eurozone inflation rises to 3.2% in May as ECB prepares to raise rates

Middle East energy shock pushes price growth to highest level in nearly 3 years

ECB rate hike in focus as Eurozone's 'Big Four' report stubbornly high inflation

Eurozone economy shrinks by 0.2% in the first quarter of 2026

The 21-member euro area has entered negative territory for the first time in over a year, with a dramatic Irish contraction masking more nuanced performances across the bloc's major economies.

‘Staggering’ Irish slump pushes Eurozone economy into reverse

Economists say Ireland’s GDP ‘impossible’ to predict because of cross-border flows from multinationals

Inflation hits 3.2%, highest since 2023: Are ECB rate hikes inevitable?

Eurozone inflation rose to 3.2% in May, the highest since 2023, driven by energy and services. Markets now see an ECB rate hike next week as done deal. Price pressures across the euro area accelerated again in May, as the disruptions from the Strait of Hormuz blockade continued to ripple through energy markets, pushing inflation to its highest level in almost three years and cementing expectations of an imminent European Central Bank rate hike.

Inflation beating pay rises in Europe: Where are workers losing the most?

As inflation surges across Europe following the recent Middle East conflict, advertised pay growth in the eurozone is failing to keep up, causing workers' real earnings and purchasing power to fall.

EU should not miss an opportunity on Ukraine diplomacy: Bulgarian FM Velislava Petrova

EU should not miss an opportunity on Ukraine diplomacy: Bulgarian FM Velislava Petrova To display this content from YouTube, you must enable advertisement tracking and audience measurement. One of your browser extensions seems to be blocking the video player from loading. To watch this content, you may need to disable it on this site.

Why your grocery bill is still eye-watering — even though inflation is 'under control'?

Food inflation has fallen sharply from its 2023 peak — but European grocery prices are nearly a third higher than before the pandemic, and the reasons they stay high are structural. Inflation is down, the European Central Bank is (largely) satisfied and the knock-on effects of the Iran war are mostly being kept under control for now. So why does a trip to the supermarket still feel like a small act of financial self-harm?

Property and the budget ease pressure on the RBA

analysis Property and the budget ease pressure on the RBA as two banks cut fixed rates Tue 9 Jun 2026 at 4:50am The older you get, the more frenetic the pace of life seems to become. No matter where you look, social, political and economic change appears to be in overdrive, and the long periods of stability we once enjoyed are becoming increasingly short-lived. Just look at the Reserve Bank.

OECD cuts 2026 global growth forecast and warns of recession risk if Iran war persists

The war in the Middle East has dented economic growth prospects worldwide, with a more severe shock likely if no effective ceasefire is agreed before 2027, the OECD warned Wednesday. The OECD has downgraded its global growth outlook, warning that rising energy prices, geopolitical tensions and persistent inflation are weighing on the world economy and could push several countries into recession if disruptions continue. In its quarterly update, the organisation, which represents 38...