Peak Growth - Eurozone @ 0.0%
Posted: 14 Aug 2014, 16:12
http://www.bbc.co.uk/news/business-28783850
It would seem that the race to the bottom has finally begun. Vorsprung doh!
Stagnation in eurozone growth has put pressure on the European Central Bank (ECB) to take measures to stimulate the European economy, analysts say.
Growth in the eurozone flatlined in the second quarter, and inflation also dropped, according to official figures.
The eurozone saw 0.0% growth compared with the first quarter, according to Eurostat figures.
Economists said that the figures would add to calls for the ECB to take action to boost growth and avoid deflation.
"Disappointing euro area growth and intensifying disinflation pressures increase the pressure on the ECB for further action in coming months," said Nick Stamenkovic, a strategist at RIA Capital Markets in Edinburgh.
"If the economy disappoints in the second half then the pressure on the ECB to start money-printing in early 2015 will intensify."
It would seem that the race to the bottom has finally begun. Vorsprung doh!