Arab Today, arab today eurozone exits deflation unemployment stable
Last Updated : GMT 20:57:26
Arab Today, arab today
Arab Today, arab today

Eurozone exits deflation, unemployment stable

Arab Today, arab today

Arab Today, arab today Eurozone exits deflation, unemployment stable

Inflation in Eurozone
Brussels - AFP

The eurozone exited four months of deflation in April, official data showed on Thursday, reversing a dangerous bout of declining prices and reviving hopes of economic recovery in Europe.

Inflation in the 19-nation single currency bloc hit zero percent in April, after a drop of 0.1 percent in March, with low energy costs still impacting the cost of living, the EU statistics agency Eurostat said.

The news will be welcomed at the European Central Bank, which in March launched a historic round of monetary stimulus to fight falling prices in the eurozone.

Economists fear deflation almost as much as rampant inflation because shoppers tend to put off purchases in the belief they may be cheaper in the future. This leads to a spiral of ever weaker demand, slowing the economy and pushing up unemployment.

Unemployment remained stable at 11.3 percent in March compared to February, Eurostat said, which was down from 11.7 percent a year before.

As usual, the level of joblessness varied widely across the across the eurozone.

Unemployment in powerhouse Germany was unchanged at 4.7 percent, the lowest rate in the currency bloc.

The highest rate was in debt-stricken Greece, at 25.7 percent in January, the latest data available, which was slightly lower than 25.9 percent a month earlier.

Youth unemployment in Greece and Spain stood at a huge but lower 50.1 percent in both countries.

Worryingly, Italy, the eurozone's third biggest economy, saw joblessness continue to rise to 13 percent, up from 12.7 percent in February.

EU-wide, unemployment in the 28 member states was also unchanged at 9.8 percent.

A week ahead of a general election, Britain was at a low 5.5 percent in January, a huge drop from 6.9 percent a year before in what could only be good news for incumbent Prime Minister David Cameron.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eurozone exits deflation unemployment stable Arab Today, arab today eurozone exits deflation unemployment stable

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eurozone exits deflation unemployment stable Arab Today, arab today eurozone exits deflation unemployment stable

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday