Capital Economics

ECB set to hold rates as inflation drifts downwards

For the first time in over a year, European Central Bank (ECB) policymakers are expected to decide against raising interest rates again when they gather in Athens on Oct. 26.

Once red-hot, inflation, driven by Russia's invasion of Ukraine in early 2022, has started to ease, while the outlook for the economy has worsened.

Japanese growth smashes expectations

Quarterly growth data for Japan smashed expectations yesterday as car exports rebounded and tourists flooded back, but economists cautioned that it may not last.

The world's third-largest economy expanded 1.5 percent quarter-on-quarter in the three months to June, the fastest rate since the fourth quarter of 2020.

New upgrades for Greek growth

Foreign agencies and international banks have made a barrage of upward revisions for the growth rate of the Greek economy in order to better capture the stronger-than-expected start of the Greek economy this year, with the recovery rising in the second half, as a result of  domestic demand, the start of the Recovery Fund projects, as well as the increase of tourist receipts, while  increased sa

Europe's recovery strengthens, unemployment at 8-year low

Europe's economic recovery is strengthening with unemployment in the eurozone dropping in June to its lowest since February 2009, according to official figures released on July 31.

The jobless rate of 9.1 percent was better than predicted by analysts and will boost confidence that the 19-nation single currency area's pick-up is gathering steam after the financial crisis.