Euro Zone's economic growth stalls in 2014 second quarter
Eurozone
City of Luxembourg - QNA
The euro zone economy's growth stalled during the second quarter of 2014, official data showed Thursday.
The market forecast the Euro zone's growth at 0.1%, however a report released today by Eurostat showed the GDP at 0%. Growth was at 0.2% when compared to the previous quarter. The GDP growth was at 0.7% compared to the same period of last year. That result was in-line with the market forecast.
The Eurostat released today a host of statistics, including Consumer Price Index (CPI). The report showed CPI at the forecast level of 0.4%. The European Central Bank has been taking steps in recent months to fend-off a risk of deflation.
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