Tag: Europe economy

Europe’s banks suffer worst day in 9 months after sharp sell-off in U.S. banks

Europe’s banks suffer worst day in 9 months after sharp sell-off in U.S. banks

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SVB (Silicon Valley Bank), JP Morgan, Bank of America, Citibank and Wells Fargo logos are seen through broken glass in this illustration taken March 10, 2023. | Photo Credit: Reuters European bank shares tumbled on March 10 in the wake of a dramatic sell-off in U.S. lenders as concern spread that the sector will be […]

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Europe to be hit hardest in global slowdown, says OECD

Europe to be hit hardest in global slowdown, says OECD

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Image for representation purpose only. | Photo Credit: AP The global economy should avoid a recession next year but the worst energy crisis since the 1970s will trigger a sharp slowdown, with Europe hit hardest, the OECD said, adding that fighting inflation should be policymakers’ top priority. National outlooks vary widely, although Britain’s economy is […]

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Europe heading for recession as cost-of-living crisis deepens

Europe heading for recession as cost-of-living crisis deepens

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European Central Bank faces the prospect of raising interest rates aggressively just as the economy enters a downturn European Central Bank faces the prospect of raising interest rates aggressively just as the economy enters a downturn The eurozone is almost certainly entering a recession, with surveys on Monday showing a deepening cost-of-living crisis and a […]

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