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Eurozone bank lending and money supply registered slower growth in June, reflecting the pass through effect of the rising interest rates, data released by the European Central Bank revealed on Wednesday.
Bank lending to households and businesses in the eurozone continued on a downward trend in June, indicating the transmission of higher interest rates isn’t…
The European economy has edged closer to recession, while the UK is on the brink of slipping into negative growth.
Signaling the risk of a recession, the euro area private sector activity declined at the fastest pace in eight months in July as the downturn gathered pace at the start of the third quarter.
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Influential poll of purchasing managers points to sharp decline in activity in the region’s manufacturing sector