Economic Prospects Dim For Eurozone As Labor Market Weakens
Allwork
OCTOBER 4, 2024
The European labor market is starting to cool, which is worrying as it could lead to below-par investment and growth, European Central Bank policymaker Mario Centeno said on Friday. Inflation in the euro zone was under control, he also said. Markets are betting that the ECB will have to speed up interest rate cuts with its next move seen on Oct. 17 because inflation dipped under 2% last month while the 20-nation currency bloc is skirting a recession.
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