Flagging eurozone recovery turns up heat on ECB to act | Bangkok Post: news

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Flagging eurozone recovery turns up heat on ECB to act

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Eurozone growth disappointed in the first quarter, despite a strong showing by economic powerhouse Germany, data showed on Thursday, turning up the heat for another cut in European interest rates. 

A man works at the blast furnace of the ArcelorMittal steel plant of Grande-Synthe, northern France, on April 22, 2013

The German economy, the region's biggest, sprinted ahead in the first quarter of 2014, with growth doubling to 0.8 percent, the strongest quarterly growth for three years and ahead of analysts' expectations.

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