// IP Marketing video - START// IP Marketing video - END

Eurozone inflation fall to 0.7% in February

Eurozone inflation fall to 0.7% in February

PanARMENIAN.Net - Inflation in the euro area fell to 0.7% in February, down from 0.8% in January, revised figures have shown, according to BBC News.

The Eurostat estimate puts the inflation rate well below the European Central Bank target of just below 2%. The lower rate may reinforce concerns that the 18-nation eurozone risks a damaging period of deflation.

However, the European Central Bank (ECB) is confident that eurozone economies are recovering from recession.

Euro-area inflation started to fall from 3% at the end of 2011 and passed below the 2% mark at the beginning of 2013.

Deflation, or falling prices, can encourage businesses and consumers to delay spending and wait for possible bargains, inhibiting economic growth.

The ECB expects inflation to gradually increase to 1% in 2014, before reaching its target 2% in 2016.

Earlier this month, the ECB forecasted a gradual increase in economic growth in the eurozone to 1.8% in 2016.

Related links:
 Top stories
As the National Statistical Service reports, imports to Armenia totaled $803.7 million, registering a 17.9% increase year-on-yea
75.8 million kWh of Armenian electricity have been shipped to the Georgian market in the first quarter of 2017.
The government has made a decision to allocate to Sastex the building of the former regional hospital and the adjacent areas.
He said that his government would also focus on fighting corruption and "eliminating all barriers that impede business from developing".
Partner news