// 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
"7.5 million liters of wine were produced in the country in 2016, which is by 14% more than the amount produced a year earlier," Karapetyan said.
"There is ample proof that Monsanto's sprays have poisoned our environment contributing drastically to dying off of bees," Tankian said.
Armenia ranks 47 on the ease of doing business index against the 38 spot last year, the World Bank Group’s annual Doing Business report said.
Mountea, an Armenian company producing tea from the mountain herbs has begun to export its products to Russia.
Partner news