Eurozone Unexpectedly Stalls

Q2 figures show that German GDP has contracted whilst France has remained flat. Technically, Italy has also technically fell back into recession showing the fragility of the recovery across the European nations.

These results are a warning ahead of the next quarter which will feel the impacts of the sanctions imposed against Russia.

Eurostat data confirmed that Eurozone inflation in July fell to its lowest level since nearly five years ago, keeping the ECB vigilant about the risks of deflation.