TOP News

Money: Economy in Eurozone grows less than expected

ECB survey: Consumers expect higher inflation

 ECB survey: Consumers expect higher inflation Consumers in the euro zone expect higher inflation and weaker economic development, according to a new survey by the European Central Bank (ECB). In June they expected an annual price increase rate of 5.0 percent in the view of twelve months, the ECB announced on Thursday in Frankfurt. This is a little more than in May. With a view to the next three years, the expectations of 2.5 percent increased to 2.8 percent in the previous month.

Economic growth in the euro zone accelerated less than expected in spring. In the second quarter, the gross domestic product (GDP) of the 19 countries grew by 0.6 percent for the previous quarter, as the Statistikamt Eurostat announced on Wednesday, according to a second estimate. In an initial estimate, growth was determined 0.7 percent. On average, economists had expected confirmation of the initial estimate. In the first quarter, growth was 0.5 percent.

Container im Hafen von Barcelona. Das Wirtschaft in der Eurozone ist zuletzt weniger stark gewachsen. © David Zorrakino/Europa Press/dpa container in the port of Barcelona. The economy in the euro zone has recently grown less.

The significant growth of the countries that have already published data, Spain. Here the economy grew to 1.1 percent. In Italy, GDP rose by 1.0 percent and 0.5 percent in France. The German economy stagnated.

Tuesday evening UK news briefing: Girl, 9, killed in gun chase through her home in Liverpool .
Britain's trees have turned a sea of orange and dropped their leaves as extreme temperatures and drought has caused - a 'false autumn'. Striking images across the country reveal golden-brown branches and dried-up leaves along footpaths much earlier than usual. The unexpected seasonal shift shows the effects of an exceptionally dry summer - also known as a ‘false autumn’. Experts say heatwaves and a drought have pushed Britain’s trees into 'survival mode'. In the events made more likely by climate change, some trees are abandoning their normal seasonal cycle and closing down early in an attempt to survive by saving water and energy. Leaves turning prematurely brown and being shed are signs that a tree is stressed and attempting to conserve water which would otherwise be lost in the normal process of photosynthesis. A leading local nature conservation charity say it is a problem which is especially apparent in young trees which lack the deep root systems that older trees use to reach water. Devon Wildlife Trust is now warning that this ‘false autumn’ may also be a sign of wider problems for wildlife when October and November arrive - as the usual bounty of wild foods may already be diminished, leaving a real risk of shortage for birds and other mammals. The charity has seen evidence of the ‘false autumn’ at many of the 60 nature reserves it manages across the county.

See also