
ECB Cuts Again As Europe Faces Recession, Political Crises
"Unexpected."
That's how a handful of mainstream media outlets described news that the euro-zone economy failed to grow during the final three months of 2024.
No one was actually surprised, of course. All "unexpected" meant in this context was that the median economist in Bloomberg's survey hoped EU statisticians might find a way to extract a 0.1% expansion from the data.
Alas, the bloc's economy stagnated late last year following a run of decent growth outcomes, Eurostat said Thursday. They