The EU Has More Jobs Than Ever, But Where’s the Growth?
The 28-member bloc posted a 6.3 percent jobless rate last month — the lowest since unemployment was first recorded in 2000 — while the 19 nations using the euro currency hit an 11-year low of 7.5 percent. But that doesn’t mean Europe’s in the clear: The economic slowdown in Germany and Italy appears to have spread, pushing the bloc’s quarterly growth to 0.2 percent.
What’s next for Europe’s economy? Analysts say such sluggishness could prompt the European Central Bank to lower interest rates and introduce other stimulus measures.
Read OZY’s Newsmaker profile of the first woman to lead the European Union.