Skip to Content

Eurogroup seeks path between high inflation, slower growth

KIFI

BRUSSELS (AP) — Eurogroup finance chiefs are engaged in a high-wire political balancing act prompted by conflicting economic forces: a weaker growth outlook and stronger inflation. Finance ministers from the 19 nations that use the shared euro currency are pledging continued budgetary stimulus for the economy amid headwinds caused by the omicron variant. At the same time, they are seeking to reassure voters by pledging vigilance over sharp price rises. The 19-nation euro zone faces a slowdown in economic growth this year after a solid recovery in 2021 from a severe coronavirus-induced recession two years ago.   

Article Topic Follows: AP National Business

Jump to comments ↓

Author Profile Photo

Associated Press

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content