The European Commission substantially reduced its eurozone growth forecast for 2022.

Cost of living in the 19-country Eurozone hits an all time high as inflation rises to 5.1%. EU lawmakers demand emergency measures to prevent even more citizens from falling into poverty.

EU officials claim those refusing to be vaccinated against COVID-19 are contributing to economic uncertainty across the 27-country bloc.

Rising inflation across the eurozone will take centre stage as European Central Bank governors meet on Thursday to debate the future of the bank's monetary policy.

Official data shows the annual inflation of 19-member eurozone has jumped to a 10-year high of three percent.

The economy of the eurozone is likely to shrink by 7.3 percent throughout 2020 because of the COVID-19 pandemic.

Across most of Europe, the weather has turned colder and wetter. Concern is growing that the coronavirus will thrive this winter, leading to nationwide lockdowns and even greater financial misery.

The euro zone economy is likely to shrink between 8% and 12% this year as it struggles to overcome the impact of the coronavirus pandemic.

The severe impact of the coronavirus on the euro zone economy abated a little this month as some lockdown measures were eased, a survey showed.

Eurozone finance ministers sign off on a 240-billion-euro rescue package to help member states recover from the coronavirus pandemic.