Economics
Euro-Area Economy on Weak Footing Faces 2019 Uncertainties
- Inflation slowed in December just as ECB trims stimulus
- Composite PMI declined to lowest level in four years
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The euro-area economy is on a weak footing as it faces perilous uncertainties in 2019, from home-grown political difficulties to global stock-market turmoil and trade wars.
The first significant batch of data released at the start of the year showed inflation was lower than expected in December and confirmed earlier reports that growth in manufacturing and services eased to the weakest since 2014.