Eurozone growth cools as ECB ends QE

Now that the European Central Bank is to stop buying government debt, and growth is slowing, concern over the sustainability of the single currency area is flaring up again.

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Beware putting your capital in "places where workers mostly drink red wine"
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Where Wall Street goes, global markets usually follow. As US stocks slipped to a one-year low early this week, Japan's Topix index fell to its lowest level in 18 months; the pan-European Stoxx 600 index has hit a two-year low. A speech by Chinese leader Xi Jinping marking 40 years of economic reforms in China was disappointingly light on future reforms. But the underlying problem "is the same thing that has been driving declines for the last few weeks", as JPMorgan Asset Management's David Kelly told the Financial Times: the prospects for the global economy now that the era of easy money is finally ending.

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Marina Gerner is an award-winning journalist and columnist who has written for the Financial Times, the Times Literary Supplement, the Economist, The Guardian and Standpoint magazine in the UK; the New York Observer in the US; and die Bild and Frankfurter Rundschau in Germany.

Marina is also an adjunct professor at the NYU Stern School of Business at their London campus, and has a PhD from the London School of Economics.

Her first book, The Vagina Business, deals with the potential of “femtech” to transform women’s lives, and will be published by Icon Books in September 2024.

Marina is trilingual and lives in London.