Belfast Telegraph

Eurozone in trouble, says agency S&P

Economic confidence across the eurozone has dropped to the lowest level in more than a year, even ahead of last week's deadly bombings in Brussels.

It came as rating agency Standard & Poors (S&P) warned that Europe's key economy is "flying on one engine" - in this case recovering consumer demand.

The European Commission's own economic sentiment monitor, based on a combined measure of executive and consumer confidence, slumped for a third month in March to the weakest level since February 2015.

"A nosedive in financial conditions at the start of the year has taken some wind out of the eurozone economy," S&P said.

Belfast Telegraph