FILE - The European Central Bank is reflected in the river Main in Frankfurt, Germany, March 21, 2024. FRANKFURT, Germany — Europe’s economy perked up slightly at the start of the year, recording 0.3% growth in the January-March quarter compared to the last three months of 2023 as the inflation burden on consumers eased and the stagnating German economy, the continent’s biggest, started to show modest signs of life.
The economy had been held back by high inflation that has sapped consumer purchasing power, and by an energy price spike related to Russia cutting off most supplies of natural gas. Inflation is now not that far from the goal of 2% set by the European Central Bank, leading to speculation that the central bank for the eurozone may cut its benchmark rate in June from its current record high of 4%.Serbia’s new government to include US-sanctioned ex-intelligence chief with close ties to Russia
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