Based on the international media reports, surveys indicate that both manufacturing and services activities in the private sector of the Eurozone significantly decreased in November.

Euronews reports that unexpected decline in economic activity in the Eurozone during November has led to a drop in the value of the Euro, reaching its lowest level in two years.

In the first quarter of 2024, seasonally adjusted gross domestic product in both the euro area and the EU increased by 0.3 percent compared to the previous quarter, the European Union's statistics office reported.

Martins Kazaks, a member of the Council of the European Central Bank, has announced that the rate of interest rate reduction by the European Central Bank should be consistent with the gradual reduction of inflation in the Eurozone.

According to the statistics published by Eurostat and the European Union Statistical Office, the GDP of the Eurozone and the European Union increased by more than 0.3% in the first three months of 2024.