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Eurozone 'persistent stagnation' risk

The eurozone may be stuck in an enduring period of no growth, the Organisation for Economic Co-operation and Development says.

More evidence of economic weakness in the eurozone comes from the latest retail sales figures and a survey of business growth.

The 18-country strong eurozone economy will grow by just 0.8% this year and is not improving fast enough, the European Commission says.

Manufacturing growth in the eurozone is slower than expected in October with price cutting failing to lift orders, according to a survey.

Inflation in the eurozone rose slightly in October, giving some hope that the spectre of deflation can be staved off.

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