Oxford Economics

Annual inflation in the Eurozone fell to 8.5% in January, according to Eurostat's preliminary data. This is the third month in a row that inflation has slowed.

The data comes ahead of the European Central Bank's first key meeting of the year. Later in the day, the Federal Reserve in the United States is expected to announce another interest rate hike.

China's economic growth edged up to a still-weak 4.8 percent over a year earlier in the first three months of 2022 as industrial cities shut down to fight coronavirus outbreaks, threatening to disrupt global trade and manufacturing.

Foreign economists say Greece needs to use the cash it will get from the European Commission's Recovery Fund to strengthen the healthcare and education systems, implement investments and growth policies, cut taxes, support entrepreneurship and contain the rebound of unemployment.

Greece fell short of its budget targets last year, prompting new concerns about the cash-strapped nation?s ability to pay bills as government officials met with creditors in Athens Wednesday.