Inflation is taking a bigger bite out of household budgets and as an investor who focuses on worst-case scenarios mutual fund manager Charles de Vaulx is worried.
LONDON (MarketWatch) -- Euro-zone gross domestic product expanded by a stronger-than-expected 0.8% in the first quarter of 2011 compared to the previous three months and grew by 2.5% compared to the same period last year. Economists had forecast quarterly growth of 0.6% and a 2.2% annual gain, but a stronger figure was anticipated following the release of robust national data, particularly from Germany and France, earlier Friday morning. The euro remained up 0.5% versus the U.S. dollar to trade at $1.4310.