DThe EU Commission has a similarly pessimistic view of the German economy as the Federal Minister of Economics. In its winter forecast published on Thursday, the Brussels authority still expects real gross domestic product (GDP) to grow by 0.3 percent this year, i.e. practically stagnation. This means that it is correcting its forecast from November … Read more
2023-11-15 13:10:38 According to forecasts from the European Commission, presented on Wednesday, growth should reach 0.6% this year, a decrease compared to the estimates presented this summer. ADVERTISEMENT At the end of this difficult year, the European economy is losing momentum. In its autumn economic forecasts, presented on Wednesday, the European Commission revises its outlook … Read more
2023-09-11 09:29:53 The European Commission is revising its economic forecasts downwards. She warns that continued high prices for goods and services are “taking a greater toll than expected.” The economy of the European Union “continues to grow, although with reduced dynamics“, warns the European Commission in its forecasts published Monday morning. ADVERTISEMENT The European Union … Read more
2023-08-16 09:29:16 By euronews with EFE Published on 08/16/2023 – 11:28•Updated 11:45 According to Eurostat, economic activity in the euro zone increased by 0.3% during the second quarter of the year. Economic activity in the Eurozone increased by 0.3% during the second quarter of the year, while GDP for the European Union as a whole … Read more
The inflation rate for the single currency fell in March to 6,9% over a year, according to estimates published Friday by Eurostat. The drop is significant after the 8.5% recorded in February. Energy, one of the main drivers of soaring prices, is stabilizing for the first time in several months. The increase over one year … Read more
The European stock markets have digested the agreement on the Swiss banks positively. After erasing their initial losses, European banking stocks turned positive again. European policymakers also hailed the emergency takeover of troubled banking giant Credit Suisse by its Swiss counterpart UBS as a decisive step to support the financial system and reassure markets. During … Read more
European Central Bank (ECB) headquarters in Frankfurt am Main, Germany. (Photo: AFP/VNA) vice president European Central Bank (ECB) Luis de Guindos on February 9 warned labor unions to avoid making excessive wage demands, as this could increase inflation. According to Mr. De Guindos, the reason why workers claim salary increase This is due to the … Read more
100 euro denomination coin in Rome, Italy. (Photo: AFP/VNA) February 2nd, European Central Bank (ECB) decided to raise the basic interest rate in the euro area (Eurozone) add 0.5%. This is the bank’s fifth consecutive interest rate hike. After the above decision, the three main interest rates of the ECB, the refinancing rate, the lending … Read more