The European Central Bank (ECB) cut its key interest rate by another quarter point last week, dropping it to a flat 2 percent to buffer the Eurozone’s economy against the potential impacts of Donald Trump’s trade war.
Tag: Eurozone
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EUROZONE ECONOMY GROWS FASTEST IN SEVEN MONTHS
In March, the economy of the 20-country Eurozone grew at its fastest since last September, according to the Hamburg Commerce Bank’s preliminary purchasing managers index (PMI) for the month.
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ECB CUTS INTEREST RATE AGAIN
On 30 January, the European Central Bank (ECB) cut interest rates on Thursday for the fifth time since June, dropping its rate on deposits to 2.75 percent and its marginal lending rate to 3.15 percent.
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PESSIMISM RUNS HIGH IN EUROPE AS U.S. ECONOMY CONTINUES TO THRIVE
As Europe’s economy continues to struggle, Donald Trump’s arrival in the Oval Office has unleashed a new burst of enthusiasm in the already-thriving U.S. economy.
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IMF BOOSTS U.S. GROWTH FORECAST FOR 2025
The U.S. economy will expand by 2.7 percent this year, the International Monetary Fund (IMF) has projected, increasing its forecast from the 2.2 percent it foresaw last October.
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EUROZONE BUSINESS ACTIVITY FALLS SHARPLY IN NOVEMBER
Last month, business activity shrank in the Eurozone’s formerly robust services sector, contracting along with manufacturing, according to the Hamburg Commercial Bank’s composite purchasing manufacturers index (PMI).
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EUROZONE INFLATION TICKS UP AS PRESSURES REMAIN
Inflation across the 20-country Eurozone rose from 2.0 percent in October to 2.3 percent in November, a change that economists had expected as winter weather and the holiday shopping season boosted demand and prices for related goods.
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SPOTLIGHT: THE EUROZONE’S ECONOMIC MESS
The Eurozone’s economic activity unexpectedly contracted this month, according to the Hamburg Commerce Bank’s composite purchasing managers index.
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EUROPE WILL GROW MORE SLOWLY THAN PREVIOUSLY THOUGHT, EC SAYS
The Eurozone’s economy will expand less in 2025 than previously thought, the European Commission (EC) said last week as it trimmed its next year’s growth forecast to 1.3 percent, down from 1.4 percent foreseen in May.
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FOOD PRICES REACH 18-MONTH HIGH
The prices consumers pay for cheese, sugar, wheat, vegetable oils, and other staples has shot to their highest since April 2023, the United Nations Food and Agriculture Organization (FAO) reported.
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