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.
Tag: Eurozone
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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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EUROZONE INFLATION RISES TO 2 PERCENT IN OCTOBER
After falling to 1.7 percent in September, inflation in the Eurozone bounced back to 2 percent last month, edging above analysts’ forecasts of a 1.9-percent pace.
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ECB CUTS KEY RATE ANOTHER QUARTER POINT
On 17 October, the European Central Bank (ECB) cut its key interest rate by a quarter point, the same as it did in June and September, bringing the rate to 3.25 percent.
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EUROPEAN HOME VALUES RISE IN SECOND QUARTER
Home prices in the Eurozone rose 1.3 percent in this year’s second quarter, year over year, after contracting for four successive quarters.
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GERMAN FACTORIES RECEIVED FEWER NEW ORDERS AGAIN IN AUGUST
Orders for Germany’s industrial goods dropped 5.8 percent in August from July, almost three times the 2-percent slip that economists in a Reuters survey had expected.
