The increase in China’s exports to Europe from 2015 through 2022 has erased 240,000 jobs in the Eurozone, the European Central Bank said, and warned that more jobs are at risk now that Chinese goods that would have been sent to the U.S. before the tariff war are now destined for Europe.
Tag: Eurozone
U.S. TRADE AND ECONOMIC POLICIES PUSHED EURO UP…AND DOWN
Last week it was reported that the dramatic shift in U.S. trade and economic policies, and their erratic implementation, have shaken investors’ confidence in the U.S. dollar as a safe store of wealth, The New York Times reported.
ECB IS ENDING ITS CYCLE OF INTEREST RATE CUTS
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.
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.
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.
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.
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.
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).
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.
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.