According to the European Commission, the economy of the Eurozone economy will grow more slowly than expected this year and next year. In its interim forecasts for GDP and inflation for the five largest euro area economies, the European Commission notes that euro area GDP will grow by 0.8% in 2023 and by 1.3% in…
Europe Cars for Sale increased all over the European Union by 15.2% in July compared to the same month last year. Sales growth has been going on for 12 months now. This is stated in the report of the European Automobile Manufacturers Association (ACEA). The number of new passenger cars registered in EU countries (excluding…
Digital nomads are guided by the following criteria when choosing a country to live in. These are the cost of living, comfortable climate, presence of digital visa, and good internet. 4 islands in Europe fit all criteria perfectly. The Future of Remote Work in Europe: No doubt, millions of people are doing remote work, including…
Italy will levy a tax on banks with up to value in the coming months. In Italy, banks will be taxed at 40% already this year, in case of high profits. Deputy Prime Minister and Infrastructure Minister Matteo Salvini said he would use the funds to help mortgagees and reduce taxes. This regulation, which according…
Larry Fink, CEO of the BlackRock investment company, said in comparison with BTC vs USD that Bitcoin could become one of the leading assets in the global financial sector in the future, Fink announced on CNBC. The Future Prediction for BTC vs USD: According to the CEO of BlackRock, BTC can even surpass the US…
Beyonce Effect has been affected due to Inflation in Sweden, which rose to 9.7% in May, marking the first time in six months that the indicator fell below the double-digit threshold. However, it still surpassed the expectations of experts, causing concerns within the economic landscape. Danske Bank economists have identified an unexpected factor influencing inflation:…
The EU and the US are reportedly strengthening their partnership to mitigate the potential risks associated with investing in China especially sensitive technologies. This collaborative effort comes in response to growing concerns over China’s economic practices and the need to adapt to an evolving geopolitical landscape. As the EU prepares to present its economic security…
According to the latest Regional Economic Prospects of the European Bank for Reconstruction and Development (EBRD), early estimates of quarterly gross domestic product (GDP) growth in 2022 are preliminary and may be revised. “Inflation may be on the decline, but it remains in double digits in more than three-quarters of the countries where we operate….
The International Monetary Fund (IMF) has released its latest forecast for the global economy, indicating a slightly lower economic growth outlook for the Eurozone in 2023. According to the IMF’s April estimate, the projected economic growth rate for the Eurozone stands at 0.8%, while the expected level of inflation is 5.3%. The IMF’s global economic…
The European Central Bank (ECB) has announced a further tightening of monetary policy in response to rising inflation. In a statement released today, the ECB cited the need to overcome increased inflation as the primary reason for the decision. As part of the policy shift, the European Central Bank committee has increased the refinancing rate…
