The International Monetary Fund (IMF) has warned of the threat of stagnation in the European economy due to trade conflicts and low domestic demand. The IMF’s April forecast for the eurozone economy provides for growth of only 0.8% this year, and the risks to this forecast are heavily skewed to the negative side, the fund…
The European Central Bank forecasts that consumer prices in the eurozone will increase by 2% in 2025 and by 1.6% in 2026. The forecast was published after a meeting at which the European Central Bank cut rates by 25 basis points. Three months ago, the regulator predicted inflation of 2.3% in 2025 and 1.9% in…
UBS analysts have cut their eurozone GDP growth forecast for 2025 and 2026 due to the impact of US tariffs on European goods. The bank’s new forecast sees the eurozone economy grow by 0.5% in 2025 and 0.8% in 2026. Previously, GDP growth was expected to be 0.9% and 1.1%, respectively. UBS raised its 2027…
European Commission President Ursula von der Leyen held a press conference after a summit in Brussels on March 20. She discussed US-EU relations and said that Brussels would delay Washington’s retaliatory tariffs until mid-April. Initially, the EU had intended to impose retaliatory tariffs on €26 billion worth of US goods in two phases, on April…
The European Union has signaled its readiness to take retaliatory measures in response to any U.S. tariffs on European imports, an EU official announced to ANSA news agency. This development comes as U.S. President Donald Trump indicated his plans to impose tariffs, following similar actions against Mexico, Canada, and China. The unnamed EU official asserted…
The annual rate of consumer price inflation in the Organisation for Economic Co-operation and Development (OECD) countries accelerated to 4.5% in October, up from 4.4% in the previous month. Before that, inflation had been weakening for four consecutive months. The report said price increases strengthened in 16 countries and slowed in 14 in October. Energy…
Europeans fear that a volatile trade environment will emerge in the United States after Donald Trump’s re-election. They are not ruling out protectionism and higher prices for European products. The EU is ready to work with Washington. The bloc sought to demonstrate this unity at a meeting of trade ministers in Brussels on Thursday. European…
Romania’s coalition government will raise the monthly minimum wage by 9.5% to 4,050 Romanian lei starting in January, according to a statement released by Romanian Prime Minister Marcel Cholaku after meeting with employers and unions. This is equivalent to approximately $884.61. For information, presidential and parliamentary elections are planned in Romania in November and December….
The French government is preparing a temporary increase in taxes for large companies and wealthy individuals as part of a plan to reduce the budget deficit. The country’s authorities are planning spending cuts and tax increases of around 60 billion euros in 2025, and expect to reduce the budget deficit to 5% of GDP from…
To tackle over-tourism and encourage local residency, Venice is set to increase its entrance fee to the city’s historic center. The fee, initially introduced at 5 euros in April, will rise to 10 euros starting in 2025. This increase is part of a broader strategy by city officials to manage the impact of high visitor…
