202406.14
Off
0

German Consumer Prices Rise by 2.8% in May, Exceeding Expectations

In May 2024, Germany’s consumer prices, harmonized with EU standards, experienced a year-on-year increase of 2.8%, according to preliminary data from the Federal Statistical Service (Destatis). This marks an acceleration from April’s 2.4% rise. Every month, consumer prices grew by 0.2% in May, following a more substantial 0.6% increase in April. These figures surpassed analysts’…

202405.02
0
0

German Business Confidence Continues to Surge, Reaching New Heights in April

In a testament to Germany’s economic resilience, the index of German business confidence has experienced a notable uptick for the third consecutive month, soaring to its highest level since May 2023. The latest data, compiled by the Munich Institute of Economic Research Ifo, reveals a surge in confidence, with the indicator climbing to 89.4 points…

202312.24
0
0

Lithuania Strengthens Sanctions on Goods Export and Transit via Belarus and Russia

In a recent move, Lithuania has implemented stricter regulations governing their export goods and transit through Belarus and Russia. The Lithuanian Customs Service announced these measures, emphasizing the need for enhanced scrutiny in order to prevent potential circumvention of sanctions. Effective from December 18, exporters engaging in the export (re-export) or transit of sanctioned goods…

202306.17
0
0

Beyonce Effect: Singer’s Tour Spurs Inflation Increase in Sweden

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:…

202305.19
0
0

Inflation in EBRD Regions in March Was 14.3%

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….

202305.12
0
0

IMF Projects Modest Economic Growth and Elevated Inflation for Eurozone

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…