EU growth forecast cut as Trump tariffs weigh on economy
Robots work on a BMW assembly line in Munich, Germany, on Oct. 22, 2021. European Union officials cut…
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https://www.europesays.com/2184998/
ECB President Christine Lagarde signaled the end of the current monetary policy cycle after a 25bp rate cut, noting near-unanimous support and reaffirming her commitment to complete her term despite resignation rumors.
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The European Central Bank cut all three key policy rates by 25 basis points for the seventh consecutive time, citing easing inflation and updated economic forecasts, with the deposit facility rate now at 2.00% and further reductions in growth and inflation projections for 2025-2027.
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Dollar-won exchange rate rises to 1,466.70 amid euro weakness and U.S. tariff concerns, with ECB warning of potential economic impact on Eurozone growth and inflation
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ECB's Lagarde warns of potential 0.3 percentage point drop in Eurozone growth if US imposes 25% tariffs, with inflation risks and policy uncertainty highlighted
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https://en.infomaxai.com/news/articleView.html?idxno=55023
Contrastingly, the Eurozone's economic growth forecast for this year was adjusted downward by 0.3%, with no change for 2025. Projections stand at 0.6% for 2024 and 1.3% for 2025.
China's economic outlook anticipates a slowdown to 4.7% in 2024 and 4.2% in 2025. This deceleration is attributed to factors such as low demand, high debt levels, and a weak real estate market. #OECD #GlobalEconomy #USGrowth #EurozoneGrowth #ChinaEconomy #EconomicOutlook
The OECD has revised its global economic growth forecast for this year, increasing it from 2.7% to 2.9%. In the United States, economic growth is expected to be sustained by household spending and robust labor market conditions but is projected to slow to 2.1% in 2024 and further to 1.7% in 2025. #OECD #GlobalEconomy #USGrowth #EurozoneGrowth #ChinaEconomy #EconomicOutlook
