EU Exports to U.S. Plunge Over 10% in June Amid Rising Tariffs
EU exports to the U.S. fell over 10% in June as U.S. tariffs bite, narrowing the Eurozone trade surplus dramatically.
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Eurozone Inflation Slows Sharply to 1.9% in May
Eurozone inflation cooled to 1.9% in May, its lowest since Sept 2024, driven by a slowdown in services prices and dipping below the ECB’s 2% target.
Eurozone Inflation Drops: Bund Summit Reveals ECB’s Strategies
At the Bund Summit, experts discuss the eurozone’s inflation drop from 9% to 2.2%, exploring the ECB’s strategies to balance inflation and growth.
ECB Holds Steady: Interest Rates Remain at Record High
The European Central Bank has kept key interest rates steady at record highs, maintaining the main refinancing operations at 4.50%, marginal lending at 4.75%, and deposit at 4.00%.
EU Lowers Eurozone Growth Forecast for 2024 Amid Weak Start
EU cuts its eurozone growth forecast for 2024 from 1.2% to 0.8%, citing a weak start to the year but expects gradual economic acceleration.