ECB's Vasle Optimistic About Declining Services Inflation
ECB's Bostjan Vasle explains the decision to reduce interest rates due to declining services inflation, noting its moderation and the potential for Eurozone economic growth.
Economy News
German Economy Faces Challenges: Bundesbank Forecasts 0.2% Contraction in 2024
The Deutsche Bundesbank forecasts a 0.2% contraction in the German economy for 2024, citing persistent economic headwinds and structural problems. The central bank also revised gro...
Eurozone's Industrial Output Stays Flat in October: Key Insights
Eurostat reports that the euro area's industrial output remained stable in October, driven by capital goods production. However, annual declines were noted, with significant drops ...
UK Public Predicts Inflation at 3% by 2025: BoE Survey Reveals
A BoE and Ipsos survey finds UK public expects inflation at 3% by 2025, up from 2.7% in August. Interest rate perceptions and future expectations are also detailed.
UK Economy Contracts in October, Reeves Promises Long-Term Growth
British Chancellor Rachel Reeves admits the October GDP report shows a 0.1% contraction but promises long-term growth through public finance stabilization, low tax rates, and inves...
ECB's Kazaks: Interest Rates on a Definite Downward Path
ECB Governing Council Member Martins Kazaks emphasizes the need for continued interest rate reductions following the latest 25-basis-point cut, predicting a decline in inflation by...
ECB's Muller Predicts Gradual European Economic Recovery Amid Inflation Challenges
ECB's Madis Muller forecasts a gradual European economic recovery, noting inevitable inflation fluctuations and interest rate impacts. The ECB recently cut key rates, aligning with...
Vietnam Proposes Travel Ban for Tax Debtors: A New Economic Measure
Vietnam is considering a new policy to ban individuals with tax debts of $400 or more from traveling, also extending to business representatives who owe VND100 million or more. Thi...
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