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Europe Economy: Latest News and Analysis

Reuters
U.S. crude exports to Europe expected to fall in Jan as shipping economics weaken
U.S. crude oil exports to northwest Europe are likely to slip early next year after hitting a record high in November, as the arbitrage for transatlantic shipments has slammed shut and freight rates ...
Reuters
Oil drops as dour economic outlook adds to oversupply concerns
Oil prices fell on Thursday after central bankers in the U.S. and Europe signaled caution over further easing of monetary policy, fanning concerns that weak economic activity could dent demand for oil ...
Financial Times
A Copernican revolution in EU economic thinking?
From 2009 to 2019, the collective cyclically-adjusted fiscal stance in the euro area averaged 0.3%, compared with -3.9% in the US. And if we look at primary deficits in absolute terms, measured in the ...
The Economist
How a Nigerian built one of Europe’s largest churches in…Ukraine
The 57-year-old Nigerian was living in Irpin, just outside Kyiv, close to a military airport. Russia’s brutal invasion of Ukraine was starting. Mr Adelaja hastily gathered his wife, four students ...
eurostat
Annual inflation up to 2.2% in the euro area
The euro area annual inflation rate was 2.2% in November 2024, up from 2.0% in October. A year earlier, the rate was 2.4%. European Union annual inflation was 2.5% in November 2024, up from 2.3% in October. A year earlier, the rate was 3.1%. These figures are published by Eurostat, the statistical o...
Reuters
Europe's conundrum: how to fund defence spending
With a war raging at the European Union's eastern border, Russia posing a threat, and U.S. President-elect Donald Trump pressuring allies to do more, the bloc urgently needs a viable plan to secure ...
Global Macro Playbook
Germany Ends 2024 in Contraction, Manufacturing Plummets

Germany's private sector ended 2024 in contraction for the sixth consecutive month, although the rate of decline slowed slightly due to a modest rebound in services activity, according to the latest HCOB Flash PMI survey data from S&P Global. Manufacturing, however, remained deeply in recession, experiencing

Global Macro Playbook
Eurozone Private Sector Contracts as Job Cuts Accelerate

The Eurozone private sector ended 2024 in contraction, with business activity declining for the second consecutive month, according to provisional PMI survey data from S&P Global, released today. The downturn, driven by a sharp fall in manufacturing output and sustained decline in new orders, resulted in the fastest

Global Macro Playbook
ECB's Lagarde Declares Victory Over Inflation's "Darkest Days"

European Central Bank President Christine Lagarde has declared that the worst of the Eurozone's inflation battle is behind it, signaling a shift in the central bank's stance, reports the Financial Times.

"The darkest days of winter look to be behind us," Lagarde stated in

Reuters
Parties unveil plans to rescue Germany from economic doldrums
Germany's main political parties will unveil their manifestos on Tuesday, offering competing visions to lift Europe's largest economy out of the doldrums while fighting off a far-right surge ahead of ...
Reuters
Focus: Europe's carmakers discount EVs, hike petrol car prices as new emissions rules loom
European automakers are raising prices of petrol cars and readying discounts on electric vehicles as they brace for yet another challenge - tougher emissions rules that threaten to further shrink ...
Kiplinger
Europe Faces Economic and Political Headwinds Next Year
Here’s the latest… As the U.S. economy keeps on humming, Europe has a far tougher economic outlook. Problems new and old are combining to slow growth in the 20-member club of nations that use the euro ...
The Hill
Europe’s increasingly volatile industrial doom loop
What is behind this industrial discontent with its very serious political ramifications are several factors, all of which point to the day of reckoning coming soon.
The Hill
Will Trump’s success spark a harder stance on immigration in Europe?
Donald Trump’s victory has sent shockwaves through Europe, as political elites grapple with the implications of his anti-migrant stance and the growing momentum of populist and right-wing ...
CNBC
Here's what we now know about the European Central Bank's rate cut plans
Policymakers in Frankfurt indicated a clear dovish shift, but exactly where they will stop rate cuts remains a topic of debate.
CNBC
European Central Bank's tone is much too hawkish, economist says
Kallum Pickering, chief economist at Peel Hunt, discusses the European economy and how monetary policy in the region may evolve in 2025.
Global Macro Playbook
ECB Cuts Rates for Fourth Time This Year

The European Central Bank (ECB) cut interest rates for the fourth time in 2024, signaling continued easing ahead as inflation moderates and the Eurozone economy remains sluggish.

The central bank reduced the deposit rate, which influences borrowing costs across the bloc, to 3.0% from 3.25%. This rate, which

Global Macro Playbook
ECB Cuts Rates for Fourth Time This Year

The European Central Bank (ECB) cut interest rates for the fourth time in 2024, signaling continued easing ahead as inflation moderates and the Eurozone economy remains sluggish.

The central bank reduced the deposit rate, which influences borrowing costs across the bloc, to 3.0% from 3.25%. This rate, which

CNBC
Switzerland likely to shift focus from Europe, China to the U.S. on exports, economist says
Samy Chaar, chief economist and chief international officer at Lombard Odier, says influences that impact economic conditions in Switzerland remain external.
Newsweek
European Central Bank Cuts Rates Amid Concerns About Trump Tariffs
The bank's rate-setting committee announced Thursday from its Frankfurt headquarters that it is lowering the benchmark rate from 3.2 percent to 3 percent.
Reuters
Dutch economic growth to pick up unless trade war hits, central bank says
AMSTERDAM, Dec 13 (Reuters) - Economic growth in the Netherlands will pick up in the coming years unless U.S. import tariffs and European retaliation unleash a trade war, the Dutch central bank (DNB) ...
Bloomberg
Europe Has Choice of Doing Hard Work or Facing Next to No Growth
Europe faces dire economic prospects unless its leaders start tackling reforms and put the conditions in place for a significant increase in private investment, according to The Conference Board.
The Economist
Syrian refugees in Europe are not about to flock home
Jens Spahn, a senior member of Germany’s opposition Christian Democrats ( cdu ), suggested handing €1,000 ($1,050) to any Syrian who wished to go home. Austria’s government even instructed officials ...
The Economist
Spain shows Europe how to keep up with America’s economy
Investors have noticed: with faster growth and a lower fiscal deficit than France, Spain has seen its bond yields dip below those of its northern neighbour for the first time since 2007. With packed ...
Reuters
ECB’s rearview mirror ignores economic crash ahead
Good drivers glance at the rearview mirror but keep their eyes on the road. The European Central Bank is doing the opposite, cutting interest rates slowly because of past data. France’s political ...
Reuters
Golden visas are a leaden answer to economic needs
Hungary is digging for golden visas. Despite pressure from the European Union, Prime Minister Viktor Orbán re-launched a residency-by-investment programme in July. Overall, though, these schemes’ ...
Reuters
To Europe's economic malaise, add a leadership void
France and Germany's political crises are a setback for efforts to modernise Europe's struggling economy and are already making it harder for companies to take the investment decisions they need to ...
Bloomberg
Reeves Visits Brussels to Push for Closer Economic Ties With EU
UK Chancellor of the Exchequer Rachel Reeves travels to Brussels on Monday as part of a bid to build closer economic ties with the European Union, as the new Labour administration continues to push a ...
Reuters
German far-right leader is Chinese-speaking economist with foreign partner
Alice Weidel, the chancellor candidate of the far-right Alternative for Germany (AfD), is an unlikely public face for a male-dominated, anti-immigration party that depicts itself as a defender of ...
Bloomberg
Europe Must Refocus Capital-Markets-Union Efforts, Lagarde Says
The European Union needs to ramp up efforts to unify its fragmented financial infrastructure, European Central Bank President Christine Lagarde said in an op-ed for the Economist.
Reuters
Greek economic growth to exceed 2% annually in next two years, says OECD
Greece's economy will grow by more than 2% annually in the next two years, helped by continuing flows of European funds, but it needs to do more to attract investment, the Organisation for Economic ...
The Economist
Not all European business is a profitless wasteland
European business can seem just as dysfunctional. In the past couple of weeks it has been a tale of bankruptcy (of Northvolt, a would-be battery champion), labour unrest (at Volkswagen, the ...
The Economist
Will Giorgia Meloni turn out to be Europe’s Trump card?
Giorgia Meloni, the Italian prime minister, found herself feted in unique style at a glitzy ceremony on the sidelines of the annual United Nations confab in Manhattan. Bestowing an award upon her was ...
Reuters
Economic impact of French political turmoil seems limited and contained- EU
The economic impact of political turmoil in France on the rest of the European economy seems contained and rather limited, but the European Commission is monitoring it, a spokesman for the EU ...
Bloomberg
ECB’s Lagarde Sees Weaker Economic Growth and Uncertain Outlook
European Central Bank President Christine Lagarde warned that the economy is likely to remain fragile in the near term, with uncertainty and downside risks clouding the outlook beyond that.
Wall Street Journal
Eurozone Economic Outlook Uncertain Amid Threats to Trade, Says ECB’s Lagarde
The outlook for the eurozone economy is increasingly uncertain amid growing threats to international trade, while inflation will ease next year after a brief rise, Christine Lagarde said.
MT Newswires
European Equities Close Higher on Monday; Eurozone Manufacturing 'Looks Terrible,' Economist Says
The European stock markets closed mostly higher in Monday trading as the Stoxx Europe rose 0.54%, Germany's DAX surged 1.44%, the FTSE in London gained 0.31%, the Swiss Market Index was up 0.55%, ...
Reuters
Trump tariffs could weigh on European growth and inflation, ECB's Cipollone says
Import tariffs expected to be implemented by the administration of U.S. President-elect Donald Trump could lower economic growth and inflation in the 20 nations sharing the euro, European Central Bank ...
The Hill
Trump’s Europe policy is a lose-lose game — unless he pivots
Donald Trump’s proposed Europe policy may prove self-defeating, as it risks leaving the continent more vulnerable to Russian aggression and Chinese economic dominance, while also sowing ...
CNBC
Here's why Americans traveling to Europe may find bargains in 2025
Economists expect the euro to hit parity with the U.S. dollar next year, partly due to tariffs that President-elect Donald Trump may impose.
Politico Europe
Seizing Europe’s industrial and decarbonized future
Implementing the Draghi report’s recommendations can secure Europe’s competitiveness, economic security and decarbonized future ...
U.S. News & World Report
European Stocks off Two-Week Highs as Energy Stocks Weigh
(Reuters) - Europe's main stock index opened at a two-week high on Monday, boosted by U.S. President-elect Donald Trump's Treasury Secretary nomination and upbeat comments by the European Central Bank ...
Politico Europe
It’s not just Trump: Economic malaise and political chaos are battering Europe’s currency too
But the euro’s home-grown problems have ensured it has lost more than its peers. It’s down 4 percent since the election, while the dollar index, which tracks the greenback against a basket of ...
CNBC
‘Europe's Detroit' built a thriving car industry. Trump tariffs now threaten to unravel its success
A small landlocked country in the heart of Europe appears to be uniquely exposed to President-elect Donald Trump’s “America First” economic agenda.
Bloomberg
Europe Awaits Trump Tariff Clash With Its Own New Trade Powers
Europe’s worst-case scenario for the future of transatlantic economic relations rose to the surface this week when President-elect Donald Trump gave a clear signal that he’ll use American trade might ...
Reuters
European automakers fall as Trump pledges tariffs
European automakers shares fell on Tuesday, as traders reacted to President-elect Donald Trump pledging big tariffs on Canada, Mexico and China, news that fueled jitters over a potential global trade ...
SCMP
Europe expert Cui Hongjian on why China, EU face worst-case scenario as Trump returns
Leading Chinese researcher on European studies and ex-diplomat says Beijing, Brussels and Washington may find themselves in a 'triad game' Cui Hongjian is a leading Chinese researcher on European ...
Reuters
ECB policy should not remain restrictive for too long, chief economist says
There is still some way to go before euro zone inflation is sustainably back at 2% but ECB policy should not remain restrictive for too long, otherwise price growth could fall below target, Philip ...
The Economist
The frightening maths of Europe’s military black hole
Yet the mood in Europe’s defence ministries is one of grim foreboding. At a gathering of defence officials and defence-industry executives in Prague a few days after the election, the most optimistic ...