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Economy

How car tariffs and defence spending are shaping growth in Europe

Uncertainty around US trade tariffs is costing the eurozone and the UK economy billions this year and the next, which cannot be entirely offset by increased defence spending in 2025.

Economy

The Spanish economy grew 3.2% in 2024: Why is it outperforming peers?

Spain's economy grew 3.2% in 2024, one of the fastest in the eurozone, driven by strong domestic demand, robust tourism, and EU recovery funds, outperforming Germany, France and Italy. Economists say Spain remains a ‘bright spot’ in Europe, expecting this outperformance to continue through 2025.

Markets

Market insights: What is behind the European stock markets’ rally?

European markets continued to outperform their US counterparts despite the recent rebound on Wall Street. Notably, the banking and industrial sectors stand as the top two performers, driven by relatively cheaper valuations, expectations for surging defence spending, and optimistic economic outlooks.

Economy

Eurozone business activity rises as Germany’s manufacturing rebounds

Eurozone business activity expanded for a third straight month in March, driven by a rebound in German manufacturing and easing inflation pressures, offering early signs of a more sustained recovery.

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Economy

Eurozone consumer confidence falls more than expected in March

Eurozone consumer confidence weakened as looming trade tariffs raised concerns over growth and inflation. Meanwhile, Germany approved a massive fiscal package, but economists urged caution over immediate excitement.

Europe News

Burying money has cost Portugal millions of euros in the last decade

Citizens hide money in case of emergency situations. In 2024, authorities recovered a record €1.7 million in banknotes that were not fit for circulation.

Economy

Euro falls as eurozone inflation sees downward revisions in February

Eurozone inflation eased to 2.3% in February, with core inflation at 2.6%, its lowest since January 2022. France had the lowest rate (0.9%), Hungary the highest (5.7%). The euro slipped ahead of Wednesday’s Fed meeting.

Economy

Germany’s economic sentiment hits 2-year high, EU exports to US soar

Germany’s economic sentiment hit a 2-year high, but the eurozone’s trade surplus fell sharply. EU exports to the US surged as firms frontloaded shipments ahead of potential Trump tariffs, while the trade deficit with China widened sharply.

Economy

ECB cuts rates for sixth time since June despite sticky inflation

The European Central Bank cut its benchmark interest rate by a quarter point to 2.5% on Thursday as inflation nears 2% and growth remains weak.

Economy

Eurozone unemployment remains at a historic low despite weak economy

The eurozone labour market showed resilience following the region’s sluggish economic performance in the last quarter of 2024.

Economy

Eurozone inflation falls less than expected: ECB rate cuts at risk?

Eurozone inflation eased to 2.4% in February but remained above forecasts, complicating the ECB’s rate-cut plans. Monthly price pressures, meanwhile, hit a 10-month high.

Europe News

Bulgarian nationalists stage protest against plans to join eurozone

Police said that several demonstrators had been arrested, while some officers had been injured during the clashes.

Economy

Manufacturing sector in France sees lowest fall since May 2024

Although France’s manufacturing sector suffered in February, the UK’s services sector saw growth this month, with Germany’s manufacturing PMI hitting its highest reading in 24 months as well.

Economy

Eurozone records marginal GDP growth after forecasts of stagnation

Regional output was slightly better than previously thought, although the eurozone is still hampered by productivity woes.

Economy

Eurozone inflation tops forecasts, but euro tumbles on tariff fears

Eurozone inflation exceeded forecasts in January, reaching 2.5%, but the euro weakened as fears of US tariffs overshadowed expectations of a hawkish ECB response. European stocks tumbled, with auto shares hit hardest, while bond yields fell as investors sought safety.

Economy

Eurozone economy stagnates in Q4 as Germany and France contract

Eurozone GDP stagnated in Q4 2024 as Germany (-0.2%) and France (-0.1%) contracted, reinforcing expectations of more ECB rate cuts. The euro held at $1.04, while bond yields fell. The ECB-Fed policy gap widens as Powell signals "no rush" for rate cuts.

Economy

IMF chief: Eurozone has tools for greater growth if it learns from US

The head of the IMF, Kristalina Georgieva, was speaking at a panel in Davos alongside ECB President, Christine Lagarde.

Economy

Eurozone firms see activity lift but barriers to growth persist

Business activity in the eurozone is now expanding for the first time since August 2024, although the upturn remains modest.

Economy

President Trump's return: What it means for eurozone interest rates

This president's second term is set to reshape global economic policy, with trade tariffs, tax cuts, and a stronger dollar impacting inflation and interest rates. While the Fed may hold or tighten rates, the ECB is expected to cut further as eurozone growth remains weak.

Economy

Eurozone inflation rises for third month as energy costs edge up

Rising services prices were behind the boost in the December inflation figure, although they were offset by a fall in food, alcohol and tobacco prices.