Economy News

Economy

French PM Francois Bayrou Cautions Against Shifting from US to Chinese Goods Amid Trade Turmoil

French Prime Minister Francois Bayrou warns against the dangers of replacing US goods with Chinese products during trade disputes, emphasizing the need for economic activity over m...

Economy

UK Economy Shows Promising Growth: Chancellor Reeves Urges Faster Action Beyond Encouraging GDP Rise

British Chancellor Rachel Reeves views the 0.5% GDP growth in February as encouraging but stresses the need for faster action to strengthen the economy and support workers. The gro...

Economy

China Escalates Trade War with US, Raising Tariffs from 84% to 125%

China responds to US tariffs by increasing its own tariffs on US goods from 84% to 125%, effective April 12. The Chinese Finance Ministry criticizes the US actions, stating they la...

Economy

ECB's Villeroy Warns Against Following Trump's Financial Deregulation Path

ECB's Francois Villeroy de Galhau warns the EU against following Trump's financial deregulation, citing risks of future crises. He emphasizes the lessons from the 2008 banking cris...

Economy

EU Strengthens Energy Security with Two-Year Extension of Gas Storage Regulations

The European Commission has approved a two-year extension of gas storage regulations to enhance energy security and protect against market volatility, introducing flexibility for m...

Economy

EU Forecasts U.S. GDP to Decline by 0.8% to 1.4% by 2027 Due to Trade Tariffs

The EU projects a 0.8% to 1.4% drop in U.S. GDP by 2027 due to trade tariffs, with potential worse outcomes if the trade war escalates. The Eurozone and global economy could also s...

Economy

ECB's Christine Lagarde Vows to Utilize All Tools Amid U.S. Tariffs for Market Stability

ECB President Christine Lagarde commits to using all necessary tools to ensure stability amidst U.S. tariffs, noting market volatility but confirming orderly operations. Exchange r...

Economy

EU Forecasts: US GDP to Decline 0.8% to 1.4% by 2027 Due to Trade Tariffs, Global Economy at Risk

The EU forecasts a 0.8% to 1.4% drop in US GDP by 2027 due to trade tariffs, with potential worse outcomes if the trade war escalates, affecting global economy.