Economy News

Economy

ECB's Gabriel Makhlouf Advocates for Gradual Interest Rate Cuts Amid Persistent Inflation Concerns

ECB's Gabriel Makhlouf supports gradual interest rate reductions despite persistent high inflation components, emphasizing the ECB's commitment to its 2% inflation target.

Economy

Singapore's Youngest Billionaire Expands His Empire to Abu Dhabi

Singapore's youngest billionaire, Kishin RK, establishes a family office in Abu Dhabi, aiming to expand investments in the UAE and Middle East while maintaining strong ties to Sing...

Economy

Spain's Consistent Inflation at 2.4% Celebrated by ECB's Escriva

ECB's Jose Escriva praises Spain's inflation consistency at 2.4%, highlighting the success of economic decisions and the stability of citizens' purchasing power.

Economy

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

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...

Economy

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 ...

Economy

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.

Economy

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...