Economy News

Economy

EU Predicts US GDP to Decline by 0.8% to 1.4% by 2027 Due to Trade Tariffs, Sparks Global Economic Concerns

European Trade Commissioner forecasts a 0.8% to 1.4% drop in US GDP by 2027 due to trade tariffs, with potential for greater global economic impacts if trade tensions escalate.

Economy

ECB's Lagarde Signals Readiness to Deploy Tools Amid U.S. Tariff Tensions

ECB President Christine Lagarde announces the bank's readiness to use all available tools to ensure stability amidst U.S. tariff tensions and market volatility, while closely watch...

Economy

French PM Francois Bayrou Warns: Swapping US Goods for Chinese Amid Trade Turmoil Is 'Dangerous'

French Prime Minister Francois Bayrou warns against the dangerous and naive strategy of replacing US goods with Chinese products amid trade disputes, advocating for economic stimul...

Economy

BlackRock CEO Larry Fink Highlights Market Uncertainty and Client Anxiety in Latest Earnings Discussion

BlackRock CEO Larry Fink discusses how market uncertainty is causing anxiety among clients, drawing parallels to past crises like the financial crisis and COVID-19, while highlight...

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...