US President Donald Trump’s policies are causing more uncertainty for the economy than there was during Covid, European Central Bank Vice President Luis de Guindos told the Sunday Times.
German industrial production fell the most in five months at the end of 2024, extending the manufacturing sector’s malaise even as other data offer hope of a stabilization.
Economists expect global inflation to remain high at least until 2028, according to a new survey that may add to market concerns about sticky price pressures.
The European Central Bank’s borrowing costs are probably too elevated given the backdrop of weak growth, according to Governing Council member Madis Muller.
Euro-area inflation climbed above the European Central Bank’s 2% target, though officials are unlikely to be deterred from continuing to lower interest rates next month and beyond.
Germany’s business outlook slid in November, remaining subdued due to the collapse of the government and the threat of trade tariffs following Donald Trump’s re-election as US president.
Private-sector business activity in France plunged at the quickest rate since the start of the year as political and geopolitical uncertainties drove an unexpected slump in the services sector.
The contraction in Germany‘s private-sector activity worsened in November, dealing another blow to an economy that’s now grappling with a government collapse alongside flat-lining growth.
A key gauge of euro-zone wages jumped by the most since the common currency was introduced in 1999 — complicating the European Central Bank’s plans for interest-rate cuts as inflation eases.