Sophie Kiderlin

"This would mark the slowest rate of global growth since 2008, aside from outright global recessions," the World Bank said of its forecast.

German Chancellor Friedrich Merz had a full agenda as he met with U.S. President Donald Trump.

Merz will aim to strengthen the Germany-U.S. relationship, as well as talk about trade and security matters.

Markets are pricing in a 25 basis point rate cut from the ECB. Here's what analysts say about its potential next steps and what they might mean for consumers.

The U.S. economy is now expected to expand by just 1.6% in 2025, while the global economy is set to grow by 2.9%.

Economists polled by Reuters had been expecting the May reading to come in at 2%, which is the European Central Bank's target.

Economists polled by Reuters had expected the German harmonized consumer price index to come in at 2%.

Germany's government has made infrastructure development a top priority, but it needs help from the private sector.

Several NATO members currently struggle even with spending 2% of their gross domestic product on defense.

In its latest Financial Stability Review, the central bank discussed the recent spike in market volatility.