economy

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Business activity in the euro area declined in September

The Eurozone preliminary composite PMI fell to 48.9 in September

Europe needs immediate action for the steel industry – EUROFER

The association called for the implementation of the recommendations of Draghi's report on increasing the competitiveness of EU industry

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Economic sentiment in Germany deteriorated sharply in August

The last time such deterioration of expectations was recorded two years ago

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Eurozone inflation accelerated to 2.6% in July

Analysts expected a more moderate growth of the indicator – at the level of 2.4%

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Eurozone and EU GDP grew by 0.3% q/q in Q2

Compared to the same period in 2023, the indicator increased by 0.6% in the Eurozone and by 0.7% in the EU

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China’s macroeconomic indicators showed a downward trend in the first half of the year

In the country during the specified period, the volume of steel smelting fell amid decrease in the margins of steel plants

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German government has proposed an economic growth initiative

The BDI industry association notes that the economic package provides only modest incentives

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ECB leaves key interest rates unchanged

The regulator expects inflation to remain above target over the next year

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Eurozone inflation slowed to 2.5% in June

The indicator increased in accordance with the forecast of analysts

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The World Bank forecasts global GDP growth of 2.6% y/y in 2024

In 2025-2026, growth will accelerate to 2.7% y/y

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European Central Bank cuts key interest rates

The base rate for loans will be 4.25%, the rate for deposits will be 3.75%

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Germany is losing its status as the engine of the EU economy

High lending rates and weak demand are dragging down the EU's largest economy

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