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Photo – Iron ore prices rise amid China’s stimulus measures
Iron ore prices rise amid China’s stimulus measures

The Central Bank of the country announced the most powerful package of financial stimulus measures since the beginning of the coronavirus pandemic

Photo – Business activity in the euro area declined in September
Business activity in the euro area declined in September

The Eurozone preliminary composite PMI fell to 48.9 in September

Photo – Europe needs immediate action for the steel industry – EUROFER
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

Photo – Economic sentiment in Germany deteriorated sharply in August
Economic sentiment in Germany deteriorated sharply in August

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

Photo – Eurozone inflation accelerated to 2.6% in July
Eurozone inflation accelerated to 2.6% in July

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

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

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

Photo – German government has proposed an economic growth initiative
German government has proposed an economic growth initiative

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

Photo – ECB leaves key interest rates unchanged
ECB leaves key interest rates unchanged

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

Photo – Eurozone inflation slowed to 2.5% in June
Eurozone inflation slowed to 2.5% in June

The indicator increased in accordance with the forecast of analysts

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

Photo – European Central Bank cuts key interest rates
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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