Slower growth comes on the back of households counting the pennies as they are confronted with higher borrowing rates and decreasing state help to cover energy costs, which shot up after Russia invaded Ukraine two years ago. “After a bruising 2023, the European economy has emerged a little weaker than expected, although the rebound should … Read more
Press play to listen to this article Voiced by artificial intelligence. FRANKFURT — On the global stage, European Central Bank President Christine Lagarde still exudes the air of an international rockstar of finance, but back home her records just won’t sell. Most participants in a trade union survey of ECB staff, seen by POLITICO, said … Read more
Last ditch talks between the EU’s finance ministers planned for Wednesday on an overhaul of the EU’s public spending rules look set to fall short amid continued disagreement between Germany, France and Italy, according to officials in Brussels. French Finance Minister Bruno Le Maire and his German counterpart, Christian Lindner, will face the press on … Read more
If China slows significantly and Europe does too, and that leads to significant stimulus, then EMs with a heavy commodity focus or little hard currency debt would be well positioned to perform as traders and companies look to gain on the back of those activities. Some say the same trend will persist in 2024. Do … Read more
