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...The research showed many of the EU countries with the biggest shortfalls in Nato’s target for defence spending to hit 2 per cent of gross domestic product — including Italy, Spain and Belgium — also have...
...These faint green shoots include an upgrade to fourth-quarter gross domestic product estimates for both France and Italy that suggest the overall eurozone growth figure may get revised upward into positive...
...Cyrus de la Rubia, chief economist at Hamburg Commercial Bank, said the data suggested the eurozone had returned to quarter-on-quarter gross domestic product growth of about 0.3 per cent since the start...
...Trying to copy the US Inflation Reduction Act, a package that includes $369bn of subsidies and tax credits for clean energy technologies, would permanently knock 0.6 per cent off EU gross domestic product...
...Germany was the world’s worst-performing major economy last year, with gross domestic product contracting 0.3 per cent and experts warning that it risked becoming the “sick man of Europe”....
...Five German economic research institutes last month slashed their growth forecasts, predicting gross domestic product would expand only 0.1 per cent this year, down from their earlier prediction of 1.3 per...
...Italy, Spain, Portugal and Greece have collectively added more than €200bn of gross domestic product — more than the entire Portuguese economy — in price-adjusted terms over the past six years, while Germany...
...The central bank also reduced its 2024 growth forecast for the fourth quarter in a row, saying it expected eurozone gross domestic product to rise just 0.6 per cent this year, down from its previous estimate...
...Giorgetti predicted that the cost of tax credits and other home improvement incentives would reach €219bn, more than 10 per cent of gross domestic product....
...But it still presented a “grim” picture of consumer spending, and was likely to prompt him to lower his forecast for first-quarter gross domestic product to a decline of 0.3 per cent from the previous quarter...
...The five institutes forecast that growth in German gross domestic product this year would be 0.1 per cent, down from their earlier expectation of 1.3 per cent six months ago....
S&P Global’s flash eurozone composite purchasing managers’ index rises to 8-month high
...Chris Williamson, chief business economist at S&P Global Market Intelligence, said the “further robust expansion of business activity” pointed to UK gross domestic product rising 0.25 per cent in the first...
...Holger Schmieding, chief economist at German bank Berenberg, forecast that gross domestic product in Europe’s largest economy would grow 0.4 per cent this year “with the risk to the downside stemming from...
...US price pressures are being kept elevated by strong growth in the world’s largest economy, which expanded gross domestic product by 2.5 per cent last year....
...“If China is selling high quality — or acceptable quality — products at low prices, they are going to buy them.”...
...The deal comes after the so-called Stability and Growth Pact that limits public deficits to 3 per cent of gross domestic product and national debt at 60 per cent of GDP was suspended over the past four years...
...The federal statistics office, Destatis, said gross domestic product was still above pre-pandemic levels, after last year’s contraction followed two years of rebounding output and left it 0.7 per cent up...
...While the Polish central banker has in the past been outspoken in his criticism of the euro, he told the FT that Poland might be ready to join the single currency in about a decade, once its gross domestic product...
...The eurozone economy, in gross domestic product terms, flatlined in the final three months of last year, after it stagnated for most of 2023....
...The growth in Spanish gross domestic product in the three months to December from the previous quarter was above the 0.2 per cent forecast by economists polled by Reuters....
...The stalling of French gross domestic product in the fourth quarter followed a similar outcome in the third quarter, which was revised up on Tuesday from an earlier estimate of a 0.1 per cent contraction...
...Another contraction in eurozone gross domestic product in the fourth quarter would raise questions about whether the European Central Bank was too optimistic in the growth forecasts it published on Thursday...
...reserve currency allowed eurozone countries to issue debt more cheaply, estimating the savings could be worth about half a percentage point of interest that amounts to about 0.5 per cent of gross domestic product...
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