The stable GDP figures in Q4 enabled the European economy to escape a technical recession, which is defined as two consecutive quarters of economic downturn. Compared with 2022, the eurozone economy grew by 0.5 percent in 2023. The rate is markedly lower than estimations from market observers at...
President of the ECB Christine Lagarde told reporters in December 2021 that the ECB forecast annual real GDP growth at 4.2 percent in 2022 and 2.9 percent in 2023, revised down for 2022 and up for 2023 compared with September projections. Inflation, among other major challenges, is set to add...
GDP GDP growth GDP per capita Global Comparisons The most important statistics Countries with the largest gross domestic product (GDP) 2024 GDP of European countries in 2023 Real GDP growth rates in Europe 2024 Gross domestic product (GDP) of Europe's largest economies 1980-2029 United Kingdom'...
ECB President Christine Lagarde, meanwhile, said risks to growth "remain tilted to the downside." It comes as GDP is expected to expand by 0.8% in the euro area this year — that's an improvement from 2023's annual growth rate of 0.4%, but a far cry from 2022's 3.4%. In ...
Suffice to say, it’s not mere boosterism or misplaced patriotism to say that the United States (with 2023 per-capita GDP of $65K) has the economic system producing the best results. Nearly twice as high as the average for the European Union ($34K) and more than five times higher than...
China's economic growth rate to 5.1 percent in 2023, significantly higher than the bank's January forecast of 4.3 percent, and the International Monetary Fund (IMF) has set China's GDP growth rate at 5.2 percent this year, a substantial increase from last year's 3 percent growth rate. ...
In the third quarter of 2024, unemployment in the eurozone was 6.3 percent, a historic low, while inflation rose only slightly, to 2 percent, in October, and GDP growth reached 0.4 percent. Even with these relatively positive economic indicators as well as stable household finances, consumer op...
Inflation in Russia has probably peaked, as the annualised preliminary January rate reached 9.9%, says Renaissance Capital, and rate cuts could begin as soon as June, but that will also crash economic growth. S&P projects 15% growth for Azerbaijan's banking sector in 2025, lifts GDP outlook...
both in absolute and relative terms. Within the EU, Germany makes up almost half of the EU's exports to China. Germany's export exposure to China is about two times higher than the EU's average when compared by GDP and almost five times higher than the US' (according to 2022 data)....
marked by GDP growth and employment rates, impacts consumer spending on cereals, especially premium and organic products. Additionally, fiscal policies promoting sustainable farming practices and innovation in agricultural technologies are driving the market, as they align with growing consumer demand for ...