Friday

29th Mar 2024

Ticker

EU commission cuts economic growth projection

The EU Commission slashed its growth forecast for the European economy on Thursday, citing global trade tensions. The commission projected the eurozone's GDP will grow by 1.3 percent in 2019, down from 1.9 percent forecast last November. The EU's growth as a whole was revised to 1.5 percent from 1.9 percent. All EU countries are expected to grow, but projections for Germany, France, Italy, and the Netherlands were revised downwards.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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