European Central Bank (ECB) President Lagarde stated that while recent data suggest inflation is moving in the right direction, more information is needed to confirm a return to the 2% target. Additionally, the EU Commission has revised down its GDP growth forecast for the Eurozone in 2024, with expectations for slower inflation in the coming years.
Climate policies and higher energy prices are wrecking Germany: "Germany's DIHK chambers of industry and commerce warned on Thursday that Europe's biggest economy will shrink by 0.5% this year, in a second year of recession and its worst downturn in two decades."… https://t.co/o6PtaYo7wc
ECB officals turn up the temperature in rate cut debate as Lagarde urges caution https://t.co/exFoRg5pis via @jrandow @weberalexander https://t.co/LENiakHaaT
⚠️ EURO ZONE'S LOW PRODUCTIVITY MAY SLOW INFLATION'S FALL - ECB'S SCHNABEL (Reuters) Europe's sluggish productivity growth may slow the fall in inflation to the European Central Bank's 2% target, ECB policymaker Isabel Schnabel said on Friday. Schnabel pointed to a number of… https://t.co/iR2wz9rOko
💡 ECB’s de Cos: Some Time Left Before We Cut Interest Rates - @EconoStream on https://t.co/orvmA6Wqwk Full Story → https://t.co/ZW69GarPsz
🇩🇪 Your friendly reminder that the Germany Economy hasn’t seen Quarterly Growth since Q3 2022. https://t.co/Qxk2A1uesA https://t.co/01bcHpsrwE
🇪🇺 ECB NEEDS MORE DATA BUT INFLATION GOING IN RIGHT DIRECTION: LAGARDE Full Story → https://t.co/wtan3mrEVs https://t.co/5Ng2JqKYVM
EU has cut its forecasts for EU & Eurozone growth for 2024, as higher interest rates weigh on econ activity. Eurozone 2024 GDP growth cut to 0.8% from 1.2% w/German 2024 growth cut to 0.3% from 0.8%. This puts Germany at bottom of Eurozone countries in terms of predicted growth,… https://t.co/yT5UYNyp1j
⚠️ EU COMMISSION CUTS 2024 EURO ZONE GROWTH FORECAST, SEES SMALLER INFLATION (Reuters) The euro zone economy will grow slower than expected this year after price growth eroded purchasing power and high ECB interest rates curbed credit, but inflation in 2024 will also be slower… https://t.co/5vh7J00bat
🔴 EU: EUROZONE INFLATION TO DECLINE TO JUST ABOVE 2% ECB TARGET AT THE END OF 2025.
🔴 EU COMMISSION FORECASTS EUROZONE INFLATION SLOWING DOWN TO 2.7% IN 2024 FROM 5.4% IN 2023, AND DECELERATING TO 2.2% IN 2025.
🔴 EU COMMISSION SEES GERMAN GDP TO GROW ONLY 0.3% IN 2024 RATHER THAN 0.8% IT EXPECTED IN NOVEMBER AND SEES 1.2% GROWTH IN 2025.
🔴 EU COMMISSION CUTS EUROZONE GDP GROWTH FORECAST FOR 2024 TO 0.8% FROM 1.2% EXPECTED IN NOVEMBER, SEES 1.5% GROWTH IN 2025.
EU Commission Cuts Euro Zone GDP Growth Forecast For 2024 To 0.8% From 1.2% Expected In November, Sees 1.5% Growth In 2025 - Sees Euro Zone Inflation Slowing Down To 2.7% In 2024 From 5.4% In 2023, Decelerating To 2.2% In 2025
🔴 ECB'S PRESIDENT LAGARDE: THE ECB HAS SUCCEEDED IN ANCHORING INFLATION EXPECTATIONS.
ECB needs more data but inflation going in right direction: Lagarde https://t.co/aiGuwbdU7V https://t.co/rcHWNY7T06
🔴 ECB'S DE COS: THE NEXT MOVE WILL BE A RATE CUT.
🔴 ECB'S PRESIDENT LAGARDE: THERE IS NOT ENOUGH EVIDENCE YET ON INFLATION RETURNING TO 2%.
⚠️ ECB NEEDS MORE DATA BUT INFLATION GOING IN RIGHT DIRECTION: LAGARDE (Reuters) Euro zone economic data indicates that inflation is heading back towards target as earlier predicted but the European Central Bank still needs more information before it can be sure, ECB President… https://t.co/762Yu4cVvc
💡 ECB’s Lagarde: ‘Latest Data Confirm the Ongoing Disinflation Process’ - @EconoStream on https://t.co/orvmA6Wqwk Full Story → https://t.co/LLmNlnkOvJ
ECB’s Lagarde says wages are gaining importance as an inflation driver https://t.co/js4jFCew9x via @weberalexander https://t.co/ymdkbw2ymt