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![EU agri-food trade surplus reaches $5.43 billion in April 2024, driven by higher prices and increased exports](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20680'%3E%3C/svg%3E)
Exports reached €19.8 billion ($21.5 billion), mainly due to increased prices of olives and olive oil
![EU, Singapore conclude negotiations for landmark Digital Trade Agreement](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The agreement aims to build trust, ensure predictability for businesses, and remove barriers to digital trade
![New U.K. business growth jumps to 15-month high in July, says PMI](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Job numbers at manufacturing firms were stable in July, ending a 21-month sequence of decline
![Euro area government debt rises to 88.7 percent of GDP in Q1 2024](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The highest ratio of government debt to GDP in the euro area was in Greece at 159.8 percent
![Bank of England rate cut bets rise as inflation steadies at 2 percent target](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The Bank of England's interest reached a 16-year high of 5.25 percent in August 2023
![Euro area international trade surplus hits $15.20 billion in May 2024](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
In the first five months of 2024, the euro area recorded a trade surplus of 84.9 billion euros
![France’s economy projected to grow 0.9 percent in 2024, 1.3 percent in 2025: IMF](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Real GDP grew by 1.1 percent in 2023, supported by net exports, while consumption remained weak
![U.K. GDP grows 0.4 percent in May 2024 on greater construction, service output](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Service output was the largest contributor to the U.K.'s monthly GDP growth in May 2024
![Eurozone unemployment rate marginally declines to 6.4 percent in May](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Unemployment among young persons in the eurozone reached 14.2 percent in May
![U.K. manufacturing activity grows in June, input cost inflation at 17-month high: PMI](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Tight supply lines, higher import costs and freight issues also contributed to higher purchase prices
![Germany’s inflation eases to 2.5 percent in June, paving way for ECB rate cut](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Inflation in Europe's largest economy had already slackened to 2.3 percent in March, its lowest level since June 2021
![Germany’s renewable energy share reaches 58 percent in first half of 2024](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Photovoltaic systems generated more than 10 billion kilowatt hours of electricity in one month for the very first time in June
![Germany’s unemployment rate rises to 6 percent in June](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Unemployment in Germany rose to 2.727 million individuals in June, a monthly increase of 4,000
![Denmark to introduce first-ever carbon tax on agriculture](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20684'%3E%3C/svg%3E)
The deal calls for taxing farmers 300 Danish crowns ($43.16) per ton of CO2 in 2030, increasing to 750 crowns by 2035
![Spain’s GDP expands 2.5 percent annually in Q1 2024, exceeding initial estimates](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
GDP grew by 0.8 percent sequentially, a faster pace than the 0.7 percent growth seen in the fourth quarter of 2023
![ECB may cut interest rates twice more this year, to reach as low as 2.25 percent in 2025](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
While the ECB must ensure inflation returns to 2 percent, it shouldn’t overly dampen economic activity with interest rate cuts
![Eurozone business recovery slows in June as activity hits 3-month low: PMI](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
After hitting a 27-month high in May, business confidence across the eurozone declined in June
![U.K. public debt rises to $3.47 trillion in May, highest since 1961](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Borrowing in the U.K. reached 33.5 billion pounds in the first two months of the financial year
![Oracle to invest over $1 billion in AI and cloud computing in Spain](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Madrid is expected to receive investments of more than 6 billion euros from the cloud industry in the next three years
![Amazon invests $10.75 billion in Germany to expand cloud and logistics services](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
AWS also announced last month plans to invest €7.8 billion in the AWS European Sovereign Cloud from 2024 to 2040
![Swiss National Bank lowers key interest rate to 1.25 percent in second round of rate cuts](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The SNB now expects inflation to be 1.3 percent in 2024, 1.1 percent in 2025, and 1 percent in 2026.
![U.K. inflation reaches central bank’s 2 percent target: Will policymakers respond with rate cuts?](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
This marks the lowest annual increase in the consumer price index since mid-2021, in line with analysts' forecasts
![EU to impose up to 38 percent in tariffs on Chinese battery electric vehicles](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The EU will start applying provisional tariffs on imported Chinese electric vehicles by July 4
![ECB shouldn’t rush or delay future interest rate cuts: Bank of France governor](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
France central bank governor calls on governments and regulators to boost capital markets union to help close investment gap