Europe
Eurozone to likely grow at a rate of 0.3 percent during the second quarter
Services inflation eased only slightly to 5.9 percent from 6 percent, missing the 5.5 percent forecast
The euro area exports of goods to the rest of the world in March 2024 were $266.39 billion
Italy's economic activity expanded 0.9 percent in 2023 and 0.6 percent in Q1 of 2024
Finland's wind power capacity has increased so rapidly in recent years, by 75 percent to 5,677 megawatts in 2022 alone
Saudi minister highlights the Kingdom's status as the fastest-growing economy over the past six years
ECB's review shows lenders were not adequately weighing up risks before granting a mortgage
An Education Task Force will be also established to promote cooperation in higher education
Spain's FertigHy pledges a 1.3 billion euro investment in a low-emission plant in northern France
Microsoft announced an investment of $4.3 billion in the country
In Q1 this year, residential property prices declined 4.3 percent
Economists caution that the poor performance of the NHS is exerting negative repercussions on the broader economy
Greece, Spain and the Netherlands all registered growth as Germany and Austria marked declines
Unemployment to steadily increase to 4.7 percent by 2025 as U.K. labor market cools
Germany's seasonally adjusted jobless rate remained steady at 5.9 percent
Economic expansion in Germany, Spain and Ireland propelled eurozone's economic growth
Asset management emerged as the sector attracting the largest sources of FDI
Non-oil trade between the UAE and Ukraine amounted to $385.8 million in 2023
The central bank raised inflation forecast to 4.3-4.8 percent, up from 4-4.5 percent
This data supports the ECB's plan to start cutting eurozone interest rates in June after inflation falls slightly above its 2 percent target
The UAE-Austria non-oil trade volume grew 18 percent YoY, hitting $1 billion in the first nine months of 2023
Economists attributed the sharp decline to the earlier timing of the Easter holidays this year
IMF projects a GDP growth rate of 3.2 percent for Russia
