economy
Euro area swings to $8.9 billion trade deficit as imports rise 10 percent, EU gap hits $13.8 billion
An energy shortfall and weaker manufacturing surplus reversed last year’s EUR15 billion goods trade surplusÂ
The central bank signaled that further increases may follow as inflation and household debt risks persistÂ
The agreement expands goods, services and professional mobility across both markets.
The pilot will cover person-to-person, retail, mobile and e-commerce transactionsÂ
The U.S. president criticized Madrid’s refusal to meet the alliance’s new spending targetÂ
World Bank keeps China GDP growth forecast at 4.4 percent for 2026 as AI investment supports economy
The economy remains resilient despite global energy and external risks
Record capital goods imports and strong domestic demand weighed on second-quarter growth
Fresh Eurostat data suggests price pressures in the euro area are becoming less intenseÂ
Rising energy prices linked to Middle East tensions push inflation above Fed target levels
The move fulfills the EU’s obligations under a trade deal and helps avoid renewed tariff tensionsÂ
Policymakers remain focused on inflation while supporting economic growthÂ
A new report highlights the rising economic burden of extreme weather across the EUÂ
The move follows Washington's latest sanctions on several Chinese companies
The central bank warned that geopolitical tensions are clouding the inflation outlookÂ
Eurostat data showed inflation accelerated across both the euro area and the European Union
New initiatives include a secure AI assistant for public servants and national data platforms
Mixed signals from inflation and GDP leave policymakers balancing stability and weak momentumÂ
The member states' share of global trade has more than doubled since inception
Sharp decrease is largely attributed to aggressive efforts by Tokyo authorities to stabilize the yen
Private sector activity contracts at fastest pace in 18 months
Investors sell off government debt as Middle East conflict fuels inflation concerns
Baseline forecasts 0.9 percent 2026 expansion rates steady amid oil shock divergence
Public debt $31.27 trillion exceeds annual GDP record borrowing inaction
